Let's Talk Business!
In business writing, what is the primary purpose of a topic sentence?
A. To provide supporting details
B. To conclude the paragraph
C. To introduce the main idea of the paragraph
D. To transition between paragraphs
C. To introduce the main idea of the paragraph
When analyzing financial statements, what does ROI stand for?
A. Return on Investment
B. Record of Income
C. Rate of Interest
D. Review of Infrastructure
A. Return on Investment
What economic principle explains why prices tend to rise when demand increases?
A. Rise and fall
B. Opportunity cost
C. Supply and demand
D. Economies of scale
C. Supply and demand
Which type of business document typically requires the most formal language?
A. Internal email
B. Social media post
C. Annual report
D. Team chat message
C. Annual report
Under the Fair Labor Standards Act, persons under what age cannot work in hazardous jobs?
A. 14
B. 16
C. 18
D. 21
C. 18
Which reading strategy is most effective when reviewing complex business contracts?
A. Skimming the first paragraph
B. Reading only the conclusion and giving feedback
C. Annotating and reading for detail
D. Speed reading without taking notes
C. Annotating and reading for detail
When reading financial statements, which section shows the company's assets and liabilities?
A. Income Statement
B. Cash Flow Statement
C. Balance Sheet
D. Equity Statement
C. Balance Sheet
Which economic factor most directly affects a business's operating costs?
A. Consumer confidence
B. Inflation rate
C. Stock market indices
D. Foreign exchange rates
B. Inflation rate
What is the MOST appropriate way to handle conflicting information in business documents?
A. Ignore the contradictions
B. Use only the newest information
C. Verify sources and reconcile differences
D. Choose the information that sounds the best
C. Verify sources and reconcile differences
Which management function involves comparing expected results with actual performance?
A. Planning
B. Organizing
C. Directing
D. Controlling
D. Controlling
Which of the following best describes the purpose of a business memo?
A. To inform readers about business stories
B. To communicate personal messages
C. To convey specific information or directives professionally
D. To advertise products to potential customers
C. To convey specific information or directives professionally
What does the "I" in AIDA stand for?
A. Interest
B. Intersection
C. Inclusion
D. Introspective
A. Interest
How should market research data be primarily analyzed?
A. Through personal opinions
B. Using statistical methods
C. Based on intuition
D. Using anecdotal evidence
B. Using statistical methods
When writing a business proposal, which element should come first?
A. Budget details
B. Executive summary
C. Implementation timeline
D. Technical specifications
B. Executive summary
Which federal law established minimum wage and maximum working hours?
A. Civil Rights Act
B. Working Children Act
C. Fair Labor Standards Act
D. Americans with Disabilities Act
C. Fair Labor Standards Act
In business mathematics, what BEST describes depreciation?
A. The increase in an asset's value
B. The decrease in an asset's value over time
C. The increase in an asset’s value over time
D. The decrease in an asset’s value
B. The decrease in an asset's value over time
If a loan has an ANNUAL interest rate of 6%, compounded MONTHLY, what is the monthly rate?
No answer choices...just do the math lil bro I promise its easier than you think.
0.5%
Which economic indicator BEST measures overall economic health?
A. Stock market prices
B. Unemployment rate
C. Gross Domestic Product (GDP)
D. Individual company profits
C. Gross Domestic Product (GDP)
When analyzing business trends, which mathematical tool is most appropriate?
A. Bar graphs
B. Regression analysis
C. Simple addition
D. Basic division
B. Regression analysis
What is price discrimination?
A. Refusing to sell to certain customers
B. Charging different prices for the same product in different markets
C. Charing different prices for the same product to different groups of people
D. Advertising false prices
B. Charging different prices for the same product in different markets
If a business has a profit margin of 15% on sales of $200,000, what is the profit amount?
Sorry there's no answer choices...just do the math! :>
$30,000
What mathematical concept is most useful for comparing different financial investments?
A. Simple addition
B. Percentages
C. Net Present Value
D. Basic multiplication
C. Net Present Value
Which economic concept describes the additional benefit gained from consuming one more unit of a good?
A. Supply elasticity
B. Marginal utility
C. Market equilibrium
D. Opportunity cost
B. Marginal utility
If a company's revenue grows by 8% annually, what would $100,000 become after 2 years?
Sorry, there's no answer choices...looks like you gotta do the math! :>
$116,640
Define GDP.
Bonus: What is the GDP of the USA :D
Hint: >20 Trillion <50 Trillion
Gross Domestic Product