US Major Accounting Test 1

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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University Major — Test 1 (Accounting) University (Undergraduate Majors, USA) USA USA University Majors Curriculum

What is this test? for University Major review (University Major — Test 1 (Accounting)), USA — University (Undergraduate Majors, USA) level, USA.
For University students (Undergraduate) in Test 1 (Accounting) in the USA — is this your major?
Section: University Major — Test 1 (Accounting) · Education: University (Undergraduate) · Part: University Major — Test 1 (Accounting) · Country: USA

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What are the 4 Ps?

A) Product price place promotion

B) People only

C) No Ps

D) Profit only

Question 2

What is marketing?

A) Making goods

B) Promoting selling

C) Hiring staff

D) Counting cash

Question 3

What is GDP?

A) Debt total

B) Tax total

C) Output value total

D) Trade total

Question 4

What is supply and demand?

A) Fixed prices

B) No market

C) Government sets

D) Price-setting forces

Question 5

What is logistics?

A) Moving goods

B) Making goods

C) Selling goods

D) No moving

Question 6

Which of the following best defines SWOT?

A) No analysis

B) Strengths weaknesses opportunities threats

C) Numbers only

D) One factor

Question 7

Which of the following best defines revenue?

A) Costs

B) Debts

C) Earned income

D) Losses

Question 8

Which of the following best defines a budget?

A) Tax bill

B) Bank loan

C) Savings jar

D) Spending plan

Question 9

Which of the following best defines microeconomics?

A) Small-unit study

B) Whole economy

C) No study

D) World trade

Question 10

Which of the following best defines competition?

A) One seller

B) Rival sellers

C) No sellers

D) Government only

Question 11

Which of the following best defines a stock?

A) Bond

B) Loan

C) Company share

D) Bill

Question 12

Which of the following best defines a business plan?

A) No plan

B) One page

C) Oral pitch

D) Roadmap document

Question 13

Which of the following best defines a monopoly?

A) Single seller

B) Many sellers

C) No sellers

D) Buyer group

Question 14

Which of the following best defines a balance sheet?

A) Movie

B) Snapshot finances

C) Letter

D) Ad

Question 15

Which of the following best defines fiscal policy?

A) Court rulings

B) Trade deals

C) Tax-spend management

D) Money printing

Question 16

What best defines HR?

A) No people

B) Robots only

C) Outsourcing only

D) People management

Question 17

Which of the following best defines venture capital?

A) Startup funding

B) Bank loans

C) No funds

D) Grants only

Question 18

What best defines diversification?

A) One stock

B) Spreading risk

C) No risk

D) Cash only

Question 19

What best defines target market?

A) Everyone

B) No buyers

C) Intended buyers

D) Sellers

Question 20

What best defines market research?

A) No study

B) Guessing

C) Copying rivals

D) Customer study

US Major Accounting Test 1

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