BMF I Unit 3 CPAS Review

Jake and Finn are brainstorming potential solutions to a problem. According to the rational decision-making model, what is occurring?

• summarizing the problem

• developing a list of alternatives

• choosing the alternatives

• analyzing the alternatives

Jake has decided a change is needed in tracking the inventory at her store and decides to utilize the rational decision-making model as a tool to make these changes. Julie's first step is to _____.

• summarize the alternatives

• identify alternatives

• define the problem

• identify source of the problem

What is the acronym for the Rational Decision Making Model?

• PASSED

• PROBLEMS

• PACED

• PAGOMN

What step is "Identify your values" (P.A.C.E.D)?

• Step 1

• Step 3

• Step 2

• Step 4

By what date must employers provide, or place in the mail, a wage earner's W-2 statement?

• January 1

• January 31

• April 1

• April 15

an individual's income earned as salary or wages before taxes and other deductions

• gross income
• gross loss
• net income
• net loss

When you are paid based on the hours/work completed.

• Wages

• Salary

When you are paid a fixed amount regardless on hours/work completed

• Wages

• Salary

Money earned before deductions

• Net Pay

• Gross Pay

• Net Tax

• Gross Tax

Take home pay

• Net Pay

• Gross Pay

• Net Tax

• Gross Tax