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Tenth Grade (Grade 10) Business Questions

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Grade 10 Accounting
What is the name for a formal report that shows what an individual owns, what an individual owes, and the difference between the two?
  1. accounting
  2. net worth statement
  3. personal net worth
  4. accounting system
Grade 10 Accounting
  1. A planned process designed to compile financial data and summarize the results in accounting records and reports.
  2. A formal report that shows what an individual owns, what an individual owes, and the difference between the two.
  3. formal written document that describes the nature of a business and how it will be run
  4. Planning, recording, analyzing, and interpreting financial information.
Grade 10 Business Technology
Which of the following describes a computer program (set of computer instructions), that coordinates all the activities of computer hardware such as memory, storage devices, and printers, and provides the capability for you to communicate with the computer.
  1. Application Software
  2. Data Management
  3. Operating System
  4. Smart Cards
Grade 10 Business Technology
Which of the following is a skill employers are now looking for?
  1. Microsoft Office
  2. Organization skills
  3. Problem solving
  4. All of the above
Grade 10 Business Technology
Which input device converts the motion by a user into cursor movement on the monitor screen?
  1. Printer
  2. Keyboard
  3. Mouse
  4. Scanner
Grade 10 Business
Match each definition in the column on the left with the appropriate term in the column on the right.
__ An agreement between at least two persons to exchange something of value A. specific performance
__ The means by which a right is enforced or the violation of a right is prevented or made up for B. mutual agreement
__ A proposal to do something or pay an amount in exchange for something C. legally competent
__ Agreement to the proposal of another D. legally competent
__ When the two parties agree exactly to the terms of the agreement E. remedy
__ Something of value F. necessities
__ Order to defendant to carry out the terms G. acceptance
__ Of legal age without mental disability or incapacity H. contract
__ To sign a legal document for a minor I. consideration
__ Enforceable by the courts J. unconscionable
__ The violation of law, duty, or other form of obligation K. expectation damages
__ A false statement meant to induce or persuade a person to agree to something L. legally binding
__ Things needed in life, such as food, shelter, clothing, and medical aid M. fraud
__ Money damages representing what the plaintiff and would have received if the defendant had performed restitution the contract minus what the plaintiff actually received N. breach
__ Grossly unfair, harsh, and oppressive O. rescission and restitution
__ Remedy to cancel the contract and get back any money paid P. cosign
__ When a minor makes payments after turning 18, the contract becomes binding Q. ratfification
Grade 10 Business Technology
Which of the following skills are required for engineering?
  1. Math and Science
  2. Communications and Science
  3. Communications and Math
  4. Economics and Science
Grade 10 Accounting
The name given to an account is the account title.
  1. True
  2. False
Grade 10 Business Technology
Which one of the following contains the CPU?
  1. Plotter
  2. Hard Disk
  3. System Unit
  4. Scanner
Grade 10 Business Technology
Learning to operate a computer can help someone find a job because:
  1. Most jobs use computers
  2. Life is like a computer
  3. I don't think it is important
  4. Computers are difficult
Grade 10 Accounting
What are the normal or typical balances for the following accounts:

Note Payable:          Credit         
Cost of Goods Sold:          Debit          
Sales:          Credit         
Checking:          Debit          
Prepaid Rent:          Debit          
Payroll Liabilities:          Credit         
Interest Expense:          Debit          
Grade 10 Business Technology
The three factors of production include:
  1. land, labor, capital
  2. capital, labor, money
  3. money, labor, land
  4. labor, land, entrepreneurship
Grade 10 Business Technology
How do you establish a good credit score?
  1. Avoid using credit.
  2. Close old credit cards.
  3. Pay your bills on time.
  4. Transfer a credit card balance.
Grade 10 Business Technology
How do you establish a good credit score?
  1. Pay your bills on time
  2. Close old credit cards
  3. Transfer a credit card balance to a new credit card
  4. Avoid using credit
Grade 10 Business Technology
Which of the following can be defined as a series of activities designed to meet or exceed expectations?
  1. soft skills
  2. stewardess
  3. customer service
  4. hard skills
Grade 10 Accounting
                  ...............                  Using the accounting equation:
Owner's equity= 36,000, Liabilities=27,000, Assets=
Grade 10 Business Technology
      RAM       is the internal memory of the CPU for storing data, program and program result. When the computer is turned off, this data is lost if it has not been saved.
Grade 10 Business Technology
Which of the following is not a good method for resolving conflict?
  1. Voice your concerns.
  2. Avoid the person.
  3. Listen to the other side.
  4. Suggest all possible solutions.
Grade 10 Business Technology
Your pay after taxes and deductions are taken out is known as which of the following?
  1. net pay
  2. gross pay
  3. wage
  4. shift
Grade 10 Business Technology
Windows is an example of an                    operating system                   .
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