Select the form of business (or businesses) in which there is unlimited personal legal liability from lawsuits related to the business. Group of answer choices sole proprietorship only p

Select the form of business (or businesses) in which there is unlimited personal legal liability from lawsuits related to the business.
Group of answer choices
sole proprietorship only
partnership only
corporation only
sole proprietorships and partnerships
No answer text provided.
A business plan is important for a new business for all of the following reasons EXCEPT:
Group of answer choices
it makes you think about all aspects of your business.
it can help you communicate your ideas to others.
it guarantees that you will get financing for your business.
it can serve as a tool for managing your business.
Which of the following defines why an organization exists and what it seeks to accomplish?
Group of answer choices
a break-even analysis
a mission statement
an executive summary
an organization chart
Social responsibility is the duty of business to
Group of answer choices
contribute to product development.
provide educational loans to employees.
provide social activities for employees.
contribute to the well-being of society.
SWOT Analysis is an effective way of identifying a company’s strengths and weaknesses, and of examining the opportunities and threats the company faces. Select the statement below about SWOT Analysis that is correct.
Group of answer choices
Analysis of strengths and weaknesses is considered part of an internal audit; examining opportunities and threats is considered part of an external audit.
Analysis of strengths and weaknesses is considered part of an external audit; examining opportunities and threats is considered part of an internal audit.
Analysis of strengths and weaknesses and examination of opportunities and threats are both considered part of an internal audit.
Analysis of strengths and weaknesses and examination of opportunities and threats are both considered part of an external audit.
Each of the following situations are examples of business risk, except
Group of answer choices
natural disasters.
the breakdown or theft of key equipment, insufficient or failed processes.
Losses due to a declining reputation resulting from incidents that are viewed as dishonest, disrespectful or incompetent.
taking out a loan for starting your business.
Promoting goods and services to customers is a function of
Group of answer choices
distribution
merchandising
marketing
purchasing
Which of the following forms of business ownership allows a company to issue stock to raise money?
Group of answer choices
sole proprietorship
corporation
partnership
franchise
A Bcc notation in an email is
Group of answer choices
used to transmit data files from sender to recipient.
a short, written statement containing information to be noted for future use.
used to let the recipient of a document know that someone else will receive a copy of that document.
used to send a copy of a message to someone else without the primary recipient of the email being aware.
An agenda is
Group of answer choices
a list of items that the company needs to order to replenish its stock of merchandise inventory.
a list of topics intended to be covered during a business meeting.
a summary of the financial requirements of a business.
a summary of what took place during a meeting.
Which of the choices below represents effective business writing techniques?
Group of answer choices
Clarity and conciseness
Clarity and friendliness
Friendliness and personable
Conciseness and personable
When writing a professional business letter, each of the following choices identifies words that should be capitalized EXCEPT
Group of answer choices
names of organizations
names of commercial products
personal and official titles
names of the seasons
Which of the following statements about the use of email as a means of business communication is correct?
Group of answer choices
As long as the user has anti-virus software in place, the confidentiality of the contents of an email mssage can be assured.
Email mssages are less formal than other forms of business communication, and as such, there is no need to conform to normal business writing protocols.
Email mssages can be sent simultaneously to numerous recipients.
Unlike the registered receipt that the U.S. Postal Service provides, there is no way to determine whether or not the intended recipient of an email actually receives the message you send.
Select the statement below that best represents the purpose of an Acceptable Use Policy.
Group of answer choices
Ensures that no unlawful or inappropriate content is included on a company’s website.
Expresses in writing a set of rules created and enforced by a company, and aims to restrict how information assets may be used (logos, social media, software applications, etc.).
Provides select employees with access to hosting the company’s social media platforms.
Provides guidelines for etiquette and use of company-owned technology.
If you open any document typ e as “read only,” you can
Group of answer choices
make changes to it.
view it, but not modify it.
make formatting changes only.
change the date and time only.
Which of the following statements is NOT TRUE as it relates to a company’s use of social media for marketing:
Group of answer choices
Social media allows a firm to target a certain customer base.
Social media accounts and posts represent a branding strategy that supports the company’s business goals.
Companies cannot obtain your personal information if they use social media for marketing.
Using social media analytics allows a company to connect account activity data with customer engagement.
If you were creating a report in Word that included sources used, quoted or paraphrased, you would need to include
Group of answer choices
a table of authorities.
a bibliography.
footnotes and a bibliography.
a table of figures.
Which of the following are NOT considered to be a cloud service:
Group of answer choices
Google Drive
Microsoft Office
Microsoft OneDrive
Dropbox
If you wished to collaborate with a colleague on a budget, which software would you use?
Group of answer choices
Microsoft Word
Adobe Creative Cloud
Google Slides
Google Sheets
Which one of the following statements best describes “cybersecurity”?
Group of answer choices
The process of setting up firewalls to provide protection for company data.
Safeguards that protect desktop computers.
The process of protecting computers, mobile devices, servers, networks and programs from digital attacks or unauthorized access.
Technologies to ensure the safety of their customers and employees.
ACCOUNTING / FINANCE
Budgets can be a useful tool for company managers when
Group of answer choices
budgeted amounts are compared to actual amounts to find areas of strengths and weaknesses.
separate budgets are used for each department.
amounts budgeted are always in anticipation of the “best-case scenarios.”
the budget is prepar ed only under conditions of perfect certainty.
The income statement
Group of answer choices
is generally used to determine the amount left after deducting sales discounts and return allowances from gross sales.
can be substituted for the cash flow statement when reporting income.
is a report of the total dollar amount of a company’s sales.
summarizes the firm’s revenues and expenses and shows total profit over a period of time.
A break-even analysis is important because it
Group of answer choices
allows a company to determine how many units of a product it would have to sell in order to have sales revenue exceed total costs.
enables a company to determine how many units of a product it would have to sell in order to have sales revenue meet total costs.
allows a company to determine sales revenue based only on variable costs.
enables a company to determine fixed and variable costs.
Companies prepar e annual reports
Group of answer choices
as an optional exercise, if the firm sells stock to the public.
as an optional exercise, if the firm has prepared a business plan in the same fiscal year.
because it is required by the Securities and Exchange Commission.
to provide information to investors, creditors and employees of the firm.
Investment option A offers 4% APR compounded daily; investment option B offers 4% APR compounded monthly. Which statement about these investment choices is true?
Group of answer choices
The APY for option A will be higher than for option B.
The APY for option B will be higher than for option A.
The APY for options A and B will be the same.
The APY for options A and B cannot be determined without additional information.
Choose the statement about taxation that is true.
Group of answer choices
Students are exempt from paying federal income tax and are not required to file a federal tax return.
Employees can decide whether or not they would like to have Social Security and Medicare payments withheld from their paychecks.
The standard deduction amount is the same for all taxpayers.
The amount of federal income tax withheld from an employee’s pay is based, in part, upon information that the employee provides to the employer.
Which of the following is a true statement about a personal budget?
Group of answer choices
A personal budget provides an early warning system that, when compared to actual results, can identify when something is wrong.
A personal budget is an ineffective way for people to know what they need to save and spend.
A personal budget will guarantee that individuals live within their income.
A personal budget can only be prepared by someone who has received extensive training in budget preparation.
An employee’s income tax withholdings are based on earnings, exemptions and
Group of answer choices
social security payments
contributions to 401(k) or pension plans
Medicare payments
company bonuses
Which one of the following is NOT the best way to motivate an employee?
Group of answer choices
Allow only some employees to work from home
Be a respectful, honest and supportive manager
Offer employee rewards
Share positive feedback
To resolve a conflict in your organization as the manager, which one of the following steps would you take to handle a situation in which two people do not get along:
Group of answer choices
Speak to both parties separately about the conflict, listening objectively and keeping a concerned tone.
Research each version of events and write down the problem in a few sentences. Include what caused it and a possible solution.
Objectively recite the conflict back to participants telling parties how you understand it. Verify with each person that what you said was accurate. Allow each person to add or correct any details and proposed solutions.
All of the above.
A digital portfolio should start with an introduction that demonstrates one’s writing ability and provides a framework of what is to follow. It should include the following information EXCEPT:
Group of answer choices
Description of the portfolio’s contents.
Personal contact information such as phone number, street address, social security and bank account information.
Description of oneself, including college and career goals, important achievements, and personal strengths.
Description of what insights that have been gained from preparing the portfolio.
DESIGN THINKING
Which one of the following statements is NOT TRUE about Design Thinking:
Group of answer choices
Enables companies to use designers to think through solutions to problems
Focuses on human needs and behaviors to help translate observations into insights, and insights into improved products services and systems
Helps companies identify potential solutions to problems, creates awesome user experiences, encourages innovation, and creates business opportunity
A human-centered, iterative process to problem solving
“Deep Customer Empathy,” one of the steps in the Design Thinking process, is used to:
Group of answer choices
capture customer data for marketing purposes
allow companies to be sensitive to their employees’ needs and wants
understand people and their pain points to identify their needs and desires to better develop new ideas and solutions
interview potential customers about their likes and dislikes about a product or service
Both C and D
Which step in the D4D Design Thinking process includes brainstorming potential solutions to an identified problem?
Group of answer choices
Rapid Experimentation
Go Broad to Go Narrow
Deep Customer Empathy
None of the Above
Which one of the following is an acceptable prototype?
Group of answer choices
Storyboard
Hand drawing
Lego model
3-D Printer Model
All of the above

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