891. The Internet facilitates financial planning by providing
A. quotations that can be used when making financial decisions.
B. information on all parts of the financial plan, such as budgeting, managing liquidity, financing, investing, insurance, and retirement planning.
C. updated information on the recent performance of various types of investments.
D. All of the above

892. If you give something up as a result of making a decision, you are incurring a(n)
A. opportunity cost
B. net cost.
C. liquidity problem.
D. None of these

893. Financial advisers:
A. often provide analyses of investments that are very conservative.
B. may advise you to make investments that are designed to give them high commissions
C. are always motivated to act in your best interests.
D. are not useful for individuals with a limited background in financial planning.

894. When constructing a budget, it is helpful to use a personal cash flow statement, which measures a person’s __________ and __________.
A. assets; liabilities
B. cash inflows; cash outflows
C. assets; expenses
D. None of the above

895. Bill Peters’ net cash flow is (Question based on above Question)
A. $3,100.
B. $720
C. $1,670.
D. $2,100.

896. The Pioneer of Accounting is:
A. Arthur Field House
B.Gitman
C. William Pickles
D. Lucas Pacioli

897. The art of recording, classifying and summarizing is called:
A. Journalizing
B. Accounting
C. Bookkeeping
D. Record Keeping

898. Accounting furnishes data on
A. Income and cost for the managers
B. Financial conditions of the institutions
C. Company’s tax liability for a particular year
D. All the above

899. Accounting records of a business enterprise is required by:
A. Management of the business
B. Outsiders
C. All of the above
D. None of these

900. To control the cost of production and distribution is the main field of:
A. Financial Accounting
B. Cost Accounting
C. Auditing
D. None of these

NOTE
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