Computer Literacy

Business Fundamentals

Business Communication Business Math Financial

Literacy

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Question 1 - 10

• This type of law protects people’s intellectual property from being misused by others.A. PrivacyB. PlagiarismC. AnonymityD. Copyright

Answer 1 – 10

B. Plagiarism

Question 1 - 20

• When a recession spreads from one industry to other industries, it is calledA. Domino TheoryB. Great DepressionC. Ripple EffectD. Hyperinflation

Answer 1 – 20

• C. Ripple Effect

Question 1 - 30

• This type of software combines several complete programs: such as a word processor, a spreadsheet, a database and others; into one packageA. Stand-alone programB. Operating SystemC. Productivity SuiteD. Integrated software

Answer 1 – 30

• C. Productivity Suite

Question 1 - 40

• In a spreadsheet program, “D4” refers to A. WorksheetB. RowC. Cell AddressD. Column

Answer 1 – 40

• C. Cell Address

Question 1 - 50

• Web documents are linked to one another by this:A. HypertreeB. HypertalkC. HypertextD. Hypertags

Answer 1 – 50

• C. Hypertext

Question 2 - 10

• The main reason small business owners fail is because

A. They extend credit too freelyB. They don’t work hard enoughC. They don’t have adequate managerial

experience

Answer 2 – 10

• C. They don’t have adequate managerial skills

Question 2 - 20

• A business in which all decisions are made by the head of the company is A. Decentralized organizationB. Centralized organizationC. Departmentalized corporation

Answer 2 – 20

• B. Centralized organization

Question 2 - 30

• Organizational charts serve to defineA. What a company producesB. Who is in charge of whomC. Where the workers’ office will beD. How to create a product

Answer 2 – 30

• B. Who is in charge of whom

Question 2 - 40

• A multi-channel retailer sells productsA. Online onlyB. In stores, by mail and onlineC. In stores, in malls and in warehousesD. By mail and online

Answer 2 – 40

• B. In stores, by mail and online

Question 2 - 50

• A disadvantage of e-tail is thatA. It’s inconvenientB. You can’t compare pricesC. You have fewer choicesD. You can’t inspect products firsthand

Answer 2 – 50

• D. You can’t inspect products firsthand

Question 3 - 10

• ______are taken at most business meetings so there is a record of what happened.A. OverviewsB. OutlinesC. MinutesD. Summaries

Answer 3 – 10

• C. Minutes

Question 3 - 20

• If you do not want the receiver of an email to know it was sent to another person use a ___ notation.A. cccB. bccC. bbcD. ccb

Answer 3 – 20

• B. bbc

Question 3 - 30

• When composing a letter or report, which feature of Word can help you avoid repeating a particular word?A. Spell checkB. ThesaurusC. Word Usage CheckD. Word Count

Answer 3 – 30

• B. Thesaurus

Question 3 - 40

• Cyber bullies are best dealt with by which of the following:A. Don’t replyB. Don’t delete messageC. Don’t keep it to yourselfD. All of the above

Answer 3 – 40

• D. All of the above

Question 3 - 50

• When dealing with an angry customer over the telephone, it is best to ___A. Don’t listenB. Be rude C. Be empatheticD. None of the above

Answer 3 – 50

• C. Be empathetic

Question 4 - 10

• You are planning to install new carpeting in one of the offices. The room measures 11’5” x 9’5” and the carpet cost $16.99 per square foot. How much will it cost; explain the process.

Answer 4 – 10

• 11.5 x 9.5 x 16.99• =A1 * B1 * C1• $1,856.16

Question 4 - 20

• Thomas purchased 22 shares of stock for $98.25 each plus a $10 purchase fee. Explain how to calculate total cost

Answer 4 – 20

• 22 x 98.25 + 10• A1 * B1 + C1• $2,171.50

Question 4 - 30

• In a spreadsheet, how would you define 7/12?

Answer 4 – 30

• =A1/B1

Question 4 - 40

• To round a number in the ones position, check to see if the number to the left of that position is equal to or greater than 5

• True or False

Answer 4 – 40

• False– Check to the right of that number.

Question 4 - 50

• Frank will be traveling to Europe with friends. He saved $500 for the trip. If the exchange rate is 0.72285 Euros for each USD. How many Euros will Frank receive when he exchanges his money; explain your answer.

Answer 4 – 50

• USD * EUR• =A1 *B1• $500 x 0.72285• =361.43 Euros

Question 5 - 10

• Total dollar amount you pay to use credit is calledA. AllowanceB. Grace PeriodC. Finance ChargeD. Insurance

Answer 5 – 10

• C. Finance Charge

Question 5 - 20

• Adding interest to the principle and paying interest on the new total is called payingA. Compound interestB. Semi-annual interestC. Simple interestD. Total interest

Answer 5 – 20

• A. Compound interest

Question 5 - 30

• Financial statement which includes totals for what a business sold, spent and the difference between the two is known as the A. Income StatementB. Revenue (sales)C. ExpenseD. Balance Sheet

Answer 5 – 30

• A. Income Statement

Question 5 - 40

• Lenders have established policies for determining who will receive credit, which are called the Five Cs of Credit. The following are the Cs of Credit EXCEPT:A. CharacterB. CollateralC. CapitalD. Cost

Answer 5 – 40

• D. Cost

• (Character, Collateral, Capital, Capacity, Conditions)

Question 5 - 50

• Which of the following features of a check indicates who is to receive the funds?A. The bearerB. The signeeC. The PayeeD. The memo

Answer 5 – 50

• C. The Payee