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IBTStudyGuide4
Test Description: IBTStudyGuide4
Instructions: Answer all questions to get your test result.
1) Includes all the activities involved in obtaining, preparing, and compensating employees.
A
staffing
B
planning
C
organizing
D
implementing
2) The direction for a business comes from its
A
Mission statement
B
Corporate bylaws
C
Policy manual
D
Code of ethics
3) Which of these is NOT a part of the decision-making process?
A
Evaluate the decision
B
Make the decision
C
Ask others for their input
D
Identify the decision to be made
4) Liabilities are
A
what a company owns
B
the value of the owners' investments in the company
C
what a company has on hand to sell
D
what company owes
5) A company's sales and profits for a specific period are listed in the company's
A
cash budget
B
operating budget
C
balance sheet
D
income statement
6) All income that a business receives over a period of time.
A
current assets
B
asset records
C
expenses
D
revenue
7) The costs of operating a business.
A
expenses
B
asset records
C
revenue
D
current assets
8) In Excel, what function adds all of the numbers in a range of cells?
A
calculate
B
SUM
C
add
D
compute
9) In Excel, what is the name of the small black square in the lower-right corner of the heavy border of an active cell that repeats a cell's value in adjacent cells?
A
copy handle
B
filler
C
fill handle
D
copy box
10) Take-home pay is the amount you have left in your paycheck
A
before you pay your bills for the week
B
before taxes and deductions
C
after you pay your bills for the week
D
after taxes and deductions
*select an answer for all questions
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