Business & Computer Science Final Exam Study Guide

LAN stands for Local Area Network, which is a network that connects computers and devices within a limited geographical area such as a home, office, or building. It allows for the sharing of resources, such as printers and files, and enables communication between devices connected to the network. Therefore, the given statement "LAN is Local Area Network" is true.

The four P's in marketing are Product, Place, Promotion, and Price. Place refers to the distribution channels and locations where the product is made available to the target customers. It involves decisions related to retail stores, online platforms, warehouses, and logistics. Place is an important aspect of marketing as it ensures that the product reaches the right customers at the right time and place, maximizing convenience and accessibility.

This question is asking for a term that describes people who work for someone else. The term that fits this description is "employee."

Price is the determining factor of both supply and demand because it affects the behavior of both buyers and sellers in the market. When the price of a product increases, the quantity supplied by producers also increases as they are motivated to supply more at higher prices. On the other hand, buyers tend to demand less of a product when its price increases, resulting in a decrease in demand. Conversely, when the price decreases, the quantity supplied decreases while the demand increases. Therefore, price plays a crucial role in determining the equilibrium between supply and demand in the market.

The given statement is true. A website URL, or Uniform Resource Locator, is a specific address that is used to locate a website on the internet. In this case, the example provided is www.typingweb.com, which is a valid website URL.

The Internet is indeed an example of a Wide Area Network (WAN) because it connects computers and networks across large geographical distances. A WAN is a network that spans a wide area, such as a country or the entire globe, and the Internet fulfills this criteria by connecting devices and networks worldwide. It allows for the transmission of data, communication, and access to various resources on a global scale. Therefore, the statement "The Internet is an example of a Wide Area Network (WAN)" is correct.

A firewall is a security measure that helps block dangerous viruses from accessing your computer. It acts as a barrier between your computer and the internet, monitoring incoming and outgoing network traffic. By filtering and analyzing this traffic, a firewall can identify and block potential threats, including viruses, malware, and other malicious software. This helps protect your computer and data from being compromised or infected by harmful viruses. Therefore, the statement that a firewall is used to help block dangerous viruses from reaching your computer is true.

Microsoft Word is a word processing software that is primarily used for creating and editing documents. It provides a wide range of tools and features to format text, add images, tables, and other elements to create professional-looking documents. It allows users to easily type, edit, and format text, making it an ideal tool for creating reports, letters, resumes, and other types of documents. Therefore, the correct answer is "documents".

The 4 P's of Marketing are widely recognized as the fundamental elements that make up a marketing strategy. Product refers to the actual goods or services being offered, Price refers to the amount customers are willing to pay for the product, Place refers to the distribution channels used to make the product available to customers, and Promotion refers to the marketing activities used to communicate and promote the product. Therefore, the statement that the 4 P's of Marketing are Product, Price, Place, and Promotion is true.

The asterisk (*) is used as the multiplication operator in Excel. This means that when you want to multiply two or more numbers in Excel, you would use the asterisk symbol between them. For example, if you want to multiply the numbers 5 and 10, you would write "=5*10" in a cell, and Excel would calculate the product, which in this case would be 50.

Flaming, which refers to sending hurtful or mean messages on the Internet, is a form of cyberbullying. Cyberbullying involves using electronic communication to harass, intimidate, or harm others. Flaming specifically targets individuals by sending offensive or hurtful messages online, causing emotional distress and potentially damaging their reputation. It is important to recognize and address cyberbullying to create a safe and inclusive online environment.

If you earn more than you spend, it means that your income exceeds your expenses. This results in a surplus or positive difference between the two. This surplus is known as profit. Profit is a financial gain that indicates the success and profitability of a business or individual. It can be used for reinvestment, savings, or other financial goals.

WAN stands for Wide Area Network, which is a type of computer network that covers a large geographical area, such as multiple buildings, cities, or even countries. It connects multiple local area networks (LANs) together, allowing devices and users in different locations to communicate and share resources. The other options, "work around network" and "local area network," do not accurately define the acronym WAN. Therefore, the correct answer is Wide Area Network.

The statement is true because the Gwinnett County Public School's Intranet is a network that is limited to a specific geographical area, such as a school or a building. A Local Area Network (LAN) is designed to connect computers and other devices within a small area, allowing them to share resources and communicate with each other. In this case, the Gwinnett County Public School's Intranet serves as a LAN, connecting the computers and devices within the school district's network.

Entrepreneurs are individuals who own, operate, and take risks in a business venture. They are known for their ability to identify opportunities, innovate, and create new businesses. Unlike employees who work for someone else, entrepreneurs are driven by their own vision and are willing to take on the financial and personal risks associated with starting and running a business. They are often characterized by their passion, determination, and willingness to work hard to achieve their goals.

CPU is an acronym for central processing unit, which is the primary component of a computer system responsible for executing instructions and performing calculations. It acts as the brain of the computer, processing data and controlling the other hardware components. The term "central" refers to its central role in coordinating and executing tasks, while "processing unit" emphasizes its function of processing data and instructions.

Nike would set the price high because when there is high demand for a product, companies often increase the price to maximize their profits. In this scenario, if people around the world want to buy a pair of Nike's new shoes, the company would take advantage of the high demand and set the price high to capitalize on the market demand and generate more revenue.

If you spend more than you earn, it means you are incurring expenses that exceed your income. This results in a negative financial situation where you are experiencing a loss. Loss refers to the deficit or shortfall between your expenses and income, indicating that you are operating at a financial loss.

An entrepreneur is a person who starts their own business. They take the initiative to create and develop a new venture, taking on the financial risks involved. They are known for their innovative thinking and ability to identify opportunities in the market. Unlike a business owner or manager, an entrepreneur is typically involved in every aspect of the business, from planning and organizing to marketing and decision-making.

The statement accurately describes a table as a collection of information organized in a grid format with columns and rows. This format allows for easy organization and retrieval of data. Therefore, the correct answer is true.

Microsoft Publisher is a desktop publishing software that allows users to create various types of documents such as calendars, cards, brochures, and flyers. It provides templates and tools specifically designed for creating visually appealing and professional-looking materials. This software is not used for creating spreadsheets, presentations, or keyboarding activities.

RAM stands for random access memory. It is a type of computer memory that allows data to be accessed in any random order, rather than sequentially. This means that any piece of data can be retrieved quickly, regardless of its location in the memory. RAM is volatile memory, meaning that its contents are lost when the power is turned off. It is used by the computer to temporarily store data that is actively being used by the CPU, providing fast and temporary storage for running programs and data.

A modem is a device that connects your computer to the internet. It converts the digital signals from your computer into analog signals that can be transmitted over telephone lines or cable lines. The modem also receives analog signals from the internet and converts them back into digital signals that your computer can understand. Therefore, a modem is the correct answer as it is specifically designed for connecting computers to the internet.

Being the boss is not a disadvantage of entrepreneurship because it gives individuals the freedom to make their own decisions and have control over their business. While entrepreneurship does come with risks, uncertain income, and long working hours, being the boss allows entrepreneurs to have autonomy and the ability to shape their business according to their vision and goals. This can be seen as an advantage rather than a disadvantage.

Texting on your cell phone during a business meeting is never acceptable. It is important to give full attention and respect to the meeting and the people present. Texting can be seen as disrespectful, unprofessional, and can disrupt the flow of the meeting. It is best to avoid using your cell phone during a business meeting unless it is an emergency situation.

Communication is the ability to effectively convey and receive information through speaking, listening, reading, and writing. It is crucial for functioning successfully in various settings, such as personal relationships, professional environments, and social interactions. Good communication skills enable individuals to express their thoughts and ideas clearly, understand others, and establish strong connections. By being able to communicate effectively, individuals can overcome barriers, resolve conflicts, and collaborate with others, ultimately leading to success in their personal and professional lives.

The term "budget" refers to the process of making decisions about expenses based on the available money. It involves planning and allocating funds for various needs and wants. A budget helps individuals or organizations manage their finances by setting limits on spending and ensuring that expenses do not exceed income. Therefore, "budget" is the correct answer as it best describes the concept of making decisions about expenses based on the available money.

A watermark is a faint image or text that is usually added to a document to indicate its authenticity or to protect it from unauthorized use. It is often displayed as a washed out image in the background of the document. Therefore, the given correct answer, "watermark," accurately describes the appearance of a washed out image in documents.

In Microsoft Excel, the intersection of a column and a row is called a cell. A cell is the basic unit of a worksheet and is identified by a unique combination of a column letter and a row number. It is where data can be entered, edited, and manipulated. Cells in Excel can contain a variety of data types, such as numbers, text, formulas, and functions. They are used to organize and analyze data in a structured manner, making Excel a powerful tool for data management and analysis.

Pixels are small squares on a computer screen that reflect lights of color. They are the smallest units of display on a screen and are responsible for creating images and displaying information. Each pixel can emit a specific color, and when combined together, they form the images and text that we see on a computer screen. Therefore, pixels are the correct answer as they accurately describe the small squares on a computer screen that reflect lights of color.

An asset refers to something that you own or possess, which has value and can be used to generate future economic benefits. It can be tangible, such as property or equipment, or intangible, such as patents or copyrights. In contrast, a liability represents an obligation or debt that you owe to someone else. Since the question asks for something that you own, the correct answer is asset.

Something that you owe is referred to as a liability. A liability is an obligation or debt that an individual or entity owes to another party. It represents a future sacrifice of resources, such as money or services, that the debtor is obligated to provide. In contrast, an asset represents something of value that an individual or entity owns or controls.

The correct answer is "Supply refers to how many goods you have to sell." This is because supply refers to the quantity of goods or services that producers are willing and able to offer for sale at a given price in a given time period. It represents the amount of goods available in the market for consumers to purchase.

When the price of a good increases, it becomes less affordable for consumers, leading to a decrease in demand. As the price increases, consumers are less willing or able to purchase the good, resulting in a decrease in the quantity demanded. This is a fundamental principle of economics known as the law of demand, which states that there is an inverse relationship between price and quantity demanded.

MP3 is the most common sound format on the web because it is a widely supported audio format that offers good sound quality with relatively small file sizes. This makes it ideal for streaming and downloading audio files over the internet. WAV, WMV, and AVI are all valid sound formats, but they are less commonly used on the web compared to MP3.

In Microsoft Word, documents can be displayed in two different views: landscape and portrait. The landscape view is wider than it is tall, making it suitable for displaying content that is wider, such as tables or graphs. On the other hand, the portrait view is taller than it is wide, making it more suitable for displaying content that is longer, such as paragraphs of text. These two views allow users to choose the orientation that best suits their content and formatting needs.

Browsers are the correct answer because they are specifically designed software applications that allow users to access and view documents on the Internet and World Wide Web. Browsers provide a graphical user interface and interpret HTML code to display web pages, allowing users to navigate through websites, access hyperlinks, and view various types of content such as text, images, videos, and interactive elements. Examples of popular browsers include Google Chrome, Mozilla Firefox, Microsoft Edge, and Safari.

SCRATCH is a program used in computer science to code or program. It is a visual programming language that allows users to create interactive stories, games, and animations by dragging and dropping blocks of code. It is designed to teach programming concepts to beginners and is widely used in educational settings to introduce students to coding.

The correct answer is "the quantity desired by the people at a certain price level." This is because demand refers to the amount of a product or service that consumers are willing and able to buy at a given price. It represents the desire and willingness of consumers to purchase a particular good or service at a specific price point. The quantity desired by people at a certain price level reflects their preferences and buying behavior in relation to the price of the product.

A partnership is a business structure where there are two or more owners of the business. This means that the business is collectively owned and managed by multiple individuals who share the profits, losses, and responsibilities. Unlike other business structures, such as sole proprietorships or corporations, partnerships allow for shared decision-making and liability among the owners. It is not limited to just two partners, as there can be more than two individuals involved in a partnership.

When saving files on a computer, the character that is allowed in the file name is the underscore (_). The underscore is a commonly used character in file names as it is easily readable and does not cause any conflicts or errors. It is a valid character that can be used to separate words or indicate spaces in file names.

The home row keys on a keyboard are the keys where the fingers of both hands rest when typing. These keys are located in the middle row of the keyboard and include the letters "a", "s", "d", "f" for the left hand and "j", "k", "l", ";" for the right hand. These keys are considered the base position for typing and help maintain proper hand placement and finger reach while typing.

The file extension "jpg" is commonly used for photographs. It stands for Joint Photographic Experts Group, which is the organization that developed the JPEG image compression format. JPEG is widely used for storing and sharing digital photographs due to its ability to compress image files without significant loss of quality. Other file extensions listed, such as "gif" (Graphics Interchange Format), "ppt" (PowerPoint), and "psd" (Adobe Photoshop Document), are not primarily associated with photographs.

The correct answer is "User Friendly" because a website that is easy to use implies that it is designed in a way that is intuitive and accessible for users. It means that the layout, navigation, and overall design of the website are designed with the user's needs and preferences in mind, making it easy for them to find information, navigate through different pages, and complete tasks without confusion or frustration.

Businesses provide goods and services for the outside parties. Goods refer to tangible products that can be seen and touched, such as clothing, electronics, and food. Services, on the other hand, are intangible offerings that provide assistance or perform tasks for customers, such as consulting, banking, and healthcare. By offering both goods and services, businesses cater to the diverse needs and preferences of their customers, ensuring a comprehensive and satisfactory experience.

A clickable link that takes you from one document to another, or to any resource, even within the same document, with text that is highlighted in some fashion is called a hyperlink.

The ribbon is the correct answer because it is the central command in Microsoft Office programs. It contains tabs and groups that are used for editing documents. The ribbon provides users with easy access to various tools and features within the program, making it a vital component for editing and formatting documents.

Explanations for this answer could include: "While jokes can sometimes help to clear tension in the office, they are not always a good way to do so. Different people have different senses of humor and what may be funny to one person could be offensive or inappropriate to another. Additionally, jokes can sometimes perpetuate stereotypes or create a hostile work environment. Therefore, it is not accurate to say that jokes are always a good way to clear tension in the office."