Business Basics
What does ROI stand for?
What is Return on Investment
What is the most important part of your resume that recruiters look at first?
What is your work experience
What does CEO stand for?
What is Chief Executive Officer
What is the standard number of pages your resume should be as a college student?
What is one page
What does NABA stand for?
What is the National Association of Black Accountants?
What financial statement shows a company’s assets, liabilities, and equity at a point in time?
What is the Balance Sheet
What does “networking” mean in a professional context?
What is building and maintaining professional relationships
Which company is the largest publicly traded company in the world by market cap (2025)?
What is Apple
What professional platform is most commonly used for networking and job searching?
What is LinkedIn
In what year was NABA founded?
What is 1969
What’s the difference between fixed and variable costs?
Fixed costs stay the same regardless of output; variable costs change with production.
What is an elevator pitch?
What is a 30–60 second summary of who you are and what you do
What is a company’s mission statement meant to describe?
What it does and why it exists.
When emailing a professor or recruiter, what should you always include at the end?
What is a professional signature (your name and contact info)
What is the mission of NABA?
What is to bridge the opportunity gap for Black professionals in accounting, finance, and related business professions
If a company’s revenue is $1,000,000 and costs are $700,000, what is the profit margin?
What is 30%
What’s the purpose of a cover letter?
To introduce yourself, highlight key skills/experiences, and explain why you’re a good fit for the role.
What is corporate social responsibility (CSR)?
What is when companies take responsibility for their impact on society and the environment
What does “business casual” usually mean for dress code?
What is neat clothing like slacks/khakis, button-up or blouse, but no jeans, sneakers, or hoodies?
Where is our NABA Annual Convention this year?
What is Atlanta
What’s the term for when one company purchases another?
What is an acquisition
What’s the STAR method in interviews?
What is Situation, Task, Action, Result
What is the difference between public and private companies?
Public companies sell stock on the open market, private companies do not.
If a recruiter asks, “Tell me about yourself,” what’s the best way to answer?
What is giving a brief summary of your background, skills, and career goals?
Name one of NABA’s key values
Acceptable answers: Integrity, Accountability, Excellence, Leadership, Diversity, or Inclusion