Business Intelligence Professional Certification Test

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Questions: 50 | Attempts: 920 | Updated: Feb 15, 2023

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Business Intelligence Professional Certification Test - Quiz

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Current Version
Feb 15, 2023

Quiz Edited by
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Aug 16, 2012

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Business Intelligence Professional Certification Test

True/False: A partnership usually issues stock to raise capital. _______

The ______________ is a group that is in charge of making business decisions for a corporation.

A type of business that moves goods from the manufacturer to the consumer.

Which of the following is an activity performed by businesses?

The parent company of a franchise is known as:

A form of production that makes a product to fit the needs of individual consumers is __________.

A business that takes natural resources and converts them into a consumer good is a/an__________.

In this type of business, the owner is responsible for all debts. What type of business is this?

A form of business that can have many owners and issue stock is a __________.

_____________ is the taking into public ownership of private businesses.

National government raises money through general _________ and ________.

_____________________ occurs when an organisation that was previously owned and managed by the state has been sold to the private sector.

The ___________ sector consists of those organisations which are owned and controlled by either local or national government.

The usual cycle of objectives is ________________.

The most effective business objectives meets all five (5) criterion. Indicate which grouping is correct.

A mission statements tells that the business is ________________.

Which of the following best describes the aim of a business?

Rules of conduct established by the government to maintain stability and justice are called __________.

A guarantee that goods are free of financial obligation, or lien, is called a ________________.

Oral statements made before signing a written contract are not admissible as evidence under the ________________.

In a criminal proceeding, the government is referred to as the ________________.

A substitution of one contract for another is ________________.

Standard-form, written contracts prepared by the seller for the buyer to sign are called ________________.

A partnership that is formed simply by the way two or more people conduct their business is called ________________.

A contract that at first appears to bind both parties, but really binds no one is ________________.

Goods must be fit for ordinary purposes under the implied warranty of ________________.

The doctrine stating that an employer can fire an employee at any time for any reason is known as ________________.

At the bottom level of the federal court system are the federal __________.

Charging more than the maximum legal interest rate is __________.

A business that prepares departmental margin statements for two departments should have ________________.

At the end of a fiscal period, a business must show how much rent received in advance has become ________________.

Recording an adjusting entry for accrued interest income is an application of the accounting concept ________________.

The amount withheld from employees' total earnings for federal income tax is determined ________________.

Purchases of equipment are an ________________.

If a company has a total revenue of $150,000, cost of goods sold of $59,600, and total expenses of $72,985, its gross profit is ________________.

The adjusting entry to record the estimated uncollectible accounts expense using the percentage of sales method is ________________.

Which accounting concept is applied when it is stated that the earnings of a business must be satisfactory to continue operations?

In the entry to journalize the employer payroll taxes expense for a semimonthly period, the account debited would be the ________________ account.

In the check register, the Bank Balance column indicates the ________________.

The sales returns and allowances account is known as a ________________.

In estimating inventory using the retail method, the estimated inventory at cost equals the inventory at retail times a percentage that is determined by dividing the ________________.

If the departmental margins are 30% of net sales, the company's net income for the fiscal period will normally be ________________.

If the principal of a 90-day note is $5,000.00 and the interest due at maturity is $125.00, the interest rate on the note is ________________.

If the cost of ending merchandise inventory is understated, the cost of merchandise sold will be ________________.

Recording uncollectible accounts expense at the time the amount is actually known to be uncollectible is known as the ________________.

When an account that has been written off using the direct write-off method is collected, the revenue account used is ________________.

Responsibility accounting traces revenues, costs, and expenses to ________________.

When a special payroll account is used, the balance after all payroll checks have been cashed is ________________.

Which of the following does not require an entry on the company's books?

All corporations issue ________________.

National government raises money through general _ and .