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1. To calculate the net worth of a business, an entrepreneur should subtract
A) the current liabilities from the owner's equity
B) the liabilities from the current assets
C) the total expenditures from the total revenue
D) the liabilities from the total assets
2. A business teacher shares details about an effective cross-curricular lesson plan with a math colleague who is working on a related subject. Which of the following directions of communication does the situation best represent?
A) Downward
B) Horizontal
C) Vertical
D) Upward
3. Which of the following is a market in which a group of companies buys and resells goods to companies that use these goods to create other products?
A) Governmental market
B) Consumer market
C) Demographic market
D) Organizational market
4. Which of the following types of reports presents facts, draws conclusions, and makes recommendations?
A) Informational
B) Progress
C) Periodic
D) Analytical
5. Which of the following computer applications best fits the definition of computer-assisted instruction?
A) Tutorials and simulation software
B) Spreadsheets
C) Word processing and desktop publishing
D) Database management
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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