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CBA DAYS VIRTUAL QUIZ BOWL

Total questions: 30

Worksheet time: 21mins

Name
Class
Date
1.

Reaching toward an objective or striving to meet a mission statement would fall into what part of management?

a)

Planning

b)

Directing

c)

Controlling

d)

Staffing

2.

Profit is the difference between

a)

assets and liabilities

b)

the incoming cash and outgoing cash

c)

the assets purchased with cash contributed by the owner and the cash spent to operate the business

d)

the assets received for goods and services and the amounts used to provide the goods and services

3.

The methods used to estimate a property of a population or draw conclusion about a population on the basis of a sample.

a)

Descriptive Statistics

b)

Sample Statistics

c)

Inferential Statistics

d)

Population Statistics

4.

Which of the following actions or commands cannot be undone in Microsoft Word?

a)

Saving a document

b)

Font color change and font size change

c)

Borders and shading

d)

Paragraph alignment and page orientations

5.

A job description should contain which of the following?

a)

Benefits.

b)

Duties.

c)

Number of positions required.

d)

Salary.

6.

What would be a correct formula for sum in excel?

a)

=SUM(B3:B9)

b)

=SUMB3+B9

c)

SUM(B3:B9)

d)

=ADD(B3:B9)

7.

A characteristic of a population.

a)

Parameter

b)

Perimeter

c)

Quality

d)

Description

8.

The amount of cash inside your purse is an example of ______________.

a)

Nominal Level Data

b)

Ordinal Level Data

c)

Interval Level Data

d)

Ratio Level Data

9.

Customer I.D. numbers and document serial numbers are example of ___________.

a)

Numerical Data

b)

Categorical Data

c)

Quantitative Data

d)

Continuous Data

10.

Which of the following would not normally operate as a service business?

a)

Pet Groomers

b)

Restaurant

c)

Video Rentals

d)

Styling Salon

11.

When solving a group conflict, you should:

a)

Establish a winner and loser group

b)

Resolve it in such a way that there is no apparent winner or loser

c)

Smooth over the problem, hope it will go away with time

d)

Support the position with the most people involved

12.

Which command should you use to cancel a recent command or action?

a)

File tab, close button

b)

Shortcut Menu, Cancel command

c)

Home ribbon, Clear Formatting button

d)

Quick Access Toolbar, Undo button

13.

Received utility invoice to be paid next month

a)

Increase assets, increase liabilities

b)

Increase liabilities, decrease stockholders’ equity

c)

Increase assets, increase stockholders’ equity

d)

No affect

14.

A sample of 10 students in their business course provided their grades as follows:

{1.5 | 1.2 | 1.8 | 1.6 | 1.5 | 2.0 | 1.4 | 2.1 | 1.3 | 1.9}

Find the mean grade of these 10 students.

a)

1.63

b)

1.60

c)

1.50

d)

1.71

15.

When resolving problems between two employees, the manager should:

a)

Base all decisions on the employees attitudes

b)

Remember that differences exist between employees personalities

c)

Make your decision based on the employees behavior

d)

Stall for time, because time fixes everything

16.

If the variance of a data set is correctly computed with the formula using (n – 1) in the denominator, which of the following is true?

a)

the data set is a sample

b)

the data set is a population

c)

the data set could be either a sample or a population

d)

the data set is from a census

17.

The assets and liabilities of the company are $155,000 and $60,000 respectfully. Stockholders’ equity should equal

a)

$215,000

b)

$155,000

c)

$60,000

d)

$95,000

18.

To be able to formulate a workable plan you must first:

a)

Have knowledge of utilities’ policies & rules.

b)

Know of available resources.

c)

State the objective to be achieved.

d)

Understand the utilities’ methods & procedures.

19.

The sum of deviations of the individual data elements from their mean is

a)

always greater than zero

b)

always less than zero

c)

sometimes greater than and sometimes less than zero, depending on the data elements.

d)

always equal to zero

20.

Received cash for services provided

a)

Increase assets, increase liabilities

b)

Increase liabilities, decrease stockholders’ equity

c)

Increase assets, increase stockholders’ equity

d)

No affect

21.

Which style of management would be most effective in an emergency situation?

a)

Autocratic

b)

Consultative

c)

Delegating

d)

Participating

22.

Alex needs to add three cells and then divide the sum by 4. Which of the following is an example of the correct formula to do this?

a)

=(A1+A2+A3)/4

b)

A1+A2+A3/4

c)

=A1+A2+A3^4

d)

(A1+A2) + A3/4

23.

If total liabilities decreased by $25,000 during a period of time and stockholders' equity increased by $30,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is

a)

$65,000 increase

b)

$5,000 decrease

c)

$5,000 increase

d)

$65,000 decrease

24.

In a sample of 800 students in the University of the Visayas, 160, or 20%, are Business majors. Based on that information, the school's paper reported to the top management that "20% of all the students at the university are Business majors." This report is an example of

a)

a sample

b)

a population

c)

statistical inference

d)

descriptive statistics

25.

Which statement is true?

a)

A manager’s status within the organization does not influence communication with subordinates

b)

In a well operated organization, communication always flows upward

c)

The manager/subordinate status does not have any influence on communications between the two parties

d)

People prefer, most of the time, to communicate with the higher status level positions

26.

If total assets decreased by $47,000 during a period of time and stockholders' equity increased by $24,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is

a)

$23,000 increase

b)

$47,000 decrease

c)

$71,000 decrease

d)

$71,000 increase

27.

After conducting the departmental examination, the results generated a report that shows the average or mean score is lower than expected. The professor is not satisfied with only getting the average score as he wants to interpret the results on a deeper level. After several statistical measures generated, the professor is quite glad since he found out that most of the students scored above the Mean score. The report generated a lower mean score because extreme deviations with 3 students having very low scores. Given this information, the data is most likely:

a)

Skewed to the right

b)

Positively skewed

c)

Skewed to the left

d)

Have zero skewness

28.

In Microsoft Excel, you want to enter a series of dates down a column. What would be the best tool for the job?

a)

Find and Replace

b)

Cut and Paste

c)

Spelling Checker

d)

AutoFill

29.

The standard deviation of a sample of 100 observations of hotel prices equals 81. The variance of the sample equals

a)

9

b)

6,561

c)

162

d)

8,100

30.

In Microsoft Excel, which of these number formats would you want to apply to a cell showing the total sales for the month?

a)

Percentage

b)

Currency

c)

Date

d)

Accounting