TExES Business & Finance 276 Practice
Test
What are the major factors that affect cross-cultural communication? - ANS-Language
differences, high context vs. low context
Which of the following tasks is not a common functions of a digital audio editor? -
ANS-Record audio from different sources
Which one of the following is part of starting and running a small business? Selecting a
business organization, developing a marketing plan, setting up an accounting system,
and managing people and production - ANS-All of these are factors in starting or
running a small business.
Why would a company be interested in promoting a health and wellness program for its
employees? - ANS-to reduce absenteeism due to illness and chronic health problems
A promissory note is an example of which type of financing? - ANS-Debt financing
Which of the following is a major component in information systems? - ANS-Technology
An employee of a large multinational firm makes a mistake with a client's account.
Company policy dictates that he immediately contact the client and let them know what
happened. However, he knows he can fix the mistake easily, without worrying the client.
What would the ethical course of action be? - ANS-Follow the rules of conduct set up by
the company and tell the client what happened
What is the function of the Occupational Safety and Health Administration (OSHA)? -
ANS-It regulates overall workplace safety
Which of the following is a benefit of information technology (IT) in business? - ANS-IT
makes it possible for businesses to network all over the world.
Which of these items appears in the assets section of the balance sheet? -
ANS-Prepaid insurance
, Valerie intends to pay off her furniture loan in 15 months. This is an example of which
type of goal? - ANS-Long term
How is investment, in economics, related to spending? - ANS-It is more concerned with
business spending than consumer spending.
What was one of the first moves to deregulate the banking industry? -
ANS-Amendments to the Bank Holding Company Act
Why is the informational role essential to a functioning business? - ANS-So information
is exchanged between people at different levels of the company.
Which of the following is a personal attribute that has a positive affect on a persons
career advancement? - ANS-Confidence
With accounting software, Bob is able to complete five times as many transactions as
he can manually; this supports the explanation of technology as - ANS-anything that is
man-made and makes a process easier to complete
When should the question and answer period occur in a business presentation? -
ANS-At the end.
Which encryption system generates a public key automatically on demand? -
ANS-Identity-based encryption (IBE)
Tyler is the sole owner and stockholder of the corporation, Tyler's Tires. Two years ago,
Tyler's Tires hired Anna as the CEO. If Tyler dies, what happens to Tyler's Tires? -
ANS-Nothing, it continues to run under the direction of the CEO
When a company replaces uniform pay increases with merit pay plans and incentives
for groups and individuals, what can it expect? - ANS-Increased motivation and greater
productivity.
How can a corporation raise equity capital? - ANS-Issue stock
What is the primary advantage of using a distributed database? - ANS-Data access and
process are much faster.
Which of the following is a requirement of the Sarbanes-Oxley Act? - ANS-Senior
management must file a code of ethics with the SEC
Test
What are the major factors that affect cross-cultural communication? - ANS-Language
differences, high context vs. low context
Which of the following tasks is not a common functions of a digital audio editor? -
ANS-Record audio from different sources
Which one of the following is part of starting and running a small business? Selecting a
business organization, developing a marketing plan, setting up an accounting system,
and managing people and production - ANS-All of these are factors in starting or
running a small business.
Why would a company be interested in promoting a health and wellness program for its
employees? - ANS-to reduce absenteeism due to illness and chronic health problems
A promissory note is an example of which type of financing? - ANS-Debt financing
Which of the following is a major component in information systems? - ANS-Technology
An employee of a large multinational firm makes a mistake with a client's account.
Company policy dictates that he immediately contact the client and let them know what
happened. However, he knows he can fix the mistake easily, without worrying the client.
What would the ethical course of action be? - ANS-Follow the rules of conduct set up by
the company and tell the client what happened
What is the function of the Occupational Safety and Health Administration (OSHA)? -
ANS-It regulates overall workplace safety
Which of the following is a benefit of information technology (IT) in business? - ANS-IT
makes it possible for businesses to network all over the world.
Which of these items appears in the assets section of the balance sheet? -
ANS-Prepaid insurance
, Valerie intends to pay off her furniture loan in 15 months. This is an example of which
type of goal? - ANS-Long term
How is investment, in economics, related to spending? - ANS-It is more concerned with
business spending than consumer spending.
What was one of the first moves to deregulate the banking industry? -
ANS-Amendments to the Bank Holding Company Act
Why is the informational role essential to a functioning business? - ANS-So information
is exchanged between people at different levels of the company.
Which of the following is a personal attribute that has a positive affect on a persons
career advancement? - ANS-Confidence
With accounting software, Bob is able to complete five times as many transactions as
he can manually; this supports the explanation of technology as - ANS-anything that is
man-made and makes a process easier to complete
When should the question and answer period occur in a business presentation? -
ANS-At the end.
Which encryption system generates a public key automatically on demand? -
ANS-Identity-based encryption (IBE)
Tyler is the sole owner and stockholder of the corporation, Tyler's Tires. Two years ago,
Tyler's Tires hired Anna as the CEO. If Tyler dies, what happens to Tyler's Tires? -
ANS-Nothing, it continues to run under the direction of the CEO
When a company replaces uniform pay increases with merit pay plans and incentives
for groups and individuals, what can it expect? - ANS-Increased motivation and greater
productivity.
How can a corporation raise equity capital? - ANS-Issue stock
What is the primary advantage of using a distributed database? - ANS-Data access and
process are much faster.
Which of the following is a requirement of the Sarbanes-Oxley Act? - ANS-Senior
management must file a code of ethics with the SEC
