Business Essentials Final Exam

The workforce is made up of:

• all people 16yrs+ who are employed or looking for a job.

• all people 16yrs+ who are employed.

• all people who are looking for a job.

• all people who are employed and all people who do not have a job.

Which is NOT a major human resources goal?

• Identify personnel needs.

• Maintain productive and safe environment.

• Provide training and development.

• Ensuring daily work in completed by all employees.

• Develop plans to compensate employees.

Workplace benefits include all EXCEPT:

• Health Insurance

• Personal Time Off

• Retirement Savings Contribution

• Tax-free wages

Most jobs today require at least a high school education.

• True

• False

List 4 types of workplace compensation:

The term most closely related to diversity is

• affirmative action

• discrimination

• minority

• inclusion

Why do we need diversity in businesses?

Which of the following is NOT good advice for someone preparing for job interview?

• be on time

• dress properly

• take several friends for moral support

• prepare questions to ask during the interview

A four-year college education is required for all jobs after high school.

• True

• False

Explain the difference between supply and demand. How does one affect the other?

(3-4 sentences, with example)