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| Section | Weight | Objectives |
|---|---|---|
| Professional Business Education | 10% | - Teaching and Pedagogy
|
| Economics | 10% | - Economic Concepts
|
| Law and International Business | 10% | - Business Law
|
| Marketing and Management | 15% | - Marketing and Management Concepts
|
| Information Technology | 15% | - Technology Applications
|
| Accounting and Finance | 15% | - Accounting Principles
|
| Communication and Career Development | 15% | - Business Communication
|
| Entrepreneurship | 10% | - Entrepreneurship Fundamentals
|
1. Which of the following government practices is most likely to result in a budget surplus?
A) Social welfare programs are expanding.
B) Spending exceeds revenue.
C) Revenue exceeds spending.
D) Revenue and spending are equal.
2. A business teacher shares details about an effective cross-curricular lesson plan with a math colleague who is working on a related subject. Which of the following directions of communication does the situation best represent?
A) Vertical
B) Horizontal
C) Upward
D) Downward
3. Distribution, pricing, and promotion of the product are presented in which section of the business plan?
A) Merchandising
B) Marketing
C) Production
D) Organization
4. Martha sold 1,000 poinsettia plants at $9 each and had 100 remaining in inventory. Joe sold 1,000 poinsettia plants at $8 each and had none remaining in inventory. Which of the following can be inferred from the scenario?
A) Only Joe's price is at equilibrium.
B) Martha's price is below equilibrium.
C) Joe's price and Martha's price are at equilibrium.
D) Joe's price and Martha's price are above equilibrium.
5. Which of the following best illustrates a progressive tax system?
A) Taxpayers pay a flat percentage tax based on the total value of their real estate holdings.
B) All taxpayers pay the same percentage of their income in taxes, with those who have higher incomes paying more in taxes.
C) Taxpayers pay a flat percentage tax on sales, so that those who spend more pay more in taxes.
D) Taxpayers pay taxes based on income brackets, with the percentage of taxes paid on income increasing as the taxpayer moves to a higher bracket.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |
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