Intro Business and Technology IA Review

This business department is mostly responsible for transactions and budgets in an organization_________.

• Human Resources

• Sales

• Finance

• Management

Jack and Jill are siblings who own their own rock climbing business. What would their business be classified as?

• general partnership

• limited partnership

• sole proprietorship

• limited liability partnership

What would be the target market for a small rural restaurant?

• Anyone in the entire country who likes to eat.

• Everyone in the world who gets hungry.

• Residents withon a 10 mile radius of the restaurant.

• Only the grandparents in that small rural town.

What is the accounting equation?

• Assets + Liabilities = Owner's Equity

• Assets=Liabilities + Owner's Equity

• Assets-Liabilities = Owner's Equity

• Assets = Liabilities -Owner's Equity

A business is primarily based on_________.

• The functions the organization performs

• The size of the office and/or staff.

• The amount of profit it generates.

• Having a hierarchical leadership structure.

What kind of insurance would provide financial

reimbursement to the owner or renter of a structure and its contents in case there is damage or theft as a result of this storm?

• professional liability insurance

• business interruption insurance

• worker’s compensation insurance

• property insurance

If your business goes over budget which team/department will you need to call into your office and have a serious conversation with?

• Accounting

• Finance

• Marketing

• Sales

Your cook wrote an agreement with you that entitles you to pick first

from the meals available for the day in exchange for paying 5% extra over

their other clients. You find out that they are allowing another company to

pick ahead of you. Your vendor is:

• out of compliance and could face fines

• unable to keep their word and could face bankruptcy

• violating your contract and could be sued

• discriminating against you and your company

When you search the internet you are:

• sending a bot to find information

• Checking your search term against the engine's index.

• performing a real-time internet scan

• accessing an extranet

Why are some files hidden and not accessible to users?

• Altering them can hurt the computer

• They contain private information.

• It creates a cleaner visualization of the file system.

• They are temporary files that the computer will just delete.