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Foundations Of Business Quiz: Accounting

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Q1 . What simplified equation best refers to Assests = Liability plus Equity

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Q2 . Luca Pacioli was dubbed the "__________ of double-entry bookkeeping"

Q3 . Pacioli used the Venitian system for Debits and Credits.

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Q4 . George Lucas, owner of the Star Wars enterprise. Gets a Retained earning of 5% of anytime the use of Starwarslogo is used.

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Q5 . What is a P/E?

Q6 . The Geisha became poor through accounting.

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Q7 . Which pricing stratagey has an objective to enter the market as fast as possible and at the lowest price to discourage competitors). This is the statagey to capture the most market share.

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Q8 . Storing tools is an expense.

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Q9 . Cicero wrote about Deception.

Q10 . Aquinas believed it not right to charge for profit, only labor plus material cost.

Q11 . To create an efficient and effective distribution system you would widen as many channels as you can.

Q12 . Breadth= how many products we have.

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Q13 . Accounts cut ______ and Marketers ________ on advertising. (seperate answer with comma).

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Q14 . Which order in accounting is correct?

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Q15 . According to Saikaku an accountants obligation is to __________________. (hint: two words)

Q16 . Who says that it is unlawful but not a sin to create unquality goods?

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Q17 . According to Saikaku, woman make better accountants.

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Q18 . Thomas Aquinas brought two things together ____________ and Jerusalem.

Q19 . GNA refers to:

Q20 . What story does Saikaku teach, that says if you let them cool you will pay less by weight.

Q21 . What person said that there are 3 criteria in goods: Substance (if I advertise something gold and it is plastic) Quality (If I say a mug keeps warm for 20 and it doesn't_ Promotion (if product is defective it is unlawful but not sinful not say anything unluess it is harmful to someone).

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Q22 . Which of the gollowing can you use to figure profitability from a balance sheet?

Q23 . Thomistic Logic was taught by churches to teach proper mathematics.

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Q24 . Breadth X Depth = Plan

Q25 . If you are storing goods you manugacture, its an expense, not a cost.