PBMF Fall TEKS Test Review

Something a person desires but can survive without is a(n)

• Need

• Want

• Resource

• Labor

Something a person must have in order to survive is a(n)

• Need

• Want

• Resource

• Labor

A physical item that can be touched is a(n)

• Service

• Need

• Want

• Good

An action or task that is performed, usually for a fee is a(n)

• Service

• Need

• Want

• Good

Employees that work for a business are

• Human Resources

• Natural Resources

• Service Resources

• Goods Resources

Raw materials found in nature are

• Human Resources

• Natural Resources

• Service Resources

• Goods Resources

When 2 or more persons co-own a business

• Corporation

• Sole Proprietorship

• Partnership

A law that requires one and a half times the regular rate of pay for more than 40 hours of work for qualified employees.

• Title IX

• Clean Air Act

• Worker Adjustment and Retraining Notification Act - WARN

• Fair Labor Standards Act

The steps in the decision making process are: 1. Define the problem, 2. Research alternatives, 3. Choose the best alternative, 4. Implement the decision, 5. Evaluate the decision

• True

• False

In the decision making process model, which step involves devising an accurate problem definition?

• Define the problem

• Research alternatives

• Choose the best alternative

• Implement the decision

• Evaluate the decision