Principles of Business Final Exam Questions And Answers

Principles of Business Final Exam
Questions And Answers
5bC'sbofbbusinessb-bCORRECTbbANSWER-clear,bconcise,bcourteous,bcomplete,bcorrect

5bfunctionsbofbmanagementb-bCORRECTbbANSWER-*"C-
PODS"*bControlling,bPlanning,bOrganizing,bDirecting,bStaffing

6bfunctionsbofbmarketingb-bCORRECTbbANSWER-
channelbmarketing/distribution,bmarkingbinformationbmanagement,bpricing,bproduct/servic
ebmanagement,bpromotion,b&bselling

accountingb-bCORRECTbbANSWER-
thebpurposebofbkeepingbandbinterpretingbfinancialbrecords

accountingbequationb-bCORRECTbbANSWER-

accountingbsystemb-bCORRECTbbANSWER-
*involvesbpreparingbandbreportingbfinancialbdata*,busuallybtobmanagersbwhobneedbfinancial
binfobtobcontrolbdailyboperationsb&bmakebfinancialbdecisionsbandbplans




accountsbpayableb-bCORRECTbbANSWER-allbmoneybowedbbybthebbusinessbtobothers

accountsbreceivableb-bCORRECTbbANSWER-allbmoneybowedbtobabfirmbbybitsbcustomers

accuralbaccountingb-bCORRECTbbANSWER-
methodbofbaccountingbthatbrecordsbtransactionsbatbthebtimebtheyboccurbevenbifbmoneybisn'tb
exchanged

adsb-bCORRECTbbANSWER-tvbcommericals

analyzersb-bCORRECTbbANSWER-
detailboriented,blogicalbthinkersbwhobanalyzebothersb&bsituations,btakebtimebtobmakebdecisi
ons

, antibtrustblawsb-bCORRECTbbANSWER-
prohibitsbmonopoliesb&botherbactivitiesbthatbreducebcompetition

anticlimacticborderb(invertedbpyramid)b-bCORRECTbbANSWER-
whenbthebleadbparagraphbsummarizesbthebstoryb&bthebfollowingbparagraphsbpresentbthebfa
ctsbinborderbofbdecreasingbimportanceb(*ex:bjournalbarticles*)

assetsb-bCORRECTbbANSWER-
anythingbofbvaluebthatbabbusinessborbindividualbowns;b*assetsb=bliabilitiesb+bowner'sbequity*

auditbtrailb-bCORRECTbbANSWER-businessbrecordsbkeptbinbthebeventbofbabtaxbaudit

balancebsheetb-bCORRECTbbANSWER-
typebofbfinancialbstatementbthatbcapturesbthebfinancialbconditionbofbthebbusinessbatbthatbpart
icularbmoment

blindbcarbonbcopyb(BCC)b-bCORRECTbbANSWER-
commandbforbemail;bshowsbpplbthatbcopiesbofbthebemailbwerebsentbtobotherbpplbbutbdoesn'tb
showbtheirbidentity

businessbformatbfranchiseb-bCORRECTbbANSWER-
requiresbthebfranchiseebtobsellbproductsborbservicebinbabspecificbformat

businessbletterb-bCORRECTbbANSWER-
usebwhenbyoubsendbinfobtobpplboutsidebthebcompany

businessbletterbformatb-bCORRECTbbANSWER-
*(1)*bletterheadb(optional)b*(2)*bthebdatebspelledboutb*(3)*battentionblineb(optional)b*(4)*btheb
readers'sbaddressb*(5)*bgreetingb*(6)*bsubjectblineb(optional)b(*7)*bcomplimentarybclosingb*
(8)*bcompanybsignatureb(optional)b*(9)*bwriter'sbsignatureb*(10)*breferencebinitialsb*(11)*ben
closurebnotationb(optional)b*(12)*bcopybnotation

businessbownershipb-bCORRECTbbANSWER-
solebproprietorship,bpartnership,bcorporation,b&bfranchise

capitalbinvestmentbdecisionsb-bCORRECTbbANSWER-
decisionsbthatbdeterminebwhichbprojectsbabbusinessbwillbinvestbin,bhowbitbwillbbebfinanced,b&
bwhetherborbnotbtobpaybdividendsbtobshareholders




carbonbcopyb(CC)b-bCORRECTbbANSWER-
commandbforbemail;binformsbpplbthatbcopiesbofbthebemailbwerebsentbtobotherbppl

cashbaccountingb-bCORRECTbbANSWER-
methodbwherebincomebandbexpendituresbarebrecordedbatbthebtimebthebmoneybisbexchange
d