Want to see correct answers?
Login or join for free!
  printable Worksheets
Looking for printable worksheets?
Check out our pre-made printable worksheets!
Share/Like This Page
Filter By Grade

Twelfth Grade (Grade 12) Business Questions

You can create printable tests and worksheets from these Grade 12 Business questions! Select one or more questions using the checkboxes above each question. Then click the add selected questions to a test button before moving to another page.

Previous Page 1 of 14 Next
Grade 12 Finance
Which of the following describes when an individual, family or business assumes the total risk of economic loss?
  1. coinsurance
  2. self-insurance
  3. liability risk
  4. premium
Grade 12 Business Technology
The purpose of having a portfolio for school is:
  1. To show others what we did in school.
  2. To keep all your grades in and keep in class with all your school notes.
  3. To have an organized way of recording and organizing accomplishments.
  4. None of the Above
Grade 12 Business Technology
A money market fund is
  1. a nonprofit banking institution.
  2. a financial institution run by investment companies.
  3. a savings-investment plan offered by investment companies.
  4. a financial institution that offers a full range of financial services.
Grade 12 Business
Sales, Rent Expense, and Interest Expense are examples of accounts that will be reported on this financial statement         income                     statement            .
Grade 12 Business Technology
What is the purpose of a storyboard?
  1. To write out each scene
  2. To show the action
  3. To create a timeline
  4. To estimate the ending
Grade 12 Business
Rental property is bought as the payments are made.
  1. True
  2. False
Grade 12 Business
Income property is used to generate income.
  1. True
  2. False
Grade 12 Business
The two main methods of bookkeeping and accounting are the cash method and the           accrual           method.
Grade 12 Business
Liability accounts will normally have          credit          balances
Grade 12 Business
When a check is written, a cash account should be            credited            .
Grade 12 Business
The word used by bookkeepers to indicate the left side of an account is         debit        .
Grade 12 Business
A supplier of good or services is known as a          vendor         .
Grade 12 Business
The minimum number of general ledger accounts affected by a transaction is       two      .
Grade 12 Business
Notes Payable, Accounts Payable, and Wages Payable are examples of             liability             accounts which will be reported on the balance sheet.
Grade 12 Business
Accounts such as Cash, Accounts Receivable and Equipment are examples of         asset         accounts which will be reported on the balance sheet.
Grade 12 Business
The unexpired portion of a prepaid property insurance premium should be reported as            an asset           .
Grade 12 Business
Which term refers to the crime of obtaining money or some other
benefit by deliberate deception?
  1. opportunity cost
  2. investing
  3. fraud
  4. equity
Grade 12 Business
Which term refers to a multi-unit house which is a jointly-owned apartment building?
  1. a cooperative
  2. a condominium
  3. a townhouse
  4. a duplex
Grade 12 Business Technology
A certificate of deposit is
  1. a certified document that reports your savings.
  2. a savings account that contains only mutual funds.
  3. s chequing account that requires a minimum deposit for a specific period of time.
  4. a savings plan requiring that a certain amount be left on deposit for a stated time period.
Grade 12 Business Technology
A rate of return is
  1. rate of exemption from state or local taxes.
  2. the percentage of increase of compounding interest.
  3. the amount of interest accrued on a savings account.
  4. the percentage of increase in the value of savings as a result of interest earned.
Previous Page 1 of 14 Next
You need to have at least 5 reputation to vote a question down. Learn How To Earn Badges.