3 kurs 1variant

3 KURS 2 VARIANT 6 SEMESTR

1. Which of the following is not a level of trade proficiency?

a) apprentice b) master c) foreman d) senior
2. It is necessary to keep accurate business records
a) for tax purposes b) to determine business size c) to determine d) for getting more profit
3. The fastest growing type of business is
a) manufacturing b) farming c) franchising d) fishing
4. Regulations are necessary because they
a) help politically powerful big business b) make business practices more equitable and fair.
c) give government officials power d) create jobs
5. Which one of the following is a distributive kind of business?
a) radio station b) advertising agency c) canning factory d) warehouse
6. Which of the following products can be sold in vending machines?
a) hot soup and sandwiches b) stockings c) insurance policies d) all of these
7. Which of the following is a repair business that services businesses?
a) watchmaker b) TV repair shop c) office machine repair d) dentist
8. Which of the following is not a financial business?
a) credit union b) insurance company c) investment bank d) company that prints paper money
9. An advantage of small businesses over big businesses is that the small businesses
a) are more flexible b) have fewer problems c) are less regulated d) are all of the above
10. When business owners pay their bills early, they are usually entitled to a
a) dividend b) profit c) cash discount d) gift
11. When business owners purchase large quantities of goods from a seller, they are usually entitled to a
a) trade discount b) cash discount c) markdown d) dividend
12. The form used to record daily transactions is called a
a) ledger b) daily records c) balance sheet d) journal
13. The purpose of the balance sheet is to
a) give a clear financial picture of the business b) attract investors
c) avoid paying taxes d) meet federal regulations
14. The total earnings due to an employee who is paid hourly wages is called
a) net wages b) gross wages c) take-home pay d) overtime pay
15. Which one of the following is not a financial record?
a) operations statement b) dossier c) balance sheet d) time card
16. It's up to the accountant to ... the various financial statements.
a) interpret b) intercept c) invent d) translate
17. The bookkeeper keeps a record of every financial... .
a) Action b) transaction c) entry d) transcription
18. One ... of the invoice goes to the customer, another copy goes to Sales and we keep the other one here in Accounts
a) Photocopy b) issue c) top copy d) account
19. We send a ... to customers who haven't settled their accounts.
a) reminder b) remainder c) remembrance d) memory
20. This company has a weekly ... of about $100 000.
a) pay b) payroll c) salary d) wage
21. Do they have enough working ... to keep trading?
a) Capital b) expenses c) accounts d) currency
22. Such items as buildings and machinery are known as ... assets,
a) Current b) hidden c) fixed d) liquid
23. When elected representatives of employees meet with representatives of management to work out an agreement, they are engaged in
a) collective bargaining b) arbitration c) mediation d) negotiation
24 .Personnel management is actually the proper and intelligent handling of
a)people b) personnel c) personal problems d) workers
25. One advantage of the sole proprietorship form of business organization is that
a) it is easy to raise capital b) it has unlimited liability c) there is limited life of the business
d) there is no sharing of profit
26. The legal form of business organization that has only one owner is known as
a) sole proprietorship c b) a cooperative c) a partnership d) a stock company
27. One advantage of the corporate form of business organization is that
a) the number of government regulations is small b) there is unlimited liability
c) there is easy transfer of ownership d) taxes are low
28. One disadvantage of the corporate form of business ownership is that
a) it has limited liability b) it has unlimited existence c) it requires a sharing of responsibility
d) it must comply with a number of government regulations
29. A corporation that sells stock to the public is known as a
a) private corporation b) government corporation c) public corporation d) nonprofit corporation
30. A law firm might easily be organized as a
a) partnership b) sole proprietorship c) corporation d) private corporation