Banking

Question 1

A restrictive endorsement on the back of a check includes what 3 words

Answer 1

For deposit only

Question 2

When you list checks on a deposit slip, include the drawers name or what?

Answer 2

American bankers association

Question 3

What do you do f you make a mistake on a check?

Answer 3

Void the check

Question 4

The currency line on a deposit slip is used for recording what?

Answer 4

Checks

Question 5

How often are bank statements sent by the bank

Answer 5

Monthly

Question 6

When you address a business letter to a company, not a person, what words do you use?

Answer 6

Ladies and gentlemen

Question 7

A colon follows the salutation and a comma follows the complimentary closing when using what kind of punctuation

Answer 7

Mixed punctuation

Question 8

All parts begin at the left margin when using what kind of style?

Answer 8

Block letter style

Question 9

What does the first paragraph of a letter explain?

Answer 9

The purpose of the letter

Question 10

What does the last paragraph of a letter explain?

Answer 10

Summarizes the main points

Question 11

What is one common payroll deduction?

Answer 11

Health insurance

Question 12

When is the employees withholding allowance certificate(w-4) completed?

Answer 12

When the employee is first hired

Question 13

If an employee worked 40 regular hours at $8.00 an hour plus 5 overtime hours, what is the gross pay?

Answer 13

$415

Question 14

How do businesses keep accurate records of employees hours spent on the job?

Answer 14

Time clocks

Question 15

Sometimes banks serve as depositories for the…?

Answer 15

Internal revenue service

Question 16

What are postage rates set according to?

Answer 16

The weight of mail and it’s zone of destination

Question 17

On a bill of landing, what is the trucking company called?

Answer 17

The carrier

Question 18

What is the weight limit at the post office?

Answer 18

70 pounds

Question 19

What is the person or business called that is receiving the shipment?

Answer 19

The consignee

Question 20

What does the trucking company send the shipper after the shipment has been delivered

Answer 20

Freight bill

Question 21

When is it not nessacery to look up the zone of destination?

Answer 21

When the destination is local

Question 22

An envelope with 1 postage stamp on it is sent by what kind of mail?

Answer 22

Priority mail

Question 23

What are the amounts of money owed to a business by the companies customers?

Answer 23

Accounts receivable

Question 24

What is a non profit organization exempt from?

Answer 24

Sales tax

Question 25

Accounts of money coming into and going out of the company are called what?

Answer 25

Cash flow

Question 26

Who are purchase orders prepared by?

Answer 26

The buyer

Question 27

A form sent with a check when the customers pay an invoice is called what?

Answer 27

Remittance slip

Question 28

What do the terms on a purchase order have to do with?

Answer 28

The method of payment

Question 29

Before paying an item invoice, a manager should wait until he received the....?

Answer 29

The shipment form

Question 30

What is it called for the price of one item

Answer 30

The unit price

Question 31

Retailers and wholesales are also called what?

Answer 31

Suppliers

Question 32

A fee earned based on a percentage of the sale is called?

Answer 32

Commission

Question 33

In wary years of a mortgage pay off, most of the payment is applies to the what?

Answer 33

Interest

Question 34

What are the goods that a business has for sale?

Answer 34

Inventory

Question 35

What is the amount borrowed on a loan called?

Answer 35

The principal

Question 36

If the payments on an installment loan are not made in a time matter what happens?

Answer 36

The seller has the right to repossess

Question 37

In addition to the principal and interest what else do mortgage payments include?

Answer 37

Insurance and taxes

Question 38

Which of the following would be considered 2 words in calculating a want ad?

Answer 38

On/off

Question 39

What is the cost of a want ad determined by?

Answer 39

The number of issues and the number of words

Question 40

What do the advertising agencies charge their customers for?

Answer 40

The cost of each ad Andalusia a commission

Question 41

Advertising appearing in the yellow pages of a telephone book is called what?

Answer 41

Directory advertising

Question 42

What is a business called owned by 1 person?

Answer 42

Sole proprietorship

Question 43

What is a business called that is owned by stockholders and managed by a board of directors?

Answer 43

Corporation

Question 44

What's the name of a program that is designed to make new employees quickly feel at home?

Answer 44

Orientation

Question 45

How do business check to make sure that the employees are doing their work efficiently?

Answer 45

Audits

Question 46

What is the executive summary?

Answer 46

The key points in a business

Question 47

What's the advantages of owning your own business?

Answer 47

Own boss, earning profits, working alone

Question 48

What's the purpose of writing a business plan?

Answer 48

To incorporate business

Question 49

What's the first step in preparing for work?

Answer 49

Research the prospective employer

Question 50

How should you go about getting an employer to interview her?

Answer 50

Take the initative to contact them for an interview

Question 51

What's the purpose of a job performance evaluation?

Answer 51

Help an employee identify their strengths and weaknesses

Question 52

What will help you keep your job once your hired?

Answer 52

Human relation skills

Question 53

What is tact?

Answer 53

Knowing what to do or say in a situation

Question 54

What is tolerance?

Answer 54

Recognizing and making allowances for the different people

Question 55

What does the corporation conduct annually?

Answer 55

Anual stockholders meeting

Question 56

Who controls the corporation?

Answer 56

The board of directors

Question 57

What is an investment?

Answer 57

Money put to work to earn money

Question 58

Bank on which a check is drawn

Answer 58

Drawee

Question 59

Person or business who receives a check

Answer 59

Payee

Question 60

Form for recording deposits and checks

Answer 60

Check register

Question 61

Checks paid by the bank

Answer 61

Canceled checks

Question 62

Business stationary

Answer 62

Letterhead

Question 63

Contains an introduction, detailed info, and a conclusion

Answer 63

Body

Question 64

First line written or keyed on a business letter

Answer 64

Date

Question 65

Serves as a reminder that there is something included with the letter

Answer 65

Enclosure notation

Question 66

Amount an employer receives before deductions

Answer 66

Gross pay

Question 67

Form listing gross and net pay for the employers of a business

Answer 67

Payroll register

Question 68

What is priority mail

Answer 68

First class mail

Question 69

Fastest delivery service offered by u.s postal service

Answer 69

Express mail

Question 70

Provides a mailing receipt

Answer 70

Certified mail

Question 71

Includes the cover latter and table of contents

Answer 71

Introduction

Question 72

Includes mission statement and other goals

Answer 72

Description of business

Question 73

Organization chart and job description

Answer 73

Management

Question 74

Documents not in the body of the business plan

Answer 74

Appendix

Question 75

Marketing plan

Answer 75

Research conducted and customer profile

Question 76

Financial plan

Answer 76

Estimates of income and expenses for business

Question 77

What is an investment?

Answer 77

Money put to work to earn money

Question 78

Bank on which a check is drawn

Answer 78

Drawee

Question 79

Person or business who receives a check

Answer 79

Payee

Question 80

Form for recording deposits and checks

Answer 80

Check register

Question 81

Checks paid by the bank

Answer 81

Canceled checks

Question 82

Business stationary

Answer 82

Letterhead

Question 83

Contains an introduction, detailed info, and a conclusion

Answer 83

Body

Question 84

First line written or keyed on a business letter

Answer 84

Date

Question 85

Serves as a reminder that there is something included with the letter

Answer 85

Enclosure notation

Question 86

Amount an employer receives before deductions

Answer 86

Gross pay

Question 87

Form listing gross and net pay for the employers of a business

Answer 87

Payroll register

Question 88

What is priority mail

Answer 88

First class mail

Question 89

Fastest delivery service offered by u.s postal service

Answer 89

Express mail

Question 90

Provides a mailing receipt

Answer 90

Certified mail

Question 91

Includes the cover latter and table of contents

Answer 91

Introduction

Question 92

Includes mission statement and other goals

Answer 92

Description of business

Question 93

Organization chart and job description

Answer 93

Management

Question 94

Documents not in the body of the business plan

Answer 94

Appendix

Question 95

Marketing plan

Answer 95

Research conducted and customer profile

Question 96

Financial plan

Answer 96

Estimates of income and expenses for business