Business Quiz 11-14-22

Joan has been manager for Lydia's Dress Shop for five years, but she wants to be her own boss. Joan has experience, cash, and a strong desire for independence. Which type of business ownership is most appropriate for Joan?

• Partnership

• Corporation

• Sole proprietorship

• Franchise

Which of the following is the most appropriate method for supervisors to use when communicating about personal or confidential issues with individual employees?

• Company newsletter

• Face-to-face meeting

• Telephone conference call

• Staff meeting

Manpower Group is one of the 10 largest companies based in Wisconsin. What does it do?

• Energy drinks for men

• Human resource and recruitment consulting

• Labor union assistance

• Assembly line logistics

One way that a business might try to compensate for the limited number of qualified workers is to increase its use of:

• conservation

• specialization

• production

• automation

Which of the following is an example of unethical business behavior:

• Misleading customers

• Identifying target markets

• Persuading others

• Questioning standards

Kohl's lists the regular price of a three-pack of socks as $19.99, but typically sells products at a discount. If Kohl's lists the socks as 40% off, what is its sales price?

• $9.99

• $11.99

• $14.99

• $19.99

Which of the following is an example of a tax liability?

• Interest paid on a mortgage

• Deduction for a charitable contribution

• Amount due on an inheritance

• Value of an exemption

When should you record bank transactions in your check register?

• When checks bounce

• When bank statements are received

• As bank statements are reconciled

• As soon as each check is written

Which of the following is an example of an ownership investment?

• Money market accounts

• Certificates of deposit (CDs)

• Stocks

• Savings accounts

Name this successful Wisconsin businessperson.

• John Menard

• Herb Kohl

• Ken Hendricks

• Roberto Kwiktrip