1) Macroeconomics is the field deals with the small-scale activities such as that of the individual or company. a) True b) False 2) Macroeconomic issues include a) Economic growth b) Recessions c) Unemployment - employment d) Inflation e) Balance of trade f) Marginal costs and marginal benefits 3) Economic growth is same as economic development a) True b) False 4) Measures of Economic Performance include a) Quality of Life b) Education c) Exchange Rate d) Growth (GDP) e) Environment f) Demand and supply 5) The 3 key reports of Financial Accounting are a) The Income Statement b) Balance Sheet c) Cash-flow statement d) Management Account 6) Working capital is a measure of both a company's efficiency and its shortterm financial health a) True b) False 7) The working capital cycle is the amount of time it takes to turn the net current assets and current liabilities into cash a) True b) False 8) There are three components in cash flow a) operating activities b) financing activities c) investing activities d) planning activities

Quiz - Economic

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