Personal Finance
Business Law
Supply Chain Mangement
Introduction to FBLA
100

The IRS is

What is a tax collecting agency. 

100

A Corporation is

What is an entity with a legal authority to act as a single person distinct from its owners. 

100

A supply chain is

What is the flow of goods and service from raw materials to final consumers through transportation and storage.

100

The FBLA National center is located in

what is Reston Virginia.

200

The Four types of Economic systems

What is traditional, market, command, and mixed? 

200

Equal pay rule is

A standard that states employers working in interstate commerce must pay women the same rate as men holding the same type of job.

200

Outsourcing is 

What is to obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.

200

The location where the first FBLA local chapter was organized.

What is Johnson City, TN

300

Disposable Income is

What is income available for you to use at your discretion after deducting taxes. 

300

A Bill of Sale is

What is Formal evidence of ownership

300

A wholesaler is

What is a person or business that purchase goods in large quantities from manufacturers.

300

FBLA week is held during this month.

What is February.
400

Income tax is

What is taxes on a person’s yearly income.

400

Capacity (in relation to a Contract) is

what is the legal ability to enter into a contarct

400

At this stage of a products life cycle cost minimization is an appropriate strategy.

What is Decline. 

400

The three categories of competitive events are.

What is Individual, Team, and Chapter.

500

A Class Action lawsuit is

What is where a group of people with the same or similar injuries caused by the same product or action sue the defendant as a group.

500

The Equal Credit Opportunity Act is

What is a law that makes it illegal for banks and business to discriminate against credit applicants on the basis of their gender, race, marital status, national origin, religion, age or because they get assistance income.

500

The function of Raw materials suppliers is to

What is, get materials from ground, minerals and oil and send to component manufacturers

500

The founder of FBLA is.

Who is Dr. Hamden L. Forkner

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