5101 Exam

Which of the following primarily benefits an American multi-national company?

• implementation of a positive trade agenda

• policies that reduce foreign direct investment

• increased competition with foreign state-owned enterprises

• exclusion from the global supply chain

The court that administers to will and estate proceedings is called

• Municipal court

• Circuit court

• Federal District Court

• Probate Court

Which of the following is a primary reward for and entrepreneur?

• showing casing their unique expertise and skills

• assuming total responsibility for the business

• working extensive hours

• enduring financial risks

What is the correct order of the layers of a computer system, from bottom to top?

• hardware, application software, operating system, end user

• application software, end user, hardware, operating system

• hardware, operating system, application software, end user

• end user, applications software, operating system, hardware

Which promotional strategy should a company use to attract Gen Y customers?

• coupons in the weekly newspaper

• commercials on national radio

• information posted on a company website

• full page ad in a magazine

Before forwarding a business email, you should FIRST consider whether:

• the author of the email has given permission since emails are protected by copyright law

• the email chain contains any confidential information so you don't violate privacy laws

• the exchanges between the author and the recipient are included

• the email contains exchanges of multiple employees

What is the "grapevine" of communication?

• a corporate newsletter

• an informal setting where information is exchanged

• information communicated by managers to employees in a business meeting

• memos posted on a company's intranet

Investors the are non-decision makers in a partnership are called:

• general partners

• stakeholders

• share holders

• limited partners

The actual rate of interest received on a savings account is called:

• annual percentage rate

• effective rate

• nominal rate

• periodic rate

The percentage of interest compounded over a period is called:

• annual percentage rate

• effective rate

• nominal rate

• periodic rate