Entrep. Quiz
Entrepreneurship Financial Literacy Quiz
Test your knowledge on essential financial concepts that are vital for entrepreneurs! This quiz covers various aspects of financial statements and performance metrics crucial for business success.
- 10 Thought-provoking questions
- Multiple choice and open-ended format
- Assess your understanding of balance sheets, profits, and liquidity
The new name of the balance sheet is financial position of statement.
True
False
Liquidity refers to the ability of the business to currently pay maturing obligations from the date of the balance sheet.
True
False
The balance sheet has two major parts, namely, the heading and the body.
True
False
The term assets does not refers to the properties owned or controlled by the business.
True
False
The term liability to the financial obligations of the business as of the date indicated in the profitability ratios.
True
False
The owner’s equity section of the balance sheet represents the residual interest of the owner or owners on the properties of the business.
True
False
The gross profit does not represents the difference between net sales and cost of sales of the entrepreneurial venture during a given period.
True
False
The operating profit margins is the excess of gross profit from the operating expenses.
True
False
The net profit margin rate measures the overall operating profit margin.
True
False
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