What managerial practice is vital to the growth of your employees, managers and business?

Employee recognition systems are designed to do which of the following?

What is not a goal of most employees within an organization?

What is the process whereby unions negotiate with employers on behalf of the employees?

In the later 20th century, the United States became what sort of an economy?

In order to calculate a company's profit, what must be subtracted from its revenue?

The difference between net profit and gross profit is that net profit takes what into account?

What is the term used to describe what the company needed to spend in order to generate its Net Sales?

Work measurement is the science of determining how much an employee earns per unit produced. True or false?

What is an example of an initial expense?

What is an example of a monthly, recurring expense?

Which type of company only spends money when absolutely necessary?

What is the rate at which the business grows or increases revenue from sales?

What is one perk a sole proprietorship does not have access to?

What is the name of a person who owns part of a corporation?

What kind of corporation can be taxed in the same way as a partnership?

What type of corporation combines the benefits of a partnership and a corporation?

As never before, job seekers use websites like Glassdoor to learn what about a prospective company?

Which of the following describes a trust agent?

You plan to run a recruiting ad for six weeks. The cost of the ad is $37.50 per week. What is your total cost?

You believe you can recruit an experienced assembler for $32/hour who can assemble 8 bicycles per hour. You can also recruit a less experienced assembler for $24/hour who can assemble 4 bicycles per hour. At least in the short term, which assembler is more cost effective?

You are offering a job at a salary of $36,000 per year. Employer taxes (social security, unemployment, etc.) will add 9% to the cost of the employee and benefits will add 25%. What is your total expected annual cost to hire the employee?

Your manufacturing facility in Malaysia has 12,000 employees. Annual turnover (the percentage of employees who leave each year) is 23%. How many new employees do you need to hire each year?

In a survey, 14 of 25 men report being satisfied with their jobs. 22 of 33 women report being satisfied. Which group has a higher percentage of satisfied workers?

You have two employees. Employee A produces 10 handbags per hour while working and takes four 15-minute breaks during an eight hour day. Employee B produces 9 handbags per hour but only takes two 15-minute breaks per eight hour day. Which employee produces more handbags in a day?

Your revenue is $4,523. Your expenses are $3,759. What is your profit?

Last month, you made a profit of $3,186. Your revenue for that month was $42,364. What was your profit as a percentage of revenue. (Round to the nearest percent.)

In 2015, your company had revenue of $78,524. In 2014, revenue was $56,976. What is the growth rate of your company?

Your company has total wages of $321,000. Your revenue is $976,000. You have just read an industry journal that suggests that wages should be approximately 25% of revenue in your industry. According to the journal article, are your wages too high or low?

You have a product that sells for $100, and costs you $60 to make. A customer normally orders 1,000 units, but will order 2,000 if you drop the price 20%. Would you make more or less on the larger order?

You are looking at two rooms in your building. One is 70 ft x 30 ft. The other is 50 ft x 50 ft. Which offers more floor area?

You are planning a manufacturing line with three processes. The processes will run simultaneously with parts moving from one process to the next in an assembly line manner. The cycle time (time to produce one unit) for two processes is three minutes. The cycle time for the other process is five minutes. How many units can the line produce in an hour?

A machine has throughput of 12 pieces an hour. What is the machine's cycle time in minutes? Reminder: Cycle time = ( 1 / throughput) x 60 minutes/hour)

A machine has cycle time of 3 minutes per piece. What is the machine's throughput in pieces per hour? Reminder: Throughput = (1 / cycle time) x 60 minutes/hour)

You have leased production space that is 300 ft x 230 ft. How many square feet do you have?

Your business plan calls for the following monthly cash flows: -$700, -$500,-$300,+$200,+$400 as the business gets going. You start with $5,000 in cash. What is your lowest planned cash balance as you get the business off the ground?

You form a company with two other partners. You put in $5,000, and they each put in $3,000. You all get ownership proportional to the capital you put in. The company makes $20,000 in the first year and distributes profits in proportion to each partners ownership share. How much do you get?

Your company, a sole proprietorship, has assets of $34,583 and liabilities of $55,867. You decide to liquidate the company. Assuming you can sell the assets at their listed value, how much will you be personally liable for?

You may have to pay a penalty if, during the year, you pay less than 90% of the taxes you owe for that year. If you expect to owe $12,567, how much do you need to pay during the year to avoid the penalty?