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TExES Business and Finance 6-12 (276) Practice Test
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There are five content areas, called domains, on the test. Each content area tests in several categories. Finance: Tests knowledge of money matters, such as comparing and contrasting investment strategies Banking and financial services, including how to utilize banking information systems Securities and investments, which includes selecting client investments and calculating asset values Insurance operation, which includes techniques to identify fraud Basic and advanced accounting by showcasing critical thinking skills independently and in teams Financial analysis to solve... Show more
TExES Business and Finance 6-12 (276) Practice Test
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25 Questions

1. Which of the following would be a violation of the Occupational Safety and Health Act (OSHA)?
2. A manufacturing company implements anti-pollution measures as outlined by applicable legislation, but opts not to adopt any additional anti-pollution measures. This company has most likely adopted which of the following approaches to business-society relations?
3. If a potential business owner projects that she will need to invest $100,000 in equipment to start a dry cleaning business, and the business’ monthly expenses on rent, insurance, labor costs, and other incidentals are $5,000, how many months will it take for her to earn back her initial investment if the average monthly gross revenue is $8,000?
4. In marketing, the demand for a product is directly influenced by:
5. The Equal Employment Opportunity Commission (EEOC) is responsible for enforcing all but which of the following laws?
6. Corporation X, the largest oil refiner in the U.S., wants to purchase Corporation Y, the only other oil refiner in the U.S. This situation may be of concern to the government because:
7. A shareholder owns 200 shares of stock XYZ at $58 each. If there is a 2-1 stock split, how many shares will that shareholder have, and what will the new share price be?
8. Refer to the following table:

Time card: Scott Smith

Date

Clock in

Clock out

11/01

11:00 AM

3:00 PM

11/02

8:00 AM

12:00 PM

11/03

8:00 AM

12:00 PM

11/05

11:00 AM

3:00 PM

11/07

8:00 AM

12:00 PM

9. Accounts receivable are:
10. An individual who is about to retire and wants to earn interest without risking his or her principal would most likely be advised to invest in:
11. Which of the following constitutes a binding contract?
12. Refer to the table below and correctly match each Management Approach in the right column with the characteristic in the left column that best describes it

Management Approach

Characteristic

1. Classical Theory

A. Productivity can be improved through the application of mathematical models

2. Behavioral Theory

B. Understanding the worker’s perspective is key to successful management

3. Management Science Approach

C. There is no single “correct” theory; instead, managers should apply the theory that is most sensible in a given situation

4. Contingency Approach

D. Productivity can be maximized by presenting the right combination of incentives, and correctly designing jobs

13. Which of the following business careers could a teacher safely recommend for a student who would not enjoy working with the public on a regular basis?
14. At a meeting with shareholders, an executive would be most likely to use which of the following visual aids to present a report on monthly stock gains and losses over a one-year period?
15. When designing a website for an online business, the web developer would include a site map in order to:
16. Refer to the following table:

Sticker price of the car

Down payment

Monthly payment

Term of loan

Option A

$8,000

$0

$330

36 months

Option B

$8,000

$3,000

$160

60 months

Option C

$15,000

$0

$250

60 months

Option D

$15,000

$5,000

$400

36 months


A family wants to buy a new car, and is trying to decide between four different car and car loan options. Which of the loans would require them to pay the least amount of money overall, including the down payment and the monthly payments?
17. Anna is interested in purchasing a computer for her small landscaping business. She wants to be able to compose simple fliers and advertising materials, communicate with clients via email, and order supplies online. Which of the following lists best describes the hardware and software components that Anna’s computer should have?
18. When itemizing deductions on a federal tax return, an individual taxpayer may be able to deduct all but which of the following?
19. Refer to the following table:

Cost

Franchise fee

Average gross monthly revenue

Average monthly expenses

Business A

$500,000

5% of gross revenue

$20,000

$15,000

Business B

$440,000

4% of gross revenue

$16,000

$10,000

Business C

$320,000

None

$10,000

$5,000

Business D

$175,000

None

$8,000

$5,000


Sarah has up to $550,000 to invest, and is trying to decide which of four catering businesses she wants to purchase. Which of the options below correctly lists the businesses in order of average monthly profit from largest to smallest when the franchise fee is taken into consideration?
20. In order to present a business plan to a group of potential investors, a businessperson would most likely use which software?
21. If the exchange rate between the Euro (€) and the U.S. dollar ($) is $2.5 to € 1, how many dollars would it take to purchase a plane ticket that costs € 1580.00?
22. Which of the following are not protected by copyright law?
23. Which of the following activities that are conducted by high school student leadership organizations would be the most effective tool for teaching business skills?
24. A human resources manager is likely to be responsible for all but which of the following:
25. A high school student expresses interest in starting her own auto repair business after graduating from high school. She could best prepare for such a career by: