WorksheetsReview for course
Total questions: 92
Worksheet time: 1hrs 14mins
Name
Class
Date
1.
You are planning of quitting your job because you find in to be non challenging. When you fill out an application for a new job why should you say you quit your old job?
a)
I wanted to seek a more challenging position
b)
I felt that I was wasting my talents
c)
The work was dull and repetitive
d)
The job lacked some challenge
2.
If an employ makes $1000 a week and 1.45 percent is being withheld for Obamacare, what it is the dollar amount being withheld?
a)
$145
b)
$14.5
c)
$1.45
d)
$0.145
3.
Which agency would you call to if you were an American company embattled in a dispute from an International manufacturer?
a)
Better Business Bureau
b)
Occupational Health and Safety Administration
c)
Federal District Court
d)
Federal Trade Commission
4.
When a presenter is delivering a business presentation, she should:
a)
When a presenter is delivering a business presentation, she should
b)
Clearly and confidently
c)
In a monotone
5.
Ergonomics deals with making employee more comfortable in order to get more productivity out of them
a)
True
b)
False
6.
What does CEO stand for
a)
Chief Executive Officer
b)
Chairman Elected Officer
7.
During a business meeting, the discussion notes are recorded in:
a)
Minutes
b)
Agenda
8.
The Security Exchange Commission (SEC) regulates the buying and selling of stocks in the United States
a)
True
b)
False
9.
How can management empower a team for effective results?
a)
Give the team a high status name and meeting location
b)
Have top management select the composition of the teams
c)
Only assign physically strong people
d)
Give the team the information its needs and make sure help the team’s ideas are used to help the organization
10.
The Board of Directors of a company A specific path that an organization will follow over a defined period of time is called
a)
Micro-managing
b)
Strategic planning
c)
Brainstorming
11.
For changes in an organization to be affective there must be
a)
Support from all employees
b)
Management directives
c)
Board member approval
12.
Constructive criticism is intended to encourage improvement.
a)
True
b)
False
13.
One benefit of teamwork is greater work efficiency
a)
True
b)
False
14.
Minimum wage is associated with which of the following:
a)
Fair Labor Standards Act
b)
Hartley Taft Act
c)
Federal Insurance Contribution Act
15.
You work in a Human Resource department. An employee asks you a question about their W-4 form, but you are slight unsure 0f the answer. Where do you send the employee a. b. c.
a)
IRS
b)
OSHA
c)
Give your best opinion
16.
You notice a stack of burning books. Where do you point the fire extinguisher?
a)
At the top of the fire
b)
The middle of the fire
c)
Base of the fire
17.
Incomplete business plans, poor feasibility studies, and inappropriate cash flow projections are examples of
a)
Lack of business knowledge
b)
High employee wages
c)
Lack of business planning
18.
Country X exports $8,000,000 worth of goods, and imports $7,000,000. What is the trade surplus or deficit? a. b. ] c. $1,000,000 d. -1,000,000
a)
$15,000,000
b)
$-15,000,000
c)
$1,000,000
d)
$-1,000,000
19.
The best business software for writing letters and business correspondence is:
a)
Presentation software
b)
Word processing software
c)
Spreadsheet software
d)
Financial software
20.
Participating in available ongoing or continuing education classes is a good way to A. B.
a)
Develop business-related career skills
b)
Research and gather resources Assure a job promotion
21.
When creating a business plan, elements such as the size of the market, the need for the new product, and the nature of the competition should part of a/an A. B. C.
a)
Operations plan
b)
A. Thorough market analysis
c)
Comprehensive capitalization plan
22.
Which of the following is an example of a web browser?
a)
America Online
b)
Google!
c)
Internet Explorer
23.
You want to start a home-based business using the simplest form of business organization. Which of the following types of business organization will you utilize?
a)
Sole proprietorship
b)
General partnership
c)
Corporation
24.
Joey just joined a work team at his company. What is the best way that the other team members can help Joey to participate meaningfully in the team discussions? A.
a)
Instruct Joey not to talk very much during the first meeting he attends, so that he will not do anything to upset the other team members
b)
Tell Joey about “ground rules” the team has developed to guide its meetings and explain what the group has done in its recent meetings
c)
Ask Joey’s supervisor to join them in the next team meeting to advise Joey
25.
In business, the letters CFO stand for
a)
Corporate Fiscal Organization
b)
Chief Financial Officer
26.
The North America Free Trade Agreement (NAFTA) created a free-trade area for
a)
Mexico and Canada
b)
The U.S., Mexico, and Panama
c)
Canada, the U.S., and Mexico
27.
The best way to lift a heavy box is to:
a)
Keep legs straight and use back muscle
b)
Bend at the knees, use leg muscles, straighten back
28.
One recent trend that has made it easier for an entrepreneur to do business in the global marketplace is
a)
A decrease in airline ticket prices
b)
An increase in e-commerce
c)
fewer trade agreements
29.
Which question will most likely get a specific definition to a problem?
a)
Have you ever seen this problem before?
b)
Does this problem happen often?
c)
What other problems have you had in the past?
d)
What was happening when the problem occurred?
30.
Successful implementation of a company’s strategic plan depends
a)
Every employee in the organization
b)
President/CEO and board of directors
c)
Middle management and department head
31.
A business’ code of ethics tells employees what they expect and the rules and towards coworkers and employees.
a)
True
b)
False
32.
In order for a marketing brochure to be successful, it should be designed to grab attention, hold attention, and
a)
Give the companies address
b)
Tell customers next steps to take
c)
List the name of the designer
d)
Describe the company’s history
33.
Simone wants to collects data on number of sales per day for a month in order to compare the avg number of daily sales in the Juice Joint. She wants to be able to sort the data and graph the data. What is the best software for her to use?
a)
Word Processing (Word)
b)
Spreadsheet (Excel)
c)
Presentation (PowerPoint)
d)
Financial ( Quickbooks)
34.
Which sentence is grammatically correct?
a)
The Juice Joint needed to sale the property.
b)
The managers approved the new pricing structure with enthusiasm.
c)
Neither James or Miracle come to work on time.
35.
A sales forecast can:
a)
Determine COGS (costs of goods sold)
b)
Plan for the upcoming holiday sales
c)
Determine past profits
36.
Dejaun purchases the rights to open a Five Guys franchise. This makes him the
a)
Stockholder
b)
Leasee
c)
Franchisor
d)
Franchisee
37.
In a job interview, it is better to share a story of how you were successful or overcame adversity, instead of listing accomplishments
a)
True
b)
False
38.
In order to minimize loss and assure business operations continue even in case of an emergency, companies develop DIASTER RECOVERY PLANS, also known as a. b. c.
a)
Contingency plans
b)
Risk analysis
c)
Risk assessment
39.
Which one of the following options is a way to increase sales?
a)
Reduce workforce to increase profits
b)
Advertise in a wider market
c)
Find a cheaper supplier
40.
The SARBANES-OXLEY Act was created to prevent account fraud and corruption in order to protect employees and stockholders.
a)
True
b)
False
41.
What is the first step one should take when coming upon the scene of a workplace accident?
a)
Treat victim for shock
b)
Administer CPR
c)
Evaluate the site for safety
d)
Check the victim for responsiveness
42.
An effective mentor is a person who
a)
Is an executive at a company
b)
Makes a lot of money
c)
Shares mastery of skills and experience
43.
Which document belongs in an employee’s personnel file?
a)
Performance appraisals/employee Evaluation
b)
Benefits
c)
Request for verification of employment
44.
Creating an EMPOWERED environment gives employees the authority to make decisions and takes action?
a)
True
b)
False
45.
Which is part of ergonomics?
a)
Slippery when wet sign
b)
Position of employees chair
c)
Two ply toilet tissue
46.
Which legal form of ownership is considered to be an artificial entity, separate from its owners?
a)
Sole proprietorship
b)
Corporation
c)
Partnership
47.
Government regulations are usually designed
a)
To create government jobs
b)
To make money
c)
To save money
d)
To protect consumers from harmful products or unjust act
48.
Two types of partnerships are
a)
Corporate and cooperative
b)
General and limited
c)
Contractual and hypothetical
d)
Fiduciary and fiscal
49.
If the Juice Joint wanted to send an electronic birthday card to every customer, we should use a ______________ to maintain an electronic record.
a)
Card catalog
b)
Tickler file
c)
Calendar
d)
Database
50.
To be a good leader, one needs the ability to recognize the strengths in others.
a)
true
b)
false
51.
Supply and Demand are aspects of a
a)
Market economy
b)
Command economy
c)
Socialism
52.
Ending a meeting on time even if all agenda items are not covered is proper business etiquette.
a)
T
b)
F
53.
One major difference of a strategic and tactical plan is that a tactical plan is
a)
Targeted to middle management
b)
Shorter term and more narrowly defined
c)
Targeted towards executive management
d)
Longer term and broadly defined
54.
Cases of discrimination at work should be handled by the
a)
Better Business Bureau
b)
OSHA
c)
IRS
d)
Equal Employment Opportunity Commission
55.
Prepare a written _________ to standardize the process of performing certain work functions.
a)
Performance plan
b)
Procedure
c)
Progress report
d)
Agenda
56.
Finding out what consumer want, how much they are willing to pay, and how to sell it to them is the essence.
a)
Accounting
b)
Selling
c)
Marketing
d)
Finance
57.
The difference between a manager and a leader is that a leader manages staff by example/being a role model, while a traditional manager concentrates on telling people what, how, and when to do tasks.
a)
T
b)
F
58.
Rent is included as a
a)
Overhead expense
b)
Variable expense
c)
Sunk cost
59.
Failure to comply with the terms of a contract is considered a
a)
Infringement
b)
Breach
c)
Illegal
d)
Unethical
60.
When brainstorming, the group should write down every idea, no matter how crazy.
a)
T
b)
F
61.
Proper business meeting agendas should include list of attendees?
a)
T
b)
F
62.
A new retail business should never be located in a downtown area.
a)
True
b)
False
63.
Neighborhood shopping centers are typically anchored by a bank.
a)
True
b)
False
64.
If convenience is a factor for your target market, locating at a super-regional shopping center is a poor choice.
a)
True
b)
False
65.
Operating an online business can help with the cash flow problems often experienced by many startup firms.
a)
True
b)
False
66.
It is a good, money-saving idea to use free web space when setting up an online business.
a)
True
b)
False
67.
Because it is the most economical, fluorescent lighting is the best lighting choice for a retail business.
a)
T
b)
F
68.
Owning property offers a bigger tax advantage than leasing.
a)
True
b)
False
69.
The lessee is the person who owns and rents out buildings or space.
a)
True
b)
False
70.
The percentage lease is most common for prime retail locations.
a)
True
b)
False
71.
Minority Enterprise Small Business Investment Companies are special kinds of organizations that lend money to small businesses owned by members of ethnic minorities.
a)
True
b)
False
72.
Because it is the most economical, fluorescent lighting is the best lighting choice for a retail business.
a)
T
b)
F
73.
The layout of a retail store should leave at least four feet of aisle space to make it easy for customers to move around in the store.
a)
True
b)
False
74.
The layout of a wholesale business needs only to be efficient and well organized.
a)
True
b)
False
75.
Before you purchase supplies for your business, contact several vendors and ask them to quote you a price.
a)
True
b)
False
76.
Which of the following types of shopping centers is the smallest?
a)
community shopping center
b)
neighborhood shopping center
c)
super-regional shopping
center
d)
regional shopping center
77.
Which of the following is LEAST likely to be an anchor store at a community shopping center?
a)
large supermarket
b)
home improvement store
c)
discount department store
d)
large department store
78.
Stand-alone stores
a)
Stand-alone stores
b)
false
79.
After a business owner leases or purchases a facility, he or she needs to design the layout, or
a)
floor plan
b)
enterprise zone
c)
trade area
d)
shop floor
80.
Itemizing your startup costs is an important part of determining how much money you need to start your business.
a)
T
b)
F
81.
The higher percentage of your own money that you have invested in your business, the easier it will be for you to get others to invest.
a)
t
b)
f
82.
A commercial bank loan is an example of equity capital.
a)
True
b)
False
83.
Banks are usually very willing to provide inventory financing.
a)
True
b)
False
84.
Unsecured loans are made only to the bank’s most creditworthy customers.
a)
True
b)
False
85.
The economic slowdown of 2008 caused many American businesses to experience unexpected positive cash flows.
a)
True
b)
False
86.
Businesses that earn profits must deposit income taxes on their profits every month into a special bank account that belongs to the government.
a)
True
b)
False
87.
Things you owe are referred to as your
a)
liabilities
b)
assets
c)
equity
d)
net worth
88.
Loans that are backed by collateral are called
a)
secured loans
b)
unsecured loans
c)
business loans
d)
short-term loans
89.
Which of the following financial statements best shows how much money you have available to pay your bills?
a)
balance sheet
b)
income statement
c)
cash flow statement
d)
pro forma financial
statement
90.
The dollar value of the goods or services a business sells to customers is called
a)
revenue
b)
gross profit
c)
operating expenses
d)
net income before taxes
91.
Which of the following is an example of a current asset?
a)
a warehouse
b)
a mortgage
c)
an accounts payable
d)
inventory
92.
A list of people who receive salary or wage payments from a business is called a(n)
a)
pension
b)
account
c)
aging table
d)
payroll
100 %
