PBMF TEKS- Fall

If a business is owned by two or more persons who share the risks and rewards of the business, then a, would exist

• Partnership

• corporation

• proprietorship

• non-profit business

Which of the following laws requires one and a half times the regular rate of pay for more than 40 hours worked for qualified employees?

• The Equal Pay Act of 1963

• The Fair Labor Standards Act of 1968

• The Americans With Disabilities Act of 1990

• Title VII of the Civil Rights Act of 1964

Which of the following steps in the ethical decision-making process involves devising an accurate problem definition?

• Selecting the best choice

• Listing all alternatives and consequences

• Defining the problem

• Evaluating your decisions

The quantity of a good or service that consumers are willing and able to buy is?

• Mixed Economy

• Supply

• Demand

• Market Economy

The functions of management are ______, organizing,______ ,implementing and _______.

• hoping, working, delegating

• planning, staffing, delegating

• planning, staffing, controlling

• overseeing, doing, delegating

Interstate commerce is business that occurs where?

• across any states as long as it's within 100miles of the company

• within the state itself

• within the borders of the United States

• anywhere within North America

There are 5 steps in the Ethical Decision-Making Process.

• True

• False

The type of business that has Board of Directors is known as what?

• Proprietorship

• Corporation

• Partnership

• Entrepreneurship

In a command economy, who would control the three economic questions?

• The people

• The govenrment

• Businesses

• Entrepreneurs

Raw materials found in nature are called?

• human resources

• capital resources

• natural resources

• potential resources