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Business Content Praxis 5101 Flashcards | StudBud
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Business Content Praxis 5101
Business Content Praxis 5101
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1
A human resources manager is likely to be responsible for all but which of the following:
Training
Payroll
Hiring
Sales
2
At a meeting with shareholders, an executive visual aids to present a report on monthly stock gains and losses over per
Bar chart
Pie Chart
Line Graph
Scatterplot
3
An individual who is about to retire and wants to earn interest without risking his or her principal would most likely
U.S. Treasury Bonds
Value Stocks
A Mutual Fund
An Index Fund
4
What are Accounts Payable?
Phone Bills
Payments owed to a business
•Outstanding bills that need to be paid
5
On the Internet, links are used in all but which of the following ways?
They allow Internet users to open additional windows that explain a webpag
They are used for marketing purposes, to entice Internet users to navigate
They direct Internet users to other websites that have additional relevant
They allow computer users to open software programs on their PC
6
Technological aids can be used to directly fulfill all but which of the following human resources functions:
Assessing a new employee’s job readiness
Resolving disputes between employees and management
Soliciting resumes for open positions
Communicating information about employee benefits
7
Which of the following lists contains only types of computer software?
Internet, Microsoft Office, Quicken
Quicken, Peoplesoft, Microsoft Office
Monitor, Mouse, Keyboard
. Motherboard, Quicken, Excel
8
What is Joint Venture
Businesses works together to make fishes great again.
Too busiiness joen todeter inn an vantur
One business sets up another business to make more profit.
Businesses works together and sets up another business.
9
Which of the following would be a violation of the Occupational Safety and Health Act (OSHA)?
An employee becoming injured while commuting to work
An employer requiring employees to work with toxic chemicals
An employer failing to accompany an OSHA compliance officer on an inspect
An employee becoming injured because an employer did not provide equipment
10
The following steps might a company take in order to prevent unauthorized individuals from accessing confident data.
Both A and B
Neither A nor B
Requiring a username and password to access its computer system
Constructing a firewall to protect its computer system
11
What are Accounts Payable?
money owed to the business
debts of the business
the owner's investment
the assets of the business
12
Adam Smith is best known for:
Arguing for free market economics
Supporting the spread of communism
Arguing that the government should redistribute income
Founding the doctrine of mercantilism
13
When designing a website for an online business, the web developer would include a site map in order to:
Give website users directions to the business
Provide website users with a list of links to all of the pages on the websi
Help website users decide which products to buy from the website
Convince website users that it is safe to purchase products from the websi
14
A consumer’s credit score is directly influenced by which of the following factors?
Employment history over the last five years
Marital status
Income level
Debt repayment history
15
A command economy (Planned Economy) is characterized by:
A laissez-faire approach by the government
A moderate amount of government intervention in the economy
The government controlling prices and production
Businesses commanding all aspects of the economy
16
The following are each sentences from a job description. Select the sentence that clearly and correctly communicates its
The employee will have excellent writing skills.
The employees oral communication skills will be excellent
The employee will communicate orally and in writing well
The employee, will have excellent oral communication skills.
17
Fayol’s Administrative Theory of Management, which correct list of the five essential functions of management.
Controlling, composing, planning, organizing, implementing
Composing, coordinating, controlling, planning, organizing
Containing, controlling, implementing, planning, organizing
Controlling, commanding, coordinating, planning, organizing
18
What is the normal balance of Notes Payable?
Debit
Credit
19
In order to present a business plan to a group of potential investors, a businessperson would likely use which software.
Powerpoint
Peoplesoft
Excel
Quickbooks
20
Which of the following would violate federal child labor regulations?
Employing anyone under 18 as a babysitter
Employing someone under 18 in a job deemed hazardous
Hiring your own child to work in your small business if the child is under
Employing someone under 14 as a newspaper carrier
21
what is a trade surplus?
imports and exports are equal
a country imports more than it exports
reduces a companies GDP
country exports more than it imports
22
Microsoft Excel would most likely be used for which of the following tasks?
Developing a strategic plan
Analyzing numerical sales data
Filing invoices
Creating a sales presentation
23
Businesses can increase the security of confidential customer information by:
Installing a firewall and virus protection software for computer systems
Conducting employee background checks
Destroying paper records of credit card information
All of the above
24
A successful manager will be able to effectively delegate:
Ability
Responsibility
Authority
Accountability
25
What is a chart of accounts?
List of debits in a business
List of credits in a business
List of accounts used in everyday life
List of accounts used by a business
26
What is the normal balance of Salaries Payable?
Credit
Debit
27
A market in which product availability exceeds demand is called a:
Black Market
Free market
Buyer's Market
Seller’s market
28
Accounts Payable is classified as this type of account.
Asset
Liability
Owner's Equity
29
A homeowner is attempting to choose between several mortgage loans for a $200,000 home. Lowest monthly payment.
A 15-year fixed rate mortgage at 12%
A 30-year fixed rate mortgage at 12%
A 15-year fixed rate mortgage at 7%
A 30-year fixed rate mortgage at 6%
30
The Sarbanes-Oxley Act of 2002:
Deregulated public utilities
Was intended to fight corporate and accounting fraud
Vastly reduced the financial reporting obligations that corporations face
Reduced tariffs on trade among North American countries
31
Which of the following countries is not part of NAFTA
United States
Mexico
China
Canada
32
If a government implements an import tariff on consumer electronics, what is it most likely trying to accomplish?
It is trying to protect its domestic consumer electronics industry from co
It is trying to increase competition and lower prices in the consumer elec
It is trying to discourage domestic companies from producing consumer elec
It is trying to decrease the cost of imported consumer electronics
33
International community primarily rely to deal with claims of unfair protectionism by one country against another.
International Red Cross (IRC)
World Trade Organization (WTO)
Organization of Petroleum Exporting Countries (OPEC)
North Atlantic Treaty Organization (NATO)
34
A consumer’s credit score may be factor in all but which of the following transactions?
Buying a Home
Buying a car
Opening a bank account
Getting a Personal Loan
35
When researching a presentation about a national shipping business, the most detailed and comprehensive source of infor
LexisNexis.com
Hoovers.com
The catalogue at your local library
Microfilm records from local newspapers
36
The Equal Employment Opportunity Commission (EEOC) is responsible for enforcing all but which of the following laws?
Civil Rights Act of 1964
Environmental Protection Act
Americans with Disabilities Act
Equal Pay Act
37
When itemizing deductions on a federal tax return, an individual taxpayer may be able to deduct all but which of the fol
Charitable Donation
Losses from theft
Groceries
Interest paid on a mortgage
38
Which of the following is not true of stock dividends?
They are offered voluntarily by companies in order to make their stock more
Their amount and frequency are determined directly by shareholders at large
They may be discontinued or reduced at any time
They are usually taxable
39
An advantage of protectionism for countries that implement it is that it:
Prevents corruption
Ensures that domestic jobs will be retained in the short term
Improves the country’s global competitiveness
Encourages economic growth
40
The par value of a bond is the:
Average interest rate paid by a given type of bond over subsequent issues
Amount of interest that the bond pays
Amount paid when the bond matures
Amount of time until the bond matures
41
The biggest factor that leads American companys to manufacture their products overseas developing country China & India
Lower labor costs
Effective legal systems
Higher quality of craftsmanship
Decreased transportation costs
42
The normal balance side of Accounts Payable is?
Credit
Debit
43
Accounts receivable are:
Fixed assets
Current assets
Current liabilities
Fixed liabilities
44
Which of the following is not a part of Maslow’s hierarchy of needs?
Self-actualization
Supply and Demand
Esteem
Safety
45
Which of the following are not protected by copyright law?
Scripts for plays
Books of poetry
Architectural drawings
Advertising slogans
46
Which of the following is true of a corporation?
Its shareholders are personally liable if it fails
Its board of directors is personally liable if it fails
It is always owned by shareholders
It cannot sue another entity or be sued
47
Choose the list below that best describes the most important contents of a resume:
Contact information, objective, educational attainment, relevant work exper
Contact information, grade point average, relevant work experience, object
Salary requirements, relevant work experience, educational attainment, obje
References, objective, educational attainment, salary requirements
48
Which of the following questions would it be illegal to ask a job candidate at a pre-employment interview?
Niether A or B
Have you ever requested workers’ compensation benefits?
Do you have any disabilities that would interfere with your ability to per
. Both A and B
49
Useful visual aids that show a variety of data. a circle is formed. Then the circle is divided into different sectors.
Bar Graph
Splatter Graph
Line Graph
Circle Graph
50
According to the National Environmental Policy Act of 1967, a business must prepare an environmental impact statement
Develops a new marketing initiative
Makes a charitable contribution
Builds a New Factory
Hires a new worker
51
What is International Trade
The exchange of goods and services among nations
Trade in which is International
Giving out products to other nations
Purchasing a nation's trade supply
52
Shows how two variables are related to each other. A company can plot the different values of the variables.
Line Graph
Bar Graph
Numeric Graph
Scatter Plots
53
If a country is a net exporter, this means that:
It has high tariffs
. The value of the goods that it exports exceeds the value of the goods tha
The value of the goods that it imports exceeds the value of the goods that
It exports consumer products
54
When manually proofreading a business document for a colleague, which describes the correct way text should be remove
A diagonal line should be drawn through the text from bottom left to top r
A caret should be drawn at the beginning and end of the text
A horizontal line should be drawn through the text with a loop at the righ
An X should be drawn through the text
55
Comprehensive car insurance typically covers:
All of the above
Damage done to the insured’s vehicle by a vandal
Medical expenses others incur as a result of a collision with the insured
Damage the insured does to the property of others while driving the insure
56
Search engine optimization (SEO) is the process of:
Improving the visual aesthetic of a search engine
Improving the visual aesthetic of a search engine
Designing a search engine to operate as efficiently as possible
Designing a website to maximize its placement in search engine results for
57
What is a stockholder?
Works on the Board of Directors
Works in management at a corporation
<div>Decides what price to set dividends at</div>
Owns one or more shares of a corporation
58
If one is planning to start a small business, which should one do first?
Obtain a business loan
Choose a location for one’s business
Fine a Partner
Assess one’s personal financial situation
59
What is Revenue?
Money owed to the business
Money spent on goods and services
Income earned from the sale of goods and services
Money the business owes to its creditors
60
The main function of a human resources department is to:
Prevent lawsuits
Meet the company’s recruiting goals
Maximize employee productivity while minimizing pay
Facilitate communication between the employer and the employees
61
Which of the following constitutes a binding contract?
An agreement signed and dated by one party and one witness
An agreement signed and dated by both parties
An agreement signed and dated by both parties and a witness
An agreement signed by both parties and witnessed by a third party
62
Nations whose economies rely primarily of the export of non-oil commodities like rubber or copper are:
Typically located in Northern and Western Europe
Known for their world class education systems
Often referred to as “developing countries” or “emerging markets”
Usually among the wealthiest countries in the world
63
Which of the following correctly summarizes the accounting equation for a sole proprietorship?
Assets = Liabilities + Owners’ equity
Liabilities = Assets + Owners’ equity
Revenue = Assets – Liabilities
Owner’s equity = Assets + Liabilities
64
A combination of slow economic growth and high inflation is called:
Disinflation
Inflationary pressure
Stagflation
Deflation
65
In marketing, the demand for a product is directly influenced by:
Customers’ desire for a product
Customers’ ability to obtain a product
Both A and B
Availability of a product
66
What are accounts receivable
Money you owe
Money owed to you
67
Which of the following is true of a Wide Area Network (WAN)?
Businesses usually have their own WAN
A WAN is equivalent to a LAN b
The Internet is an example of a WAN
Businesses prefer WANs to LANs because their data transfer speed is higher
68
Shows the connection between information
Scatter Plots
Bar Graph
Line Graph
Excel
69
If a stock has a high P/E ratio, this means that:
The company’s earnings per share are high
The stock’s price is low considering the value of the company’s earnings
The stock pays a high dividend based on its earnings per share
The stock’s price is high considering the value of its earnings per share
70
What is a trade surplus?
when several countries agree to trade with no restrictions
when a country cannot afford to import anything
country’s export value is higher than its import value
too many pigs on Earth
71
Can be used to show data in a way that is clear and easy to understand. The first step is the title.
Scatter plots
Line Graph
Circle Graph
Bar Graph
72
The Accounts Payable account is classified as a _______ account.
Asset
Liability
Owner's Equity
Revenue
73
Which of the following best describes Congress’ purpose in setting up Freddie Mac in 1970?
Expanding opportunities for home ownership
Improving regulation of the Internet
. Deregulating the credit market
Creating a place for small businesses to get loans
74
GDP measures a country’s:
Employment level
Education level
Wage levels
Total economic output
75
A phrase that is associated with a particular product would be protected by which of the following?
Copyright law
Both A and C
Patent law
Trademark law
76
Individual enters in an agreement with a company to use company’s business model within a territory in exchange for fee
Limited liability Corporation
Franchise
Incorporation
Sole proprietorship
77
According to standard economic theories, countries that have a comparative advantage in the production of cotton should
Work hard to reduce their comparative advantage and diversify their economy
Export another product, and import cotton
Export cotton, and import other products
Implement tariffs to protect their domestic cotton industry
78
What are accounts receivable?
money owed to the business
money the business owes
79
WHAT IS AN ACCOUNTS PAYABLE ACCOUNT?
OWNER'S EQUITY
PROFIT
LIABILITY
ASSET
80
Which of the following is not a responsibility of the Securities and Exchange Commission (SEC)?
Investigating insider trading
Processing applications for initial public offerings (IPOs)
Regulating securities
Setting interest rates
81
Better Business Bureau certification is useful for businesses that engage in e-commerce because it:
Protects them from legal action by defrauded consumers
Exempts them from paying state taxes
Reassures customers that the company is reliable
Proves that they are certified by the government
82
Owners’ equity is comprised of:
Both B and C
The personal net worth of the owners plus the amount of their initial inves
The amount of the owners’ initial investment in the business
The owners’ unclaimed profits from the business’ operation
83
In order to start an online business, and individual would need all but which of the following
An Email Address
A fax Machine
A Website
A business model
84
A business education teacher has allotted one class period to help students identify potential career options.
Asking students to write an essay describing their “dream job”
Having each student deliver a five-minute presentation describing their pa
Having students complete an internship
Administering a test that advises students about what careers might fit the
85
If the U.S. Federal Reserve concludes that there is a significant risk of inflation, it will most likely:
Keep Interest Rate the Same
Lower Interest Rate
Decrease Bond Yields
Raise Interest Rate
86
What is the definition of surplus?
To copy from others
Extra supply from farming
Division of Labor
People who buy and sell things
87
Which of the following types of assets would not be subject to depreciation?
Real Estate
Computers
Heavy Equipment
Company Vehicles
88
Which of the following is not typically cited as a potential cause of oil price increases?
Price increases for consumer goods and services in the U.S.
Increased global demand for oil
Speculation in the oil market
Insufficient refinery capacity This
89
Which of the following countries would be considered an emerging market?
Canada
Britian
Japan
India
90
Business careers a teacher safely recommend for a student who would not enjoy working with public on a regular basis.
Financial advisor
None of the above
Real estate agent
Insurance salesperson
91
What is cash?
Owners Equity
Asset
Liability
