Protectionism helps ensure that domestic jobs will be retained in the short term. Implementing

measures decreasing comptitivness protects domestic industry

Working w/ a social studies teacher to teach students about work customs in other countries

is an activity that can be used to teach about diversity, can also be used with a reading & discussion lesson, can teach about laws & regulations that protect people, can help teach about legal rights & responsibilities

Slowing economic growth and the price inflation that results from increased demand may result

if the U.S. Federal reserve predicts inflation

Which sentence clearly and correctly states the desired qualification?

The employee will have excellent writing skills.

According to the Copyright Act of 1976, which of the following ARE protected?

architectural drawings, poetry, and scripts for plays

A Wide Area Network (WAN):

is a network that covers an extremely large area

Select the best definition for "buyer's market."

a market in which product availability exceeds demand

Select the best use for Excel.

storing and analyzing numerical & categorical data

If you prepared and studied for the exam, you are

prepared, confident and will pass this test! :)

The Occupational Safety and Health Act

If an employee is NOT a good salesperson and is not persuasive, they should:

avoid a job where salary is determined 100% by commission

Peoplesoft is used...

primary by human resources professionals

If one's main objective is to protect the principle rather than earning high returns:

U.S. Treasurey bonds are a suitable option

Trademark law protects:

a phrase that is associated with a particular product

Why are a username and password required?

to maintain confidentiality and security, to prevent unauthorized individuals from accessing data

North American Free Trade Agreement

The amount of the owners' initial investment in the business and the owners' unclaimed profits

are the elements that comprise owners' equity

Search engine optimization (SEO):

is a marketing tactic that increases traffic to a website

How is the P/E ratio calculated?

by dividing the share price by the company's EPS

gross domestic product and measures total economic output

What information will the bank require before they issue a loan?

an assessment of the person's financial situation

For a $200,000 mortgage, which has the lowest monthly payment?

30-year fixed-rate mortgage at 6%

One's credit score is not considered when opening a bank account because the account holder...

is depositing money rather than borrowing it

A government raises import taxes on electronics, then the goal is probably to

protect its domestic consumer electronics industry

What is the par value of a bond?

value of the bond when it is issued & matures

Designing a website to maximize its placement in search engine results for particular keywords

is referred to as search engine optimization (SEO)

The Smith's family mortgage is $50,000 at 6%. Their credit card debt is $30,000 at 13%.

The cc should be paid off first since the interest is higher

A landscaping company sends Ann a bill for the service that is due one month later. It is a(n)

account in "account receivable" status until the due date

If a country is a net exporter, this means that

the value of goods it exports exceeds the value imported, they have positive trade balances

Which example involves active coordination between teachers in two different subject areas?

a bus. ed. teacher & math teacher coordinate lesson plans

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FTCE Business Education 6-12

111 termsStudBud Administration172 plays

Florida FTCE Business Certification 6-12 test preparation for Florida teachers

Flashcards111 cardsFPractice quizPHost liveL

Questions 111

Answers

1
A corporation is...
cannot be sued land cannot sue another entity
may avoid paying federal taxes
owned by shareholders
always a non-profit organization
2
Protectionism helps ensure that domestic jobs will be retained in the short term. Implementing
prevents corruption
measures decreasing comptitivness protects domestic industry
leads to political & economic instability
improves global competitiveness
3
Which of the following is NOT a type of computer software?
Quicken, Peoplesoft, Microsoft Office
PowerPoint
Excel
monitor, mouse, keyboard
4
Working w/ a social studies teacher to teach students about work customs in other countries
is an activity that can be used to teach about diversity
can also be used with a reading & discussion lesson
can teach about laws & regulations that protect people
can help teach about legal rights & responsibilities
5
Unclaimed profits are also called:
invisible assets
liabilities
retained earnings
risk factors
6
Slowing economic growth and the price inflation that results from increased demand may result
in decreasing bond yields
lowering the P/E ratio of a stock
will keep the exchange rate between the Dollar & Euro steady
if the U.S. Federal reserve predicts inflation
7
Which of the following countries would be considered an emerging market?
Japan
India
the United States
Canada
8
Countries with a comparatively low GDP per capita are considered to be:
communist
among the wealthiest in the world
touristy
developing countries
9
Which sentence clearly and correctly states the desired qualification?
The employee will communicate orally and in writing well
The employee will have excellent writing skills.
The employees oral communication skills will be excellent.
The employee, will have excellent oral communication skills
10
One reason American companies choose to manufacture products overseas in developing countries
higher-quality production
effective legal systems
smarter workers
lower labor costs
11
According to the Copyright Act of 1976, which of the following ARE protected?
things protected by Trademark law
advertising slogans
things protected by Patent law
architectural drawings, poetry, and scripts for plays
12
Several scandals brought down major corporations in 2002. Consequently, the_____ resulted
FDR's New Deal
Declaration of Independence
Sarbanes-Oxley Act of 2002
Equal Employment Opportunity Commission (EEOC)
13
Which of the following types of assets would NOT be subject to depreciation?
office equipment
Real estate
machinery
company vehicles
14
A Wide Area Network (WAN):
is equivalent to a LAN
faster than LANs
only covers a small area such as an office or school
is a network that covers an extremely large area
15
Select the best definition for "buyer's market."
a non-profit organization
a market in which product availability exceeds demand
a charity that provides free food
a market in which demand exceeds product availability
16
Which of the following countries is considered to be an economically stable country?
Indonesia
Haiti
India
Great Britain
17
Opportunities for home ownership was a result of:
the Equal Employment Opportunity Commission
Freddie Mac set up in 1970
the Sarbanes-Oxley Act of 2002
the Federal Trade Commission
18
Select the best use for Excel.
to spell-check words in a document
accept inbound calls at a call centre
to present photos & text in a slide-format presentation
storing and analyzing numerical & categorical data
19
If you prepared and studied for the exam, you are
unprepared
prepared, confident and will pass this test! :)
guessing on the exam
uneducated
20
"The employee,will have excellent communication skills" is considered to be incorrect because
communication is misspelled
an adverb is required
it is not essential in the business world
the comma is unnecessary
21
What is OSHA?
Only Secretaries have Administrative Power
Oil Sino-Health Administration
The Occupational Safety and Health Act
Occupational Students Helping Accountants
22
If an employee is NOT a good salesperson and is not persuasive, they should:
falsify information on their resume
avoid a job where salary is determined 100% by commission
accept a job where salary is determined 100% by commission
stay home, do nothing and file for welfare
23
Peoplesoft is used...
primary by human resources professionals
to counteract an overdose of Viagra
to type letters and other documents
used by public schools to keep track of students' grades
24
One's debt repayment history will directly affect:
one's education level
one's ability to speak a foreign language
one's interviewing skills
a consumer's credit score
25
If one's main objective is to protect the principle rather than earning high returns:
index funds are the best option
junk bonds are a viable option
falue stocks and mutual funds are ideal
U.S. Treasurey bonds are a suitable option
26
Trademark law protects:
creative work
inventions
a phrase that is associated with a particular product
homeowners from paying high interest on mortgages
27
Why are a username and password required?
to prevent hackers from introducing viruses
to maintain confidentiality and security
to distribute information publicly
to prevent unauthorized individuals from accessing data
28
Which of the following may an individual taxpayer itemize and deduct on a federal tax return?
interest paid on a mortgage
groceries
29
Fax machines are not necessarily needed because nowadays documents can be:
scanned and sent via email
sent via mental telepathy
translated into various languages
shredded in a document shredder
30
NAFTA refers to the:
North American Free Trade Agreement
Norway-American Federal Tax Agency
Nice Assets Frequently Test Attractiveness
Net Accumulated Free Tax Act
31
The amount of the owners' initial investment in the business and the owners' unclaimed profits
are the elements that comprise owners' equity
are protected under Copyright law
always equal to the personal net worth of the owners
are protected under Trademark law
32
Search engine optimization (SEO):
helps Freddie Mac lower interest rates
was determined to be illegal under the Sarbanes-Oxley Act
connects a fax machine to a landline phone connection
is a marketing tactic that increases traffic to a website
33
How is the P/E ratio calculated?
price multiplied by sales tax
multiply sales by losses
by dividing the share price by the company's EPS
calculate using the highest tax rate
34
GDP stands for:
gross domestic product and measures wage levels
great depression pricing and measures consumerism
gross domestic product and measures total economic output
gross domestic product and measures education levels
35
What information will the bank require before they issue a loan?
a list of supplies
an assessment of the person's financial situation
a list of potential customers
the location of the proposed business
36
For a $200,000 mortgage, which has the lowest monthly payment?
a 30-year fixed rate mortgage at 22%
a 15-year fixed rate mortgage of 7%
a 15-year fixed-rate mortgage at 10%
30-year fixed-rate mortgage at 6%
37
One's credit score is not considered when opening a bank account because the account holder...
is depositing money rather than borrowing it
is legally protected by Freddie Mac
federal income taxes are deducted from their paychecks
pays a premium for car insurance that earns interest
38
True or False: A corporation's share holders are personally liable if the corporation fails.
False
True
39
Select the best meaning for the acronym EPS.
excise profit sales
examine profits before selling
earnings per share
eat pizza & salad
40
A government raises import taxes on electronics, then the goal is probably to
protect its domestic consumer electronics industry
decrease the cost of imported electronics
discourage foreign companies from producing electronics
increase competition & lower prices
41
What is the par value of a bond?
rate at which it depreciates & accumulates negative equity
value of the bond when it is issued & matures
amount of time until the bond matures
amount of interest that the bond pays
42
Select the best meaning for the acronym LLC.
Luxemburg-Lima Corporation
Least Likely Cost
Line Location Cost
Limited Liability Corporation
43
Designing a website to maximize its placement in search engine results for particular keywords
is a form of bait & switch advertising
allows for itemization on federal tax forms
improves the visual aesthetic of a search engine
is referred to as search engine optimization (SEO)
44
Which of the following is an international humanitarian organization?
WTO
the Red Cross
OPEC
NAFTA
45
The Smith's family mortgage is $50,000 at 6%. Their credit card debt is $30,000 at 13%.
The mortgage should be paid off first since it is manageable
The family should purposely become delinquent and not pay.
The cc should be paid off first since the interest is higher
The family should buy risky stocks and hope for a big return
46
The Internet is an example of a:
type of computer software
Freddie Mac program
LAN
WAN
47
A landscaping company sends Ann a bill for the service that is due one month later. It is a(n)
account in "account receivable" status until the due date
account payable
account in delinquent status
protected copyright
48
If a country is a net exporter, this means that
the value of goods it exports exceeds the value imported
net exporters are in debt
net exporters do not import goods
they have positive trade balances
49
Peoplesoft is used by:
scientists
engineers
human resources professionals
accountants
50
Which example involves active coordination between teachers in two different subject areas?
students learn how to create PowerPoint presentations
a bus. ed. teacher & math teacher coordinate lesson plans
students learn to balance checkbooks
students write cover letters and resumes
51
Youths aged 16 and 17 may work in any job that:
is not hazardous
requires a college degree
pays below the federal minimum wage
is deemed hazardous as long as parental consent is written
52
Which of the following is NOT a part of Maslow's hierarchy of needs?
supply and demand
Self-actulaization
safety
self esteem
53
When manually proofreading documents, the correct way to eliminate text is to:
draw a diagonal line through it
use carets
draw a horizontal line through it with a loop at the end
scribble over it as messily as possible
54
Developing a business plan comprehensively & directly measures & reinforces students' knowledge
not useful in marketing
less effective than creating & marketing a new invention
about small businesses and is the most effective option
inferior to implementing a community service project
55
The World Trade Organization (WTO):
deals with claims of unfair protectionism of countries
provides free healthcare worldwide
charges 7% sales tax on goods and services
is a military alliance among several countries
56
Which two countries are considered to be developing countries?
Norway and Sweden
France and Germany
Australia and Canada
China and India
57
Which is a potential cause of oil price increases?
insufficient refinery capacity
speculation in the oil market
increased global demand for oil
all of the answers
58
Which of the following types of computer software is used by small businesses for accounting?
PowerPoint
Quicken
the Intranet
Microsoft Office
59
Carets are used to:
eaten by rabbits and left for santa's reindeer
good in vitamin A & D
to indicate that a section of text should be removed
indicate that something should be inserted into the text
60
What are the four most important contents of a resume?
name & phone#, objective, educational attained, work history
relevant work experience, asking salary, objective, weight
references, educational level, salary requirements, hobbies
grade point average, contact information, criminal history
61
Price inflation results from:
increased demand
low interest rates
interest rates being kept the same
economic prosperity
62
Employing someone under 18 in a job deemed hazardous:
pays above minimum wage
is illegal pursuant to Freddie Mac
must comply with sales tax laws
violates federal child labor regulations
63
What happens when there is a 2-1 stock split?
the shares get doubled and the price is reduced by half
it slows economic growth
it is a bait & switch tactic
nothing, it is fancy terminology that confuses investors
64
Mining and manufacturing are jobs that:
are legally allowed to pay below the federal minimum wage
are more fun than delivering newspapers & babysitting
are suitable for youths aged 16 and 17
are deemed hazardous
65
Mortgage interest, losses from theft, and charitable donations are all:
subject to 7% local sales tax
calculated at the FOREX exchange rate
considered to be forms of welfare fraud
tax deductible under certain circumstances
66
Interactive exercises and computer-bass simulations are usually thought to be:
ineffective ways to accurately measure learning
used only with gifted students
superior & more effective than traditional lecture approach
boring and time consuming
67
Emerging markets exist only in countries that are in the process of:
providing universal healthcare
rapidly industralizing
electing new political leaders
declaring war
68
Advertising slogans fall under the jurisdiction of:
Trademark law
Patent law
Common law
Copyright law
69
Giving a test that advises students about what careers might fit their interests and talents:
is less valuable than an internship
is a waste of time
is more valuable than an internship
is a way to help students to identify potential careers
70
$2,000 gross pay, 14% is taken for taxes. How much is taken for taxes?
$900.75
$104.36
$37.25
$280.00
71
Which of the following are characteristics of slow economic growth?
stagflation
lower energy costs
little or none of the wage&job increases that create demand
higher energy costs
72
Companies may voluntarily offer ________to make their stock more attractive.
capital gains taxes
stock dividends
taxable income
health insurance
73
In marketing, the demand for a product is directly influenced by:
a 30-day warranty
customers' ability to obtain a product
customers' desire for a product
Both the customer's desire for a product & ability to obtain
74
Select the best definition for depreciation.
to increase in value
to make a profit
to decrease in value
to gain interest
75
Which rating is considered to be the least risky for investors?
BBB
AAA
BB
AA
76
Why do companies split stock?
to encourage consumers to declare bankruptcy
to avoid paying capital gains taxes
to decrease the price & stimulate trading
to pay down debt
77
NATO is a:
humanitarian organization
military alliance among North American & European countries
trade organization that investigates corruption
coalition of oil-producing countries
78
True or False: Stocks are historically risker than bonds or cash.
True
false
79
Labor regulations are less stringent in:
Canada
Great Britain
the United States
Indonesia
80
Which of the following is NOT part of NAFTA?
China
Mexico
Canada
United States
81
The closer the P/E ratio is to zero,
the stock is considered a low risk & is worthless
the cheaper the stock is in relation to the amount of $
the more expensive the stock is in relation to $ earned
the stock will be more expensive
82
What is stagflation?
a legal problem associated with violation of Copyright law
when bond yields are decreased
low interest rates & zero debt
a combination of slow economic growth & high inflation
83
An employee becoming injured because an employer didn't provide equipment in good working order
may contact Freddie Mac for legal advice
deemed illegal pursuant to the Sarbanes-Oxley Act
is a violation of the Occupational Safety & Health Act
is a job that is required to pay more than minimum wage
84
The exchange rate between the Euro "E" & the U.S. Dollar "$" is $2.5 to E1, find $ to E1580.00
$45,000.00
$3,950.00
$395.00
$692.00
85
Accounts receivable are current assets and are also know as:
debts
risk factors
liabilities
short-term assets
86
By raising interest rates, the Federal Reserve can:
lower taxes
print more money
impose a 100% laissez-faire system
increase the cost of borrowing money
87
Advertising slogans are not protected by Copyright law because:
they are considered to be part of the public domain
they fall under the jurisdiction of Trademark law
they are protected under Freddie Mac
the Copyright Act wasn't enforced until 1976
88
If the U.S. FederalReserve concludes there is a significant risk of inflation, it will probably
stop trading with other countries
raise interest rates
lower interest rates
print more money
89
Who decides the amount & frequency of stock dividends?
the Federal Reserve
shareholders at large
Freddie Mac
the company's board of directors
90
Economic theory states that countries with a comparative advantage in producing a product
export another product & import cotton or wool
should produce& export that product & use the $ to import
implement tariffs to protect their cotton industry
reduce their comparative advantage
91
Value stocks, index funds and mutual funds are all tied to the stock market and are
more volatile & risky than U.S. Treasury bonds
riskier than junk bonds
are not subjected to federal taxes
can be traded with or without a licensed broker
92
OPEC is an acronym for:
Offering Peace Extending Proclamations
Organization of Petroleum Exporting Countries
Old People Eat Corn
Oil Prices Exceed Consumption
93
OPEC is a(n):
organization of oil-producing countries that regulates price
organization that investigates welfare fraud
international humanitarian organization
military alliance among several countries
94
Which allows for text and pictures to be presented in a slide-format presentation?
Esembler
Peoplesoft
Quickbooks
PowerPoint
95
The Sarbanes-Oxley Act of 2002:
deregulated public utilities
reduced the financial reporting obligations of corporations
was intended to fight corporate & accounting fraud
reduced tariffs on trade among North American countries
96
In order to start an online business, all of the following are needed EXCEPT:
an email address
a fax machine
a website
a business model
97
Which of the following is NOT a responsibility of the Securities & Exchange Commission (SEC)?
investigating insider trading
setting interest rates
regulating securities
processing applications for initial public offerings (IPSs)
98
LANs usually have faster data transfer speeds than WANs and are:
slower than WANs
a violation of OSHA
anti-pollution measures outlined by legislation
local area networks that cover smaller areas
99
In order to present a business plan to potential investors, one would most likely use:
VHS equipment
Excel
Powerpoint
Quickbooks
100
Which of the following is used for accounting?
Esembler
Quickbooks
VHS video equipment
Peoplesoft
101
Which is a DIRECT FACTOR in credit score calculations?
marital status
ability to speak a foreign language
employment history
debt repayment history
102
The Federal Reserve is responsible for:
issuing drivers licenses
all of the answers
determining the prices of college tuition
setting interest rates
103
The Dow lists:
small technology companies
well-known corporations with a large market capitalization
foreign companies that export products to the USA
only 30 companies, most of which are household names
104
Which law protects creative work?
copyright law
Common law
trademark law
Administrative law
105
If a student states they do NOT enjoy working with people, which career should they consider?
none of the answers listed
insurance sales
teaching
Real estate agent
106
Because of the instability of commodity prices & disproportionate reliance on commodity exports
are among the wealthiest in the world
are located in Northern & Western Europe
known for their superior infrastructure &political stability
developing countries are poorer & lack social services
107
What is 4% of $2,000.00?
$163.75
cannot be determined
$95.00
$80.00
108
A command economy is characterized by:
a laissez-faire approach by government leaders
some government intervention in the economy
the government controlling prices and production
businesses commanding all aspects of the economy
109
When one enters into an agreement with a company to use the company's business model:
they are exempt from paying federal income taxes
they must have obtained an MBA from an accredited university
it is referred to as a franchise agreement
FOREX exchange rates are doubled
110
When supply exceeds demand, the prices paid by buyers
are subject to 7% sales tax
decrease
are tax deductible
increase
111
Which of the following tasks would Microsoft Excel most likely be used?
create a sales presentation
develop a strategic business plan
to analyze numerical sales data
file invoices

FTCE Business Education 6-12 Flashcards | StudBud