Business Management Quiz

An individual who aspires to start and run a successful business is referred to a(n):

• CEO

• Employer

• Entrepreneur

• Employee

A form of protection individuals can implement to protect their intellectual property such: print, music, film, and various other forms of creative licenses is referred to as:

• Copyright

• Patent

• Franchise

• Confidentiality Agreement

An Employee is an individual hired by a company and compensated for their work.

• Employee

• Employer

• student

• teacher

A financial statement that details a business's revenue and expenses for a given period is a:

• Cash Flow Statement

• Business Plan

• Income Statement

• Balance Sheet

Financial statements are.....

• a picture of financial health for an entire year.

• balance sheets.

• income statements.

• a picture of financial health for a given period of time at a given point of time.

A financial statement that shows projected income and expenses for a given period of time is a(n):

• Balance Sheet

• Cash Flow Statement

• Income Statement

• Budget

What are the three mandatory taxes withdrawn from your paycheck?

• Social Security, Medicaid, Federal Income Taxes

• Social Security, Medicare, Federal Income Taxes

• Social Security, Medicare, School Income Taxes

• Social Media, Medicare, Federal Income Taxes

What form is used to tell the employer the amount of tax to withhold from an employee's paycheck based on their marital status, number of allowances and dependents, and other factors?

• W2

• W24

• W42

• W4

Who is responsible for the information on your annual income tax preparation?

• Your teacher.

• You.

• Your parents.

• Your tax preparer.

Which of the following terms is a legal method used to protect an invention for a limited time?

• Copyright

• Patent

• Prototype

• Sales Channel