A Business Pre-test Question Paper

The statement is true because GPA does indeed stand for Grade Point Average. GPA is a numerical representation of a student's academic performance, typically calculated on a scale of 0 to 4. It is used by educational institutions to measure and compare students' achievements.

Including religion in a resume is not recommended because it is a personal and sensitive topic that should not be a factor in the hiring process. Employers are prohibited from discriminating based on religious beliefs, so including this information could potentially lead to bias or discrimination. It is more appropriate to focus on professional qualifications and relevant experiences when creating a resume.

This statement is false because in order to keep your financial aid, most institutions require students to maintain a certain GPA and have good attendance. If a student earns low grades and has poor attendance, they are likely to be at risk of losing their financial aid.

The Career Cluster that prepares individuals for careers related to families and human needs is Human Services. This cluster focuses on providing assistance and support to individuals and communities, such as social work, counseling, and childcare. It involves working with people to address their physical, emotional, and social needs, and to improve their overall well-being. Careers in Human Services often involve working in settings such as schools, hospitals, non-profit organizations, and government agencies.

The statement given is incorrect. Expenses are not how much money you earn. Expenses refer to the amount of money you spend or the costs incurred for various purposes such as bills, groceries, rent, etc. It is the opposite of earnings or income. Therefore, the correct answer is False.

Grades, attendance, and activities in high school can actually have an impact on a student's ability to earn financial aid. Many scholarships and grants consider academic performance and extracurricular involvement as criteria for eligibility. Additionally, maintaining a certain GPA may be a requirement to continue receiving financial aid in college. Therefore, it is incorrect to say that these factors do not affect a student's ability to earn financial aid.

It is true that each college has specific requirements for admission, which often include completing certain courses in high school. These required courses vary from college to college and may include subjects such as English, math, science, and foreign languages. Meeting these requirements is essential for students to be considered for acceptance into a particular college.

All of the options mentioned in the question are forms of outdoor advertising. A billboard is a large outdoor advertising structure typically found in high-traffic areas. Advertising on a bus involves placing advertisements on the exterior of buses, making them visible to people on the streets. Automobile wraps and stickers refer to advertising messages that are applied to vehicles, turning them into mobile billboards. Therefore, all of these options qualify as forms of outdoor advertising.

The correct answer is Information Technology (IT) because it includes careers in the design and development of hardware, software, multimedia, and computer systems. IT professionals work with computer technology, networks, databases, programming languages, and other related areas. They are responsible for creating, implementing, and maintaining technology solutions for businesses and organizations. Careers in IT can range from software development and programming to network administration and cybersecurity.

The money Beatrice has remaining after selling her sweaters and paying her expenses is called profit. Profit is the financial gain that is earned from a business venture or investment after deducting all expenses and costs. It represents the surplus or excess income generated from the sale of goods or services. In Beatrice's case, it refers to the amount of money she has left over after covering her expenses and selling her sweaters.

All of the listed jobs fall under the Arts, A/V (Audio/Visual) Technology & Communications cluster. An actor is involved in performing arts and uses audio and visual elements to communicate a story or character. A journalist uses audio and visual technology to gather and report news stories. An artist uses various mediums, including audio and visual, to express their creativity and communicate ideas. Therefore, all three jobs are part of the Arts, A/V Technology & Communications cluster.

Beatrice sells 10 sweaters at $15.00 each, which gives her a total revenue of 10 * $15.00 = $150.00. However, it only costs her $12.00 to make each sweater, so her total cost is 10 * $12.00 = $120.00. To find out how much money she has left, we need to subtract her total cost from her total revenue: $150.00 - $120.00 = $30.00. Therefore, Beatrice has $30.00 left.

The correct answer is "Both A and B" because using testimonials and celebrity endorsements are both forms of advertising. Testimonials involve using the opinions and experiences of satisfied customers to promote a product, while celebrity endorsements involve using a well-known figure to endorse or sell a product. Using a credible source, such as a dentist, to sell a product is also a form of advertising. Therefore, both options A and B are correct as they both represent different forms of advertising.

The statement is true because profit is calculated by subtracting expenses from revenue. This calculation allows businesses to determine the amount of money they have earned after deducting all the costs incurred in generating that revenue. By subtracting expenses from revenue, businesses are able to measure their profitability and make informed decisions about their financial performance.

The best way to avoid credit card debt is by paying your bill in full and on time. This means that you should not carry a balance on your credit card and make sure to make the payment by the due date. By doing so, you will avoid accruing interest charges and late fees, which can lead to debt. Additionally, paying your bill in full and on time will help you maintain a good credit score, which is important for future financial endeavors.

The safest and most professional email address style to use on a resume is typically one that includes the person's name in a clear and professional manner. In this case, [email protected] is the best choice as it follows the format of using the first initial followed by the last name, which is a common and professional style for email addresses. The other options, such as [email protected] and [email protected], are less professional and may give a negative impression to potential employers.

A debit card functions similarly to a credit card, with the main difference being that the funds used for purchases are directly deducted from the user's checking or savings account. This means that the user can only spend the amount of money they have available in their account, unlike a credit card where they can borrow money up to a certain limit. Therefore, the statement "A debit card is like a credit card, but the money is taken out of your checking or savings account" is true.

Joe spends more than he makes because his total monthly expenses amount to $275, which is greater than his monthly earnings of $250. This indicates that Joe is not able to cover all of his expenses with his current income and may need to make adjustments in his spending habits or find ways to increase his earnings in order to achieve a balanced budget.

An investor is indeed someone who provides money or resources to a corporation or enterprise with the expectation of gaining financial or other benefits. This individual is willing to take on the risk associated with the investment in the hopes of receiving a return on their investment.

The most important feature when buying a cell phone varies depending on the needs of the user. Some users prioritize a good camera for photography purposes, while others prioritize internet connectivity for browsing and streaming. Cost is also a significant factor for many users. Therefore, the importance of each feature depends on the individual's specific requirements and preferences.

In the Additional Skills section of a resume, it is most appropriate to include bilingual skills. This section allows candidates to highlight any additional qualifications or abilities that may be relevant to the job they are applying for. Bilingual skills are considered valuable in many industries, as they can demonstrate effective communication and the ability to work with diverse populations. Including bilingual skills in the Additional Skills section allows employers to easily identify this important attribute and consider it when evaluating the candidate's suitability for the position.

An entrepreneur is a person who starts his or her own business in hopes of earning a profit. This individual takes the initiative to identify opportunities, develop innovative ideas, and take risks in order to create and manage a successful venture. They are driven by the desire to be their own boss, create something new, and potentially achieve financial success. Entrepreneurs are often characterized by their determination, creativity, and willingness to take on challenges in the pursuit of their goals.

Fixed expenses are expenses that remain constant or unchanged every month, regardless of any fluctuations in other factors. These expenses are typically essential and necessary for maintaining a certain standard of living or running a business. Rent is a classic example of a fixed expense as it is usually a set amount that needs to be paid regularly on a monthly basis, regardless of any changes in income or other financial circumstances. Therefore, the statement that fixed expenses, like rent, remain the same every month is true.

The correct answer is A plan for how you will spend the money you earn or receive. A budget is a financial plan that helps individuals or organizations allocate their income or resources to various expenses or goals. It involves setting priorities, estimating income and expenses, and making decisions on how to best utilize the available money. A budget helps in managing finances effectively, ensuring that expenses do not exceed income and allowing for savings and future financial goals.

In a first interview, negotiating pay is generally considered inappropriate. The primary purpose of the initial interview is for both parties to assess each other's suitability for the role. Discussing salary expectations too early in the process can give the impression that the candidate is more focused on compensation rather than their qualifications and fit for the position. It is more appropriate to wait until a job offer is extended before discussing salary and benefits.

To calculate the profit, we need to subtract the total expenses from the total revenue. Since each bracelet is sold for $3 and 20 bracelets are sold, the total revenue is $3 x 20 = $60. The total expenses are $10 for beads and $5 for string, so the total expenses are $10 + $5 = $15. Therefore, the profit is $60 - $15 = $45.

Arriving 10 minutes early for an interview is the recommended time because it shows professionalism and preparedness. It gives you enough time to check in, compose yourself, and review any last-minute details before the interview starts. Being punctual demonstrates respect for the interviewer's time and indicates that you are reliable and organized. Arriving too early, such as one hour early, may inconvenience the interviewer and make you appear overly eager or anxious. Being late, even by just 5 minutes, can create a negative first impression and suggest a lack of time management skills.

All of the above options are true about texting while driving. Many states have implemented laws against texting while driving to discourage this dangerous behavior. Additionally, it is true that most teens choose not to text and drive. Lastly, texting while driving is considered a form of distracted driving, which can be deadly as it diverts the driver's attention from the road.

Ethos refers to the ethical appeal or credibility of the speaker or writer. It is about building trust and establishing the speaker's credibility. Pathos refers to the emotional appeal that aims to evoke emotions and connect with the audience on an emotional level. Logos refers to the logical appeal that relies on facts, evidence, and logical reasoning to persuade the audience. Therefore, the correct answer is Ethos- Ethics (build trust), Logos- Logic (facts), Pathos- Emotion.

Equity refers to the ownership interest or share of an individual or entity in a business. Therefore, it is correct to say that another word for owning part of a business is equity.

This answer is correct because careers in finance involve providing services for financial and investment planning, banking, insurance, and business financial management. Professionals in this field work in various roles such as financial analysts, investment bankers, financial planners, and insurance underwriters, among others. They help individuals and businesses make informed financial decisions, manage their funds, and mitigate risks.

The statement suggests that all colleges provide financial aid. This means that every college offers some form of financial assistance to its students. This can include scholarships, grants, loans, or work-study programs. The answer "True" indicates that the statement is correct and that financial aid is indeed provided by all colleges.

Jobs in the Hospitality and Tourism career cluster involve planning, managing, and providing lodging, food, recreation, conventions, and tourism, and related planning and support services such as travel-related services. This includes jobs in hotels, sporting events, and amusement parks.

The objective is the resume component where you should state your career goal. It is a concise statement that outlines your desired position or industry, highlighting your skills and aspirations. This section helps employers understand your career objectives and determine if you are a good fit for the position they are offering.

The correct answer is "A group that a product is aimed towards to ultimately buy that product (Teens, Elderly)". This answer accurately describes the concept of target market, which refers to a specific group of consumers that a product or brand is intended to appeal to and ultimately purchase the product. In this case, the target market includes both teens and the elderly.

Net income is the income you make AFTER taxes are taken out. This is because taxes are deducted from your total income to calculate the net income, which is the actual amount of money you take home after all deductions. Therefore, the statement "Net income is the income you make BEFORE taxes are taken out" is incorrect.

The correct answer is "Everyone else has a pair of Jordans...so should you!" This statement uses the bandwagon approach in advertising by suggesting that since everyone else has a pair of Jordans, the person should also get one to fit in and be part of the trend. It appeals to the desire to be part of a popular group and creates a sense of FOMO (fear of missing out) to encourage the purchase of Jordans.

Gina's gross annual income is $55,000 because it is stated in the question that she earns an annual salary of $55,000.

Net monthly income refers to the total amount of income that an individual or household has left after all deductions, such as taxes, insurance, and other expenses, have been taken out. It represents the actual amount of money that is available for spending or saving on a monthly basis. Unlike gross monthly income, which is the total income before deductions, net monthly income provides a more accurate picture of one's financial situation and their ability to meet their expenses. Net monthly income is an important figure for budgeting and financial planning purposes.

An interviewer can typically determine if a candidate is a good match for the company within the first few minutes of the interview. During this time, the interviewer can assess the candidate's demeanor, communication skills, and overall fit with the company culture. First impressions can be quite telling, and initial observations often play a significant role in the interviewer's decision-making process. Therefore, it is reasonable to expect that within 5 minutes, the interviewer can form an initial judgment about the candidate's suitability for the position and the company.