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5 Written questions

5 Matching questions

  1. net income
  2. check register
  3. strong command
  4. bank reconciliation
  5. variable expenses
  1. a the section of your check book where you keep track of all your transactions
  2. b revenue is greater than expenses
  3. c the process of seeing whether your records agree with the bank's records for your account
  4. d expenses that fluctuate and over which you have some control, such as food and entertainment
  5. e communism, the state makes all the economic decisions

5 Multiple choice questions

  1. federal agency that enforces rules that protect the environment and control pollution
  2. The amount of money a company has to make on a product to pay for its costs
  3. a fixed compensation periodically paid to a person for regular work or services.
  4. when you write a check for more money than there is in your checking account
  5. a prearranged line of credit for overdrawn checks

5 True/False questions

  1. overtimetime worked beyond the regular hours - pay is 1 1/2 times the regular rate of pay


  2. embargowhen the government decides to stop an import or export of a product


  3. supplythe amount or quantity of goods and services that consumers are willing to buy at various prices


  4. capital gainscurrency in paper form, such as government and bank notes, as distinguished from metal currency.


  5. Occupational Safety and Health AdministrationA particular way to direct products to consumers


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