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