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7th Grade FE Practice 5 Pre 2012
Test Description: Exploring Business Technologies Study Questions
Instructions: Answer all questions to get your test result.
1) 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
report
B
memo
C
letter
D
email
2) 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
using effective communication skills
B
delegating responsibilities
C
collaborating
D
building trust
3) 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
team builder
B
visionary
C
good decision-maker
D
passionate
4) When comparing the four main business types, which has the most risk and rewards for an individual?
A
franchise
B
corporation
C
sole proprietorship
D
partnership
5) 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
passionate
B
visionary
C
team builder
D
good decision maker
6) When comparing the four main business types, which allows the owner to start selling products more quickly?
A
franchise
B
partnership
C
corporation
D
sole proprietorship
7) Managing a customer's investment portfolio and giving a business advice about its investments are classified as which type of activity?
A
finance
B
accounting
C
banking
D
budgeting
8) Which is an example of an information technology function for a business?
A
processing paperwork for new employees
B
testing new computer software
C
producing income statements
D
emailing customers to ensure satisfaction
9) What is one difference between an accountant and a CPA?
A
CPAs must pass a national exam
B
CPAs usually receive a lower salary
C
accountants must pass a national exam
D
accountants must have more education
10) 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
Profit of $500
B
Profit of $4,000
C
Loss of $500
D
Loss of $4,000
*select an answer for all questions
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