Florida Business Education 6 - 12 NEW NAVED
Exam|150 Complete Questions and Answers
(Studying for FTCE: Business Education)
COBOL - -Programming language that was developed for coding business
data. It is the oldest programming language.
-BASIC - -a popular programming language that is relatively easy to learn
-BASIC = - -Beginner's All-purpose Symbolic Instruction Code
-COBOL = - -Common Business Oriented Language
-JAVA - -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
-EEOC = - -The US Equal Employment Opportunity Commission.
-EEOC - -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.
-SEC - -A government commission created by Congress to regulate the
securities markets and protect investors. In addition to regulation and
protection, it also monitors the corporate takeovers in the U.S
-SEC stands for - -securities and exchange commission
-NBEA (stands for...) - -National Business Education Association
-NBEA - -Professional organization devoted exclusively to serving
individuals and groups engaged in instruction, administration, research, and
dissemination of information for and about business.
-OSHA = - -Occupational Safety and Health Administration
-OSHA - -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 - -verifying all the transactions on your account to make certain
your records match the bank.
, -financial statement - -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 - -a financial document that shows how much money
(revenues) came in and how much money (expenses) was paid out
-sales - -the gross revenue generated from the sale of something less
returns (cancellations) and allowances (reduction in price for discounts taken
by customers).
-gross profit - -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 - -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 - -amount of money that owners would receive if they sold
all of a firm's assets and paid all of its liabilities
-footing - -The total of the debit column or credit column of an account.
-journalizing - -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 - -Process of transferring debit and credit amounts from journals to
the ledgers
-ledger - -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
-mutual agency - -Right of all partners in a partnership to act as agents for
the normal business operations of the partnership, and their responsibility for
their partners business related (but not personal) actions.
-BPA = - -Business Professionals of America
Exam|150 Complete Questions and Answers
(Studying for FTCE: Business Education)
COBOL - -Programming language that was developed for coding business
data. It is the oldest programming language.
-BASIC - -a popular programming language that is relatively easy to learn
-BASIC = - -Beginner's All-purpose Symbolic Instruction Code
-COBOL = - -Common Business Oriented Language
-JAVA - -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
-EEOC = - -The US Equal Employment Opportunity Commission.
-EEOC - -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.
-SEC - -A government commission created by Congress to regulate the
securities markets and protect investors. In addition to regulation and
protection, it also monitors the corporate takeovers in the U.S
-SEC stands for - -securities and exchange commission
-NBEA (stands for...) - -National Business Education Association
-NBEA - -Professional organization devoted exclusively to serving
individuals and groups engaged in instruction, administration, research, and
dissemination of information for and about business.
-OSHA = - -Occupational Safety and Health Administration
-OSHA - -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 - -verifying all the transactions on your account to make certain
your records match the bank.
, -financial statement - -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 - -a financial document that shows how much money
(revenues) came in and how much money (expenses) was paid out
-sales - -the gross revenue generated from the sale of something less
returns (cancellations) and allowances (reduction in price for discounts taken
by customers).
-gross profit - -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 - -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 - -amount of money that owners would receive if they sold
all of a firm's assets and paid all of its liabilities
-footing - -The total of the debit column or credit column of an account.
-journalizing - -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 - -Process of transferring debit and credit amounts from journals to
the ledgers
-ledger - -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
-mutual agency - -Right of all partners in a partnership to act as agents for
the normal business operations of the partnership, and their responsibility for
their partners business related (but not personal) actions.
-BPA = - -Business Professionals of America
