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Principles of Business and Finance Midterm Review!!!

Total questions: 25

Worksheet time: 28mins

Name
Class
Date
1.

What are qualities one should possess when interacting in a professional conversation?

a)

Listen Well and be engaged in your responses

b)

Provide somewhat true information

c)

Follow the Leader's flow of conversation

d)

Present the information in a calm manner

2.

Why is it important to organize your notes in the business setting?

4 lines
3.

What is NOT a common approach to organizing information?

a)

Chronological Order

b)

Alphabetical Order

c)

Deductive Order

d)

Inductive Order

4.

What type of communication style do you find yourself using most often?

a)

Controllers

b)

Collaborators

c)

Analyzers

d)

Socializers

5.

When was the last time you had to send a professional email and why?

4 lines
6.

What are the 4 communication styles?

4 lines
7.

A leadership style that gives little or no direction to employees

a)

Lassiez-faire

b)

Democratic

c)

Autocratic

d)

Implementing

8.

The process of achieving company goals by effective use of resources through planning, organizing and controlling → Management

a)

True

b)

False

9.

What is the term for all activities involved in developing and exchanging products?

a)

Corporation

b)

Economics

c)

Entrepreneurship

d)

Business

10.

What are the four Functions of Business?

a)

Form, Place, Time, Information, Possession

b)

Production, Finance, Marketing, Management

c)

Traditional, Command, Market, Mixed

d)

Supply and Demand, Profit Motive, Competition

11.

In order to be understood on the telephone, a business's employees should always:

a)

enunciate clearly.

b)

speak from notes

c)

speak rapidly

d)

use technical terminology

12.

Verizon wants their sales and marketing people to work together, be outgoing, and to enjoy meeting new people in a constantly changing environment. What type of person is that company looking to hire?

a)

controller

b)

analyzer

c)

collaborator

d)

socializer.

13.

All calls coming into a business should end as pleasantly as possible in order to:

a)

provide callers with accurate information

b)

leave a good last impression with callers

c)

make the best use of an employee's time

d)

help an employee get a good review

14.

Google has a relaxed atmosphere and believes that creativity comes from a stress-free workplace. What type of person is that company looking to hire?

a)

analyzer

b)

collaborator

c)

controller

d)

strategic

15.

If you want to send an email to a person and let them know that you are also sending the email to another person, you should use:

a)

reply

b)

bcc

c)

cc

d)

reply all

16.

What is a Goal?

What is a Goal that you want to accomplish before the end of the year?

4 lines
17.

The Five C's of Business Writing are:

a)

Color, Clarity, Carats, Complete, and Correct

b)

Clear, Concise, Courteous, Complete, and Correct

c)

Clear, Concise, Comfortable, Complete, and Confusing

d)

Clear, Coercive, Complaining, Complete, and Correct

18.
The science of the management of money and other assets; the management of money, banking,investments, and credit.
a)
Accounting
b)
Finance
c)
Capital
d)
Financial Services
19.
The declining value of money due to rising prices.
a)
Inflation
b)
Deflation
c)
Risk 
d)
Present value
20.

What is the Acronym for S.M.A.R.T Goals?

4 lines
21.

Why is it important to adhere to safety guidelines at work?

4 lines
22.

What does OSHA stand for?

a)

Occupational Supplies Hazard Association

b)

Optional Systems Happening Accordingly

c)

Occupational Safety And Health Act

d)

Obviously She's Honest Apparently

23.

Factors that should be evaluated when assessing information’s quality

a)

Validity

b)

Reliability

c)

Accuracy

d)

Timeliness

e)

Bias

24.

What is the most exciting thing that you've learned from Principles of Business & Finance?

4 lines
25.
A fee paid for the use of money over time. In other words, it’s the cost of borrowing money.
a)
Risk
b)
Late fee
c)
Interest
d)
Borrower's charge