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Fall 2024

Intro to Business Study Guide

1. What application would be best for analyzing data?

2. What is presentation software? How would you use presentation software?

3. What makes a good password? Is it ok to share your password?

4. What is a possible sign you have malware on your computer?

5. What is a digital footprint?

6. How do you know if information you find online is accurate?

7. If something is copyrighted, how can it be used?

8. What is a need? What is a want?

9. What is opportunity cost?

10. What is income? What is an example of income?

11. What are typical household expenses?

12. What is a budget?

13. What is gross pay?

14. What is net pay?

15. What is take-home pay?

16. What is a savings account?

17. What is a checking account?

18. Why should you reconcile your bank account to your bank statement?

19. What is the FDIC? NCUA?

20. What is Interest? What is the formula for simple interest?

21. When it comes to your checking account, what is a deposit? What is a withdrawal?

Review the Power Point application and HOME ribbon

22. KNOW:

A. How do you use a picture as a slide background?

B. What are some basic shapes you can use?

C. How do you save your presentation?

D. What are the features of word art?

E. What are some animation effects that you can apply to pictures?

F. How do you delete a slide you don't need?

3 answers

Here is a study guide for your Intro to Business course, covering a variety of topics ranging from tech applications to basic economic concepts:

Study Guide for Intro to Business

  1. What application would be best for analyzing data?

    • Applications like Microsoft Excel, Google Sheets, or statistical software such as SPSS or R are ideal for analyzing data.

  2. What is presentation software? How would you use presentation software?

    • Presentation software allows users to create slide-based presentations. You can use it to visually convey information, enhance engagement, and support your verbal communication in meetings, conferences, or classrooms.

  3. What makes a good password? Is it ok to share your password?

    • A good password is typically at least 12 characters long, includes a mix of uppercase letters, lowercase letters, numbers, and special characters. It is not ok to share your password, as it compromises security.

  4. What is a possible sign you have malware on your computer?

    • Signs include unexpected pop-ups, slow performance, frequent crashes, or new toolbars or icons appearing without your consent.

  5. What is a digital footprint?

    • A digital footprint is the trail of data you leave online through your interactions, including social media, browsing history, and online purchases.

  6. How do you know if information you find online is accurate?

    • Check the credibility of the source, look for citations, cross-reference with other reliable sources, and assess the author's qualifications.

  7. If something is copyrighted, how can it be used?

    • Copyrighted material can be used with permission from the copyright holder, for educational purposes under fair use, or in a transformative manner.

  8. What is a need? What is a want?

    • A need is a basic requirement for survival (like food, water, shelter), while a want is a desire for something not essential for survival (like luxury items).

  9. What is opportunity cost?

    • Opportunity cost is the value of the next best alternative that is forgone when making a decision.

  10. What is income? What is an example of income?

    • Income is money received for work, goods, or services. Examples include salaries, wages, rents, or interest earned.

  11. What are typical household expenses?

    • Typical household expenses include rent or mortgage payments, utilities, groceries, insurance, and transportation costs.

  12. What is a budget?

    • A budget is a financial plan that outlines expected income and expenditures over a specific period to manage financial resources effectively.

  13. What is gross pay?

    • Gross pay is the total amount earned by an employee before deductions such as taxes and benefits.

  14. What is net pay?

    • Net pay is the amount an employee takes home after deductions are processed from the gross pay.

  15. What is take-home pay?

    • Take-home pay is synonymous with net pay and represents the amount of income an employee receives after all deductions.

  16. What is a savings account?

    • A savings account is a bank account that earns interest on deposits and is used for saving money.

  17. What is a checking account?

    • A checking account is a bank account that allows for deposits and withdrawals, typically used for daily transactions.

  18. Why should you reconcile your bank account to your bank statement?

    • Reconciling ensures accuracy in your financial records and helps detect any discrepancies or unauthorized transactions.

  19. What is the FDIC? NCUA?

    • The FDIC (Federal Deposit Insurance Corporation) insures deposits at U.S. banks, while the NCUA (National Credit Union Administration) does the same for credit unions.

  20. What is Interest? What is the formula for simple interest?

    • Interest is the cost of borrowing money or the return on investment for saving. The formula for simple interest is:
      \[ \text{Simple Interest} = P \times r \times t \]
      where P = principal amount, r = interest rate, and t = time in years.

  21. When it comes to your checking account, what is a deposit? What is a withdrawal?

    • A deposit is money added to your checking account, while a withdrawal is money taken from your account.

PowerPoint Application and HOME Ribbon

  1. Know: A. How do you use a picture as a slide background?
  • Right-click on the slide, select "Format Background", choose "Picture or texture fill", and then select your picture.

B. What are some basic shapes you can use?

  • Basic shapes include rectangles, circles, triangles, lines, arrows, and stars.

C. How do you save your presentation?

  • Click on "File," then "Save As," choose the location, enter a presentation name, and click "Save."

D. What are the features of Word Art?

  • Word Art features include text effects like shadows, outlines, colors, and shapes that can enhance the visual appeal of text.

E. What are some animation effects that you can apply to pictures?

  • Animation effects can include fade, wipe, zoom, and flying in from various directions.

F. How do you delete a slide you don't need?

  • Right-click on the slide in the slide pane and select "Delete Slide," or select the slide and press the Delete key on your keyboard.

Make sure to review each topic thoroughly for a well-rounded understanding. Good luck with your studies!

Can you make it seem like a 9th grader wrote it?

Sure! Here’s a simplified version of the study guide that sounds more like it was written by a 9th grader:

Intro to Business Study Guide

  1. What app is best for analyzing data?

    • Apps like Microsoft Excel or Google Sheets are great for looking at and understanding data.

  2. What is presentation software? How do you use it?

    • Presentation software helps you create slideshows. You use it to share info in a fun way during class or meetings.

  3. What makes a good password? Is it okay to share it?

    • A good password is at least 12 characters and mixes letters, numbers, and symbols. You should never share your password because it can put your stuff at risk.

  4. How can you tell if you have malware on your computer?

    • If your computer is running really slow, has weird pop-ups, or crashes a lot, you might have malware.

  5. What is a digital footprint?

    • A digital footprint is all the stuff you leave online, like social media posts and website visits.

  6. How do you know if online information is accurate?

    • To check if info is accurate, look for trustworthy sources, see if it has references, and compare it to other reliable websites.

  7. If something is copyrighted, how can you use it?

    • If it's copyrighted, you need to get permission to use it, or use it for something like education under 'fair use' rules.

  8. What is a need? What is a want?

    • A need is something essential for survival, like food or shelter. A want is something nice to have, like a new phone.

  9. What is opportunity cost?

    • Opportunity cost is what you give up when you choose one thing over another.

  10. What is income? Give an example.

  • Income is the money you earn. An example is your allowance or a part-time job salary.
  1. What are typical household expenses?
  • Typical expenses include rent, utility bills (like water and electricity), groceries, and phone bills.
  1. What is a budget?
  • A budget is a plan for how to spend your money, tracking what you earn and what you spend.
  1. What is gross pay?
  • Gross pay is the total amount of money you earn before any taxes or deductions are taken out.
  1. What is net pay?
  • Net pay is what you actually take home after taxes and other deductions are taken out of your gross pay.
  1. What is take-home pay?
  • Take-home pay is the same as net pay—it’s the money you actually get after deductions.
  1. What is a savings account?
  • A savings account is a bank account where you can put money to save and earn a little interest.
  1. What is a checking account?
  • A checking account is where you keep money for everyday spending. You can write checks or use a debit card with it.
  1. Why should you check your bank statement against your account?
  • You should do this to make sure everything adds up correctly and to spot any mistakes or problems.
  1. What are the FDIC and NCUA?
  • The FDIC (Federal Deposit Insurance Corporation) protects your money in banks, and the NCUA (National Credit Union Administration) does the same for credit unions.
  1. What is interest? What’s the formula for simple interest?
  • Interest is the money you earn from saving or the cost of borrowing. The formula for simple interest is:
    \[ \text{Simple Interest} = P \times r \times t \]
    where P is the money you start with, r is the interest rate, and t is time in years.
  1. What are deposits and withdrawals in checking accounts?
  • A deposit is when you put money into your checking account. A withdrawal is when you take money out.

PowerPoint Application and HOME Ribbon

  1. Know: A. How do you set a picture as a background?
  • Right-click on the slide, select "Format Background," then choose "Picture or texture fill," and pick your picture.

B. What are some basic shapes you can use?

  • Some basic shapes are circles, squares, triangles, and arrows.

C. How do you save your presentation?

  • Click "File," then "Save As," choose where to save it, type a name, and hit "Save."

D. What are the features of Word Art?

  • Word Art lets you create cool text effects like shadows, outlines, and colors to make your text stand out.

E. What are some animation effects for pictures?

  • You can make pictures fade in, zoom, or fly in from different directions.

F. How do you delete an unnecessary slide?

  • Right-click on the slide you don’t need and choose "Delete Slide," or just select it and press the Delete key.

Make sure you go over these topics so you feel ready for your class! Good luck!

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