What are the 3 major areas that creditors look at to determine “credit fitness”?

Credit Usage, Age of Credit & Accounts in collections

Which of the following items depict pieces of “Business Professional” dress

A suit jacket, suit pants and wingtip shoes

claims on a company's assets after creditors have been paid

What are the top 5 ways someone might steal your identity?

Dumpster Dive, Skim, Phish, change your address & stealing

The 6 sections of a resume are

Awards, Activities, Heading, Education, Experience,Objective

Once you have decided to accept a job offer, you must:

Write an acceptance letter w/ the pay that was agreed upon

4 ways identity theft can be committed are...

Phishing, Stealing, Skimming, Dumpster Diving

Which of these are the three major credit bureaus?

Experian, Equifax and Transunion

What are the 3 steps for building a spending plan?

Assess Needs, Set Goals, Make a plan

The definition of "accounts payable" is

money a company/organization owes

What are the 5 parts of an Interview?

Before, Start, Middle, End, The Follow-Up

The purpose of an objective statement on a resume is to...

Explain what position you are applying for

Which of the following are synonymous with the word “franchise”?

When an entrepreneur purchases a part of another business

The basic accounting equation

Assets = Liabilities + Stockholder's Equity

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Introduction to Business and Technology PRETEST

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#identitytheft #credit #moneymanagement #interviewing #resume

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Questions 44

Answers

1
What are the 3 major areas that creditors look at to determine “credit fitness”?
Payment history and Derogatory Marks
None of the above
Hard Inquiries, Credit Usage and Payment history
Credit Usage, Age of Credit & Accounts in collections
2
Which of the following items depict pieces of “Business Professional” dress
A skirt, polo shirt and heels
A tie, cumberbun and slacks
A suit, suspenders and button-down shirt
A suit jacket, suit pants and wingtip shoes
3
What is the number 1 question asked in an interview?
What are your long-term/short-term goals?
Tell me about yourself
Do you work well in teams?
Do you communicate well with others?
4
AJ's debt is $350 & earns $1000/mo. K.O.'s debt is $150 & earns $800/mo. Which D.I.R. is better
K.O.
None of the above
They have the same Debt-to-Income Ratio
A.J.
5
Which of these studies the operation of an economy as a whole...
Microeconomy
Minieconomics
Microeconomics
Macroeconomics
6
Banks get their money directly from...
U.S. Treasury
Federal Reserve Bank
U.S. Mint
U.S. Federal Bank
7
Where is money printed?
Rothschild bank
U.S. Mint
Federal Reserve Bank
U.S. Treasury
8
Cover letters should
Be personalized
Be handwritten
Be written by an expert
Be reviewed
9
A debt-to-income ratio measures how well you spend your money. If it's under 15%, you should be
Cautious
Comfortable
Concerned
10
Shareholder's Equity
claims on a company's assets after paying creditors.
claims on a company's assets after creditors have been paid
claims on a company's debts after creditors have been paid
claims on a company's assets after creditors have paid them
11
What are the top 5 ways someone might steal your identity?
Dumpster Dive, Skim, Phish, change your address & stealing
Scamming, Dumpster Diving, Stealing and Change your address
Dumpster Dive, Phish, Float, Steal & Change your address
Change your address, Dumpster Diving, Skimming & Scanning
12
The 6 sections of a resume are
Heading, Education, Experience, Skills, Objective and Awards
Awards, Activities, Heading, Education, Experience,Objective
Education, Experience, Awards, Objective, Heading, Birthdate
Awards, Objective, Skills, Personal Information, Education
13
You are in a car accident and your insurance pays for 60%. What account can pay for the rest?
Emergency Fund
Checking account
Savings
Nest Egg Account
14
Once you have decided to accept a job offer, you must:
Write a job acceptance letter and automatic promotion
Write an acceptance letter and take time to think about it
Negotiate the pay and write a job acceptance letter
Write an acceptance letter w/ the pay that was agreed upon
15
3 Types of Expenses
Fixed, Variable and Periodic
Flexible, Variable and Occasional
Fixed, Flexible and Random
Flexible, Occasional and Variable
16
4 ways identity theft can be committed are...
Email Scams, Phishing, Stealing, Scamming
Phishing, Stealing, Skimming, Dumpster Diving
Dumpster Diving, Stealing, Fishing, Skimming
Stealing, Scamming, Fishing, Dumpster Diving
17
The debt-to-income ratio is computed by
dividing debt by income
adding income to debt
dividing income by debt
multiplying income by debt
18
Copyright does not protect which of the following?
wild, wild, wild thoughts
ideas and facts
music and facts
thoughts and music
19
Which of these are the three major credit bureaus?
Experian, Equifax and Transunion
FTC, Trade Commission, Federal government
Equifacts, Transition and Experian
Experian, Trade commission and Equifax
20
What should you take to an interview?
resume only
resume, cover letter, application
notepad and cover letter
resume and notepad
21
________ is an outline of the fundamental purpose of an organization
Goals statement
Mission statement
Vision statement
Objective statement
22
The branch of economics that studies the operation of a nation's economy as a whole.
Free market
Microeconomics
Reaganomics
Macroeceonomics
23
What are the 3 steps for building a spending plan?
Set Goals, Assess Wants, Make a Plan
Make a plan, Assess Needs and Set Goals
Assess Needs, Set Goals, Make a plan
Assess Needs, Make a plan, Sets Goals
24
Two parts of money management are
Income and Spending
Income and Rent
Rent and Expenses
Fixed expenses and Income
25
The definition of "accounts payable" is
money that has to be paid to customers
accounts that have been paid
money a company/organization owes
accounts owed to lawyers
26
How long should a resume be?
As many as you need
No more than 1 page
1-2 pages
1 page exactly
27
What are the 5 parts of an Interview?
Before, Start, Middle, End, The Follow-Up
Before, Middle, End, Resume, The Follow-Up
Follow-Up, Resume, Cover Letter, Middle, End
Beginning, Middle, End, The Follow-Up, Cover letter
28
The blending of four marketing elements-promotion, product, distribution and price is
Marketing strategy
Marketing Mix
Market Research
Marketing plan
29
The purpose of an objective statement on a resume is to...
Get a job!
Explain what position you are applying for
Ensure the employer knows about you
Explain why you are qualified
30
The use of someone's work without their permission
Fair Use protection
Plagiarism
Copyright abuse
Stealing
31
What is it called when two or more people own a business?
a partnership
a limited liability partnership
a sole propietorship
an entrepreneurship
32
Interpersonal, social, relational abilities are examples of __________ .
Soft skills
Technical skills
Normal skills
Hard skills
33
A specific group of consumers that have similar wants and needs is a
Market mix
Target market
Target
Marketing plan
34
Jonathan's rent and water total $860 dollars. He makes $2,400 monthly. Debt-to-income ratio is
36.5%
38.5%
35.8%
25.2%
35
Planning a vacation to Europe can be expensive, so having a ________ account is critical.
Savings Account
Good Credit
Emergency Fund
Nest Egg Account
36
an increase in the overall level of prices in the economy is
mission statement
inflation
shareholder's equity
deflation
37
Chronological resumes are used for
All of the above
Provides work experience history
Showing a steady growth in a particular career field
Provides educational history
38
Developing a budget and understanding essential elements of a budget come from which standard.
9.6
2.2
9.2
9.1
39
Which of the following are synonymous with the word “franchise”?
None of the above
When an entrepreneur sells a part of their business
an entrepreneur releases confidential info
When an entrepreneur purchases a part of another business
40
The basic accounting equation
Assets - Liabilities = Stockholder's Equity
Liabilities - Stockholder's Equity = Assets
Assets = Liabilities + Stockholder's Equity
Assets - Stockholder's Equity = Liabilities
41
You should use "I" statements on a cover letter
Sometimes
Never
All the time
Randomly
42
The Federal Reserve Bank is a private bank owned by __________
Private investors
Private stockholders
Bankers
the Public
43
You should arrive to an interview...
5 to 20 minutes early
5 to 15 minutes early
15 minutes to an hour
44
What is the purpose of a resume?
To get an interview
It takes the place of an application and interview
It's the only way to get a job
It is just used as an option, you do not need one

Introduction to Business and Technology PRETEST Flashcards | StudBud