Question 1

Financial policies include:

Question 1 options:

	Revenue collection
	Cash control
	Check sign-off
	All of the above

Question 2

A quick way to distinguish between a for-profit and nonprofit entity is to look at their:

Question 2 options:

	Financial policies
	Mission statement
	Board members
	Break room

Question 3

Recording revenue when earned and expenses when incurred is what method of accounting?

Question 3 options:

	Cash
	Accrual
	Hybrid
	None of the above

Question 4

The GAAP concept requiring revenue to be aligned with the related expenses in the same time period.

Question 4 options:

	Monetary unit
	Matching
	Consistency
	Materiality