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College Business Questions

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College Accounting
A financial statement for a specific date that shows the total assets, liabilities, and capital of the business.                Balance Sheet                
College Accounting
Method of accounting in which income is recorded when earned, and expenses are recorded when incurred.                              Accrual basis of accounting                              
College Accounting
Which of the following best describes the effect of borrowing money?
  1. Assets decrease and liabilities increase
  2. Owners' equity decreases and liabilities increase
  3. Assets increase and liabilities increase
  4. Liabilities decrease and owners' equity increases
College Marketing
Thoughts being conveyed and meaning being shared is the definition of:
  1. Marketing Mix
  2. Communication
  3. Marketing
  4. Marketing strategy
  5. Innovation creation
College Accounting
A method of determinging that the journal and the ledger are in balance.                                    Accounts receivable trial balance                                    
College Accounting
A paper describing a purchase and the amount due.          Invoice          
College Management Information Systems
This type of network connects each node to the next, forming a loop.
  1. Star topology
  2. Bus Topology
  3. Ring Topology
  4. All of the above
College Business Economics
Directions: Read the prompt and decide which one of the elements of the economic way of thinking is displayed.

[To explore the relationship between the quantity and price of apples, we must assume that the consumer's income-and anything else that influences apple purchases-doesn't change.]

Answer: Isolate Variables

*The other two are marginal change (thinking at the margin) and using assumptions to simplify.*
College Accounting
Method of accounting in which income is recorded when received, and expenses are recorded when paid.                           Cash basis of accounting                           
College Management
Logic 3
Antonia: The stock market is the best place to invest your money these days; although it is often volatile, it provides the opportunity to make a large profit quickly.

Maria: I agree that the stock market provides the opportunity to make large profits quickly, but one is just as likely to take a huge loss. I think it is better to invest in savings bonds, which provide a constant, reliable income over many years.

Antonia's and Maria's statements provide the most support for holding that they disagree about whether:
  1. The stock market is often volatile but provides the opportunity to make a large profit quickly
  2. Savings bonds can provide a large return on one's investment
  3. The stock market provides the opportunity for an investor to make a constant, reliable income over many years
  4. It is safer to invest in savings bonds than to invest in the stock market
  5. It is preferable to pick an investment offerin a reliable income over a riskier opportunity to make a large profit quickly
College Business Technology
Which of the following techniques can be used during the "Plan Business Analysis Approach" task ?
  1. Organizational Modelling
  2. Stakeholder list, Map or Personas
  3. Risk Analysis and Management
  4. Estimation
College Business Technology
Which of the following techniques can be used during the "Plan Business Analysis Information Management" task ?
  1. Scope Modelling
  2. Document Analysis
  3. Organizational Modelling
  4. Business Rules Analysis
  5. Item Tracking
College Business Technology
Which of the following techniques can be used during the "Plan Business Analysis Approach" task ?
  1. Business Cases
  2. Business Rules Analysis
  3. Organizational Modelling
  4. Stakeholder list, Map or personas
  5. Mind Mapping
College Accounting
A method of determinging that the journal and the ledger are in balance.                                    Accounts receivable trial balance                                    
College Management Information Systems
Connecting one computer to another creates a(n):
  1. Control Unit
  2. Track
  3. Network
  4. Sector
College Business Technology
The total amount of money that businesses take in by selling goods and services is called                  .
  1. profit
  2. revenue
  3. loss
  4. retained earnings
College Business Economics
                     Positive economics                      is an analysis that answers the questions, "What is?" or "What will be?"

Answer: Positive economics
College Accounting
The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the
  1. balance sheet
  2. income statement
  3. statement of cash flows
College Accounting
Which of the following would not be found on the income statement?
  1. Cost of goods sold
  2. Net income
  3. Retained earnings
  4. Wage expense
College Marketing
In order to create a positive telephone voice, it is important that you                     .
  1. read a script
  2. smile
  3. learn new phrases
  4. stand while speaking
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