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Twelfth Grade (Grade 12) Business Questions

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Grade 12 Finance
Which of the following describes when an individual, family or business assumes the total risk of economic loss?
  1. coinsurance
  2. self-insurance
  3. liability risk
  4. premium
Grade 12 Business Technology
The purpose of having a portfolio for school is:
  1. To show others what we did in school.
  2. To keep all your grades in and keep in class with all your school notes.
  3. To have an organized way of recording and organizing accomplishments.
  4. None of the Above
Grade 12 Business
Sales, Rent Expense, and Interest Expense are examples of accounts that will be reported on this financial statement         income                     statement            .
Grade 12 Business Technology
A rate of return is
  1. rate of exemption from state or local taxes.
  2. the percentage of increase of compounding interest.
  3. the amount of interest accrued on a savings account.
  4. the percentage of increase in the value of savings as a result of interest earned.
Grade 12 Business Technology
A money market fund is
  1. a nonprofit banking institution.
  2. a financial institution run by investment companies.
  3. a savings-investment plan offered by investment companies.
  4. a financial institution that offers a full range of financial services.
Grade 12 Business Technology
A certificate of deposit is
  1. a certified document that reports your savings.
  2. a savings account that contains only mutual funds.
  3. s chequing account that requires a minimum deposit for a specific period of time.
  4. a savings plan requiring that a certain amount be left on deposit for a stated time period.
Grade 12 Business Technology
Which of the following is a synonym for candor? Check all that apply.
  1. frank
  2. sincere
  3. open
  4. similiar
Grade 12 Business Technology
Which of the following believes that problems will go away if they are ignored?
  1. Escape Artist
  2. Scientist
  3. Beggar
  4. Judge
Grade 12 Business Technology
Which of the following would be most likely to say, "Go home! Put on your suit coat! Take my car!"
  1. Leveler
  2. Scientist
  3. Commander
  4. Escape Artist
Grade 12 Business Technology
Which of the following uses words to impress and rarely shows feelings?
  1. Commader
  2. Judge
  3. Scientist
  4. Leveler
Grade 12 Business Technology
Which of the following techniques does the Leveler use when a critic is angry and criticism is valid but vague?
  1. Discuss and Fix
  2. Question and Fix
  3. Question and Compromise
  4. None of the above
Grade 12 Business Technology
Which of the following speaks the truth without giving offense and uses the four-step method?
  1. Judge
  2. Leveler
  3. Commander
  4. Beggar
Grade 12 Business Technology
A unidirectional mic, intended to pick up sound without being seen on camera,
is known as which of the following?
  1. Zoom Microphone
  2. Boom Microphone
  3. Lavalier Microphone
  4. Overhead Microphone
Grade 12 Business
Rental property is bought as the payments are made.
  1. True
  2. False
Grade 12 Business
Income property is used to generate income.
  1. True
  2. False
Grade 12 Business
Liability accounts will normally have          credit          balances
Grade 12 Business
The two main methods of bookkeeping and accounting are the cash method and the           accrual           method.
Grade 12 Business
When a check is written, a cash account should be            credited            .
Grade 12 Business
Notes Payable, Accounts Payable, and Wages Payable are examples of             liability             accounts which will be reported on the balance sheet.
Grade 12 Business
Accounts such as Cash, Accounts Receivable and Equipment are examples of         asset         accounts which will be reported on the balance sheet.
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