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What Is Financial Data? - Definition & Concept

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What's the best explanation of financial data?

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1. If you want to know if a company is profitable or not, what data do you need to review?

2. If you want to know if the owners have any value in the business, what financial data do you need to review?

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About This Quiz & Worksheet

Financial data is integral to business platforms and company well-being. This quiz/worksheet will help you test your understanding of its definition and components.

Quiz & Worksheet Goals

In these assessments you'll be tested on the definition and factors of:

  • Financial data
  • Reviewing a company's profit
  • Reviewing data for business value
  • Reviewing from a cash point of view
  • Finding the value of a company's assets, liabilities, and equity

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Defining key concepts - ensure that you can accurately define financial data
  • Reading comprehension - ensure that you draw the most important information from the lesson on reviewing company finances
  • Information recall - access the knowledge you've gained regarding cash point of view

Additional Learning

To learn more about financial data, review the accompanying lesson, What is Financial Data? - Definition and Concept. This lesson covers the following objectives:

  • Define financial data
  • Differentiate between the different types of financial data
  • Know the uses of each type of financial data
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