Business Communication Ultimate Quiz! Trivia

34 Questions | Total Attempts: 66

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Business Communication Ultimate Quiz! Trivia

Business communication ultimate quiz trivia! In a business setting, it is important that information be shared with ease when needed so as to promote an organizations goals and objectives. Communication is different with the different chains of command. Do you know some of the common words used in a business setting and what they mean? This quiz will help refresh your memory. Give it a shot and see how much you recall.


Questions and Answers
  • 1. 
    When an account that has been written off using the direct write-off method is collected, the revenue account used is ____.
    • A. 

      Allowance of Uncollectible Accounts

    • B. 

      Collection of Uncollectible Accounts

    • C. 

      Resales

    • D. 

      Uncollectible Accounts Revenue

  • 2. 
    At the end of a fiscal period, a business must show how much rent received in advance has become ____.
    • A. 

      An expense

    • B. 

      A revenue

    • C. 

      An asset

    • D. 

      A liability

  • 3. 
    In the entry to journalize the employer payroll taxes expense for a semimonthly period, the account debited would be
    • A. 

      Salary Expense

    • B. 

      Payroll Taxes Expense

    • C. 

      Unemployment Tax Payable-Federal

    • D. 

      Cash

  • 4. 
    The sales returns and allowances account is known as a ____.
    • A. 

      Contra cost account

    • B. 

      Contra revenue account

    • C. 

      Contra sales discount account

    • D. 

      Departmental cost account

  • 5. 
    Which accounting concept is applied when it is stated that the earnings of a business must be satisfactory to continue operations?
    • A. 

      Adequate Disclosure

    • B. 

      Consistent Reporting

    • C. 

      Going Concern

    • D. 

      Materiality

  • 6. 
    A business that prepares departmental margin statements for two departments should have ____.
    • A. 

      No income summary accounts

    • B. 

      one income summary accounts

    • C. 

      two income summary accounts

    • D. 

      Three income summary accounts

  • 7. 
    Which of the following does not require an entry on the company's books?
    • A. 

      Sales of preferred stock

    • B. 

      Sales of common stock

    • C. 

      Sales of stock by one investor to another investor

    • D. 

      Declaration of dividends

  • 8. 
    If the departmental margins are 30% of net sales, the company's net income for the fiscal period will normally be ____.
    • A. 

      30% of net sales

    • B. 

      More than 30% of net sales

    • C. 

      Less than 30% of net sales

    • D. 

      Greater than the cost of merchandise sold

  • 9. 
    Responsibility accounting traces revenues, costs, and expenses to ____.
    • A. 

      The accounting department

    • B. 

      Each employee

    • C. 

      The income statement

    • D. 

      Individual managers who are responsible for making decisions about those revenues, costs, and expenses

  • 10. 
    In the check register, the Bank Balance column indicates the ____
    • A. 

      Balance of cash in the checking account

    • B. 

      Amount of the last credit to Cash

    • C. 

      Amount of the last deposit to the checking account

    • D. 

      Bank balance for reconciling the bank statement

  • 11. 
    If a company has a total revenue of $150,000, the cost of goods sold of $59,600, and total expenses of $72,985, its gross profit is
    • A. 

      $77,315

    • B. 

      $17,415

    • C. 

      $132,585

    • D. 

      $90,400

  • 12. 
    If the cost of ending merchandise inventory is understated, the cost of merchandise sold will be ____.
    • A. 

      Understated

    • B. 

      Overstated

    • C. 

      Not affected

    • D. 

      Undetermined

  • 13. 
    When a special payroll account is used, the balance after all payroll checks have been cashed is ____.
    • A. 

      Zero

    • B. 

      The amount of payroll taxes due

    • C. 

      the total amount of deductions

    • D. 

      Cannot be determined from the information given

  • 14. 
    If the principal of a 90-day note is $5,000.00 and the interest due at maturity is $125.00, the interest rate on the note is ____.
    • A. 

      9.0%

    • B. 

      9.5%

    • C. 

      10.0%

    • D. 

      12.0%

  • 15. 
    The three main parts of an oral presentation are ____.
    • A. 

      An anecdote, the body, and the summary

    • B. 

      An introduction, the body, and the summary

    • C. 

      A quotation, the intermediate, and the closing

    • D. 

      an introduction, the body, and the closing

  • 16. 
    The interviewer has just asked Craig why he left his previous job. Which answer is most likely to help Craig get hired?    "Because my employer had unreasonable expectations." "Because I felt it was time to move into a more challenging and responsible position." "Because my employer violated federal safety regulations." All of these answers are equally beneficial to Craig.
    • A. 

      "Because my employer had unreasonable expectations."

    • B. 

      "Because I felt it was time to move into a more challenging and responsible position."

    • C. 

      "Because my employer violated federal safety regulations."

    • D. 

      All of these answers are equally beneficial to Craig.

  • 17. 
    Trite expressions such as "please find enclosed" should be avoided by using the conversational word or phrase ____.
    • A. 

      Enclosed herewith

    • B. 

      Enclosed please find

    • C. 

      Please

    • D. 

      Enclosed

  • 18. 
    Determine which of the following sentences is punctuated correctly.
    • A. 

      Networking includes contacting friends, relatives, former employers, classmates from school, etc. in an attempt to find a job.

    • B. 

      Networking includes contacting friends, relatives, former employers, classmates from school, etc., in an attempt to find a job.

    • C. 

      Networking includes contacting friends, relatives, former employers, classmates from school etc. in an attempt to find a job.

    • D. 

      Networking includes contacting friends, relatives, former employers, classmates from school etc., in an attempt to find a job.

  • 19. 
    Identify the statement that is written correctly.
    • A. 

      By the fall of 2000, merchandise that appeals to graduates of the year 2002 will be available.

    • B. 

      As long as the economy is strong you will see more specialized products for sale.

    • C. 

      Call Business Strategies 2000, if you have an innovative product to market.

    • D. 

      When you open your own business be prepared to have sufficient funds for living expenses.

  • 20. 
    Which of the following is a result of providing calm, professional service?
    • A. 

      Customers routinely take advantage of such service providers.

    • B. 

      Customers become emotional, trying to get some sympathy out of the service provider.

    • C. 

      Customers get discouraged by the lack of attentiveness and go elsewhere.

    • D. 

      Customers appreciate that type of service and are more likely to behave in a similar manner.

  • 21. 
    Negative words such as accuse, deny, and fault cause the reader or listener to ____.
    • A. 

      Become responsive and alert to the message

    • B. 

      Assume the blame for the problem

    • C. 

      Listen more carefully

    • D. 

      Become defensive and unresponsive

  • 22. 
    Technical words should be used when writing to ____.
    • A. 

      Specialists in the area

    • B. 

      Scientists in another career field

    • C. 

      People with limited technical background

    • D. 

      Customers

  • 23. 
    Which of the following will not provide a helpful influence on a meeting?
    • A. 

      Be flexible

    • B. 

      Discuss ideas

    • C. 

      Use body language to your advantage

    • D. 

      All of the above will help provide a helpful influence

  • 24. 
    The receiver is less likely to attach the correct meaning to a word ____.
    • A. 

      The less familiar the word is

    • B. 

      the more familiar the word is

    • C. 

      the more the receiver hears the world

    • D. 

      The fewer meanings he or she attaches to the word

  • 25. 
    A "doublet" is formed by ____.
    • A. 

      Joining two simple sentences with the word "and"

    • B. 

      Joining two subjects with the word "and"

    • C. 

      Joining by "and" two words with practically the same meaning

    • D. 

      Joining two paragraphs with a transition

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