1.

Question :

An entity that is organized according to state or federal statutes and in which ownership is divided into shares of stock is a

Student Answer:

proprietorship.

corporation.

partnership.

governmental unit. A

Points Received:

2 of 2

Comments:

2.

Question :

When a product is sold, this cost is often called

Student Answer:

cost of goods sold.

revenue.

products.

retained earnings.

Points Received:

0 of 2

Comments:

3.

Question :

Which of the following are business stakeholders?

Student Answer:

Stockholders

Suppliers

Customers

All of these

Points Received:

2 of 2

Comments:

4.

Question :

The role of accounting in business is best defined as

Student Answer:

an information...