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Worksheets

IBT SPG

Total questions: 115

Worksheet time: 1hrs 29mins

Name
Class
Date
1.
Q1. A horizontal line that is placed under the word ?
a)
Bold
b)
Underline
c)
Italics
d)
Subscript
2.
Q2. If you make a mistake what you can do ?
a)
press control U
b)
delete your work and start over
c)
click the undo button at the top of the page
d)
click the redo button at the top of the page
3.
a)
Bold
b)
Font Size
c)
Font Type
d)
Font Color
4.
a)
Font Size
b)
Font Color
c)
Font Type
d)
Text Effect
5.
a)
Text Box
b)
Shapes
c)
Word Art
d)
Font Styles
6.
a)
Spell Check
b)
Word Count
c)
Page Count
d)
Word Art
7.
Q8. what we call the Space around the edges of a page ?
a)
Page orientation
b)
Margins
c)
headers
d)
footers
8.
a)
save
b)
undo
c)
redo
d)
underline
9.
a)
Center align
b)
Increase font
c)
Font name
d)
Underline
10.
Q12. Which tab to you click to save ?
a)
Home
b)
Insert
c)
File
d)
View
11.
What software program is this?
a)
Word
b)
Excel
c)
Power Point
d)
Outlook
12.
A ______________ is a grid of rows and column in which you enter text, numbers and the results of calculations.
a)
document
b)
spreadsheet
c)
table
d)
publisher
13.
This is an act of creating, editing, and producing a text document.
a)
dragging
b)
word wrapping
c)
placeholder
d)
word processor
14.
What application can you use to create letters and reports?
a)
Word
b)
PowerPoint
c)
Excel
d)
Outlook
15.
What application can you use to create spreadsheets?
a)
Word
b)
PowerPoint
c)
Excel
d)
Outlook
16.
What application can you use to create presentations?
a)
Word
b)
PowerPoint
c)
Excel
d)
Outlook
17.
What type of application is Word?
a)
Word processor
b)
Email
c)
Spreadsheet
d)
Presentations
18.
Which job below is NOT associated with Accounting?
a)
Paying Bills
b)
Collecting Money
c)
Payroll Checks
d)
Pricing Items
19.
What role can someone in Management have?
a)
Meet Goals and Obligations
b)
Works with People in an Organization
c)
Use resources to accomplish Goals
d)
All Answers are roles of Management
20.
The Human Resources Department
a)
Manage People
b)
Help Develop Skills
c)
Hire and Fire
d)
All of these are correct
21.
A Business owned by 1 Person
a)
Sole Proprietorship
b)
Partnership
c)
Franchise
d)
Corporation
22.
A Business owned by two or more people
a)
Sole Proprietorship
b)
Partnership
c)
Franchise
d)
Non-Profit Organization
23.
A contract between a parent company and a franchisee to use the name and see the goods or services of the parent company.
a)
Franchise
b)
Corporation
c)
Non-Profit Organization
d)
Partnership
24.
A business whose goal is to provide a service rather than to make a profit.
a)
Non-Profit Organization
b)
Multinational Corporation
c)
Corporation
d)
Franchise
25.
A business considered separate from the owners of the business by law.  
a)
Corporation
b)
Multinational Corporation
c)
Partnership
d)
Sole Proprietorship
26.
The process of recording and reporting the financial data for a business.
a)
Accounting
b)
Management
c)
Marketing
d)
Information Technology
27.
The process of leading and directing all or part of an organization.
a)
Management
b)
Marketing
c)
Information Technology
d)
Operations
28.
The process of creating, promoting, and presenting a product to the consumers.
a)
Marketing
b)
Information Technology
c)
Operations
d)
Human Resources
29.

Bruce installed security cameras to reduce theft in his automotive business. This is what function?

a)

Risk Management

b)

Human resources function

c)

Finance function

d)

Purchasing function

30.
Planning, recording, analyzing, and interpreting financial information
a)
accounting
b)
ethics
c)
transaction
d)
revenue
31.
Amount owed by a business
a)
liability
b)
asset
c)
capital
d)
account
32.
Anything of value that is owned
a)
account
b)
asset
c)
withdrawal
d)
expense
33.
Financial reports that summarize the financial condition and operations of a business
a)
financial statements
b)
ethics
c)
withdrawals
d)
equities
34.
Revenues minus expenses equals _____________________.
(Revenues-Expenses = _______________)
a)
Profit
b)
Overhead
c)
Income
d)
None of the above
35.
The basic accounting equation is Assets=Liabilities + _______________________.
a)
Income
b)
Owner's Equity
c)
Expenses
d)
Profit
36.
The ________________   __________________ is one of the main financial statements and reports revenues and expenses for a period of time such as a month or year.
a)
Income Statement
b)
Balance Sheet
c)
Income Worksheet
d)
Balance Sheet
37.
The _____________________________ is one of the main financial statement and reports the assets, liabilities, and owner's equity at a specific point in time.
a)
Income Statement
b)
Balance Sheet
c)
Income Worksheet
d)
Balance Worksheet
38.
Obligations (amounts owed) are reported on the balance sheet and are referred to as __________.
a)
Assets
b)
Liabilities
c)
Debt
d)
Owner Equity
39.
Liabilities often have the word __________ in their account title.
a)
Assets
b)
Payable
c)
Paid
d)
Equity
40.
Accounting entries involve a minimum of how many accounts?
a)
One
b)
Two
c)
Three
d)
Four
41.
Revenues minus expenses equals:
a)
Assets
b)
Liabilities
c)
Owner Equity
d)
Net Income
42.
Revenues minus expenses equals:
a)
Assets
b)
Liabilities
c)
Owner Equity
d)
Net Income
43.

The amount of cash moving into and out of a business

a)

Cash Flow

b)

Net Worth

44.

paying the rent would be an example of

a)

cash inflow

b)

cash outflow

45.

The purpose of a Cash Flow Statement is

a)

to determine net amount of cash generated

b)

to evaluate firm's ability to meet obligations

c)

to assess long term debt arrangements

d)

review non current asset structure

e)

all of the above

46.

When alignment is set when lines are keyed horizontally in the middle of the page?

a)

Justified

b)

Left

c)

Right

d)

Center

47.

When Donna prints her document, what is the default orientation?

a)

Landscape

b)

Left

c)

Portrait

d)

Right

48.

When text is REMOVED from one location and placed in another within a document, what editing features are used?

a)

Cut and paste

b)

Cut and copy

c)

Search and replace

d)

Copy and paste

49.

While keying the third page of a report, which keys can Paul use to quickly move the cursor to the BEGINNING of the document?

a)

Control and Home

b)

Control and End

c)

Control and Page Up

d)

Control and Page Down

50.

Margaret needs to key her name and date as a FOOTER. Where will this information be seen in the final document?

a)

Bottom of the first page

b)

Bottom of every page

c)

Top of every page

d)

Top of the first page

51.

While proofreading his document, which key(s) can Tom use to quickly move the cursor to the NEXT page in his document?

a)

Page Down

b)

Arrow keys

c)

Control

d)

Enter

52.

When keying, what process is used to add color, bold, and underline in a document?

a)

Set alignment

b)

Set orientation

c)

Format font

d)

Set margins

53.

David wants to use the numeric keypad to complete his math homework. However, each time he keys a number, it only moves the cursor on the screen. What should David do in order to use the numeric keypad?

a)

Press the Enter key

b)

Press the Shift key

c)

Press the Caps Lock key

d)

Press the Num Lock key

54.

Which of the following statements BEST explains what margins are?

a)

Where you type text that will appear at the top of every page of the document.

b)

Where you type text that will appear at the bottom of every page of a document

c)

The blank space around a document where you cannot type

d)

The direction in which text will be printed on a page

55.

Amy has printed her document and the width of the paper is greater than the height. Which printing orientation did Amy use?

a)

Landscape

b)

Portrait

c)

Centered

d)

Justified

56.

Lynn is keying a document using word processing software. As she is typing, the text automatically moves on to the next line without her striking the Enter key What is this word processing feature called?

a)

Margins

b)

Formatting

c)

Alignment

d)

Word wrap

57.

Mark needs to key a list of state abbreviations in all caps. What would be the EASIEST way for him to do this?

a)

Press the Caps Lock key

b)

Use the shift keys

c)

Press the Num Lock key

d)

Press the Control key

58.

What is the QUICKEST method to use to get to the beginning of a line text?

a)

Use the Home key

b)

Use the End key

c)

Use the arrow keys

d)

Use the Space Bar

59.

You need to create columns in your document. What keys(s) would be the EASIEST to use to do this?

a)

Tab

b)

Space bar

c)

Shift

d)

Enter

60.
Payment made for the use of borrowed money is called
a)
Financial Institution
b)
Creditors
c)
Interest
d)
Secured
61.
Who pays interest on a loan
a)
a lender
b)
 a borrower
c)
a credit union
d)
a creditor
62.

Banks provide which of the following EXCEPT

a)

debit cards

b)

loans

c)

check writing services

d)

government subsidies

63.
A credit union...
a)
is a financial institution that focuses on taking deposits and using them to fund mortgages.
b)
is a non-profit institution owned by its members and provides financial services to its members.
c)
offers a broad range of deposit account and gives loans to individuals and businesses. 
d)
is a financial institution for students only
64.

Piece of ownership in a company, mutual fund or other investment

a)

Share/stock

b)

401K

c)

Bond

65.
Persons or institutions to whom money is owed
a)
Financial Institutions
b)
Interest
c)
Creditors
d)
Collateral
66.

Money added into a bank account.

a)

withdraw

b)

deposit

c)

cash

d)

cheque

67.

Who owns a credit union?

a)

its members

b)

investment bankers

c)

the government

d)

commercial banks

68.
Something of value that can be claimed by a lender if a loan is not repaid
a)
Property
b)
Creditor
c)
Collateral
d)
Interest
69.
Type of loan that is backed up by something of value.
a)
unsecured
b)
secured
c)
personal loan
d)
debt
70.
What is a characteristic of a commercial bank?
a)
For-profit
b)
Non-profit
c)
Membership qualifications
d)
Only available online
71.
What is  characteristic of a credit union?
a)
Open to anyone
b)
Membership qualifications
c)
No physical locations
d)
Non-profit
72.
What is an interest rate?
a)
Percentage rate used to calculate interest
b)
Percentage rate of people using the bank
c)
Percentage rate of how much money you've spent
d)
Percentage rate of how much money the bank owns
73.
Developing a weekly employee work schedule
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
74.
Training employees on clean-up procedures of your restaurant
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
75.
Counting up the day’s sales and reporting it to the owner
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
76.
Creating a training manual for new employees
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
77.
4th quarter sales will increase by 10% due to our new sales campaign
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
78.
Meeting with assistant managers to review employee productivity
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
79.
Taking inventory (count) of all merchandise in stock on a daily basis
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
80.
Creating a company mission statement
a)
Planning
b)
Organizing / Staffing
c)
Leading
d)
Controlling
81.
How many functions of management do most managers carry out?
a)
Two
b)
Three
c)
Four
d)
One
82.
Which function of management involves creating goals, objectives, and ways to achieve them?
a)
Organizing
b)
Planning
c)
Controlling
d)
Leading
83.
Name the function of management that involves monitoring how the business is performing.
a)
Leading
b)
Controlling
c)
Planning
d)
Organizing
84.
Which function of management requires leaders to provide a direction and vision for a business?
a)
Leading
b)
Planning
c)
Organizing
d)
Controlling
85.
A mission statement...
a)
is where the business wants to go in the future, it’s goals. It is a statement of purpose
b)
stated, measurable targets of how to achieve business aims. They act as stepping stones in achieving an overall aim. They give clear targets about the business, so plans can be made to reach these targets.
c)
sets out the business vision and values that enables employees, managers, customers and even suppliers to understand the underlying basis for the actions of the business.
86.

Customers, investors, employees, and regulators are examples of __________ that are important in the analysis of corporate social responsibility.

a)

special-interest groups

b)

stakeholders

c)

ethics advocates

d)

whistleblowers

87.
A system of moral principles or rules of conduct relating to human behavior.
a)
Ethical dilemmas
b)
Guilt
c)
Reputation
d)
Code of Ethics
88.
The beliefs, qualities, or standards that you consider important or desirable.
a)
Honesty
b)
Trust
c)
Code of Ethics
d)
Values
89.
____ are principles of morality or rules of conduct.
a)
Customs
b)
Traditions
c)
Cultures
d)
Ethics
90.
Which of the following refers to the duty of a business to contribute to the well-being of a community?
a)
workplace diversity
b)
social responsibility
c)
code of ethics
d)
laws and regulations
91.
Which one of these is NOT a characteristic of an entrepreneur?
a)
risk taker
b)
idea person
c)
generalist
d)
specialist
92.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
93.
Business entity that blends elements of partnership and corporate structures.
a)
proprietorship
b)
limited liability company
c)
partnership
d)
corporation
94.
Exclusive rights given to the inventor of a product, for a specific period of time, to protect them from others copying their product.
a)
copyright
b)
trademark
c)
patent
d)
exclusivity rights
95.
Exclusive rights to symbols or designs.
a)
trademark
b)
patent
c)
copyright
d)
exclusivity rights
96.

Which is a characteristic of a successful entrepreneur?

a)

Motivated

b)

Takes very little risk

c)

Passionate

d)

Hard-working

97.

What is a disadvantage of being an entrepreneur?

a)

You have more control over your work

b)

You have a more flexible schedule

c)

You do not always receive a regular paycheck

d)

Your work schedule is always predictable

98.

What is the purpose of a business plan?

a)

To document your financial activity during one year

b)

Legal document to be filed with the SEC

c)

States the purpose and vision of your company

d)

States the amount of capital you need to run the company

99.

Why do you need a business plan?

a)

To raise capital

b)

Gets everyone involved to focus on the same goals

c)

Gives an objective look at what you are doing and why

d)

It is required by law

100.

The process of creating something new that makes life better is called...

a)

Technology

b)

Innovation

c)

Brand recognition

d)

Opportunity cost

101.
What is Risk Management?
a)
The deliberate approach or a real-time approach or to control risks.
b)
The process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk cost with mission benefits. 
c)
The ability to manage risks and implement controls necessary to accomplish the mission.
d)
None of the above
102.

A form of protection for literary works such as music, novels, plays, etc.

a)

Protection

b)

Patent

c)

Trademark

d)

Copyright

103.

A word, name, device or symbol to distinguish one product from another and protect it from being sold by someone else.

a)

Trademark

b)

Patent

c)

Copyright

d)

Protection

104.
An example of active listening is:
a)
Listening close and taking good notes
b)
Skimming the outline carefully
c)
Moving around while others speak
d)
Focusing on main ideas being communicated and responding with full attention
105.
If you need to communicate with other employees inside your business regarding a change in insurance costs, you would most like use a:
a)
Business Letter
b)
Personal Business Letter
c)
Memo
d)
E-Mail
106.
If you need to let the employees in your business know that the server will be down this afternoon beginning at 3:00, you would most likely use:
a)
An email
b)
A memo
c)
Business Letter
d)
Personal Business letter
107.
When you are writing for work or school, you should always:
a)
Write as quickly as possible
b)
Proofread your work 
c)
Depend on Spell Checker to correct all errors
d)
Write as briefly as possible
108.
The most commonly used form of business communication is: 
a)
Business Letter
b)
Personal Business Letter
c)
Memo
d)
E-mail
109.
________________is language used by a particular group, profession, or culture that may or may not be understood or used by other people.
a)
Jargon
b)
Amplifiers
c)
Subordinates
d)
Tone
110.

What will you type out that is needed when you apply for a job?

a)

Cover Letter

b)

Memo

c)

Resume

d)

Business Letter

111.
The main text of a personal letter, business letter, memo, email, or report. 
a)
Complimentary Close
b)
Body
c)
Dateline
112.
A keying style for a letter or memo in which all the text is aligned at the left margin.
a)
Block Style
b)
Hanging Indent Style
c)
Paragraph Style
113.
Ending of the letter. Example:  Sincerely yours, 
a)
Salutation
b)
Keyed Name
c)
Complimentary Close
114.
Stationery that is used instead of the return address in a business letter and consists of the business’ name, address, phone/fax/email, and logo. 
a)
Business Card
b)
Friendly Letter
c)
Letterhead
115.
The greeting of a letter that is keyed a double space below the letter address.
a)
Greeting
b)
Salutation
c)
Keyed Name

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