MBA MFT FINAL EXAM 2026 QUESTIONS
WITH ANSWERS GRADED A+ COMPLETE
SOLUTIONS
●● A quick ratio of one means.
Answer: The most liquid assets of a business or equal to its total deaths
in the business will just manage to repay all his debts by using its cash,
marketable securities, and accounts receivable.
●● A quick ratio of more than one means.
Answer: Indicates that the most liquid assets of a business exceed its
total debts.
●● Action centered leader ship.
Answer: Represents three key balanced activities achieving the task
building and maintaining the team and developing the individual
●● Activity-based costing (ABC).
Answer: An accounting system that recognizes a business firms
relationship between costs, activities, and products, and through this
relationship assigns indirect costs to products less arbitrarily than
traditional methods
, ●● Actual Cash Value.
Answer: replacement cost - depreciation
●● A quick ratio of less than one means.
Answer: Indicates that a business would not be able to repay all its debts
by using its most liquid assets
●● Economic Entity.
Answer: the recorded activities of a business entity should be kept
separate from the recorded activities of its owner(s) and any other
business entities.
●● Going Concern Assumption.
Answer: financial statements are prepared with the expectation that a
business will remain in operation indefinitely
●● Monetary Unit Assumption.
Answer: requires that only those things that can be expressed in money
are included in the accounting records
●● Periodicity Assumption.
Answer: an organization can report its financial results within certain
designated periods of time.
WITH ANSWERS GRADED A+ COMPLETE
SOLUTIONS
●● A quick ratio of one means.
Answer: The most liquid assets of a business or equal to its total deaths
in the business will just manage to repay all his debts by using its cash,
marketable securities, and accounts receivable.
●● A quick ratio of more than one means.
Answer: Indicates that the most liquid assets of a business exceed its
total debts.
●● Action centered leader ship.
Answer: Represents three key balanced activities achieving the task
building and maintaining the team and developing the individual
●● Activity-based costing (ABC).
Answer: An accounting system that recognizes a business firms
relationship between costs, activities, and products, and through this
relationship assigns indirect costs to products less arbitrarily than
traditional methods
, ●● Actual Cash Value.
Answer: replacement cost - depreciation
●● A quick ratio of less than one means.
Answer: Indicates that a business would not be able to repay all its debts
by using its most liquid assets
●● Economic Entity.
Answer: the recorded activities of a business entity should be kept
separate from the recorded activities of its owner(s) and any other
business entities.
●● Going Concern Assumption.
Answer: financial statements are prepared with the expectation that a
business will remain in operation indefinitely
●● Monetary Unit Assumption.
Answer: requires that only those things that can be expressed in money
are included in the accounting records
●● Periodicity Assumption.
Answer: an organization can report its financial results within certain
designated periods of time.
