Study Strategy
276: There are not many study resources for this exam. I relied HEAVILY on the materials provided by the testing website and I refreshed myself on the basics of Accounting on YouTube. The good news is most of those 40 questions are on the test in different wording. The bad news is, they don't cover everything. So what should you study? THE BASICS! And I mean that literally. As the previous comments stated, this test is simple if you have any business experience at all (which I do).
Testing Strategy
276: Honestly on the day of the test, I was not sure what to expect. However, the first question on the test was so easy I was shocked. And it didn't get much harder. I believe the hardest part of taking this test was not to rush it and read what is written. This test is littered with phrasing to trip you up because thinking of 100 questions for business test is not easy. I had five accounting equations on the entire exam; the rest was knowledge. This is easy to over study! Know your basic accounting: a balance sheet, how to calculate debt ratios from a balance sheet, your basic accounting equation, accounts receivable versus accounts payable, what a promissory note is, what is exchanged on the stock market, etc. Know the basic use of software (when do you use templates, when do you use a database (which one payroll, excel etc)) and understand different types of inventory and when to use them. Know the basics of the Internet: what is a URL, what is LPN, how do encryption keys work, what is a database, what is a user interface, etc. Understand the basics of International Business: when should you get into a market, when should you pull out, how do taxes work on International Business. Know your different types of businesses (sole, partnership, joint venture, corporation) and the advantages and disadvantages. Understand basic editing, cut and paste, insert, PowerPoint. Know your business laws (civil rights, labor), which departments protects businesses, what they protect, what foundations are out there and their purpose. Again, I stress the hardest part is not to rush and read the wording. You do that you can pass the first time like I did! Good luck!