2025 FINANCE CLUSTER EXAM | 100 QUESTIONS
| WITH COMPLETE SOLUTIONS!!
What group is often affected by administrative law? Answer - Businesses
A form of business ownership in which the owners own shares of stock is
known as a Answer - partnership
Financial managers who are legally responsible for their clients' investments
must demonstrate fiduciary responsibility, which involves Answer - acting in
the best interest of their clients
Which of the following is an estate tax deduction?
A. Valuable art and collectibles left to children
B. Property passing directly to the surviving spouse
C. Charitable contributions that are unqualified
D. Money left to friends or distant relatives Answer - Property passing directly
to the surviving spouse
Colin bought 35 shares of stock at $23.50 per share and recently sold all of the
stock for $53.00 per share. What type of tax will Colin pay? Answer - Capital
gains
The primary reason that financial-services businesses hire compliance officers
is to Answer - Ensure that the businesses are following industry regulations
, What is an advantage to businesses of using virtual-auditor technology?
Answer - The continuous inspection of transactional data
A virtual auditor that determines inconsistencies and errors by examining data
from multible financial systems is suing the _____ reasoning process. Answer -
Cross-source
Sometimes, the ability to follow directions is a skill that is necessary for
survival. This is a ____ skill. Answer - Life
What is one way businesspeople can improve their active listening skills?
Answer - Asking questions during speakers' messages to reduce barriers
One reason business employees often use note cards when making oral
presentations is because the cards help them to Answer - Remember key
points
A persuasive message that asks a person to do something should be written in
a way that makes it easy for the person to Answer - Respond positively
What is a characteristic of an effective informal business report? Answer -
Logical
A request made by an employee to a supervisor is an example of what type of
communication? Answer - Upward
What is likely to happen to employees who are discourteous to the customers?
Answer - They may be fired
| WITH COMPLETE SOLUTIONS!!
What group is often affected by administrative law? Answer - Businesses
A form of business ownership in which the owners own shares of stock is
known as a Answer - partnership
Financial managers who are legally responsible for their clients' investments
must demonstrate fiduciary responsibility, which involves Answer - acting in
the best interest of their clients
Which of the following is an estate tax deduction?
A. Valuable art and collectibles left to children
B. Property passing directly to the surviving spouse
C. Charitable contributions that are unqualified
D. Money left to friends or distant relatives Answer - Property passing directly
to the surviving spouse
Colin bought 35 shares of stock at $23.50 per share and recently sold all of the
stock for $53.00 per share. What type of tax will Colin pay? Answer - Capital
gains
The primary reason that financial-services businesses hire compliance officers
is to Answer - Ensure that the businesses are following industry regulations
, What is an advantage to businesses of using virtual-auditor technology?
Answer - The continuous inspection of transactional data
A virtual auditor that determines inconsistencies and errors by examining data
from multible financial systems is suing the _____ reasoning process. Answer -
Cross-source
Sometimes, the ability to follow directions is a skill that is necessary for
survival. This is a ____ skill. Answer - Life
What is one way businesspeople can improve their active listening skills?
Answer - Asking questions during speakers' messages to reduce barriers
One reason business employees often use note cards when making oral
presentations is because the cards help them to Answer - Remember key
points
A persuasive message that asks a person to do something should be written in
a way that makes it easy for the person to Answer - Respond positively
What is a characteristic of an effective informal business report? Answer -
Logical
A request made by an employee to a supervisor is an example of what type of
communication? Answer - Upward
What is likely to happen to employees who are discourteous to the customers?
Answer - They may be fired
