ACCOUNTING AND FINANCE EXAM WITH
COMPLETE QUESTIONS AND ANSWERS [
GRADED A +]
small business - ✔✔A business employing less than 20 people
manufacturing business - ✔✔A type of business that converts raw material like
wood, clay or cloth into finished products like toys, coffee mugs or dresses
Trading business - ✔✔A business that buys and sells inventory
Types of trading businesses - ✔✔Retailer and Wholesaler
Retailer - ✔✔A business that sells inventory to the public
©morren 2025/2026. Year published 2026.
, Wholesaler - ✔✔A business that purchases inventory from a manufacturer and
sells this inventory to a retailer
service business - ✔✔provides a service for a fee
Aim of a business - ✔✔To make profit
Resource conservation - ✔✔Turn off light when an office is not being used
Cut down on the amount of paper used in the office
Recycle toner printer cartridges
Use the stairs instead of the lift when travelling to and from the office
Use public transport when travelling to and from the business workplace or
carpool
Ways to contribute to the community - ✔✔Resource conservation
Support of community causes
©morren 2025/2026. Year published 2026.
COMPLETE QUESTIONS AND ANSWERS [
GRADED A +]
small business - ✔✔A business employing less than 20 people
manufacturing business - ✔✔A type of business that converts raw material like
wood, clay or cloth into finished products like toys, coffee mugs or dresses
Trading business - ✔✔A business that buys and sells inventory
Types of trading businesses - ✔✔Retailer and Wholesaler
Retailer - ✔✔A business that sells inventory to the public
©morren 2025/2026. Year published 2026.
, Wholesaler - ✔✔A business that purchases inventory from a manufacturer and
sells this inventory to a retailer
service business - ✔✔provides a service for a fee
Aim of a business - ✔✔To make profit
Resource conservation - ✔✔Turn off light when an office is not being used
Cut down on the amount of paper used in the office
Recycle toner printer cartridges
Use the stairs instead of the lift when travelling to and from the office
Use public transport when travelling to and from the business workplace or
carpool
Ways to contribute to the community - ✔✔Resource conservation
Support of community causes
©morren 2025/2026. Year published 2026.
