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Accounting for Non-Accountants Quiz 1

1. The purpose of accounting is to provide information that will help you make correct financial decisions.

True
False

 

2. Hiring a professional accountant to be unethical in your business operations can be critical to the success of your company.

True
False

 

3. The purpose of accounting is to provide __________ that will help you make correct financial decisions.

reports
records
information
records

 

4. Your accountant’s job is to give you the ___________ you need to run your business as efficiently as possible while maximizing profits and keeping costs low.

reports
records
information
records

 

5. Hiring a __________________ accountant to aid in your business operations can be critical to the success of your company.

decent and ethical
nice and professional
professional and smart
professional and ethical



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Answers

Use the answers below to figure out your score, and see how well you understand the material of the first chapter. If you scored less than an 80% you should read over the chapter again before moving on.

Question 1: True
Question 2: False
Question 3: information
Question 4: information
Question 5: professional and ethical

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