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