Business Exam Review

Question 1

What are the 4 ways to organize yourself and give examples of each?

Answer 1

1. Organize yourself (ex. taking a shower everyday)
2. Organize your time ( ex. setting reminders and putting things on calenders)
3. Organize your things (ex. folding your clothes and putting them away)
4. Organize your space (ex. having a desk or book shelf in your room)

Question 2

What is the definition of time management?

Answer 2

Time management is how we use our time.

Question 3

What are the positive and negative effects of time management?

Answer 3

Positive: you are punctual, hand things in by the due date, don’t miss tests, are not stressed etc.
Negative: you are late, don’t hand things in by their due date, miss tests, stressed etc.

Question 4

What is the meaning of the word “problem”?

Answer 4

A solution is needed to fix it
A question that needs to be answered
A situation that comes with difficulty
Can happen in social life, school, work, or home.

Question 5

What are some individual skills that connect to problem solving?

Answer 5

Communication
Adaptabillity
Understanding
Listening
Teamwork
Critical thinking

Question 6

What is the definition of critical thinking?

Answer 6

Critical thinking helps us to solve problems and make sense of the world around us.

Question 7

Why is critical thinking an important skill to have in everyday life?

Answer 7

It helps you become a better learner
Helps you make informed decisions
Helps you to resolve conflicts

Question 8

What is the definition of creativity?

Answer 8

Creativity is the abillity to express ourselves in unique ways.

Question 9

What are some inventions/creations that hvae changed how the world works?

Answer 9

-Vehicles
-Technology
-Washing and drying machines
-Dishwashers
-Microwaves
-Ovens

Question 10

What is the definition of self-motivation?

Answer 10

Self-motivation is the method of motivation yourself by identiying your traits, realizing your strengths, and visuallizing success.

Question 11

What is the difference between intrinsic and extrinsic motivation? Give examples.

Answer 11

Intrinsic: The motivation to do something for the sake of it and for personal gain. (ex. studying a subject because you are interested in it).

Extrinsic: The motivation to do something to gain a reward or avoid a punishement. (ex. playing a sport to win awards).

Question 12

What is the definition of adaptabillity?

Answer 12

Adaptabillity is being open to change and chainging your mindset based on new information.

Question 13

How should you look at faliure?

Answer 13

Accept and acknowledge it, knowing that things don’t always go your way.

Question 14

What are some tips to deal with faliure?

Answer 14

1. Take responsibillity- try and make sure it doesn’t happen again.
2. Don’t dwell- try again!
3. Learn from it- learn from the lesson that comes with faliure.
4. Accept your emotions- allow yourself to feel how you feel.
5. Be kind- don’t beat yourself up about it.

Question 15

What are some qualities of a good leader?

Answer 15

Show empathy
Have experience
Take responsabillity
Have confidence
Take on challenges

Question 16

What are some examples of word processing programs?

Answer 16

Google docs
Apple pages
Microsoft word

Question 17

What are shortcuts for: bold, underline, italics, copy, paste, cut, and print?

Answer 17

Bold: ctrl b
Underline: ctrl u
Italics: ctrl I
Copy: ctrl c
Paste ctrl v
Cut: ctrl x
Print: ctrl p

Question 18

What are the 9 parts of a business letter?

Answer 18

1. Return address- reciever can send a reply to sender
2. Date line- indicates when the letter way keyes and must be in full (ex. january 18th 2025)
3. Inside address- name and address of the person recieving the letter
4. Salutation- greeting within the letter (dear Ms. Trust) (if you do not know the name of the person you are sending to say to whom it may concern or dear sir or madame).
5. Subject line- States the purpose of your letter
6. Body (3 paragraphs)
7. Complimentary closing- ends your letter (sincerley, regards etc.)
8. Signature- confirms the letter was sent from the person.
9. Writer’s indentification- name of sender

Question 19

What is the definition of a spreadsheet?

Answer 19

A docuement in which data is arragned in the rows and colunms of a grid that can be used in calculations.

Question 20

What are some names of program’s that use spreadsheets?

Answer 20

Microsoft excel
Apple numbers
Google sheets

Question 21

What is a cell?

Answer 21

A rectangular box on a spreadsheet it is represented by a number and letter

Question 22

What is a row?

Answer 22

On a spreadsheet is represented by a number.

Question 23

What is a column?

Answer 23

On a spreadsheet is represented by a letter.

Question 24

What are the formula’s for addition, subraction, multiplication, and division on a spreadsheet?

Answer 24

Addition: =A2+A2
Subtraction: =A2-A3
Multiplication: =A2*A3
Division: =A2/A3

Question 25

What are the formula’s for total, average, highest, and lowest?

Answer 25

Total: =sum(A2:A3)
Average: =average(A2:A3)
Highest: =max(A2:A3)
Lowest: =min(A2:A3)

Question 26

What is a need? Give examples.

Answer 26

A nessicity, something that is crucial for survival (ex. food, shelter, family, water etc.)

Question 27

What is a want? Give examples.

Answer 27

Something you would like, but don’t need for survival (ex. a phone, chocolate, etc.)

Question 28

What is income?

Answer 28

Income is the money that you make or recieve.

Question 29

What is savings?

Answer 29

Savings is the money you put away.

Question 30

What is expenses?

Answer 30

Expenses is the money you have to pay.

Question 31

What is a fixed expense. Give examples.

Answer 31

A fixed expense is an amount that doesn’t change. (ex. cell phone payment, car payment).

Question 32

What is a variable expense? Give examples.

Answer 32

A variable expense is an amount that changes. (ex. groceries, entertainment, gas).

Question 33

What are the 3 types of budgets. Explain them.

Answer 33

1. 50/30/20 budget- 50% of your income goes towards expenses, 30% goes towards spending money, and 20% goes towards savings.
2. Pay yourself first budget- You automatically take the same amount of money and put into savings. The rest is for spending and expenses.
3. Envelope Budget- You have an envelope for each expense and an envelope for income.

Question 34

What is single spacing, and what is double spacing?

Answer 34

Single spacing means there is no space between the lines of text. Double spacing means there is one line of spacing between text.

Question 35

What is a bar graph, line graph, and pie graph?

Answer 35

Bar graph- Used if categories are total monthly sales, or the amount of hours worked in a week etc.

Line graph- Used if comparing numbers realted to weight, temperatures, height, depth etc.

Pie graph- Used if you want to show percents.

Question 36

What are the 3 different allignments?

Answer 36

Right allignment, left alignment, and centre alignment.

Question 37

What is the definition of a slide?

Answer 37

A page in a presentation that gives information trhough text and graphics.

Question 38

What is the definition of transistions?

Answer 38

A visual effect that occurs when you move from one slide to the next.

Question 39

What is the definition of desinger?

Answer 39

Gives ideas on how to arrange texts and images.

Question 40

How should you look at the word FAIL?

Answer 40

F- first
A-attempt
I-in
L-learning

Question 41

What are 8 features or design ideas that should be considred when making a powerpoint presentation?

Answer 41

Transistion
Animations
Font styles and colors
Pictures
Graphs/charts
background colors
bulleted list
tables

Question 42

What is the definition of a budget?

Answer 42

Shows the money you can spend.