Practice Test


Q1) Where a company get trainer into the company or sends staff outside where only the company staff is getting trained exclusively, it is known as: Show Answer


Q2) An attestation that the client's financial statement is accurate is known as _________. Show Answer


Q3) ________ Merger is where two or more companies from the same industry merge. Show Answer


Q4) ASAP is usually communicated to mean: Show Answer


Q5) Red circle rate is a : Show Answer


Q6) __________ occurs when an employee's position is eliminated. Show Answer


Q7) "Opening Balance" is a term used for:
A. Balance brought forward at the beginning of a new accounting period.
B. Last entry of a new account or accounting period.
C. Stock of an item at the end of a new inventory-keeping period. Show Answer


Q8) Which of the following business terms is used where buyer and supplier agree on the product detail and cost to be shipped to buyer ? Show Answer


Q9) __________ is a concept that all social and political change is determined by the economic force of demand and supply. Show Answer


Q10) The original name of fax is: Show Answer


Q11) QMS stands for: Show Answer


Q12) An unexpected sales opportunity that has a high chance of turning into profitable business is known as _________. Show Answer


Q13) What makes a company different from its competitors ? Show Answer


Q14) What is the different between buying price and selling price known as ? Show Answer


Q15) GDP stands for: Show Answer


Q16) Back-to-back loan is also known as _________. Show Answer


Q17) VPS stands for: Show Answer


Q18) Macro Marketing is:
A. An alternative term for niche marketing.
B. An alternative term for network marketing.
C. Is a study of marketing activities, institutions, and processes from the national perspective. Show Answer


Q19) A group of investment banks that act together for a specific purpose, such as to underwrite an IPO or to loan money to a borrower is known as _________. Show Answer


Q20) The journal which has the list of the company's nominal accounts is known as : Show Answer