Final Exam Review Activity

Cut along margins to prepare individual task cards.

Final Exam Review • Set C Cards 9-12 • Human Resources & Business Orgs

09

HR: Resumes

The 6-Second Glance

Studies show employers spend an average of 6 seconds scanning a resume. What key pieces of information should an employer be able to quickly determine about you during this extremely brief 6-second glance?

Record on Response Sheet under CARD 09

10

HR: References

Strong References

List three strong professional or personal references (roles/relationships, not specific names or family members) that are highly appropriate to include on a job application.

Record on Response Sheet under CARD 10

11

Ownership Types

Sole Proprietorship

What is the absolute primary advantage of organizing a business structure as a Sole Proprietorship over partnerships or corporations?

Record on Response Sheet under CARD 11

12

Corporations

Corporation Perks

Identify 3 specific advantages that organizing a business as a Corporation has over other business structures.

Record on Response Sheet under CARD 12

Cut along margins to prepare individual task cards.

Final Exam Review • Set D Cards 13-16 • Corporate Structure & Financials

13

LLC & Franchising

Alternative Ownership Structures

A) How can a business owner remain a sole proprietor but limit their personal liability?

B) When a business owner signs on as a franchisee, what do they pay, and what do they get in exchange?

Record on Response Sheet under CARD 13

14

Financial statements

Balance Sheets & Profits

A) What is the core difference between an asset and a liability?

B) What is the core equation of a Balance Sheet, and how is an Income Statement used by corporate accountants?

Record on Response Sheet under CARD 14

15

Debt & Loans

Loan Vocabulary

Imagine a friend borrows $7,500 to buy a car, agreeing to pay the loan back in 5 years.

• A) What is the principal of this loan?
• B) What is the term of this loan?

Record on Response Sheet under CARD 15

16

Net Worth Lab

Personal Assets vs. Liabilities

Classify and calculate the Total Assets, Total Liabilities, and Net Worth for this individual:

• Cash: $500

• Credit Card Debt: $500

• Car Value: $7,500

• Car Loan: $2,500

• Savings: $3,000

• Student Loan: $24,000

Record on Response Sheet under CARD 16

Cut along margins to prepare individual task cards.

Card 01 (Suite Showdown):

• A) Microsoft Office/Windows is more common in business.
• B) Google saves automatically; Microsoft requires manual/OneDrive.

Card 02 (App Selection):

• Balance Sheet: Excel / Google Sheets
• Resume: Word / Google Docs
• Presentation: PowerPoint / Google Slides

Card 03 (Excel Grid):

• A) Columns: Letters | Rows: Numbers
• B) Formulas must start with Equal Sign (=).

Card 04 (Excel Operations): Add: + | Sub: - | Mult: * | Div: /

Card 05 (Excel Ranges):

• A) Colon (:) separates cell ranges.
• B) Formula: =MAX(A1:B4)

Card 06 (Character Styles):

• Superscript: Text slightly above main line.
• Subscript: Text slightly below main line.
• Strikethrough: Line through the middle.

Card 07 (Touch Keyboarding): Ring: S, W, X, L, O | Index: F, J, R, U, V, M | Pinkie: A, Q, Z, P, ;

Card 08 (Presentations): A) Transition | B) Animation

Card 09 (Resume Writing): Keep to 1 page, name prominent at top, use active verbs, proofread.

Card 10 (Job Interviews): Arrive 10–15m early; maintain eye contact (nonverbal); no family references.

HR, Orgs & Financials

Card 11 (Sole Prop vs. Partnership): Proprietor keeps 100% of profit but has unlimited liability. Partnerships split responsibilities, profits, and liabilities.

Card 12 (Corporations): Advantages: Access to massive capital via stocks, limited liability, easy expansion.

Card 13 (LLC & Franchise):

• A) Form an LLC (Limited Liability Company).
• B) Pay fees/royalties in exchange for exclusive rights.

Card 14 (Risk & Capital): A) Greatest risk: Sole Proprietor. B) Easiest capital: Corporation.

Card 15 (Financial Statements):

• Balance Sheet: Owes/Owns (Assets = Liabilities + Owner's Equity).
• Income Statement: Calculates profit/loss (Net Income).

Card 16 (Net Worth Lab):

• Total Assets: $500 + $7,500 + $3,000 = $11,000
• Total Liabilities: $500 + $2,500 + $24,000 = $27,000
• Net Worth = Assets - Liabilities = -$16,000

Card 17 (Sticker Income Statement):

• 1. Gross Profit = $2,500 - $250 = $2,250
• 2. Total Operating Expenses = $100 + $250 + $150 = $500
• 3. Net Profit = $2,250 - $500 = $1,750

Card 18 (Stock Basics):

• A) Share represents partial ownership of a corporation.
• B) Earn money by buying low and selling high.

Card 19 (Exchanges & IPO):

• A) Dividend: profit distributed to shareholders.
• B) IPO: Initial Public Offering (goes public to raise large capital).
• C) Exchange: NYSE is the oldest and largest.

Card 20 (Debt & Trade Math):

• Debt Capital: Borrowed money. Principal = base loan amount. Term = duration.
• Eli Lilly Math: 10 x $298.85 = $2988.50 cost. 10 x $442.38 = $4423.80 revenue. Net Profit = $1,435.30.

Boardroom Blitz Exam Prep • Teacher Resource Manual Page 2 of 2

Card 01 (Suite Showdown):

• Microsoft Office/Windows is more common in the corporate world.

Card 02 (App Selection):

• 1. Balance Sheet: Excel / Sheets
• 2. Resume: Word / Docs
• 3. Presentation: PowerPoint / Slides

Card 03 (Formula Symbol):

• Formulas must start with an Equal Sign (=).

Card 04 (Excel Operations): Addition: + | Subtraction: - | Multiplication: * | Division: /

Card 05 (Excel Ranges):

• Formula: =MAX(A1:B4)

Card 06 (Character Style Examples):

• Superscript: x² or H²
• Subscript: H₂O or CO₂
• Strikethrough: deleted

Card 07 (Touch Keyboarding): Right Index Finger

Card 08 (Presentations): Motion effects added to slide elements are called Animations.

Card 09 (6-Second Resume Scan): Your name/contact info, current title/role, education, and overall formatting/visual hierarchy.

Card 10 (Job References): Strong examples: Former bosses, teachers/instructors, internship advisors, athletic coaches, or co-workers. (No grandmothers or friends).

Orgs, Finance & Wealth

Card 11 (Sole Proprietorship): The owner gets to keep 100% of the profits and maintains absolute decision-making power.

Card 12 (Corporations): Advantages: Limited liability for owners, ease of raising capital through stock sales, easy expansion, and unlimited operational life.

Card 13 (LLC & Franchise):

• A) File the business structure as an LLC.
• B) Franchisee pays initial fees and ongoing royalties in exchange for exclusive rights to sell products/services.

Card 14 (Statements & Wealth):

• A) Asset: anything of value you own. Liability: anything of value you owe.
• B) Balance Sheet Equation: Assets = Liabilities + Equity. Income statement tracks revenue vs expenses to find Net Income/Loss.

Card 15 (Loan Vocabulary):

• A) Principal: the base amount of money borrowed ($7,500).
• B) Term: the duration/length of the loan (5 years).

Card 16 (Net Worth Sorting):

• Assets sorted: Cash ($500), Car ($7,500), Savings ($3,000) = $11,000
• Liabilities sorted: Credit Card ($500), Car Loan ($2,500), Student Loan ($24,000) = $27,000
• Net Worth: $11,000 - $27,000 = -$16,000

Final Exam Review • Teacher Resource Manual Page 2 of 2