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