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Certified Associate Business Analyst Questions 146–150 (page: 31)

Updated On: 9-Feb-2026

A listing of the assets, liability, and equity accounts is a:

  1. Profit and Loss Statement
  2. Gap Analysis
  3. Balance Sheet
  4. Projection

Answer(s): C



An Income Statement is a:

  1. Summary presentation of revenues less the expenses
  2. Expected minimum return on internally invested capital
  3. Verifiable assumptions about the future based on history and trend data

Answer(s): A



____________ clearly expands the Vision Statement into positive statements of desired outcomes.

  1. Goals
  2. Objectives
  3. Strategies
  4. Mission

Answer(s): D



The systematic write-off of an asset over its useful life or some other predefined period is called:

  1. Gap Analysis
  2. ROA
  3. ROI
  4. Cash Flow
  5. Amortization and Depreciation

Answer(s): E



The term used to describe the extent to which an organization is willing to take risks is:

  1. Risk Mitigation
  2. Risk Assessment
  3. Risk Appetite
  4. Risk Response

Answer(s): C



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