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1. A sales representative is providing a presentation on the sales from the previous quarter. She wants to  display the sales by each representative. Which format will be the best to use?

Explanation

A bar graph would be the best format to use in this scenario because it allows for easy comparison between the sales of each representative. The length of each bar represents the sales amount, making it simple to see which representative had the highest or lowest sales. Additionally, the bars can be color-coded or labeled to further differentiate between the representatives.

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About This Quiz
Want A Computer Related Job? Start By Taking This Quiz! - Quiz

A computer is a machine that can be programmed to carry out sequences of arithmetic or logical operations automatically. Modern computers can perform generic sets of operations known... see moreas programs. These programs enable computers to perform a wide range of tasks.
Want A Computer Related Job? Start By Taking This Quiz!
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2. One advantage to providing online business classes is:

Explanation

Providing online business classes allows students to work at their own pace. This means that they can progress through the material at a speed that suits their individual learning style and schedule. It allows for flexibility and personalized learning, which can enhance understanding and retention of the content.

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3. Harold received the following email from his manager, Cindy.   Harold, I repeatedly told everyone in the office that the investors would be here today  at 9:00 am.  You  picked today of all days to show up without a suit and tie on. You looked like a mess. Comb your hair, clean your shirt, and look presentable.   What is Harold's manager reprimanding him for?

Explanation

The manager is reprimanding Harold for his appearance and attire because she mentions that he showed up without a suit and tie and looked like a mess. She instructs him to comb his hair, clean his shirt, and look presentable, indicating that his appearance was not appropriate for the occasion.

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4. A student's computer will not print a document. What is the first step to troubleshoot the problem?

Explanation

The first step to troubleshoot the problem of a computer not printing a document is to check the devices to ensure that the printer is installed. This is because if the printer is not properly installed or recognized by the computer, it will not be able to print. By checking the devices, the user can verify if the printer is connected and installed correctly, and take further steps accordingly to resolve the issue.

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5. Who would most likely be the chairperson of a business program advisory committee:

Explanation

A business or industry professional would most likely be the chairperson of a business program advisory committee because they have the practical experience and expertise in the field. They can provide valuable insights and guidance to ensure that the program aligns with current industry trends and requirements. Additionally, their connections and networks within the business community can help in establishing partnerships and internships for students, enhancing the overall quality and relevance of the program.

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6. DIRECTIONS: Read the sentence and choose the best response. 13) Gina had exams in the following classes math, history, and science.

Explanation

The correct answer is "classes: math, history, and". This is the correct punctuation for listing the classes that Gina had exams in. The colon is used to introduce the list, and the comma is used to separate the individual classes.

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7. Marco is a college student interested in the treasurer position for the local chapter of the Nursing Association at his school. He needs to send an email to the president of the association detailing why he believes he is a good candidate.  Which of the following best communicates his strengths?

Explanation

The answer "My strong math, organizational, and time-management skills make me a good candidate for the position" best communicates Marco's strengths because it directly addresses the requirements of the treasurer position. It highlights his specific skills that are relevant to the role, such as math, organization, and time-management, which are essential for handling finances and maintaining records. This answer demonstrates that Marco understands the responsibilities of the position and how his skills align with them, making him a suitable candidate.

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8. Two parties are in disagreement about language in a contract. They take the contract to court for a judge to review. Upon review, there are handwritten notes and figures in the margins of the document. All the notes and figures are initialed by each party but there are miscalculations. Which of the following statements is correct?

Explanation

The handwritten notes and figures will supersede the type-written text because they have been initialed by each party, indicating their agreement and acceptance of the changes made. The miscalculations may be seen as errors, but they do not invalidate the changes made in the margins. Therefore, the court is likely to consider the handwritten notes and figures as the accurate representation of the parties' intentions and enforce them in the contract.

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9. The laser printer is not producing vivid pictures as it once did. What step should be taken to fix the issue?

Explanation

To fix the issue of the laser printer not producing vivid pictures, the step that should be taken is to replace the toner. The toner is responsible for providing the ink necessary to create the images or text on the printed page. Over time, the toner can become depleted or worn out, leading to a decrease in print quality. By replacing the toner, the printer will be able to produce vibrant and clear pictures once again.

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10. Choose the sentence that is grammatically correct. 

Explanation

The correct answer is "The teammates wore special uniforms in honor of their late coach." This sentence is grammatically correct because it uses the correct verb tense ("wore") and possessive pronoun ("their") to indicate that the uniforms belonged to the teammates. Additionally, the use of "in honor of" correctly expresses the reason for wearing the uniforms.

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11. Which of the following is a resume format that highlights experience in a time-delineated layout and is  often used by people who have a strong and consistent work history?

Explanation

A chronological resume format is a layout that emphasizes a person's work experience in a time-ordered manner, starting with the most recent job and going back in reverse chronological order. This format is commonly used by individuals who have a strong and consistent work history as it allows employers to easily see their career progression and stability. It is effective in showcasing the candidate's growth and development over time, making it a suitable choice for those with a solid work background.

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12. DIRECTIONS: Read the question and select the best response.   Which of the following principles forms the accrual basis of accounting where revenue is reported  when the item is sold?

Explanation

The revenue recognition principle states that revenue should be recognized or reported when it is earned, regardless of when the payment is received. This means that revenue should be recognized when the goods or services are delivered to the customer and the customer is obligated to pay for them. In this case, the revenue is reported when the item is sold, indicating that the revenue recognition principle is being followed.

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13. During a weekly team meeting, a colleague shares an article with the group about a new federal grant program that supports the research your team is conducting. This is an example of

Explanation

The colleague sharing an article about a federal grant program during a team meeting demonstrates external awareness. External awareness refers to being knowledgeable about and staying informed about external factors that may impact the team or organization. In this case, the colleague is showing awareness of an external opportunity (the federal grant program) that could benefit the team's research. By sharing this information, the colleague is demonstrating an understanding of the importance of staying informed about external resources and opportunities that could support the team's work.

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14. Using LIFO, what is the gross profit margin?  

Explanation

The correct answer is 53% because using LIFO (Last In, First Out) method means that the most recent inventory costs are matched with revenue first. This results in higher costs of goods sold and lower gross profit margin compared to other inventory costing methods. Therefore, the gross profit margin would be 53% in this case.

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15. What is the name of the file used to record student grades before the grades are entered into the District's records database?

Explanation

A source document is a record that contains the original information about a transaction or event. In the context of student grades, a source document could be a physical document like a test or assignment that contains the grades before they are entered into the District's records database. This document serves as a primary source of information and is used to ensure accuracy when transferring the grades into the database.

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16. DIRECTIONS: Read the question and choose the best response. A student's computer is running slowly. Which step should you do first to troubleshoot the issue?

Explanation

To troubleshoot a slow computer, the first step should be to run a virus scan. This is because a computer infected with viruses or malware can significantly slow down its performance. By running a virus scan, any potential threats can be detected and removed, which may help improve the computer's speed. Checking the power source, force quitting applications, or rebooting the computer may not directly address the issue of a slow computer.

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17. Which of the following is an example of machine-to-machine communication?

Explanation

An automated monthly record backup process is an example of machine-to-machine communication because it involves the transfer of data from one machine to another without human intervention. This process is typically set up to occur automatically at regular intervals, ensuring that important data is backed up regularly without the need for manual intervention. This type of communication is efficient and reliable, as it eliminates the potential for human error or delays in the backup process.

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18. Why would it be advantageous for this business to use LIFO instead of FIFO when calculating profit?

Explanation

Using LIFO (Last In, First Out) instead of FIFO (First In, First Out) when calculating profit can be advantageous for this business because LIFO assumes that the most recently purchased inventory is sold first. This means that the cost of goods sold will include the higher-priced inventory, resulting in lower reported profits and, consequently, lower taxable income. By paying less in taxes, the business can retain more of its earnings, which can be reinvested or used for other purposes to further grow the business.

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19. What is the best resource for a student looking for occupational information about materials engineers ?

Explanation

O*NET is the best resource for a student looking for occupational information about materials engineers because it is a comprehensive database that provides detailed information about various occupations, including job duties, required skills, education and training requirements, salary information, and career outlook. It is widely used by career counselors, job seekers, and students to explore different career paths and make informed decisions about their future.

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20. A company in Country A builds a manufacturing plant in Country B. Upon completion, a company in Country B takes over management and operations of the plant. This is an example of what type of international business?

Explanation

A wholly-owned subsidiary is a type of international business where a company establishes a new entity in a foreign country and has full ownership and control over it. In this case, the company in Country A builds a manufacturing plant in Country B and then transfers the management and operations to a company in Country B. This indicates that the company in Country A has complete ownership and control over the subsidiary in Country B, making it a wholly-owned subsidiary.

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21. What is the purpose of the GAAP?

Explanation

The purpose of the GAAP (Generally Accepted Accounting Principles) is to provide a set of approved accounting standards for businesses to follow. These standards ensure consistency, transparency, and accuracy in financial reporting, allowing investors, creditors, and other stakeholders to make informed decisions. GAAP provides guidelines for recording, summarizing, and presenting financial information in a standardized format, ensuring comparability and reliability across different companies and industries. By following GAAP, businesses can enhance their credibility, facilitate financial analysis, and ensure compliance with regulatory requirements.

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22. Which of the following best desaibes a bank loan to a borrowing customer?

Explanation

A bank loan is a liability for the customer because they are obligated to repay the borrowed amount along with any interest. It is an asset for the bank because they will receive interest payments and have the right to collect the loan amount.

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23. Psychographics are used to target which of the following consumer characteristics?

Explanation

Psychographics are used to target consumer characteristics based on their values and lifestyle. This means that marketers use psychographics to understand consumers' attitudes, beliefs, interests, opinions, and behaviors in order to create targeted marketing campaigns. By understanding consumers' values and lifestyle, marketers can tailor their messaging and offerings to better resonate with their target audience and increase the chances of conversion.

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24. Which of the following media is the best way to advertise fast and cheap?

Explanation

Newspaper is considered the best way to advertise fast and cheap because it offers a wide reach and is relatively inexpensive compared to other forms of media advertising. Newspapers are easily accessible to a large audience and can be distributed quickly. Additionally, newspaper advertisements can be designed and published within a short time frame, making it an efficient option for businesses looking to advertise quickly and cost-effectively.

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25. Three custodial service companies formed a joint venture to provide maintenance services under a single contract with the school district. The joint venture did not result in any cost-savings to the district from the consolidation. The Federal Trade Commission found that the joint venture mainly operated to prevent the companies from offering competitive bids. What type of FTC violation is this scenario and example of?

Explanation

The scenario described in the question is an example of bid rigging. Bid rigging occurs when companies collude to manipulate the bidding process in order to eliminate competition and maintain higher prices. In this case, the three custodial service companies formed a joint venture to prevent themselves from offering competitive bids, which ultimately resulted in no cost-savings for the school district. This behavior violates antitrust laws and is considered bid rigging.

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26. When developing a press release, the information should be:

Explanation

When developing a press release, it is important for the information to be clear and concise. This means that the content should be easily understood and free from unnecessary details or jargon. A clear and concise press release ensures that the message is effectively communicated to the intended audience and increases the chances of it being picked up by media outlets. In contrast, an in-depth, detailed, and comprehensive press release may overwhelm the reader with excessive information and make it difficult for them to grasp the main points. Rushing through editing or distributing the press release immediately without ensuring clarity and conciseness can lead to errors or misunderstandings.

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27. If Georgina makes $1600 per month, she pays $250 in bills and $150 for her car, what is her debt to  income ratio?

Explanation

The debt to income ratio is calculated by dividing the total monthly debt payments by the monthly income. In this case, Georgina's total monthly debt payments are $250 + $150 = $400. Her monthly income is $1600. Dividing $400 by $1600 gives a ratio of 0.25.

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28. Of the following actions, which is the most effective to improve performance among sales staff?

Explanation

Establishing a commission-based incentive program to encourage competition among sales staff is the most effective action to improve performance. This program provides a financial incentive for sales staff to perform at their best and compete with each other, driving them to achieve higher sales targets. It creates a competitive environment that motivates sales staff to work harder and be more productive. This approach not only rewards top performers but also encourages others to improve their performance to earn higher commissions. It aligns the interests of the sales staff with the company's goals, resulting in improved overall performance.

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29. Being the entrepreneur and sole proprietor can be very rewarding and risky. One of the biggest risks is:

Explanation

Being an entrepreneur and sole proprietor comes with the risk of losing personal investment. This means that if the business fails, the owner may lose the money they have invested in it. This risk is significant because it can have a significant impact on the individual's personal finances and overall financial stability. It highlights the importance of careful planning, decision-making, and risk management in the entrepreneurial journey.

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30. A nearby state college is hosting a career fair for students and professionals. Several students have expressed an interest in attending. Which activity should you assign to help prepare them for the job fair?

Explanation

To prepare students for a job fair, role-playing with them would be an effective activity. By engaging in role-play, students can practice their communication and networking skills, learn how to present themselves professionally, and gain confidence in interacting with potential employers. This activity allows them to simulate real-life scenarios they may encounter at the job fair, helping them to feel more prepared and comfortable in such situations.

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31. During a heated discussion, the supervisor began to speak slowly and in a low tone in order to keep the participants calm. Which of the following best describes this type of nonverbal communication?

Explanation

Vocalics refers to the study of paralanguage, which includes the tone, pitch, volume, and speed of speech. In this scenario, the supervisor speaking slowly and in a low tone is using vocalics to communicate a calming message to the participants. By adjusting their vocalics, the supervisor is attempting to maintain a calm and controlled atmosphere during the heated discussion.

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32. Using LIFO, what is the total cost of goods sold for 2018?

Explanation

The total cost of goods sold for 2018 is $140,000. This is determined by using the LIFO (Last In, First Out) method, which assumes that the most recently purchased inventory is sold first. Therefore, the cost of goods sold is calculated by adding up the costs of the inventory purchased throughout the year, starting with the most recent purchases. In this case, the total cost of goods sold is $140,000.

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33. Which of the following would NOT be recorded as a liability in the income statement?

Explanation

Accounts receivable would not be recorded as a liability in the income statement because it represents the amount of money that a company is owed by its customers for goods or services that have already been provided. It is considered an asset, as it represents the company's right to receive cash in the future. Liabilities, on the other hand, represent the company's obligations or debts, such as taxes payable, capital expenses, and loan interest payments.

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34. What does 1280 x 720 display resolution mean?

Explanation

The correct answer means that the display resolution of 1280 x 720 refers to the number of pixels that a display can accommodate. It indicates that the display has a width of 1280 pixels and a height of 720 pixels. This resolution determines the level of detail and clarity that can be displayed on the screen.

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35. Which of the following methods of communication would be the most appropriate for a supervisor to discuss an employee's performance review? 

Explanation

A personal meeting would be the most appropriate method of communication for a supervisor to discuss an employee's performance review. This is because a personal meeting allows for direct interaction, providing an opportunity for the supervisor to provide feedback, address any concerns, and have a two-way conversation with the employee. It also allows for non-verbal cues to be observed and ensures that the employee fully understands the feedback and expectations. Additionally, a personal meeting creates a more supportive and confidential environment, promoting open communication and trust between the supervisor and employee.

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36. DIRECTIONS: Refer to the following chart to answer the question below.   H2 Oh! Water Filters Income Statement Based on the income statement above, explain why the gross profit margin was higher in 2016 than  2017 even though H2 Oh! Water Filters recognized higher revenues in 2017.

Explanation

The gross profit margin is calculated by subtracting the cost of production from the revenue and dividing it by the revenue. Since the cost of production was lower in 2016 than in 2017, the difference between the revenue and cost of production was higher in 2016, leading to a higher gross profit margin. Even though the revenue was higher in 2017, the increase in cost of production offset the increase in revenue, resulting in a lower gross profit margin.

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37. Molly is managing her personal budget using the 50/20/30 rule. Her monthly income is $2500. How  much money should she be putting into her savings account each month?

Explanation

According to the 50/20/30 rule, Molly should be putting 20% of her monthly income into her savings account. Since her monthly income is $2500, 20% of $2500 is $500. Therefore, Molly should be putting $500 into her savings account each month.

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38. Which of the following parties transfers all contractual rights to another party:

Explanation

The correct answer is Assignor. An assignor is a party who transfers all contractual rights to another party, known as the assignee. The assignor gives up their rights and responsibilities under the contract and transfers them to the assignee. The assignee then becomes the new party who is entitled to the benefits and obligations of the contract.

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39. Which technique would you use to assess students' understanding of international finance before starting the unit?

Explanation

To assess students' understanding of international finance before starting the unit, a diagnostic technique would be used. This technique involves evaluating the students' prior knowledge and skills in the subject area. By using diagnostic assessments, the teacher can identify any gaps in understanding and tailor the instruction accordingly. This helps in designing effective and targeted lessons that address the specific needs of the students, ensuring a solid foundation before moving on to the unit on international finance.

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40. What is the intent of the last paragraph of a cover letter?

Explanation

The intent of the last paragraph of a cover letter is to convince the employer to schedule an interview. This paragraph typically summarizes the candidate's qualifications and expresses enthusiasm for the position. It aims to demonstrate the candidate's interest and suitability for the job, ultimately persuading the employer to consider them for further evaluation.

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41. Which answer choice best describes the situation when the price is raised on a product with elastic demand?

Explanation

When the price is raised on a product with elastic demand, the quantity demanded will decrease. This is because consumers are sensitive to price changes and will be less willing to purchase the product at a higher price. As a result, the demand for the product will decrease.

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42. Which of the following situations is NOT an example of copyright infringement?

Explanation

Using a teacher's computer to write a personal resume is not an example of copyright infringement because it does not involve copying or using someone else's copyrighted material without permission. Writing a personal resume on a teacher's computer does not violate any copyright laws as long as the content of the resume is original and does not infringe on any copyrighted material.

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43. Using LIFO, what is the gross profit?  

Explanation

The gross profit is $160,000 because LIFO (Last In, First Out) assumes that the most recently acquired inventory is sold first. Since the question does not provide any additional information or context, we can assume that the cost of goods sold is equal to the total value of inventory, which is $160,000.

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44. In comparison to a high context culture, what type of communication is most often used in low context cultures like the United States?

Explanation

In low context cultures like the United States, explicit verbal communication is most often used. This means that people in these cultures tend to rely on direct and clear verbal expression to convey their thoughts, ideas, and intentions. Unlike high context cultures where communication is more subtle and relies on nonverbal cues and shared understanding, low context cultures prioritize explicit and straightforward verbal communication to ensure clarity and avoid misunderstandings.

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45. A student needs help developing a resume but has no relevant work experience. What type of resume should the student develop?

Explanation

A functional resume would be the best option for a student with no relevant work experience. This type of resume focuses on skills and qualifications rather than work history. It allows the student to highlight their abilities and achievements, such as academic projects, volunteer work, or extracurricular activities, which can demonstrate their potential and suitability for a job. By using a functional resume, the student can showcase their transferable skills and make a strong impression on potential employers.

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46. Using the BACKSPACE function on a keyboard, where would the cursor go to delete the word "COMMA?"

Explanation

When using the BACKSPACE function on a keyboard to delete the word "COMMA," the cursor would go after the "A." This means that when pressing the BACKSPACE key, the cursor would move to the right of the letter "A" and delete it, effectively removing the entire word "COMMA."

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47. To avoid computer-induced eye strain, which of the following practices should be used when working at a computer for long periods of time?

Explanation

Taking breaks in natural light is recommended to avoid computer-induced eye strain because natural light helps to reduce eye fatigue and strain. Spending long periods of time staring at a computer screen can cause dry eyes, blurred vision, and eye strain. Taking breaks and exposing your eyes to natural light can help relax the eye muscles and reduce the strain on your eyes.

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48. In computer programming, the algorithm is used to order data in a particular sequence

Explanation

The correct answer is "Sort" because sorting is the process of arranging data in a specific order. This can be done in ascending or descending order based on certain criteria. Sorting allows for easier searching, organizing, and analyzing of data. It is an essential algorithm used in computer programming to efficiently manage and manipulate data sets.

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49. What is the purpose of the executive summary of a business plan?

Explanation

The purpose of the executive summary of a business plan is to encourage the reader to read the entire report. This section provides a concise overview of the entire plan, highlighting the key points and enticing the reader to delve deeper into the details. It serves as a hook to capture the reader's interest and convince them of the value and importance of the business plan.

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50. Silva would like to set aside money for the future. She has $1,000 now and would like to contribute a  set amount over time. She wants a federally insured account and she wants some check writing abilities.  Which of the following options would be most appropriate for the employee?

Explanation

A money market account would be the most appropriate option for Silva because it offers both federal insurance and check writing abilities. This type of account typically pays higher interest rates compared to regular savings accounts, making it a good option for setting aside money for the future. Additionally, money market accounts are known for their liquidity, allowing Silva to easily access her funds when needed. Certificates of deposit and U.S. savings bonds may offer higher interest rates, but they do not provide the same level of flexibility and check writing abilities.

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51. Lucie makes $60,000 a year. She puts 10% of her annual salary in savings and pays $6,000 in annual  taxes. What is Lucie's monthly take home pay?

Explanation

Lucie makes $60,000 a year and pays $6,000 in annual taxes. To find her monthly take home pay, we need to subtract the amount she saves and the amount she pays in taxes from her annual salary. Lucie saves 10% of her annual salary, which is $60,000 * 0.10 = $6,000. Subtracting this from her annual salary gives us $60,000 - $6,000 = $54,000. To find her monthly take home pay, we divide this amount by 12 (the number of months in a year): $54,000 / 12 = $4,500. Therefore, Lucie's monthly take home pay is $4,500.

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52. The print screen function produces what type of file?

Explanation

The print screen function captures the current screen display and saves it as a bitmap image. This image is then copied to the clipboard, allowing the user to paste it into other applications or documents. Therefore, the correct answer is "Bitmap image saved to the clipboard."

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53. DIRECTIONS: Read the scenario and choose the best response. Katherine is a volunteer basketball coach for the local YMCA. She needs to draft a letter that spells out the expectations for the participants and their parents.  Which would be the most professional closing line for Katherine's letter? 

Explanation

The most professional closing line for Katherine's letter is "I am looking forward to a great season and want to thank you in advance for your cooperation." This closing line expresses enthusiasm for the upcoming season and shows appreciation for the cooperation of the participants and their parents. It maintains a positive and professional tone, emphasizing the importance of working together to make the season successful.

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54. Two sales managers strongly disagree with the implementation of a new strategy and are causing discord with the rest of the team. As the manager, what type of conflict resolution should you implement to resolve this issue:

Explanation

In this situation, the best conflict resolution strategy would be to work with both employees to collaborate and solve the problem. By involving both managers in the resolution process, it allows them to express their concerns and perspectives while also finding a common ground and reaching a mutually beneficial solution. This approach promotes open communication, teamwork, and a sense of ownership over the resolution, which is essential for maintaining a harmonious and productive work environment.

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55. Ken has been unhappy with his lawn service for quite some time. He needs to give them a 30-day notice to end the contract. DIRECTIONS: Read the question and choose the best response. Which would be the most positive way to end his letter?

Explanation

The correct answer is "I appreciate your cooperation as we end our business relationship." This response is the most positive way to end the letter because it acknowledges the cooperation of the lawn service provider and maintains a professional tone while expressing the decision to end the contract.

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56. Which of the following is a tradeoff of owning a franchise?

Explanation

Owning a franchise involves a tradeoff of startup and royalty fees regardless of profit. This means that even if the franchisee does not make a profit, they are still required to pay these fees. This tradeoff can be seen as a disadvantage because it puts financial pressure on the franchisee and may affect their overall profitability. However, in return for these fees, the franchisee gains access to the established brand recognition in the market, as well as the guidance and support from the parent company.

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57. Compared with an implied contract, and expressed contract:

Explanation

An expressed contract is a written document that clearly states the agreement between parties. It is different from an implied contract, which is based on behaviors and actions rather than written language. Unlike an implied contract, an expressed contract is legally binding and can be recognized in court.

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58. What is the role of the school district's comptroller?

Explanation

The role of the school district's comptroller is to serve as the chief accountant for the school district. This means that they are responsible for managing and overseeing the financial activities of the district, including budgeting, financial reporting, and ensuring compliance with financial regulations. They play a crucial role in maintaining the financial health and stability of the school district by managing its financial resources and making informed financial decisions.

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59. DIRECTIONS: Refer to the following chart to answer the questions below. Using FIFO, what is the total cost of goods sold for 2018?

Explanation

The total cost of goods sold for 2018 can be calculated using the FIFO (First-In, First-Out) method. This method assumes that the first items purchased are the first ones sold. Looking at the chart, the cost of goods sold for 2018 can be calculated by adding the costs of the items sold in 2018. The cost of goods sold in 2018 is $135,000.

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60. Which of the following best describes the controlling phase of the management lifecycle?

Explanation

The controlling phase of the management lifecycle involves monitoring the outputs of a project or process and making necessary adjustments to ensure that goals and objectives are being met. This phase focuses on evaluating performance, comparing it to the desired outcomes, and taking corrective actions if necessary. It involves measuring progress, analyzing data, and making necessary changes to ensure that the project stays on track and achieves its intended results. This phase is crucial for maintaining control and ensuring that the project is progressing as planned.

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61. Using FIFO, what is the net profit?  

Explanation

The net profit using FIFO is $75,000. FIFO stands for "First In, First Out" and is a method of inventory valuation. It assumes that the first items purchased are the first ones sold. In this case, the cost of goods sold is deducted from the revenue to calculate the net profit. Since the cost of goods sold is $0, the net profit is equal to the revenue of $75,000.

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62. What type of corporation is valued based on its market value?

Explanation

A public company is valued based on its market value because it is traded on a stock exchange and its shares are bought and sold by the public. The market value of a public company is determined by the supply and demand for its shares in the open market. Investors and analysts use various methods to evaluate a public company's market value, such as analyzing its financial performance, industry trends, and comparing it to similar companies in the market. The market value of a public company can fluctuate based on factors such as investor sentiment, economic conditions, and company-specific news.

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63. Consumers and investors can receive information about a business and its credit rating from which of the following?

Explanation

Consumers and investors can receive information about a business and its credit rating from a DUNS number. A DUNS number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet, a leading provider of business information. It is used to track a company's credit history and financial stability, making it a valuable resource for individuals looking to assess the creditworthiness and reliability of a business.

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64. Which world organization encourages cooperation in global commerce:

Explanation

The International Monetary Fund (IMF) encourages cooperation in global commerce. The IMF is an international organization that aims to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It provides financial assistance, policy advice, and technical assistance to its member countries to help them overcome economic challenges and maintain stability in their economies. Through its efforts, the IMF plays a crucial role in fostering cooperation and coordination among countries in the field of global commerce.

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65. Which of the following statements describes how international corporations pay taxes?

Explanation

International corporations pay worldwide taxes means that they are required to pay taxes in all the countries where they operate and generate income. This implies that they are not limited to paying taxes only in their home country or the country where they make the most revenue. Instead, they are subject to taxation in multiple jurisdictions, reflecting their global operations and the need to contribute financially in each country where they conduct business.

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66. Your manager would like you to have an understanding of sales initiatives and has asked you to sit in  on a staff meeting. What behavior should you employ during the meeting?

Explanation

During the staff meeting, it is important to employ the behavior of critiquing. This means actively evaluating and providing constructive feedback on the sales initiatives being discussed. By critiquing, you can contribute to the conversation by offering suggestions for improvement or identifying potential issues. This behavior demonstrates your engagement and understanding of the topic at hand, and shows your manager that you are actively participating and taking the initiative to contribute to the discussion.

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67. Which of the following is an example of a capital expenditure?

Explanation

A capital expenditure refers to a significant investment made by a company to acquire or improve a long-term asset that will benefit the business over an extended period. While printer paper and luncheon for clients are considered regular operating expenses, materials for a construction project can be classified as a capital expenditure if they are used to enhance or expand the company's physical infrastructure. However, a new office building is the best example of a capital expenditure as it involves a substantial investment in a long-term asset that will provide ongoing benefits to the business.

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68. 33)Using FIFO, what is the gross profit?

Explanation

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69. Which of the following actions by the Federal Reserve System would decrease consumer spending?.

Explanation

Increasing the discount rate for member banks would decrease consumer spending because it would make borrowing more expensive for these banks. When member banks have to pay higher interest rates on their loans from the Federal Reserve, they are likely to pass on these higher costs to consumers in the form of higher interest rates on loans and credit cards. This would discourage consumers from borrowing and spending, leading to a decrease in consumer spending overall.

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70. Which television will produce the sharpest image?

Explanation

A television with a higher display resolution will produce a sharper image because it has more pixels packed into the screen. The resolution is measured by the number of pixels horizontally and vertically, so a television with a resolution of 3840 x 2160 will have a total of 8,294,400 pixels, which is higher than the other options. This means that it can display more details and finer lines, resulting in a sharper and more detailed image.

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71. From the list below, choose the best form of conflict management.

Explanation

Collaborate is the best form of conflict management because it involves actively working together with the other party to find a mutually beneficial solution. It promotes open communication, understanding, and compromise, allowing both parties to have their needs and interests met. This approach fosters a positive and constructive environment, where conflicts can be resolved effectively and relationships can be strengthened.

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72. Andrea is a project coordinator for a technology company. She has a direct supervisor and she supports two project managers on different projects. What type of organizational structure does Andrea probably work in?

Explanation

Andrea probably works in a matrix organizational structure. This is because she supports two project managers on different projects, indicating that there are multiple reporting lines and a combination of functional and project-based responsibilities. In a matrix structure, employees have dual reporting relationships, with one being a functional supervisor and the other being a project manager. This allows for more flexibility and efficient resource allocation in complex projects.

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73. A group of students visit a local manufacturing facility as part of their business education program. The visit included a guided tour of the facility, hands-on interaction with equipment in training mode, and an observation of the quality control process. Which type of career education programs is this an example of?

Explanation

This is an example of job shadowing because the students are observing and learning about the manufacturing facility and its processes, but they are not actively participating or working in the facility. They are simply "shadowing" an employee or guide to gain insights and knowledge about the industry and job roles.

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74. What is the purpose of developing a portfolio?

Explanation

The purpose of developing a portfolio is to demonstrate work samples. A portfolio is a collection of work that showcases an individual's skills, experience, and achievements. By including work samples in a portfolio, individuals can provide tangible evidence of their abilities and accomplishments to potential employers or clients. This allows them to showcase their expertise and demonstrate their suitability for a particular job or project. A portfolio can also serve as a visual representation of an individual's capabilities and can help them stand out from other candidates.

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75. Using FIFO, what is the gross profit margin?

Explanation

The gross profit margin is a financial metric that measures the profitability of a company by calculating the percentage of revenue that remains after deducting the cost of goods sold. FIFO (First-In, First-Out) is a method of inventory valuation where the oldest inventory items are sold first. This method can result in a higher cost of goods sold and therefore a lower gross profit margin. Therefore, the correct answer of 55% suggests that using the FIFO method, the company's gross profit margin is 55% of its revenue.

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76. Which of the following cases would most likely be resolved in probate court?

Explanation

The case involving the death of a person with kids and no will would most likely be resolved in probate court. Probate court is responsible for handling the distribution of a deceased person's assets and resolving any disputes regarding inheritance. In this case, since there is no will, the court would need to determine how the deceased person's estate should be divided among their children.

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77. You want to provide an authentic work assignment to business education students with special needs. Which activity would you choose to have the students perform?

Explanation

Counting a cash register would be the most suitable activity for business education students with special needs. This task would provide them with hands-on experience and practical skills related to handling money and managing cash transactions. It would also help them develop their mathematical abilities and attention to detail. Additionally, counting a cash register would simulate a real-life work environment, giving the students a sense of authenticity and relevance to their business education.

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78. Dr. Perez has decided to let an unreasonable, demanding patient go because of the way this man treats his staff members. What would be the most diplomatic yet firm way to address this issue in a letter?

Explanation

The selected answer is the most diplomatic yet firm way to address the issue in a letter. It clearly states the decision to let the patient go, while also offering to transfer their records to their new physician. This approach maintains professionalism and avoids directly criticizing the patient's behavior, which could escalate the situation further.

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79. The Statement of Shareholder's Equity includes which of the following items?

Explanation

The Statement of Shareholder's Equity includes common stock because it represents the amount of capital invested by shareholders in the company. This item shows the ownership interest of shareholders and is an important component of the company's equity section. The statement provides a summary of changes in shareholder's equity over a specific period, including the issuance or repurchase of common stock.

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80. The document is null once handwritten notes were added to the original. Which of the following is NOT an example of unethical behavior?

Explanation

Reporting harassment that was targeted at another employee is not an example of unethical behavior because it is important to report any form of harassment in the workplace to ensure a safe and respectful environment for all employees.

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81. What is the purpose of the Uniform Electronic Transaction Act of 1999?

Explanation

The purpose of the Uniform Electronic Transaction Act of 1999 is to support e-commerce. This act provides a legal framework for electronic transactions, ensuring that they are legally enforceable and recognized. It establishes rules and guidelines for electronic signatures, contracts, and records, promoting the growth and development of e-commerce. By providing a secure and reliable legal framework, this act encourages businesses and individuals to engage in electronic transactions, thereby supporting the growth of e-commerce.

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82. Which task would the advisory committee provide for a business education program?

Explanation

The advisory committee would provide the task of reviewing the business plan and providing advice for a business education program. This task involves analyzing the business plan and offering suggestions and recommendations to improve it. The committee's role is to provide guidance and expertise to ensure the program's success and effectiveness.

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83. Choose the sentence that is grammatically correct:

Explanation

While she was out of town on business, a thief broke into her home and stole her car, computer, and jewelry.

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84. Which of the following situations is an example of legal, yet unethical behavior?

Explanation

Offshoring work to exploit cheap labor and avoid environmental regulations is an example of legal, yet unethical behavior because it involves taking advantage of vulnerable workers and disregarding environmental standards in order to maximize profits. While it may not be illegal, it goes against ethical principles of fairness, social responsibility, and environmental sustainability.

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85. Using a key board, how would you strike the "ENTER" key?

Explanation

To strike the "ENTER" key on a keyboard, the correct method is to anchor the "J" finger and extend the semicolon finger. This means keeping the index finger (J finger) on the F and J keys, which have raised bumps to help with finger placement, and extending the middle finger (semicolon finger) to press the "ENTER" key located at the bottom right corner of the keyboard. This technique allows for efficient and accurate typing.

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86. Cate is managing a software development project, and two project team members are constantly  arguing about the best approach. Initially, the debates were constructive; however,  they have started  to distract the other team members from doing their work. Which of the following conflict resolution  strategies is the best approach for Cate to implement?

Explanation

Engaging with both team members to determine a solution together and encouraging cooperation with the other team members is the best approach for Cate to implement. This strategy promotes open communication and collaboration, allowing the team members to work through their differences and find a resolution that benefits everyone. It also ensures that the other team members are not distracted and can continue their work. By involving all parties in the decision-making process, Cate can foster a positive and productive team environment.

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87. What is the best way to ensure the longevity of a business education program?

Explanation

Establishing an advisory committee is the best way to ensure the longevity of a business education program. An advisory committee consists of industry professionals who can provide valuable insights, guidance, and support to the program. They can help in curriculum development, ensuring that the program stays relevant and up-to-date with industry trends. Additionally, the committee members can provide networking opportunities, internships, and job placements for students, enhancing the program's reputation and attracting more students. By involving industry experts in the program's decision-making process, it becomes more likely that the program will meet the needs of both students and employers, ensuring its long-term success.

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88. Which management style best describes the military?

Explanation

The military is best described by an autocratic management style. In the military, there is a clear chain of command and strict hierarchy, where decisions are made by those in authority and subordinates are expected to follow orders without question. This style of management emphasizes discipline, obedience, and centralized control, which aligns with the autocratic approach.

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89. In a manufacturing company, what would the role of an investor typically be in daily operations?

Explanation

The role of an investor in a manufacturing company would typically involve limited involvement, where they provide oversight and guidance of daily operations. This means that while they may not be directly managing the details of day-to-day operations, they still play a role in monitoring and guiding the company's activities. They may provide strategic direction, make important decisions, and ensure that the company is on track towards its goals. However, they may not be involved in the operational tasks themselves, leaving that to the management team and employees.

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90. Tina is interested in working as a teacher for an elite private school that rarely has openings. She wants to send her resume, so it is on file in the event a job does become available. Which would be the most professional opening line for her cover letter? 

Explanation

The correct answer is the most professional because it acknowledges the current situation of no openings and expresses the candidate's interest in having their resume on file for future opportunities. It shows a respectful and proactive approach to the hiring process. The other options either make assumptions or include unnecessary information that may not be relevant or appropriate for a cover letter.

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91. In the U.S., which of the following is an example of tax evasion?

Explanation

Duplicating expense items to increase liabilities and report lower profits is an example of tax evasion because it involves intentionally manipulating financial records to reduce taxable income. By duplicating expense items, a company can inflate its expenses, which in turn decreases its reported profits and tax liability. This practice is illegal as it misrepresents the true financial position of the company and results in underpayment of taxes.

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92. Using LIFO, what is the net profit?  

Explanation

not-available-via-ai

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93. Which of the following statements is true when a company pays its employees $150,000 in salary?

Explanation

When a company pays its employees $150,000 in salary, it is considered an expense for the company. This expense reduces the company's assets, specifically its cash reserves, by $150,000. At the same time, the company incurs a liability for the amount of salary owed to the employees, which increases the company's liabilities by $150,000. Therefore, the correct statement is that liabilities are increased by $150,000, and assets are decreased by $150,000.

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94. Which of the following would NOT be considered illegal by the Federal Trade Commission?

Explanation

The Federal Trade Commission (FTC) is responsible for enforcing laws that promote fair competition and protect consumers from anticompetitive practices. Dividing a sales organization into geographic territories is a common practice in business and is not considered illegal by the FTC. This allows companies to efficiently manage their sales operations and target specific markets. On the other hand, collaborating to raise prices, coordinating bids, and agreeing to divide sales initiatives are examples of anticompetitive behavior that can harm consumers and violate FTC regulations.

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95. DIRECTIONS: Read the question and select all the options that apply.   Select the answers that best describe proper posture when touch keyboarding.

Explanation

Proper posture when touch keyboarding includes having the body centered at the "H" key, fingers curved at home row, and the wrist elevated above the desk. Shoulders rounded forward and legs crossed at the ankles for balance are not correct postures for touch keyboarding.

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