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Financial Concepts Quiz
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Financial Concepts Quiz

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@UnrestrictedMeerkat

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Questions and Answers

Which financial document records how much money a business has, and what form it takes?

  • Profit and loss reports
  • Cash flow statement
  • Balance sheet (correct)
  • Income statement

    • What does the income statement detail?

  • Where the money comes from and who is using it
  • How much money a business has, and what form it takes
  • Income and expenses over regular periods (correct)
  • How the company uses money to make more money

    • What does the cash flow statement describe?

  • How much money a business has, and what form it takes
  • Income and expenses over regular periods
  • Where the money comes from and who is using it
  • How the company uses money to make more money (correct)

    • What is the main focus of marketing?

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