NBE ARTS
What is the interest on a $ 1,000 note for 1 month at an 8% annual interest rate?
$6.67
Which of the following are input devices for a computer? 1-Mouse, 2-Keyboard, 3-Printer, 4-Monitor
1 & 2
When two or more persons enter into a contract with one or more persons, the contract may be: 1-Joint, 2- Collective, 3-Several, 4-Conditional
1 & 3
Requirements for a valid offer must : 1-Include a specific time duration, 2-Include an acceptance, 3-Be definite, 4-Be seriously intended
1, 3 & 4
Examples of vertical market software would be: 1-Microsoft Office, 2-The Funeral Director's Assistant, 3-Microsoft Power Point, 4-Funeral Director's Management System (FDSM 2000).
2 & 4
Under the ADA (Americans with Disabilities Act, when a death is due to HIV (AIDS), the funeral home may: 1-Require a sealed casket, 2-Have a public viewing, 3-Charge more for embalming, 4-Have a private service
2, 4
The accounting expression " 3/15, n/30" means a:
3% discount if paid in 15 days. With full payment due 30 days from date of invoice.
A funeral home shows the following balances: sales =$1,000,000; sales discounts = $100,000 cost of goods sold =$600,000. The gross profit percentage is:
33%
A funeral home has $90,000 of accounts receivable. $50,000 of that is current, $ 10,000 is in the 30 to 60 day column, and $20,000 is in the 60 to 90 day column, and $lO,OOO is over 90 days. What percent of the accounts receivable is past due?
44%
96 megabytes would be roughly equivalent to: A. 96,000 characters B. 96 Million Characters C. 96 billion characters D. 9,600 characters
96 million characters.
A duplicate of an original program or data made as a precaution against loss or damage of the original is called:
A backup
All of the following are examples of electronic databases except which one?
A collection of country-music CD's
The type of ledger that contains all the accounts shown in a trial balance is known as:
A general ledger
The legal obligation of a business to pay a debt is called a(n):
Ability
The steps involved in handling all of the transactions and events completed during an account period, beginning with placing the data in a book of original entry and ending with a postclosing trial balance, are referred to collectively as the:
Accounting cycle
A debit to the purchases account would have a corresponding credit in which of the following accounts?
Accounts payable
The person appointed by a court to oversee the estate is called the:
Administrator
The party who sells a contract for another is called the:
Agent
Compared with a traditional card catalog, which of the following is an advantage of an electronic card catalog?
Allows sophisticated search strategies
Anything of value owned is considered:
An asset
Mr. Smith was engaged by Ms. Johnson to wash all the windows in Ms. Johnson's apartment house. Mr. Smith was to be paid $750, and the job was to be done within 7 days. Ms. Johnson would have no control over the operation. Mr. Smith is:
An independent contractor
A contract to keep an offer open for a specified period of time supported by consideration is called: A. an option B. a Bailment C. a tentative offer D. a unilateral offer
An option
The basic accounting equation is:
Assets = Liabilities + Capital
A legal instrument authorizing payment of insurance funds for funeral expenses to a funeral home is a(n):
Assignment of proceeds
The party who received personal property, but not ownership of the personal property is called the: A. donee B. bailee C. bailor D. agent
Bailee
The difference between the total debits and the total credits in an account is the:
Balance
Which term refers to the speed at which information is telecomputed?
Baud rate
The computer part that performs all the controlling, calculating, and processing functions is the:
CPU
The portion of the computer that controls the functions of the system and is composed of the 3 sub-units called the control unit, arithmetic unit, and memory unit is the:
CPU
The doctrine of stare decisis is concerned with :
Case law
A check that the bank draws on its own funds and is signed by a responsible bank official is called a:
Cashier's check
A draft drawn on a bank and payable on demand is called a:
Check
What is a picture that is saved to a diskette and can be pasted into a document?
Clip art
An electronic device that can accept data, perform instructions on the data, and deliver the results of the processed data is called (a):
Computer
Which of the following terms describes a sale in which the buyer (so long as the buyer is not in default) has a right to possession before payment in full is made ?
Conditional sale
A legal will states that all real and personal property is to be divided equally among all the deceased's children. The funeral director should tell the family to:
Consult an attorney
In Mortuary Law, the term "dead human body" is synonymous with:
Corpse
When a net profit is closed to capital, the capital account is:
Credited
A business or individual to whom a debt is owed is a:
Creditor
If the operator does not assign values in computer operations, the computer automatically can assign:
Default values
The party who is sued in a civil suit is known as the:
Defendant
The process of allocating the cost of plant and equipment to the periods expected to benefit from the use of these assets is called:
Depreciation accounting
Telecomputing involves the transmission of all of the following except which one?
Disks
The terms hard and floppy describes types of:
Disks
The death of a shareholder owning 1 % of a company:
Does not cause a change in the corporation.
The method of removing one's free will in making a decision by threats to do physical harm to the person, his family, or property is known as:
Duress
Which one of the following is the computer equivalent of a FAX?
Form W - 4 is a(n)
Employee's withholding allowance certificate
A written agreement, such as a deed, is delivered to a third person. That person is to deliver it to another person only on performance of a specific action by the person. This type of agreement is known as an:
Escrow
When all the terms of a contract have been fully performed by the contracting parties, the contract is said to be:
Executed
FICA refers to what taxes?
Federal income tax
In law, a relationship of trust is expressed by the term :
Fiduciary
Personal property permanently attached to land is known as a:
Fixture
A plastic disc on which data can be stored magnetically is called a:
Floppy Disk
To erase and prepare a diskette for use in a computer requires the operator to:
Format the diskette
An intentional statement of false facts upon which an injured party relied in decision to enter into a contract, to their detriment is:
Fraud
Bryan has created a 10 - page story but wants to print only the first two pages. Which printer command should he select?
From_______ To _______
Beginning inventory plus purchases for the period yields:
Goods available for sale
For a social studies report, Fred needs to illustrate the products of North Carolina with pictures and comparison graphs. He would most likely use what software programs?
Graphing and clip art
What general term describes the physical equipment of a computer system, such as its video screen, keyboard, and storage devices?
Hardware
Consideration in a contract could be: 1-Personal property, 2-Money, 3-A promise of service, 4-A promise to refrain from doing an illegal act.
1, 2, & 3
Which of the following terms are associated with filing suit in a civil action: 1-Discovery, 2-Process, 3-Petition, 4-answer
1, 2, 3, 4
Common law is best described as:
Customs and practices enforced by the courts
A circuit board that contains most of the electronic components of the system unit is called the:
Mother board
A trial balance of the general ledger accounts taken after the temporary owner's equity accounts have been closed is referred to as:
Postclosing trial balance
The passing of title from seller to buyer for a price is called a:
Sale
The financial statement that shows the financial position of a company on a particular date: A. income statement B. balance sheet C. statement of change in financial position D. trial balance
balance sheet
Which of the following lists the proper order of accounting procedures?
Journal, Ledger, Trial balance, Financial statements
In a state court of original jurisdiction, the chief officer is the:
Judge
The two main classifications of claims against a firm's assets are:
Liabilities and owner's equity
Which of the following accounts normally has a credit balance?
Liability
False statements made in writing for the purpose of injuring the reputation of another constitute is called:
Libel
Which is NOT a characteristic of a general partnership?
Limited liability
Who of the following is primarily liable on a promissory note?
Maker
Which of the following is a part of the CPU of a computer?
Memory Chip
Which of the following is a computer output device:
Monitor/display
The branch of the law which deals with the rules of conduct and actions governing a mortician during his legal relations with the public is called:
Mortuary law
Unauthorized embalming may be viewed by the courts as which type of violation?
Mutilation
If the total of expenses is smaller than the total of revenues, the difference is termed:
Net profit
Gross sales minus sales returns and allowances minus discounts on sales yields:
Net sales
The party who makes an offer is called the:
Offeror
What is the PRIMARY function of word-processing software?
Producing written documents
The process of determining whether the amount of cash, both on hand and in bank, is the same as amount entered in the accounting records is called: A. proving the bank statement B. proving statements of payments C. proving disimbursments D. proving the cash
Proving the cash
A liquidity ratio that measures the ability of a firm to meet its current debt on short notice is called what type of ratio?
Quick asset
Which of the following best describes uploading information? A. sending information to a host computer B. receiving information from a host computer C. storing data on a disk drive D. storing data on the hard drive
Sending information to a host computer
Software programs that allow you to legally copy them, and/or give them away at no cost are known as what software type?
Shareware
Before selecting a computer for use in a funeral home, you should determine the correct:
Software
A business that is owned by one person is classified as a:
Sole proprietorship
An endorsement including the words "without recourse" is what type of endorsement? A. restrictive B. full C. Special D. Qualified
Special
A funeral home determines the amount of supplies used by which of the following methods?
Subtracting the cost of supplies on hand from the balance in the supplies account
A notice of complaint given to a defendant defining the complaint and a time frame for which an answer must be received is a(n) :
Summons
The person who brings an action in court is:
The plaintiff
What is the function of a disk drive?
To read from or write information to a floppy disk
A private or civil wrong where the cause is intentional, or caused by negligence for which there may be action or damages is called a(n):
Tort
A word processor would most likely be used to do which of the following?
Type a biography
Income received in advance is:
Unearned
Any rate of interest above the maximum rate allowable by law is:
Usury
An inebriated (intoxicated) person enters into a contract. The contract is:
Voidable
Money paid for the use of money is called:
Interest
Criminal law is concerned with:
a wrong against the public as a whole
