Accounting Cycle
Anytime money moves in an organization, we call that a __________.
Transaction
When you call the insurance company after an accident, you'll be referred to their ____ department to discuss the incident.
Claims!
Without (this), your computer would not be able to perform basic functions.
CPU
_________ is a scam that's meant to target its victim via email.
Phishing
The original U.S. penny, designed by Benjamin Franklin, did not say: "In God We Trust" on it. Instead, it said:
a) "Live Free Or Die"
b) "Mind Your Business"
c) "United We Stand"
b) "Mind Your Business"
A _______ ________ is where all journal entries go for your business accounts.
a) General Ledger
b) Trial Balance
c) Transaction Summary
a) General Ledger
Name something you can reasonably expect an insurance company to pay for.
- Employees' medical bills if they injure themselves on the job
- Damage to your property
- Money loss due to a natural disaster
- Coverage if one of your products injures a customer
Which amount of RAM would be appropriate for an old lady that uses her computer to check her bank account balance a few times a month?
a) 4GB
b) 6GB
c) 2GB
c) 2GB
You have a voicemail on your phone from Ted, a sales manager who wants you to call him back and finish details on a "business deal." You don't remember doing anything business related with a guy named Ted. You should _______________, because this was probably a __________ attempt.
a) Call the number; legitimate
b) Delete the voicemail; vishing
c) Delete the voicemail; phishing
b) Delete the voicemail; vishing
About ____% of all emails in the U.S. are spam.
a) 60%
b) 80%
c) 70%
b) 80%
In Accounting world, anything your company pays for to conduct business gets recorded as a ______.
Debit
In 1994, McDonald's was sued because they were serving coffee that was over 190 degrees. Which type of insurance probably helped McDonald's cover themselves?
a) Property
b) Product Liability
c) Workers Compensation
b) Product Liability
Canvas would be an example of _________ we use to complete schoolwork.
Software
If a government organization such as the IRS has a problem with you or your business practices, how will they contact you?
They will send you a letter in the mail. They will NEVER contact you via phone, email, or text.
In 1936, Russia invented a computer that could run on:
a) Water
b) Gas
c) Steam
a) Water
(These) describe the overall financial health of the company.
a) Budget Sheets
b) Financial Statements
c) General Ledger
b) Financial Statements
Godzilla terrorized your town last week, stepped on your clothing store, and destroyed several of your company vehicles. What type of insurance would you need for this:
a) Vehicle
b) Property
c) Workers Compensation
d) a & b, but not c
d) a & b, but not c
Lots of hard drive space (1TB or more)
What are some warning signs of malware on your computer, and what can you do to contain it?
- Computer behaving strangely, computer freezing / running slowly, random browsers popping up, no access to your own files.
- Run a malware scan, and contain the unwanted program.
Dollar bills weren’t always green. Colonial money for example, was tan with black or red ink. It wasn’t until the _______ _____ when the government started using green ink to print paper money where it got the name greenbacks.
a) Civil War
b) War of 1812
c) Korean War
a) Civil War
In (this) step of the Accounting Cycle, the goal is to compare debit and credit columns, and make sure they're equal.
a) Transaction Summary
b) General Ledger
c) Trial Balance
c) Trial Balance
Name 3 types of business insurance that were discussed in this course, and what they cover.
Product Liability
Business Interruption
Workers Compensation
Property
Vehicle
Professional Liability
Without _________, your computer would function, but you wouldn't be able to interact with it.
Peripherals! (keyboard, mouse, webcam, etc.)
Name a computer virus that is popular right now, and what it does to your computer.
- Clop Ransomware (holds your files hostage until you pay)
- Zeus Gameover (Trojan that steals user's bank account information)
- Romance Scams (hacker pretends to be interested in you, then steals your information)
The earliest computer was an abacus, a counting device made of thread and beads that were invented in ancient Babylon in what year?
500 BC