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Questions and Answers
If a company's assets are $100,000 and its liabilities are $50,000, what is its owner's equity?
If a company's assets are $100,000 and its liabilities are $50,000, what is its owner's equity?
- $150,000
- $200,000
- $100,000
- $50,000 (correct)
Which of the following equations represents the relationship between assets, liabilities, and owner's equity?
Which of the following equations represents the relationship between assets, liabilities, and owner's equity?
- Assets = Liabilities + Owner's Equity (correct)
- Assets = Liabilities * Owner's Equity
- Assets = Liabilities / Owner's Equity
- Assets = Liabilities - Owner's Equity
What does SWOT stand for in SWOT analysis?
What does SWOT stand for in SWOT analysis?
- Strategies, Weaknesses, Opportunities, Trends
- Strategies, Weaknesses, Objectives, Threats
- Strengths, Weaknesses, Objectives, Targets
- Strengths, Weaknesses, Opportunities, Threats (correct)
What is the result of subtracting liabilities from assets?
What is the result of subtracting liabilities from assets?
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Which of the following best describes the purpose of SWOT analysis?
Which of the following best describes the purpose of SWOT analysis?
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Which part of SWOT analysis focuses on factors that are favorable to achieving business objectives?
Which part of SWOT analysis focuses on factors that are favorable to achieving business objectives?
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