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100

Which is an advantage of sole proprietorship businesses ?

             a. Owner assumes all of the risk and all of the liability 

             b.     Easier to raise capital with so many investors & owner                       

                 Liability is limited to investment.  

             C. difficult to raise capital 

             d.  Easiest to start & owner has freedom to make all decisions.

 d.  Easiest to start & owner has freedom to make all decisions.

100

The main purpose of an effective performance evaluation is to 

  1. Help companies determine who to fire when times get hard 

  2. Help workers to determine when they should ask for salary increase

  3. Help workers develop their strengths and work on their weaknesses

  4. Help companies to determine what other jobs workers might be good at 

3.Help workers develop their strengths and work on their weaknesses 

100

An example of non verbal communication

  1. Speaking 

  2. Nodding 

  3. Writing 

  4. Emailing 

2. Nodding

100

 What does the O stand for in SWOT?

  1. Objective 

  2. Organization 

  3. Occupation 

  4. Opportunity 

4. Opportunity

100

China exported $689,269 worth of goods and imported $3,456,029 worth of goods. What is the trade surplus or deficit? 

  1. -$2,775,760

  2. - $986,637 

  3. $2,775,760

  4. $4,154,298

1.-$2,775,760

200

A good way you develop additional business-related career sills is to 

  1. Work extra hard at your current job 

  2. Develop close relationships with supervisor 

  3. Network to create contacts

  4. Education classes

4. Education classes

200

 Mary, the human resources manager is looking for a uniform provider, Where is the best to place a recruitment ad ?

   a . local radio station 

   b. A job ad in a local newspaper  

   C. posters around town 

   D. an online uniform site

D. an online uniform site

200

James wanted to send a personalized letter to each of his sales clients. He should use 

  1. Mail merge

  2. Auto ormating 

  3. Design templates 

  4. Auto addressing 

1. Mail merge

200

Bill's tractor supply has a surplus amount of tractors, what should they do with them.

  1. Donate to a local farm

  2. Sell them for a reduced price

  3. Save them for next season 

  4. Discard the tractors 

2.Sell them for a reduced price

200

 Which law establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

  1. Fair labor act

  2. Equal pay act 

  3. Revenue act 

1. Fair labor act

300

What does the S stand for in SWOT  

  1. Stability 

  2. Strengths

  3. Statement 

  4. Safety 

2. Strengths

300

 What does the T stand for in SWOT 

  1. Trust 

  2. Trade 

  3. Threats 

  4. Terms 

3. Threats

300

 _____ are the rules and standards that govern the conduct of a person or group of people.

    a. Moral codes

    b. Ethics

    c. Governing policies

    D. none of the above 

b. Ethics

300

 Which one of these will you receive when you retire 

  1. Disability benefits 

  2. W-2 

  3. Social security benefits 

  4. None of the above 

3. Social security benefits 

300

What is a CFO ?

  1. the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

  2. a senior executive with responsibility for the financial affairs of a corporation or other institution.

  3. a person responsible for controlling or administering all or part of a company or similar organization.

  4.  a middle management position, with the responsibility of overseeing a number of subordinate employees during a certain period of time.

2.a senior executive with responsibility for the financial affairs of a corporation or other institution.

400

A business owned by stockholders that is authorized to act as a legal entity is called a  ________. 

  1. Partnership 

  2. Corporation 

  3. Sole Proprietorship 

  4. Limited liability


2. Corporation

400

The IRS requires you to report wage and salary information on a _____ form 

      a. IRS form 

      b. w-2 form

      C. w-4 form 

      d. Retirement form 

 b. w-2 form

400

You and your coworkers really want to go to a concert coming up but tickets sell out fast so your coworkers ask you to clock them out later while they leave work to get the tickets the appropriate response is too?

  1. Let them leave and clock them out later

  2. Take off work for the day to get tickets

  3. Tell your friends it is unethical and that you will not participate

  4.  Tell your friends to leave but never clock them out

3. Tell your friends it is unethical and that you will not participate

400

Which would be best to show how parts relate to the whole?

    a. pie chart

    b. line chart

    C. bar chart

    d. Gantt chart

a. pie chart

400

What does the w stand for in SWOT 

  1. Weakness 

  2. Work 

  3. Weekly 

  4. Work ethic 

1. Weakness

500

Toyota is planning on releasing an updated version of there car but ford has the same idea but can produce it faster what is this an example of ? 

  1. Strength 

  2.  Weakness 

  3. Opportunity 

  4. Threats 

4. Threats

500

An effective evaluation system allows an employer to state expectations and 

  1. Fire the employee the employer does not like 

  2. Provide feedback

  3. Decrease employee morale 

  4. Increase the probability of lawsuit 

2.Provide feedback

500

A company are trying to sell a 4in1 makeup compact . who would be there target audience 

  1. 10-12 year olds

  2. 13-16 year olds

  3. 17-23 year olds 

  4. Any one above the age of 14 

4. Any one above the age of 14 

500

 The north american free trade agreement (NAFTA) created a free-trade area for 

  1. Mexico, the u.s., and canada 

  2. Mexico and canada

  3. Mexico and panama 

  4. Mexico, guatemala, belize 

1.Mexico, the u.s., and canada

500

 What is a CEO?

  1. a middle management position, with the responsibility of overseeing a number of subordinate employees during a certain period of time.

  2. a person responsible for controlling or administering all or part of a company or similar organization.

  3. a senior executive with responsibility for the financial affairs of a corporation or other institution.

  4. the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

4. the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

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