Advertising slogans are not protected by Copyright law because:

they fall under the jurisdiction of Trademark law

Who decides the amount & frequency of stock dividends?

the company's board of directors

only 30 companies, most of which are household names, well-known corporations with a large market capitalization

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

measures decreasing comptitivness protects domestic industry

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

avoid a job where salary is determined 100% by commission

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

are the elements that comprise owners' equity

Which of the following tasks would Microsoft Excel most likely be used?

to analyze numerical sales data

Why do companies split stock?

to decrease the price & stimulate trading

a combination of slow economic growth & high inflation

Value stocks, index funds and mutual funds are all tied to the stock market and are

more volatile & risky than U.S. Treasury bonds

organization of oil-producing countries that regulates price

By raising interest rates, the Federal Reserve can:

increase the cost of borrowing money

Employing someone under 18 in a job deemed hazardous:

violates federal child labor regulations

Select the best use for Excel.

storing and analyzing numerical & categorical data

Which of the following are characteristics of slow economic growth?

higher energy costs, stagflation, little or none of the wage&job increases that create demand

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

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

What is the par value of a bond?

value of the bond when it is issued & matures

Trademark law protects:

a phrase that is associated with a particular product

In marketing, the demand for a product is directly influenced by:

Both the customer's desire for a product & ability to obtain

An employee becoming injured because an employer didn't provide equipment in good working order

is a violation of the Occupational Safety & Health Act

When manually proofreading documents, the correct way to eliminate text is to:

draw a horizontal line through it with a loop at the end

military alliance among North American & European countries

A Wide Area Network (WAN):

is a network that covers an extremely large area

When one enters into an agreement with a company to use the company's business model:

it is referred to as a franchise agreement

A command economy is characterized by:

the government controlling prices and production

The World Trade Organization (WTO):

deals with claims of unfair protectionism of countries

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Business Education 9-12

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

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Questions 111

Answers

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

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