Business Education Test with all Correct & 100% Verified
Answers |Latest Update |Already Graded A+
COBOL ✔Correct Answer-Programming language that was developed for coding business
data. It is the oldest programming language.
BASIC ✔Correct Answer-a popular programming language that is relatively easy to learn
BASIC = ✔Correct Answer-Beginner's All-purpose Symbolic Instruction Code
COBOL = ✔Correct Answer-Common Business Oriented Language
FORTRAN ✔Correct Answer-a high-level programing language for mathematical and scientific
purposes.
JAVA ✔Correct Answer-a simple platform-independent object-oriented programming
language used for writing applets that are downloaded from the World Wide Web by a client
and run on the client's machine
AAUW = ✔Correct Answer-American Association of University Women
FORTRAN = ✔Correct Answer-Formula Translation
AAUW ✔Correct Answer-a nationwide network that works for the advancement of equity for
women and girls through advocacy, education, philanthropy, and research.
EEOC = ✔Correct Answer-The US Equal Employment Opportunity Commission.
EEOC ✔Correct Answer-enforces federal laws that make it ilegal to discriminate against a job
applicant or an employee because of the persons reace, color, religion, sex (including
pregnancy), national origin, ago, disability or genetic information.
NBEA (stands for...) ✔Correct Answer-National Business Education Association
NBEA ✔Correct Answer-Professional organization devoted exclusively to serving individuals
and groups engaged in instruction, administration, research, and dissemination of information
for and about business.
OSHA = ✔Correct Answer-Occupational Safety and Health Administration
, OSHA ✔Correct Answer-An organization intended to assure safe and healthful working
conditions for working men and women by setting and enforcing standards and providing
training, outreach, education and assistance.
balancing ✔Correct Answer-verifying all the transactions on your account to make certain
your records match the bank.
financial statement ✔Correct Answer-A written report of the financial condition of a firm.
Includes balance sheet, income statement, statement of changes in net worth and statement of
cash flow.
income statement ✔Correct Answer-a financial document that shows how much money
(revenues) came in and how much money (expenses) was paid out
sales ✔Correct Answer-the gross revenue generated from the sale of something less returns
(cancellations) and allowances (reduction in price for discounts taken by customers).
gross profit ✔Correct Answer-the amount of direct profit associated with the actual
manufacturing of the item sold. Calculated as sales less the cost of goods sold.
fixed assets ✔Correct Answer-Longterm or relatively permanent tangible assets such as
equipment, machinery, and buildings that are used in the normal business operations and that
depreciate over time.
owner's equity ✔Correct Answer-amount of money that owners would receive if they sold all
of a firm's assets and paid all of its liabilities
footing ✔Correct Answer-The total of the debit column or credit column of an account.
journalizing ✔Correct Answer-The process of recording business transactions in a journal.
Generally includes date, ledger account to be debited and amount, ledger account to be
credited and amount, description and cross-reference to the general ledger.
posting ✔Correct Answer-Process of transferring debit and credit amounts from journals to
the ledgers
ledger ✔Correct Answer-a specialized accounting book or computer program in which
information from accounting journals is accumulated into specific categories and posted so that
managers can find all the information about one account in the same place
corporation ✔Correct Answer-business owned by many investors who buy shares of stock
and risk only the amount of their investment. An organization with the legal rights of a person
and which many persons may own.
Answers |Latest Update |Already Graded A+
COBOL ✔Correct Answer-Programming language that was developed for coding business
data. It is the oldest programming language.
BASIC ✔Correct Answer-a popular programming language that is relatively easy to learn
BASIC = ✔Correct Answer-Beginner's All-purpose Symbolic Instruction Code
COBOL = ✔Correct Answer-Common Business Oriented Language
FORTRAN ✔Correct Answer-a high-level programing language for mathematical and scientific
purposes.
JAVA ✔Correct Answer-a simple platform-independent object-oriented programming
language used for writing applets that are downloaded from the World Wide Web by a client
and run on the client's machine
AAUW = ✔Correct Answer-American Association of University Women
FORTRAN = ✔Correct Answer-Formula Translation
AAUW ✔Correct Answer-a nationwide network that works for the advancement of equity for
women and girls through advocacy, education, philanthropy, and research.
EEOC = ✔Correct Answer-The US Equal Employment Opportunity Commission.
EEOC ✔Correct Answer-enforces federal laws that make it ilegal to discriminate against a job
applicant or an employee because of the persons reace, color, religion, sex (including
pregnancy), national origin, ago, disability or genetic information.
NBEA (stands for...) ✔Correct Answer-National Business Education Association
NBEA ✔Correct Answer-Professional organization devoted exclusively to serving individuals
and groups engaged in instruction, administration, research, and dissemination of information
for and about business.
OSHA = ✔Correct Answer-Occupational Safety and Health Administration
, OSHA ✔Correct Answer-An organization intended to assure safe and healthful working
conditions for working men and women by setting and enforcing standards and providing
training, outreach, education and assistance.
balancing ✔Correct Answer-verifying all the transactions on your account to make certain
your records match the bank.
financial statement ✔Correct Answer-A written report of the financial condition of a firm.
Includes balance sheet, income statement, statement of changes in net worth and statement of
cash flow.
income statement ✔Correct Answer-a financial document that shows how much money
(revenues) came in and how much money (expenses) was paid out
sales ✔Correct Answer-the gross revenue generated from the sale of something less returns
(cancellations) and allowances (reduction in price for discounts taken by customers).
gross profit ✔Correct Answer-the amount of direct profit associated with the actual
manufacturing of the item sold. Calculated as sales less the cost of goods sold.
fixed assets ✔Correct Answer-Longterm or relatively permanent tangible assets such as
equipment, machinery, and buildings that are used in the normal business operations and that
depreciate over time.
owner's equity ✔Correct Answer-amount of money that owners would receive if they sold all
of a firm's assets and paid all of its liabilities
footing ✔Correct Answer-The total of the debit column or credit column of an account.
journalizing ✔Correct Answer-The process of recording business transactions in a journal.
Generally includes date, ledger account to be debited and amount, ledger account to be
credited and amount, description and cross-reference to the general ledger.
posting ✔Correct Answer-Process of transferring debit and credit amounts from journals to
the ledgers
ledger ✔Correct Answer-a specialized accounting book or computer program in which
information from accounting journals is accumulated into specific categories and posted so that
managers can find all the information about one account in the same place
corporation ✔Correct Answer-business owned by many investors who buy shares of stock
and risk only the amount of their investment. An organization with the legal rights of a person
and which many persons may own.
