WorksheetsPractice Diploma -Business
Total questions: 30
Worksheet time: 8hrs 30mins
What are the benefits of keeping good record keeping system?
It provides easy access to important Business information
Helps to prepare financial statements easily
Keeps close track of business operations, including the performance of your employees
.All of these
Which of the following is not a business document?
Letter of Enquiry
Catalogue or Quotation
Order letter
.Facebook chat
Which of the following is/are the primary benefits of documentation?
Available For Analysis
Can Be Compared Version To Version
.No Operational Ambiguity
None of these
documents provide information needed for the business to function efficiently
Business
Political
.Identity
Immigration
What must be noted when registering records?
Record format
Access information
Indexing
Date
What is a characteristics of a record?
Authors
Footers
Content
Appendices
What is a manual system for record storage?
An online system
A cloud-based system
A paper based system
An electronic system
What is self management?
Letting your emotions take control of you
Controlling your thoughts, behavior, and emotions.
Not having choices
Postponing Things
Which of the following is not a self-management skill ?
Problem Solving
Bargaining
Understanding Self
Confidence Building
What does time management mean ?
To use time effectively and appropriately.
To use non-verbal communication.
To express ideas clearly.
To complete tasks in an appropriate manner.
A lot of people always say that they don't have time to do what they want or need to do when in fact _________________________________________________
They know how to organise their activities
They don't know how to calculate their activities
They don't know how to organise their activities
They don't know how to reduce their activities
What is the problem solving skills ?
Take a break
Set goals
Assume that a solution exists
Make a task list
Which of the following is an exchange between a buyer and a seller to an asset for payment?
marketing transaction
financial transaction
sales transaction
accounting transaction
Financial transactions are recorded by
alphabetical order
chronological order
sequential order
ID numbers
Which of the following is a transaction in which asset is transferred from buyer to seller for money or credit using marketing?
Sales
Purchase
Payment
Receipt
Coco paid her lawyer $2,000 to set up her corporation, Coco Plus.
Which type of transaction is this?
Sales
Purchase
Payment
Receipt
Coco purchased deluxe sewing materials at the local fashion store.
Which type of transaction is this?
Sales
Purchase
Payment
Receipt
In what accounting element can we classify INVENTORIES?
Asset
Liabilities
Equity
Expense
If the total liabilities is P 15, 000 and the total assets is P 23,000, what is the total equity using the accounting equation?
P 8,001
P 8,000
P 8,000.01
P 8200
In what accounting element can we classify SALARY EXPENSE?
Asset
Liabilities
Equity
Revenue
What account type is the cash account?
Liability
Asset
Equity
Revenue
The process of planning, pricing, promoting, selling, and distributing ideas, goods, or services to create exchanges that satisfy customers.
Marketing
Market Segmentation
Mass Marketing
Target Market
Politicians use marketing techniques to promote their platform or
Goods
Ideas
Services
Foundation
All people who share similar needs and wants and who have the ability to purchase a given product are called a
Market
Kingdom
Book Club
Denomination
7. The group of people most likely to become customers and that is identified for a specific marketing program is the
Group
Customer Profile
Target Market
Market Group
____________ and _____________ are internal factors that affect a business operation.
Weaknesses and Threats
Strengths and Opportunities
Opportunities and Threats
Strengths and Weaknesses
A formal, written, document that directs a company's activities for a specific period of time is a
Target Plan
Executive Summary
Target Market
Marketing Plan
The combined stages of a project are known as what?
Lifecycle
Lifetime
Life long
Life sentence
What name is given to different groups involved in a project?
Stakeholders
Members
Clients
General public
Which of the following might cause a project to fail?
Poor planning
Poor logo design
Poor quality coffee
Poor dress sense
