Module K Careers in Business Answer Key
Multiple Choice Questions
1.
In _____ accounting, the accountant serves as an outside advisor to
business organizations.
2.
Which of the following is a primary area of responsibility for public
accountants?
3.
Which major form of accounting involves working within a company to
manage investor relations, banking relations, daily financial affairs, and
planning new products and services?
4.
In what accounting area do positions such as auditors involve enforcement
of federal laws and regulations?
5.
Who is the corporate officer responsible for financial planning and record
keeping, as well as financial reporting to higher management?
6.
Who is the accountant who prepares financial reports for other groups,
including stockholders, creditors, regulatory agencies, and tax authorities?
7.
Which individual in the accounting field reviews company operations,
evaluates their efficiency, and effectiveness, and compliance with corporate
policies and procedures, laws, and government regulations?
8.
A tax accountant is responsible for:
9.
Which IT system allows accountants to quickly build ad hoc reports and
make structural changes in the organizational data?
10.
Which IT environment allows accountants to quickly research new
government rules and regulations?
11.
What area of IT knowledge is needed by accountants in order to secure the
assets of a company?
12.
The _____ is responsible for controlling the cash needs of the corporation.
13.
The _____ has responsibilities that include management of inventory
investment, accounts receivable investment, and cash management.
14.
The _____ works with individuals, small businesses, and large corporations
to provide funds for their spending needs.
15.
In business and municipal issuers of bonds, the _____ serves to ensure that
the interests of the investors are met by the issuer.
16.
The _____ typically works for institutions such as mutual funds or insurance
companies.
17.
Which IT tool allows the financial professional to forecast future cash flows
and evaluate changes in assumptions?
18.
Which IT tool allows the financial professional to identify and measure the
risk inherent in a project?
19.
_____ is a means of controlling accounts receivable and accounts payable,
both for individuals and businesses.
20.
Which of the following characteristics of hospitality businesses is true?