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| Section | Weight | Objectives |
|---|---|---|
| Law and International Business | 15% | - Legal principles affecting business
|
| Professional Business Education | 7% | - Curriculum and instruction
|
| Communication and Career Development | 13% | - Career development and employability skills
|
| Entrepreneurship | 10% | - Business organization and planning
|
| Accounting and Finance | 15% | - Fundamental accounting concepts and processes
|
| Information Technology | 15% | - Technology applications in business
|
| Economics | 13% | - Fundamental economic concepts
|
| Management and Marketing | 12% | - Marketing concepts and strategies
|
1. Which of the following best describes the purpose of tabs in word-processing software?
A) To create graphics
B) To wrap text around a graphic
C) To single-space lines of text
D) To position text within a line
2. A company's financial statements show the following for the fiscal year: total assets of $1,200,000, total liabilities of $750,000, net income of $150,000, and dividends paid of $50,000. The company has no preferred stock, and the beginning retained earnings were $200,000. What is the company's ending retained earnings?
A) $400,000
B) $300,000
C) $250,000
D) $350,000
3. A warehouse manager wants to clarify the date and time of an employee meeting and sends an instant message (IM) to another manager in the warehouse. The use of IM is considered acceptable because the sender is most likely to be
A) finishing a sensitive discussion
B) needing an immediate response
C) avoiding a permanent record
D) multitasking during a meeting
4. 
5. The easiest and most popular business structure to implement is a
A) corporation
B) limited liability company
C) partnership
D) sole proprietorship
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: Only visible for members | Question # 5 Answer: D |
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