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WorksheetsIBT EOC
Total questions: 15
Worksheet time: 8mins
Which of the following is the accounting equation?
Assets=revenue + expenses
Owner’s equity= Assets – liabilities
Assets = Liabilities + Owners Equity
Both B and C
Which of the following statements has the four (4) functions of management in the correct order?
Planning, organizing, leading, controlling
Leading, planning, organizing, controlling
Organizing, planning, controlling, leading
Planning, organizing, controlling, leading
The ribbon control center can be found in Microsoft Word
True
False
When organizing a business as a partnership, the ownership is limited to two partners.
True
False
Microsoft Word is a full-feature word processing program that allows you to create professional-looking
documents.
True
False
A resume is a snapshot of a person’s background, skills, and other qualifications
True
False
A sole proprietorship is a company owned by a single individual.
True
False
You cannot hyperlink text in a Microsoft Word document
True
False
When setting a SMART goal, it should be specific, measurable, attainable, realistic, and timely.
True
False
Used by insurance companies to measure risk and create a premium
Premium
Probability
The amount or responsibility an insurance company will pay for a loss
Homeowner’s Insurance
Coverage
A document detailing the terms and conditions of the insurance contract
Deductible
Insurance Policy
Provides protection for your entire lifetime and builds a cash value over time
Whole life insurance
Coverage
The amount you pay for insurance
Premium
Policy Holder
This type of insurance can protect against damage to the home and damage against items in the home
Homeowner’s Insurance
Coverage
