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Intro to Business Final (Fall 2025)

Total questions: 75

Worksheet time: 44mins

Name
Class
Date
1.

A set amount that you can charge on a credit card that is approved by the credit card company after application is ___________.

a)

finance charges

b)

transaction fee

c)

foreign currency fee

d)

credit limit

2.

The debts of a company are called

a)

assets.

b)

liabilities.

c)

credits.

d)

capital.

3.
A target market is a group of consumers that have similar wants and needs.
a)
True
b)
False
4.
Liabilities are
a)
what a company owes
b)
the value of the owners’ investment in the company
c)
what a company owns
d)
what a company has on hand to sell
5.
All income that a business receives over a period of time
a)
revenue
b)
expenses
c)
profit
d)
loss
6.
When you go to a movie, make a deposit at the bank, get a haircut, take a swimming lesson, use your telephone, or ride a bus, you are using services.
a)
True
b)
False
7.
People with poor credit ratings pay a higher interest rate to borrow money than people with good credit rating.
a)
true
b)
false
8.
A grocery store is this type of business
a)
retail
b)
procedures
c)
partnership
d)
franchise
9.
Principles of conduct governing an individual or group
a)
Ethics
b)
Human Relations
c)
Management
d)
Leadership
10.
Ethical behavior involves all employees, not just a company’s executives and managers.
a)
True
b)
False
11.

When creating a chart in Excel, what is the first thing you need to do?

a)

Select the data to be graphed.

b)

Select the Insert Tab

c)

Choose a chart from the ribbon

d)

Double click the active cell

12.

To alert Excel that you are entering a formula and not text, type a(n) ____________ preceding the formula.

a)

&

b)

=

c)

#

d)

*

13.

What is this icon in Excel?

a)

Sum

b)

AutoSum

c)

Insert Function

d)

Object

14.

What is this icon in Excel?

a)

Sum

b)

AutoSum

c)

Insert Function

d)

Object

15.

What is this icon in Excel?

a)

Zoom

b)

Sort and Filter

c)

Symbol

d)

Merge and Center

16.

Which of the following formulas show the correct use of the SUM function?

a)

-SUM(H3-H10)

b)

=SUM(H3:H10)

c)

=SUM(H3...H10)

d)

+SUM(H3:H10)

17.

See the following formula. Which of the following formula is the another method of the given formula?

=(B2+C2+D2+E2)/4

a)

= SUM (B2,C2,D2,E2)

b)

= MAX(B2:E2)

c)

= SUM(B2,E2/4)

d)

= AVERAGE (B2:E2)

18.

If you type =2*(6-4) in cell A1, what will be the display value?

a)

2

b)

4

c)

6

d)

8

19.

What is the Sum formula?

a)

Sum( )

b)

Sum( )=

c)

=( )Sum

d)

=Sum( )

20.

If you click on a letter at the top of an Excel spreadsheet, what have you done?

a)

selected a cell

b)

selected a range of cells

c)

selected a row of data

d)

selected a column of data

21.

If you click a number at the left of an Excel spreadsheet, what have you done?

a)

selected a cell

b)

selected a range of cells

c)

selected a row of data

d)

selected a column of data

22.

The letters in Excel represent the...

a)

Rows

b)

Columns

c)

Cells

d)

Data

23.
What is the name given to the intersection of a row and a column in a spreadsheet? 
a)
cell
b)
block
c)
cube
d)
square
24.

What is the name of this Cell ?

a)

6B

b)

A5

c)

6A

d)

B6

25.

What is the formula sign for multiply in excel?

a)

/

b)

*

c)

X

d)

-

26.

How do you properly specify a range of cells?

a)

B1;B16 (semicolon)

b)

B1-B16(dash)

c)

B1:B16(colon)

d)

B1,B16(comma)

27.

Budget

a)

Anything that you might incur an expense for

b)

Is a spending plan for managing your money that includes income and expenses

c)

All expenses deducted from income before net pay can result.

d)

Income after all deductions have been paid.

28.

Needs

a)

Necessary items that are paid monthly./yearly such as food, housing, transportation, utilities, & Insurance

b)

Things you would like to have but are not necessary for life.

c)

Income from all sources that are spent for necessary items

d)

Anything that you might incur an expense for.

29.

Wants

a)

Necessary items for life that are paid monthly/yearly such as food, housing, transportation, utilities, insurances

b)

Expenses that equal all the fixed and variable expenses added together

c)

Things or tems that a person would like to own or purchase that is not necessary for life; Ex. entertainment, video games, etc.

d)

Income from all possible sources

30.

Gross Income

a)

Hard copy of revenue

b)

Income from all sources before deductions such as retirement, health insurance, federal, state, and local taxes, etc

c)

all expenses for the month

d)

income left over after taxes

31.

Net pay

a)

Revenue before deductions

b)

State and local taxes

c)

Income after all deductions have been paid

d)

I don't know i just want pizza and wings

32.

What percent of your monthly net income should go toward savings?

a)

30%

b)

11%

c)

20%

d)

5%

e)

10%

33.
What is the purpose of product differentiation?
a)
To simplify pricing
b)
To target mass markets
c)
To minimise prodution
d)
To target individual market segments
34.

Is this a positive or negative incentive?

a)

Positive

b)

Negative

35.

Find all the positive incentives.

a)

Sale

b)

Discount

c)

Coupon

d)

Fine

e)

Penalty

36.

What is Inflation?

a)

Money being able to buy more products

b)

is rising general level of products and it reduces the “production power” of money.

c)

is rising general level of prices and it reduces the “purchasing power” of money.

d)

is lowering general level of prices and it raises the “purchasing power” of money.

37.

What are the three causes of Inflation?

a)

Supply Chain

b)

Overspending

c)

Federal Reserve

d)

Gas Prices

38.

The amount of a good or service that producers are willing and able to sell at all possible prices during a given period of time.

a)

Supply

b)

Demand

c)

Factor of Production

d)

Production

39.

When there is a shortage the price will usually?

a)

rise

b)

fall

c)

remain the same

d)

equilibrium

40.

If you see the following in excel, what does it mean?

######

a)

the formula has an error

b)

the contents are too large to display

c)

text was entered where numbers should be

41.

To arrange data in alphabetical or numerical order is what?

a)

coding

b)

sorting

c)

graphing

d)

grouping

42.
A Graphic representation of data. A circle is divided into sectors which shows a percentage of a whole.
a)
Line Chart
b)
Pie Chart
c)
Bar Chart
d)
Graphs
43.
A Graphic representation of data. The bar can be VERTICAL or Horizontal, but a vertical graph is also known as a column chart.
a)
Bar Chart
b)
Pie Chart
c)
Graphs
d)
Line Chart
44.
A type of chart which displays information as a series of data points called 'markers' connected by straight line segments. 
a)
Pie chart
b)
Line Chart
c)
Bar Graphs
d)
Graphs
45.

Sheet tabs are located ____________

a)

Bottom right and identifies the name of the sheet

b)

Bottom left and identifies the name of the worksheet

c)

Center of the page

d)

Top right corner of the workbook

46.

What is interest?

a)

A hobby or something you like to do

b)

Money that you pay to borrow money or earn for saving money

c)

A new video game

d)

A type of food

47.

Shows the change between the previous day's closing price and the current day's closing price

a)

52-week high

b)

Volume

c)

Close

d)

Net Change

48.

The highest price at which one share was traded over the last year

a)

Low

b)

52-week low

c)

High

d)

52-week high

49.
Branding is a part of which P?
a)
Price
b)
Place
c)
Product
d)
Promotion
50.
Which of the following is NOT one of the 4 P's or marketing
a)
Product
b)
Price
c)
Place
d)
Publish
51.
How and where a product will be distributed describes this P of marketing.
a)
Price
b)
Place
c)
Promotion 
d)
Product
52.
Which P represents where consumers can buy a product or service?
a)
Product
b)
Place
c)
Price
d)
Promotion
53.
Which P represents how you reach the audience by advertising online or on billboards?
a)
Product
b)
Place
c)
Price
d)
Promotion
54.
what to make, how to package it, what brand name to use and what image to project
a)
price
b)
product
c)
target market
d)
Marketing mix
55.

It refers to the tangible good or intangible service offered by the business to the target consumers

a)

PRODUCT

b)

PRICE

c)

PLACE

d)

PROMOTION

56.

It refers to a mode, means, or tool used by the entrepreneur to position the product in the target market segment efficiently and effectively deliver it to the consumers and to convince them about their benefits that they will derive from buying the product

a)

Entrepreneurship

b)

Marketing strategy

c)

Marketing Mix

d)

Market Segmentation

57.
What is not a method of advertising?
a)
Sales
b)
Television
c)
Radio
d)
Magazines
58.
To buy a product, customers in a market must first
a)
be willing to buy the product
b)
locate the product in a store
c)
learn the product's features
d)
make sure the product is on sale
59.

What concept is best explained by the statement, ʺMoney spent here cannot be spent thereʺ?

a)

Law of diminishing return

b)

Opportunity cost

c)

Significant Purchase

d)

Delayed Gratification

60.

The purpose of advertising is to:

a)

Persuade The Consumer

b)

Inform the Consumer

c)

Appeal to the consumer

d)

All these choices

61.

Identify which method companies are using to compete for your money: ʺ90-days-same-as-cashʺ

a)

Personal Selling

b)

Product Positioning

c)

Financing

d)

Media

62.

Identify which method companies are using to compete for your money: TV commercials

a)

Personal Selling

b)

Product Positioning

c)

Financing

d)

Media

63.

Identify which method companies are using to compete for your money: Car salesman

a)

Personal Selling

b)

Product Positioning

c)

Financing

d)

Media

64.

What is interest?

a)

A hobby or something you like to do

b)

Money that you pay to borrow money or earn for saving money

c)

A new video game

d)

A type of food

65.
Assets 
a)
Anything owed by the company
b)
Anything owned of value by the company
66.

XYZ Furniture Company produces tables, sofas, and bar stool chairs. The following units were sold this month:

Sofas- 12 units at $125/each

Tables- 6 units at $85/each

Bar Stool Chairs- 24 units at $65/each

How much did XYZ Furniture Company make in sales revenue this month?

(a)  

67.

What is a liability in the context of business finance?

a)

Money owed to creditors

b)

Revenue generated from sales

c)

Assets owned by the company

d)

Investments made by shareholders

68.

Which term refers to the vertical arrangement of cells?

a)
stack
b)
column
c)
row
d)
tier
69.

Which function in Excel allows you to add up a range of numbers quickly?

a)
ADD
b)
SUMMATION
c)
SUM
d)
TOTAL
70.

Which function allows you to count the number of cells in a range that contain numbers?

a)
SUM
b)
AVERAGE
c)
MAX
d)
COUNT
71.

Which feature allows you to automatically fill cells with data based on a pattern or sequence?


a)
AutoGenerate
b)
AutoFill
c)
AutoPopulate
d)
AutoComplete
72.

Which function allows you to find the highest value in a range of cells?


a)
AVERAGE
b)
SUM
c)
MAX
d)
MIN
73.

An equation that calculates a new value from values currently in a worksheet:

a)

Formula

b)

Template

c)

Merge

d)

Blank document

74.

Appear horizontally and are identified by numbers on excel is called:

a)

Spreadsheet

b)

Landscape

c)

Row

d)

Columns

75.

calculates the simple average of a set of numbers

a)

SUM

b)

AVERAGE

c)

MIN

d)

MAX

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