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Ultimate Guide for Making Top Grades in College: The Most Concise Guide For Your College Success
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Introduction to Business Administration
Business - correct answer Any activity that seeks to provide goods or services while operating at a profit. 
 
Revenue - correct answer The total amount of money a business takes in during a given period of time by selling goods and services. 
 
Profit - correct answer The amount of money a business earns beyond what it spends for salaries and other expenses. 
 
Risk - correct answer The chance an entrepreneur takes of losing time and money on a business that may not prove profitable. 
 
Reward ...
- Exam (elaborations)
- • 5 pages •
Business - correct answer Any activity that seeks to provide goods or services while operating at a profit. 
 
Revenue - correct answer The total amount of money a business takes in during a given period of time by selling goods and services. 
 
Profit - correct answer The amount of money a business earns beyond what it spends for salaries and other expenses. 
 
Risk - correct answer The chance an entrepreneur takes of losing time and money on a business that may not prove profitable. 
 
Reward ...
BTEC L3 Information Technology Unit 1 - Exam Theory
Multifunctional Devices - correct answer Devices that can perform multiple functions. 
 
Personal Computers - correct answer Small, inexpensive computers for use by individual users. 
 
Mobile Devices - correct answer Smartphones and tablets are made with portability in mind to give people computer and internet access whilst on the go. 
 
Servers - correct answer Powerful computers that provide services to other computers connected to a network. 
 
Entertainment Systems - correct answer ...
- Exam (elaborations)
- • 21 pages •
Multifunctional Devices - correct answer Devices that can perform multiple functions. 
 
Personal Computers - correct answer Small, inexpensive computers for use by individual users. 
 
Mobile Devices - correct answer Smartphones and tablets are made with portability in mind to give people computer and internet access whilst on the go. 
 
Servers - correct answer Powerful computers that provide services to other computers connected to a network. 
 
Entertainment Systems - correct answer ...
Level 3 Business Administration
What is defined as "a statement of the assets, liabilities (funds owed by the business), and capital of a business or organisation at a particular point in time, detailing the balance of income (money received) and expenditure (money spend) over the preceding period"? - correct answer balance sheet 
 
The following are all ways an organisation can _____________? 
- to realise or make unused assets work (e.g. renting out unused premises) 
- to implement rigorous procedures for obtaining paymen...
- Exam (elaborations)
- • 9 pages •
What is defined as "a statement of the assets, liabilities (funds owed by the business), and capital of a business or organisation at a particular point in time, detailing the balance of income (money received) and expenditure (money spend) over the preceding period"? - correct answer balance sheet 
 
The following are all ways an organisation can _____________? 
- to realise or make unused assets work (e.g. renting out unused premises) 
- to implement rigorous procedures for obtaining paymen...
ICT- Unit 1 Level 3 BTEC
Application Software - correct answer Application software is what allows the end user of an IT system to perform taks 
 
productivity software - correct answer Productivity software is used to allow users to perform their work-based tasks more efficiently 
E.g. Word processing/Spreadsheet/Database/Presentation 
 
Graphics and Multimedia Software - correct answer Graphics and Multimedia software is used to produce graphics and multimedia products on your computer system 
E.g. CAD/graphics edi...
- Exam (elaborations)
- • 20 pages •
Application Software - correct answer Application software is what allows the end user of an IT system to perform taks 
 
productivity software - correct answer Productivity software is used to allow users to perform their work-based tasks more efficiently 
E.g. Word processing/Spreadsheet/Database/Presentation 
 
Graphics and Multimedia Software - correct answer Graphics and Multimedia software is used to produce graphics and multimedia products on your computer system 
E.g. CAD/graphics edi...
Business BTEC - Unit 3 - Learning Aim C
Purposes of accounting an organization - correct answer - Needs to be Recorded 
- Management of Business 
- Compliance 
- Measuring Performance 
- Control 
 
double-entry bookkeeping - correct answer the practice of writing every business transaction in two places 
 
Where are income and expenses summarised? - correct answer Profit and Loss Statement 
 
Where are assets and liabilities summarised? - correct answer Balance Sheet 
 
Revenue Income - correct answer Income that is related to th...
- Exam (elaborations)
- • 2 pages •
Purposes of accounting an organization - correct answer - Needs to be Recorded 
- Management of Business 
- Compliance 
- Measuring Performance 
- Control 
 
double-entry bookkeeping - correct answer the practice of writing every business transaction in two places 
 
Where are income and expenses summarised? - correct answer Profit and Loss Statement 
 
Where are assets and liabilities summarised? - correct answer Balance Sheet 
 
Revenue Income - correct answer Income that is related to th...
Business Management and Administration terminology
project - correct answer something that is carefully planned an designed to achieve a specific goal 
 
embargo - correct answer an official ban on trade or other commercial activity with a particular country. 
 
import - correct answer goods and services brought from other countries 
 
business analysis - correct answer reviewing business practices to enable change 
 
Business Risk - correct answer The possibility that a company will have lower than anticipated profits 
 
Information Manage...
- Exam (elaborations)
- • 2 pages •
project - correct answer something that is carefully planned an designed to achieve a specific goal 
 
embargo - correct answer an official ban on trade or other commercial activity with a particular country. 
 
import - correct answer goods and services brought from other countries 
 
business analysis - correct answer reviewing business practices to enable change 
 
Business Risk - correct answer The possibility that a company will have lower than anticipated profits 
 
Information Manage...
BUSINESS MANAGEMENT AND ADMINISTRATION CLUSTER EXAM
1. One of the main functions of the legal procedure is to 
A. establish laws. 
B. enact legislation. 
C. resolve disputes. 
D. dissolve businesses. - correct answer C 
 
2. Marsha wants to invest her savings in a business. However, she wants to protect all of her personal 
assets. Which type of business ownership would be most appropriate for Marsha? 
A. Sole proprietorship 
B. Franchise 
C. Partnership 
D. Corporation - correct answer D 
 
3. Which of the following statements regarding compan...
- Exam (elaborations)
- • 24 pages •
1. One of the main functions of the legal procedure is to 
A. establish laws. 
B. enact legislation. 
C. resolve disputes. 
D. dissolve businesses. - correct answer C 
 
2. Marsha wants to invest her savings in a business. However, she wants to protect all of her personal 
assets. Which type of business ownership would be most appropriate for Marsha? 
A. Sole proprietorship 
B. Franchise 
C. Partnership 
D. Corporation - correct answer D 
 
3. Which of the following statements regarding compan...
Business Management and Administration
Aviation, taxation, and commerce are categories of ____________ law. - correct answer Administrative 
 
Before you can perform new tasks, you should first read the instruction manual so you can - correct answer Follow the written directions in the proper sequence 
 
One way for an audience to show that it supports a speaker's opinion is by ____________ the speaker. - correct answer Applauding 
 
What communication style is most appropriate to use when you are providing a friend with personal...
- Exam (elaborations)
- • 25 pages •
Aviation, taxation, and commerce are categories of ____________ law. - correct answer Administrative 
 
Before you can perform new tasks, you should first read the instruction manual so you can - correct answer Follow the written directions in the proper sequence 
 
One way for an audience to show that it supports a speaker's opinion is by ____________ the speaker. - correct answer Applauding 
 
What communication style is most appropriate to use when you are providing a friend with personal...
Business Administration terminology
Business - correct answerany activity that provides goods and services in an effort to earn a profit 
 
Profit - correct answerrevenue - expenses = Profit (or loss) 
 
Loss - correct answerWhen a business incurs expenses that are greater than its revenue 
 
Entrepreneurs - correct answerpeople who risk their time, money, and other resources to start and manage a business 
 
Standard of Living - correct answerthe quality and quantity of goods and services available to a population 
 
Quality of L...
- Exam (elaborations)
- • 3 pages •
Business - correct answerany activity that provides goods and services in an effort to earn a profit 
 
Profit - correct answerrevenue - expenses = Profit (or loss) 
 
Loss - correct answerWhen a business incurs expenses that are greater than its revenue 
 
Entrepreneurs - correct answerpeople who risk their time, money, and other resources to start and manage a business 
 
Standard of Living - correct answerthe quality and quantity of goods and services available to a population 
 
Quality of L...
Pro Tools 101 Certification
hat types of products does the AIR Software Group specialize in? 
Innovative plug-ins for ProTools 
 
 
 
Examples of AIR plug-ins: 
Virtual instruments; Air Creative collection; Structure 
 
 
 
What is the frequency range of human hearing? 
20 Hz to 20 kHz 
 
 
 
What does the frequency of a sound wave affect in terms of how we perceive the sound? 
Frequency affects pitch 
 
 
 
How is frequency measured? 
Cycles per second (CPS) or Hertz (Hz) 
 
 
 
What does the amplitude of the sound wave a...
- Exam (elaborations)
- • 6 pages •
hat types of products does the AIR Software Group specialize in? 
Innovative plug-ins for ProTools 
 
 
 
Examples of AIR plug-ins: 
Virtual instruments; Air Creative collection; Structure 
 
 
 
What is the frequency range of human hearing? 
20 Hz to 20 kHz 
 
 
 
What does the frequency of a sound wave affect in terms of how we perceive the sound? 
Frequency affects pitch 
 
 
 
How is frequency measured? 
Cycles per second (CPS) or Hertz (Hz) 
 
 
 
What does the amplitude of the sound wave a...