FINANCE CLUSTER EXAM QUESTIONS
AND ANSWERS WITH SOLUTIONS 2024
What group is often affected by administrative law?
- ANSWER-Businesses
A form of business ownership in which the owners own shares of stock is known
as a?
- ANSWER-partnership
Financial managers who are legally responsible for their clients' investments
must demonstrate fiduciary responsibility, which involves
- ANSWER-acting in the best interest of their clients
Which of the following is an estate tax deduction?
A. Valuable art and collectibles left to children
B. Property passing directly to the surviving spouse
C. Charitable contributions that are unqualified
D. Money left to friends or distant relatives
- ANSWER-Property passing directly to the surviving spouse
Colin bought 35 shares of stock at $23.50 per share and recently sold all of the
stock for $53.00 per share. What type of tax will Colin pay?
- ANSWER-Capital gains
The primary reason that financial-services businesses hire compliance officers is
to?
- ANSWER-Ensure that the businesses are following industry regulations
What is an advantage to businesses of using virtual-auditor technology?
- ANSWER-The continuous inspection of transactional data
A virtual auditor that determines inconsistencies and errors by examining data
from multible financial systems is suing the _____ reasoning process.
- ANSWER-Cross-source
Sometimes, the ability to follow directions is a skill that is necessary for survival.
This is a ____ skill.
- ANSWER-Life
What is one way businesspeople can improve their active listening skills?
- ANSWER-Asking questions during speakers' messages to reduce barriers
, One reason business employees often use note cards when making oral
presentations is because the cards help them to?
- ANSWER-Remember key points
A persuasive message that asks a person to do something should be written in a
way that makes it easy for the person to?
- ANSWER-Respond positively
What is a characteristic of an effective informal business report?
- ANSWER-Logical
A request made by an employee to a supervisor is an example of what type of
communication?
- ANSWER-Upward
What is likely to happen to employees who are discourteous to the customers?
- ANSWER-They may be fired
Which of the difficult customer types may become your best and most loyal
customer once they learn to trust you?
- ANSWER-Suspicious
By using simple data-mining techniques to gather data from internal databases,
businesses can often identify?
- ANSWER-Customer trends
A business selects specific characteristics about its customers and uses
software to obtain data from its database, which will help the business identify,
evaluate, and group its customers' buying behaviors. The business is using the
____ data-mining technique.
- ANSWER-Clustering
The law of demand states that as the price of a product increases, the demand for
that product will?
- ANSWER-Increase
What is a characteristic of the organic organizational business structure?
- ANSWER-Delegation emphasis
What is true about private enterprises?
- ANSWER-Individuals make economic choices
What factor that affects profit can be controlled by a business?
- ANSWER-Expenses
AND ANSWERS WITH SOLUTIONS 2024
What group is often affected by administrative law?
- ANSWER-Businesses
A form of business ownership in which the owners own shares of stock is known
as a?
- ANSWER-partnership
Financial managers who are legally responsible for their clients' investments
must demonstrate fiduciary responsibility, which involves
- ANSWER-acting in the best interest of their clients
Which of the following is an estate tax deduction?
A. Valuable art and collectibles left to children
B. Property passing directly to the surviving spouse
C. Charitable contributions that are unqualified
D. Money left to friends or distant relatives
- ANSWER-Property passing directly to the surviving spouse
Colin bought 35 shares of stock at $23.50 per share and recently sold all of the
stock for $53.00 per share. What type of tax will Colin pay?
- ANSWER-Capital gains
The primary reason that financial-services businesses hire compliance officers is
to?
- ANSWER-Ensure that the businesses are following industry regulations
What is an advantage to businesses of using virtual-auditor technology?
- ANSWER-The continuous inspection of transactional data
A virtual auditor that determines inconsistencies and errors by examining data
from multible financial systems is suing the _____ reasoning process.
- ANSWER-Cross-source
Sometimes, the ability to follow directions is a skill that is necessary for survival.
This is a ____ skill.
- ANSWER-Life
What is one way businesspeople can improve their active listening skills?
- ANSWER-Asking questions during speakers' messages to reduce barriers
, One reason business employees often use note cards when making oral
presentations is because the cards help them to?
- ANSWER-Remember key points
A persuasive message that asks a person to do something should be written in a
way that makes it easy for the person to?
- ANSWER-Respond positively
What is a characteristic of an effective informal business report?
- ANSWER-Logical
A request made by an employee to a supervisor is an example of what type of
communication?
- ANSWER-Upward
What is likely to happen to employees who are discourteous to the customers?
- ANSWER-They may be fired
Which of the difficult customer types may become your best and most loyal
customer once they learn to trust you?
- ANSWER-Suspicious
By using simple data-mining techniques to gather data from internal databases,
businesses can often identify?
- ANSWER-Customer trends
A business selects specific characteristics about its customers and uses
software to obtain data from its database, which will help the business identify,
evaluate, and group its customers' buying behaviors. The business is using the
____ data-mining technique.
- ANSWER-Clustering
The law of demand states that as the price of a product increases, the demand for
that product will?
- ANSWER-Increase
What is a characteristic of the organic organizational business structure?
- ANSWER-Delegation emphasis
What is true about private enterprises?
- ANSWER-Individuals make economic choices
What factor that affects profit can be controlled by a business?
- ANSWER-Expenses
