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Exam (elaborations)

ASK EXAM 2025/26 UPDATED 100 QUESTIONS WITH ACTUAL SOLUTIONS.

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ASK EXAM 2025/26 UPDATED 100 QUESTIONS WITH ACTUAL SOLUTIONS.

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Uploaded on
October 23, 2025
Number of pages
58
Written in
2025/2026
Type
Exam (elaborations)
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ASK EXAM 2025/26 UPDATED 100
QUESTIONS WITH ACTUAL SOLUTIONS.




1 of 100

Term



What is the percent of increase in net profit from last year to this year if a
business had a net profit of $35,500 on sales of $270,000
last year and a net profit of $50,000 on sales of $330,000 this year?



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By calling back as soon as possible
Accurate profile
with an answer

, Controlling, leading, organizing,
2% and planning

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2 of 100

Term



What is a source of income that a person should consider
when developing a personal budget?



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Salary Interests




Investments Products To Others


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3 of 100

Term



When Deanna, a small-business owner, allocates 6% of her
company's profit to product development, she is investing
what type of resource?



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, Human Financial




Managerial Personal


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4 of 100

Term


Bennett has just finished college and has moved into her own
apartment that is located on a bus line. She'll be able to
take the bus to her new job that she's scheduled to start in
a month. In fact, she'll need to rely on bus transportation
until she saves money to buy a
car. What insurance coverage should she have?



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Renter's insurance and
temporary short-term Health and life insurance
health insurance




Auto insurance and
Renter's insurance and cobra temporary short-term
health insurance


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5 of 100

Term

, One way that an advertising agency can protect the
original song it created for a client's television commercial
is by obtaining a



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Patent Portfolio




Contract Copyright


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6 of 100

Term



What questions does the company description section of a
business plan answer:



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Shred or tear up important
financial documents Change in currency exchange
rates



Where is the
Increased cultural diversity business
located?


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7 of 100

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