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Accounting Trivia
100

Change this direct question into an indirect question:
Where can I find a bank?

Can you tell me where the bank is?
Could you tell me where the bank is?
Do you know where the bank is?
Would you mind telling me where the bank is?

100

A ___________________ is the most common form of business organization. It's easy to form and offers complete managerial control to the owner. If your business owned by several individuals, you'll want to take a look at structuring your business as a _______________.

Sole proprietorship

Partnership

100

_______________ is a legally protected symbol, word, or phrase that represents a company's brand or product and distinguishes it from others in the market.


TRADEMARK

100

The costs of running a company that are not directly tied to producing a specific product or service. (rent, electricity, water bills, etc).

Overheads
(also called indirect costs)

100

In Accounting, what does ROI stand for?

Return on Investment

200

Correct the mistake!

I live in London since last year.

I have lived / have been living in London since last year. 

200

What is an LLC and what is an advantage of this type of business?

Limited Liability Company, is a type of business structure that combines elements of both corporation and partnership features. It provides limited liability protection to its owners (known as members), meaning that their personal assets are typically protected from the business's debts and liabilities.

Advantages: Profits and loss included on personal tax returns, Flexible: taxation and management

200

___________ is a well-known and highly successful brand with a strong market presence and influence.

POWER BRAND

200

A ______________ is a company that is at least 50% owned or controlled by another company, which is known as the parent company or holding company.

subsidiary

200

Who is the richest woman in the world?

Françoise Bettencourt Meyers (worth $99 Billion)

300

Correct the mistakes. Both questions must be correct to get the points!
1. Can you explain me the problem?
2. She is learning English during 3 years.

1. Can you explain the problem to me?
2. She has been learning English for 3 years. 

300

What is one possible effect of having women in boards according to the different studies made on the subject?

Possible responses:

Better returns
less fraud and shareholders battles
increase in stock prices
modifications in decision-making process

300

Let's consider a company that sells outdoor apparel and gear. Instead of treating all their customers as one homogeneous group, they place them into different groups based on different factors such as demographics, psychographics, behavior, or geographic location. What is this technique called?

SEGMENTING A MARKET.

300



_____________are non-monetary advantages or perks provided to employees or customers, such as health insurance, paid time off, or discounts. __________is the financial gain a business earns after subtracting expenses from revenue.


Benefits
Profit

300

Who is known as the "Father of Accounting"?

LUCA PACIOLI (famous Italian mathematician)

400

Provide an appropriate linking word in the following sentence:

The team worked overtime to meet the project deadline; _____________, they couldn't complete it on time.

however
despite this / in spite of this
nevertheless
yet
even so

400

Name one advantage and one drawback for corporation entities.

Advantages
Liability protection
Can raise money by selling stocks
Can retain profits without personal taxation

Drawbacks
Higher costs
More accounting and tax preparation services

400

__________ are ways in which something changed or develops over time.

Your _______________ is the money you have available to spend on things once you have paid your essential bills.

TRENDS


DISPOSABLE INCOME

400

____________ focuses on core production profitability, while ___________ shows the company’s total financial health after all expenses.

Gross Profit
Net Profit

400

What is the famous mathematical sequence often found in nature and also used in accounting?

THE FIBONACCI SEQUENCE

(some financial analysts and mathematicians have explored the Fibonacci sequence's potential connections to stock market movements or patterns in financial data. However, it's important to note that any such applications would be based on statistical analysis and not on direct use of the Fibonacci sequence in accounting calculations)

500

What's the question? Base your question on the words in ITALICS! 

1. "I've known Gerry FOR 7 YEARS "

2. "She has just bought A NEW HOUSE."


1. How long have you known Gerry?

2. What has she just bought?

500

1. What is gender quota?
2. What is its purpose?

A policy or regulation that sets a specific percentage or number of positions to be filled by individuals of a particular gender, typically aimed at promoting gender equality and increasing female representation in various sectors, such as politics, business, and academia.

500

1. What does CRM stand for?
2. What is it?

1. CUSTOMER RELATIONSHIP MANAGEMENT


2. It is a system or strategy businesses use to manage interactions with current and potential customers, aiming to enhance relationships, boost sales, and improve customer retention.

500

What's the difference between a LOAN and a LEASE?

A loan provides funds to buy and own an asset outright, while a lease allows temporary use of an asset without ownership.


500

In accounting, what is the formula for calculating the net profit margin ratio?

Net Profit Margin = (Net Profit / Total Revenue) x 100.