PLACE Marketing Education: Practice & Study Guide Final Exam

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Question 1 1. What statement(s) do external and internal users of accounting information rely on?

Question 2 2. Jarett orders and purchases two laptops for his company usage on account. The ordered laptops amounted to $1,200. Identify the two accounts that are used for this transaction.

Question 3 3. Who investigated Arthur Andersen and Enron?

Question 4 4. Which of the following entities established the time period principle?

Question 5 5. What does ALOE stand for?

Question 6 6. What types of reports are created during the accounting cycle for the use of management?

Question 7 7. Experiments are:

Question 8 8. Based on the target end user, a computer is _____ product.

Question 9 9. In our ever-evolving world, there have been many advances that have made accounting processes easier to complete Which of the following is an example of man-made technology that has impacted the accounting industry throughout history?

Question 10 10. What is the first step in an accounting cycle called?

Question 11 11. Which of the following statements is MOSTLY TRUE of a specialty product?

Question 12 12. Dan's organization stores their software applications and other information on a group of external computers known as virtual network servers. Employees often refer to this storage space as the _____.

Question 13 13. Sam had a terrible experience at the Surf Hotel on the coast. When planning his beach vacation next year, he chooses the Tidewater Inn. This is an example of _____.

Question 14 14. What is the formula for the basic accounting equation?

Question 15 15. Kayla bought butter last week but paid no attention to the brand when she made her purchase. This is an example of _____.

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PLACE Marketing Education: Practice & Study Guide Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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