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