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Answer Key For Quizzes

This document provides answer keys for multiple quizzes in an accounting course. It lists the questions and correct answers for Quiz 2 and Quizzes 3-5. For Quiz 2, the answers relate to accounting concepts like the functions of management, types of financial reports, and principles of accounting information systems. Quizzes 3-5 cover additional topics tested in multiple choice question format.

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125 views2 pages

Answer Key For Quizzes

This document provides answer keys for multiple quizzes in an accounting course. It lists the questions and correct answers for Quiz 2 and Quizzes 3-5. For Quiz 2, the answers relate to accounting concepts like the functions of management, types of financial reports, and principles of accounting information systems. Quizzes 3-5 cover additional topics tested in multiple choice question format.

Uploaded by

Alta Sophia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Answer keys for quizzes – PRELIMS, acc 211

QUIZ 2 – Enumeration (Yellow Pad) QUIZZES 3 – 5 (Book)


Questions: Quiz No. 1
1–4 Functions of Management
5–8 Types of Managers A.
9 – 15 Users of the Financial Statements 1. C
16 – 20 Financial Reports in Accounting 2. B
21 – 25 Fundamental system principles of an 3. X
Accounting Information System 4. N
5. H
Answers: 6. D
1. Planning 7. Q
2. Organizing 8. P
3. Directing and controlling 9. J
4. Decision-making 10. F
5. Production 11. Y
6. Marketing 12. K
7. Sales 13. G
8. Finance 14. R
9. Employees 15. V
10. Investors/Owners 16. T
11. Suppliers 17. W
12. Lenders 18. L
13. Customers 19. O
14. Government 20. Z
15. Managers
16. Tax Reports B.
17. Financial Statements (General-purpose) 1. P
18. Special Reports 2. C
19. Managerial Reports 3. S
20. Bonus 4. C
21. Cost-benefit 5. S
22. Relevance 6. C
23. Flexibility 7. C
24. Compatibility 8. S
25. Control
C.
1. F
*** For #5 – 8, another possible answer would be the personnel 2. E
manager 3. G
4. B
5. C
6. D
7. A

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Answer keys for quizzes – PRELIMS, acc 211

1. I
Quiz No. 2 2. E
3. G
A. 4. D
1. Language 5. A
2. Partners 6. K
3. Investors 7. B
4. Profit 8. F
5. Income statement 9. H
6. Equity/net worth 10. J
7. Computer
8. Journal B.
9. Revenues 1. E
10. Statement of cash flows 2. B
11. Solvency 3. D
12. Managerial report 4. A
13. Computer 5. C
14. Computer
15. Internal control
16. Summa de Aritmetica
17. Liquidity
18. Employees
19. Efficiency
20. Income statement

B.
1. F
2. D
3. B
4. C
5. E
6. A

C.
1. E
2. E
3. B
4. D
5. A
6. F

Quiz No. 3

Page 2 of 2

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