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WorksheetsFuture Business Leader
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
According to the Uniform Commercial Code, all sales contracts valued at ___ or more must be in writing.
a)
100
b)
500
c)
1000
d)
5000
2.
The quorum for all business meetings of the FBLA National Leadership Conference is ___ of the registered voting delegates.
a)
1/3
b)
1/2
c)
3/4
d)
A majority
3.
Property owned by a business is referred to as ___.
a)
assets
b)
liabilities
c)
equities
d)
revenue
4.
The 2002 National Leadership Conference was held in what city?
a)
Orlando, Florida
b)
Washington DC
c)
Nashville, TN
d)
Dallas, Texas
5.
A short intermission in the assembly’s proceedings, which does not close the meeting, is a(n) ___.
a)
Commit
b)
Adjournment
c)
Recess
d)
Rescind
6.
Reading a document from right to left is recommended for ___.
a)
Locating content errors
b)
Editing the special letter parts
c)
Checking to see if the main idea is presented first
d)
The third proofreading pass to check for keying or spelling errors.
7.
In 1946, official sponsorship of FBLA was accepted by the ___.
a)
United Business Education Association
b)
National Education Association
c)
National Council for Business Education
d)
National Council for Business Education
8.
A banking account in which the money can be withdrawn at any time by the owner, that is, a checking account is called a(n) ___.
a)
Time deposit
b)
Demand deposit
c)
Personal deposit
d)
Withdrawal account
9.
The FBLA concept was developed in 1937 by ___.
a)
Dr. Hamilton Burger of Harvard University
b)
Dr. Edward D. Miller of Princeton University
c)
Dr. Lee A Graf of Illinois State University
d)
Dr. Hamden L. Forkner of Columbia University
10.
A meeting held in five geographic regions to provide students members and advisers opportunities to share ideas, reaffirm common goals and participate in leadership development seminars is the ___.
a)
National Fall Leadership Conference
b)
National Leadership Conference
c)
Regional Fall Leadership Conference
d)
The Management Series
11.
To emphasize an appositive, the writer should punctuate with ___.
a)
An exclamation point
b)
A colon
c)
A comma
d)
A semi colon
12.
What are the fractional shares for each partner in a firm using the ratio 5:3:1?
a)
5/10, 3/10, 1/10
b)
5/100, 3/100, 1/100
c)
50%, 30%, 10%
d)
5/9, 3/9, 1/9
13.
All of the following items are considered when developing a promotional mix
EXCEPT ___?
EXCEPT ___?
a)
Public relations
b)
Advertising
c)
Distributors
d)
Funds
14.
Charging more than the maximum legal interest rate is ___.
a)
Fraud
b)
Usury
c)
Extortion
d)
Price-fixing
15.
A supplemental clause added to an existing will is a(n) ___.
a)
Codicil
b)
Intestate
c)
Surety
d)
Dower
16.
Joe earns $150,000 a year in gross income. He must pay 7% in Social Security Taxes, 25% in Federal Income Taxes, 7% in State Income Taxes, and 5% in Medical
Insurance per month. What is Joe’s monthly net income?
Insurance per month. What is Joe’s monthly net income?
a)
$12,500
b)
$66,000
c)
$5,500
d)
$7,000
17.
What kind of health insurance covers you if you are injured on the job?
a)
Medicare
b)
HMO’s
c)
PPO’s
d)
Workers’ Compensation
18.
When a Comp Tech advertises a low-priced printer only to lure customers and then to convince customers to buy a more expensive item, the store is practicing ___.
a)
Bait and switch
b)
Boycotting
c)
Promotional selling
d)
Recycling
19.
All of the following FBLA national awards programs have a performance element
EXCEPT ___.
EXCEPT ___.
a)
Entrepreneurship
b)
Business Plan Project
c)
American Enterprise Project
d)
Job Description Manual
20.
How many grammatical and punctuation errors are in the following paragraph?
When you hear the word “network” today you probably think of computers networks, television, networks, cable television networks, or local cable networks. All of those networks owe there existence to two earlier networks; Western Union’s network and
the Bell system.
When you hear the word “network” today you probably think of computers networks, television, networks, cable television networks, or local cable networks. All of those networks owe there existence to two earlier networks; Western Union’s network and
the Bell system.
a)
1
b)
2
c)
3
d)
4
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