Laws & Acts
Emily is 4 months pregnant, but she is still feels able to continue working at her job. She gets fired wrongfully terminated, without a definite reason a few weeks later. What act does that violate?
What is Pregnancy Discrimination Act (PDA)?
Amanda wants to start an organization to raise money for cancer research. The company will operate for charitable and public purposes. Which type of corporation is that?
What is Nonprofit Corporation?
Company A is up for multi-million-dollar deal, but they're in competition with Company B. Company A sales increased by 30 percent since last year, but they have lost 10 percent of their customers. Assign the S.W.O.T.
Strength - 30 percent sales increase
Weakness - 10 percent company loss
Opportunity - multi-million-dollar deal
Threat - Company B
At the end of the year, a manager at Burger King called a meeting with all employees to compare the years actual sales with the projected sales from the beginning of the year. What business management function would this be?
What is Controlling?
Olandria is 5 months pregnant, and she just got fired from her job. When she asked for a reason, they gave her a very weak response. She believes she was fired because she is pregnant. What is this an example of?
What is Wrongful Termination?
ABC Corporation needs a new conveyor belts for their assembly lines. The old one is unsteady and wobbly, and it has chipped off edges that could cut workers. The new belt was mandated by which federal agency?
What is Occupational Safety and Health Administration (OSHA)?
Joyce is the owner of a brand new jewelry business. She makes all the jewelry herself, funds the business out of her own pocket, and receives all profits. Which type of business is this?
What is Sole Proprietorship?
Mark is the marketing director at a corporation. He calls a meeting with his market research team to discuss his company’s products, places of distribution, prices, promotions, and people (customers)? What do these 5 P’s represent in marketing?
What is the Marketing Mix?
A construction company is hired to build a new school. Before work begins, the contractor provides a financial guarantee that the project will be completed according to the contract. If the contractor fails to finish the job, the client will be compensated to cover the remaining work. What type of bond ensures that a contractor completes a project as agreed in the contract?
What is a Performance bond?
Austen is manager at a corporation. He is interviewing an applicant, and he asks questions about the person’s public speaking experience, group work history, conflict resolution abilities, and acceptance of feedback. These are all examples of which important skill?
What are Communication Skills?
John is a high schooler looking for a an after-school job. He goes in for an interview, and gets the job. His pay will be $10.15/hour, which is minimum wage in his state. Which act determined that pay?
What is Fair Labor Standards Act (FLSA)?
A customer made an injury claim against McDonald’s because the Fish Filet Sandwich gave them food poisoning. The claim was accepted, but McDonald’s was protected because of which type of insurance?
What is Product Liability Insurance?
A company sells blenders, but one of them breaks and ends up hurting a customer. The customer decides to sue the company, but the business has insurance that helps cover the costs from the injury claim. What type of insurance protects a business if one of its products causes injury to someone?
What is Product Liability Insurance?
Ryan doesn’t like how a manager at his job delegates tasks, and he thinks the leader lets favoritism guide their decisions. He wants to go to the right person to get this issue between him and his manager resolved. Who should he go to?
What is a Personnel Manager?
William is walking his employees through his company’s emergency action plan. He conducts a drill to practice leaving the building safely and orderly. What key component of the emergency action plan is this?
What are Evacuation Procedures?
Jordan receives his paycheck and notices that a portion of his earnings is automatically deducted to fund programs that provide retirement income and healthcare benefits for older adults. His employer also contributes an equal amount to these programs. What is the name of the law that requires both employees and employers to contribute to Social Security and Medicare through payroll taxes?
Federal Insurance Contributions Act (FICA)
A company needs to send fresh seafood from a coastal city to a restaurant across the country as quickly as possible. In another case, they ship large containers of furniture overseas, move packages across states, and even send oil through long underground systems. What are the different ways goods can be transported in business and trade?
What is Place, Boat, Truck, and Pipelines?
A business notices that when the price of a popular drink goes up, fewer people buy it, but when the price goes down, more people start buying it. They use this information to help decide how to price their products in the future. What economic concept explains how changes in price affect how much of a product people buy?
What is Price Elasticity of Demand?
Donald is the head of a management department at a company. This department’s primary goal is to facilitate performance and improve productivity. What type of management is that?
What is Human Resource Management?
Richard is the owner of a small business, and he is making a plan to make sure his services will be restored quickly in case of unexpected disruptions. What kind of plan is this?
What is a Disaster Recovery Plan?
A large retail chain is able to buy the same product from a supplier at a much lower price than a small local store, even though both are purchasing similar quantities. The small store claims this pricing difference is unfair and harms competition. Which act prohibits sellers from charging different prices to buyers of similar goods when it harms competition?
Robinson-Patman Act
Some people start a business to help feed the homeless and support their community. They don’t try to make a profit, and any money they get just goes back into helping people. What type of corporation is made to run for religious, charitable, or public benefit instead of making a profit?
What is a Nonprofit Corporation?
A team at Bibigo foods is having a meeting to go over the previous month’s sales, promotion engagement, consumer behavior annalysis, and customer numbers to make plans for the upcoming month. What is this process called?
What is Market Analysis?
George is a manager at Walmart, and he is making some important plans for the upcoming year. He made a plan to have a monthly fire drill and ensure everyone knows evacuation routes in the store. He also compiled a list of all the employees’ emergency contacts. What are these preparation steps for?
What are Workplace Emergencies?
A company plans to launch a new snack product but first studies how customers make buying decisions, including their preferences, habits, and reactions to packaging and pricing. The goal is to better understand why consumers choose one product over another. What type of market research focuses primarily on analyzing customer preferences, decision-making, and buying behavior?
What is Consumer Behavior Analysis?