TSA: Business Management (1 of 7)

What do the abbreviations AA, BA, and MA stand for in higher education?

• Accredited Accounting, Business Analysis, and Management Access

• Associate’s degree, Bachelor’s degree, Master’s degree

• Advanced Achievement, Business Administration, Marketing Analysis

• Academic Access, Business Accreditation, Major Assessment

What is accountability in a workplace setting?

• The ability to control others’ tasks

• Responsibility to someone or for some activity

• Authority to promote employees

• Following instructions given by coworkers

What are accounts payable?

• Money owed to a company by clients

• Unpaid dues for goods and services

• Company credit card balances

• Annual employee wages

What does accounts receivable represent?

• Company purchases from vendors

• Company tax deductions

• Outstanding debt owed to a company

• Payments made by the company to employees

What is the goal of advertising?

• To attract attention to products or services through paid placements

• To communicate only to business partners

• To offer direct discounts to employees

• To develop business plans

What is an agenda?

• A list or plan of things to be done

• A marketing strategy

• A business vision

• A salary negotiation tool

What does allocation refer to?

• Reduction in workforce

• Planning a project timeline

• Distribution of resources

• Evaluating employee performance

What is an allowance in terms of taxes?

• Bonus earned at the end of the year

• Monthly pay given to interns

• A claim that reduces the amount of taxable income withheld

• Extra work hours paid at a higher rate

What does Annual Growth Rate refer to?

• Monthly increase in profits

• Yearly increase of an investment

• Reduction in annual taxes

• Quarterly income statement

What does APR stand for?

• Annual Product Report

• Average Pay Rate

• Annual Percentage Rate – the cost of credit expressed yearly

• Asset Performance Rating