| A | B |
|---|
| Networking is not a good way to find out about a particular career you are interested in. | False |
| There are many opportunities to work with not-for-profit organizations as an accountant. | True |
| Entrepreneurs seek opportunities that other people do not seem to care about. | True |
| Manufacturers make products and sell them while service businesses buy products and sell them. | False |
| Entrepreneurs do not get to choose the people they work with. | False |
| The United States’ economy is referred to as a private enterprise system | False |
| Accounting involves only adding and subtracting numbers. | False |
| People with an indirect interest in a business would use reports based on GAAP. | True |
| Assessing your interests, skills, and personality traits will help you to determine a career path. | True |
| Not-for-profit businesses operate for reasons other than to earn a profit, such as to protect the environment. | True |
| Large companies, such as General Motors, do not need accountants to assist in running the business. | False |
| The period of time covered by an accounting report is the accounting period. | True |
| A majority of businesses in the United States are for-profit businesses. | True |
| Financial accounting prepares reports for people directly involved in day-to-day operations | False |
| Laptop computers and modems connect accountants to their work as they travel to other cities and countries. | True |
| A sole proprietorship is the most difficult business to start. | False |
| Managerial accounting helps determine whether business results match the business plan. | False |
| Each person in a business organization has a different role. | True |
| A Certified Public Accountant, or CPA, must pass a national test, but no specific experience is necessary to become certified. | False |
| An accountant only tracks the expenses of a business to make sure the business stays within a budget. | False |
| Your lifestyle is the way you use your time, energy, and resources. | True |
| Managerial accounting focuses on reports based on GAAP. | False |
| To be an entrepreneur you have to work long hours and be a self starter. | True |
| Values are activities you do well. | False |
