wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

IBT EOC

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Which of the following is the accounting equation?

a)

Assets=revenue + expenses

b)

Owner’s equity= Assets – liabilities

c)

Assets = Liabilities + Owners Equity

d)

Both B and C

2.

Which of the following statements has the four (4) functions of management in the correct order?

a)

Planning, organizing, leading, controlling

b)

Leading, planning, organizing, controlling

c)

Organizing, planning, controlling, leading

d)

Planning, organizing, controlling, leading

3.

The ribbon control center can be found in Microsoft Word

a)

True

b)

False

4.

When organizing a business as a partnership, the ownership is limited to two partners.

a)

True

b)

False

5.

Microsoft Word is a full-feature word processing program that allows you to create professional-looking

documents.

a)

True

b)

False

6.

A resume is a snapshot of a person’s background, skills, and other qualifications

a)

True

b)

False

7.

A sole proprietorship is a company owned by a single individual.

a)

True

b)

False

8.

You cannot hyperlink text in a Microsoft Word document

a)

True

b)

False

9.

When setting a SMART goal, it should be specific, measurable, attainable, realistic, and timely.

a)

True

b)

False

10.

Used by insurance companies to measure risk and create a premium

a)

Premium

b)

Probability

11.

The amount or responsibility an insurance company will pay for a loss

a)

Homeowner’s Insurance

b)

Coverage

12.

A document detailing the terms and conditions of the insurance contract

a)

Deductible

b)

Insurance Policy

13.

Provides protection for your entire lifetime and builds a cash value over time

a)

Whole life insurance

b)

Coverage

14.

The amount you pay for insurance

a)

Premium

b)

Policy Holder

15.

This type of insurance can protect against damage to the home and damage against items in the home

a)

Homeowner’s Insurance

b)

Coverage