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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define the term 'transaction'.
💡 Hint: Think about the exchange of money for goods or services.
Question 2
Easy
What is capital?
💡 Hint: Consider where a business gets its starting funds.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is a transaction?
- An investment
- Any business activity involving money
- A financial report
💡 Hint: Think about what constitutes a financial activity.
Question 2
True or False: Capital refers to the money a business owes.
- True
- False
💡 Hint: Consider the difference between ownership and debt.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company has total revenue of $25,000 and total expenses of $20,000. Calculate the profit and explain the significance of this profit in a business context.
💡 Hint: Subtract total expenses from total revenue.
Question 2
If a business has $50,000 in assets and $30,000 in liabilities, discuss what this means for the business's financial health.
💡 Hint: Think about how we evaluate assets versus liabilities.
Challenge and get performance evaluation