7th Grade FE Practice 5 Pre 2012: Question Preview (ID: 8107)


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Mark is the manager of a carpet cleaning business. He wants to communicate a short message to all his sales people the fastest way possible. Which form of business communication sh
a) email b) letter c) memo d) report
A committee met to plan the FBLA winter social, Lu assigned different tasks that needed to be done to each of the members. This is an example of which team building skill?
a) building trust b) collaborating c) delegating responsibilities d) using effective communication skills
John is a department head who frequently meets with his team members to discuss team goals and the direction of the team. This is an example of which effective leadership trait?
a) good decision-maker b) passionate c) team builder d) visionary
When comparing the four main business types, which has the most risk and rewards for an individual?
a) corporation b) franchise c) partnership d) sole proprietorship
Beth is a team leader who develops leadership potential in her team members by assigning members different team tasks to complete. This is an example of which leadership trait?
a) good decision maker b) passionate c) team builder d) visionary
When comparing the four main business types, which allows the owner to start selling products more quickly?
a) corporation b) franchise c) partnership d) sole proprietorship
Managing a customer's investment portfolio and giving a business advice about its investments are classified as which type of activity?
a) accounting b) banking c) budgeting d) finance
Which is an example of an information technology function for a business?
a) emailing customers to ensure satisfaction b) processing paperwork for new employees c) producing income statements d) testing new computer software
What is one difference between an accountant and a CPA?
a) accountants must have more education b) accountants must pass a national exam c) CPAs must pass a national exam d) CPAs usually receive a lower salary
On an Income Statement, if you have Costs (Expenses) of $3500 and Revenue of $3000 what would be the Net Loss or Net Income?
a) Loss of $4,000 b) Loss of $500 c) Profit of $4,000 d) Profit of $500
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