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POBF EXAM QUESTIONS WITH 100% SOLVED ANSWERS SCORED A+

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"To form my business, I used all of my savings and borrowed from the bank, and I'm personally liable for all of the debts." This is an example of which of the following forms of business ownership: Partnership Corporation Cooperative Sole proprietorship - ️️sole proprietorship A bank denies a business owner's application for credit saying, "We feel that you would be unable to make the monthly payments because of your other debts." What financial report did the bank review? • ...

________ are potential events or situations that can cause injury, or harm to people, property or the environment. - ️️Hazards A business that writes letters to customers to confirm their orders or requests should make sure that the letters contain: - ️️all the necessary information A farmer has 1,000 acres. He decides to plant apple trees on 800 acres and raise cows on the remaining 200 acres. If he wanted to raise more cows, he would have to reduce the amount of land allotted to grow...

Banks/Vendors use the balance sheet - - ️️determine how much credit they'll extend to a company Beginning cash balance - ️️the amount of money a business has available at the beginning of each month. Cash payments - ️️sources of cash flowing out of the business Cash receipts - ️️specific sources of money flowing into the business Creditors use businesses accounting information - - ️️When deciding to grant a loan Define the term accounting. - ️️process of keeping fin...

A business selects goods or services to sell. Which type of risk is this business using? - ️️controlling risk A business that begins selling winter holiday decorations in late autumn is creating what type of utility? - ️️time A business that writes letters to customers to confirm their orders or requests should make sure that the letters contain - ️️all the necessary information a characteristic of a sole proprietorship is that the owner : - ️️receives all the profit A farm...

93 - ️️If 3 employees each work 35 hours a week and produce a total of 9765 items what is their total hourly productivity level A Monetary reward - ️️What is profit in business terms A sellers market - ️️A killing frost destroys 80% of Florida's citrus crop This will most likely create A special promotion fails to increase sales - ️️Which is an example of a speculative business risk A unique individual - ️️It is easier for employees to develop positive customer client re...