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Intro to Business 11 and 16 Flashcards | StudBud
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Intro to Business 11 and 16
Intro to Business 11 and 16
20 terms
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Review of terms and concepts covered in Chapters 11 and 16
Flashcards
20 cards
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Questions
20
Answers
1
Typical users of a company's accounting information include all the following except ___.
Free-lance professionals
Bankers and investors
Union officials
Owners and stockholders
2
A malicious software program designed to infect computer systems is called
viral attack
hacking
malware
phishing
3
If you are a bond holder, you are
likely to lose money
like to earn unexpected profit
a company's customer
a company's creditor or lender
4
A centralized integrated collection of data resources is known as _________
database
the information technology department
operational systems support
big data
5
All Public Accountants perform all these duties except...
management consulting
Auditing or examining financial records
Tax preparation and planning
Assisting in hiring other accountants
6
The "Big Four" accounting firms include Ernst & Young, Deloitte, KPMG and
TurboTax
PwC
H and R Block
Arthur Anderson
7
Software includes all of the following except__
programs
languages
external drive
routines
8
_________ is the process of measuring, interpreting and communicating financial information
Investment
Entrepreneurship
Cash flow
Accounting
9
An example of a unicorn is
Ford
McDonald's
General Electric
Uber
10
Current assets are those that can be converted to cash in
no more than a month
no more than a quarter
no more than one year
no more than five years
11
A financial record of revenues, expenses and profit over a given period of time is
an income statement
a journal entry
a balance sheet
none of these
12
Data information is knowledge gained from
Processing facts and figures in meaningful context
Using fact and figures in predictive analytics
All of the above
comparing historical outcomes to current data points
13
A balance sheet shows a company's position
throughout the year
none of these
at the end of the fiscal year
on a particular date
14
The accounting equation is
None of these
Assets = Liabilities + Owner's Equity
Liabilities - Assets = Owner's Equity
Assets + Liabilities = Owner's Equity
15
The term unicorn refers to businesses worth more than $1 B that use ______________
business paradigms
crowd source funding
disruptive innovation
information technology
16
WiFi allows various devices to communicate with one another using
specialized hardware
radio waves
the Intranet
advanced software applications
17
A management accountant works internally in an organization to identify...
investment opportunities
All of these
excessive risk
strategic direction and planning
18
Application software include
Microsoft Publisher
Quicken
All of these
Google Docs
19
Software that secretly gathers information from the user's Internet connection without their knowledge is
cookies
worms
spyware
Trojan horses
20
Sources of big data include all but ____
social media
customer feedback
online sales
A comprehensive survey from one customer