1. Ideally you want to have a positive "double” bottom line. This means ________.

a. you are achieving a profit and meeting your mission

b. you have twice the number of customers that you expected

c. you have twice the profit you expected

d. your profit allows you to stay in business and achieve your mission

2. ________ are those things that a business owns which have value.

a. Assets

b. Liabilities

c. Owners' equities

d. Liquidities

3. Growth of _______ is a good way to measure company success.

a. owner's equity

b. cash

c. long-term debt

d. sales

4. Which financial statement reports dividends declared by the board of directors for shareholders?

a. Balance Sheet

b. Income Statement

c. Statement of Stockholder Equity

d. Statement of Cash Flows

5. When acquiring a business, the buyer should:

a. conduct a self-analysis of skills, abilities, and interests.

b. prepare a list of potential candidates.

c. investigate potential candidates and carefully evaluate them.

d. All of the above