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WorksheetsBusiness TEKS Review
Total questions: 50
Worksheet time: 25mins
According to the segment, how are businesses classified?
Number of employees
Work activities the business performs
Age of the company
Profit level of the business
Which of the following is NOT an example of a processor?
Cotton mill
Automobile factory
Oil refinery
Textile mill
Which of the following is an example of a service firm?
Cotton mill
Juice factory
Mine
Landscape company
Which of the following is NOT a business department mentioned in the segment?
Human resources
Finance
Marketing
External relations
Which type of business produces processed goods by changing raw goods into a more finished form?
Intermediaries
Service firms
Processors
Producers
Which of the following is an example of a non-profit organization?
Beauty salon
Salvation Army
ITT Technical Institute
Amazon
The employment process is carried out by which department?
Marketing
Distribution
Management
Human resources
Intrinsic motivation occurs internally and includes enjoyment and accomplishment.
True
False
Group training gives employees hands-on practice with supervision.
True
False
Which of the following is NOT one of the modes of transportation distribution typically uses?
Cable
Railroads
Trucks
Waterways
A system used to record, classify, summarize and report the financial position of a business is known as which of the following?
Management
Distribution
Accounting
Human resources
Which of the following is the goal of the finance department?
Setting prices high enough to make profit but low enough to attract customers
Motivating employees and focusing on cooperation within the business
Producing goods in the most efficient and cost-effective manner
Determining the use of company resources and funds
Which of the following is NOT an example of an organization?
An international corporation
A private school
A group of friends
A community non-profit affiliation
Which of the following is an example of an operative employee?
Regional manager
Head coach
Chairman of the board
Assembly line worker
Which of the following is an example of a middle manager?
Teller at a bank
Director of marketing
Chief executive officer
Salesperson in a retail store
Which of the following is the correct order of organizational levels?
Operative employees, supervisors, middle managers, top management
Operative employees, middle managers, supervisors, top management
Middle managers, operative employees, supervisors, top management
Middle managers, supervisors, operative employees, top management
A(n) ____________ is a systematic grouping of individuals which has been brought together to accomplish a goal.
Informal structure
Organization
Concord
Affiliation
Which of the following is NOT one of the four basic organizational levels?
Supervisors
Middle managers
Top management
Lower managers
__________ is the grouping of individuals into departments. A. B. C. D.
Departmentalization
Centralization
Decentralization
Central Mentalization
On average, how many people get hired in 2020?
80 Million
60 Million
70 Million
40 Million
What was the lowest paid position that earned $21,000 per year?
Food Prep & Servers
Retail Staff
File Clerks
Drive Thru window operators
How do you calculate an annual salary if you have the hourly wage?
Hourly Rate x 8 x 365
Hourly Rate x 8 x 4.3 x 12
Hourly Rate x 40 x 52
Hourly Rate x 40 x 50
If an employee makes $14.75 per hour, what would be their annual salary if they were full time.
$30,680
$43,070
$42,000
$30,490.40
If an employee made $21,000 per year, what would their hourly rate?
$10.00
$10.10
$10.13
$10.39
What % of the labor force works for a small business?
45%
26%
19%
55%
If an employer makes a mistake and hires a DUD. What does it cost them on average?
Nothing
$4000
$6850
$2000
How many steps does an employer go through in the hiring process?
5
3
7
9
The willingness and ability of consumers to buy goods and services.
Supply
Credit
Greed
Demand
Money received from an outside source to help pay for education.
Gifts
Financial Aid
Savings Account
Investments
Money given to pay for educational expenses that does not have to be repaid.
Unsubsidized Loan
Subsidized Loan
Grant
Scholarship
A set of moral values that people consider acceptable; the study of what is right versus wrong.
Up Bringing
Manners
Ethics
Laws
An employment agency that provides part-time and full-time jobs on a temporary basis.
Employment Agency
Job Scout
Network
Temp Agency
Spending time observing a worker in a type of job that interests you.
On the Job Training
Follow the Leader
Job Shadowing
Job Interview
A form that asks basic questions about the applicant’s background, such as work history, education, skills, and references.
Job Application
Resume
Cover Letter
W-4 Form
A summary of your work experience, education, skills, interests, and other qualifications (your skill set) that qualify you for a job opening.
Job Application
Resume
Cover Letter
W-2 Form
A letter that accompanies a resume, introducing the applicant to a prospective employer.
Resume
Job Application
Cover Letter
I-9 Form
A face-to-face meeting with a potential employer to discuss a job opening.
Job Interview
Training Meeting
Does Not Really Happen
Follow Up
Contact with a prospective employer after the interview but before hiring.
Job Interview
Follow Up
Resume
No one does this.
If an employee makes $26.75 per hour, what would be their annual salary if they were full time.
$55,640
$55,650
$55,000
$49,873.25
A person who takes the risks of being self-employed and owning a business.
Entrepreneur
Risk Taker
Great Manager
Business Partner
If an employee makes $16.75 per hour, what would be their weekly salary if they were full time.
$670.00
$34,840
$600.00
$34,000
How many employee does a small business usually have?
1000
less than 100
more than 100
about 500
If an employee made $28,000 per year, what would their weekly rate?
$550.00
$539.46
$13.46
$13.50
The Neveau Corporation spent $15,000 on research last year. It spent 30 percent on consumer research, 25 percent on pure research, and the remainder on applied research. The company’s annual sales for the last year were $400,000.
Using the scenario above; what percentage of sales did the company spend on research?
37.5%
5%
3.75%
7.5%
Businesses that buy products from businesses and sell them to other businesses are called
Retailers
Wholesalers
Marketer retailers
Industrial Companies
_____________ is the selling of goods in a foreign market at a price lower than cost or below what it charges in the home market.
Embargo
Sanctions
Non-tariff barriers
Dumping
The extent to which people enter and leave employment in a business during a year is known as
Layoffs
Terminiation
Tranfers
Turnover
Which performance plan pays employees a fixed rate for each unit produced?
Piece Rate Plan
Commission Plan
Bonus Plan
Wage Plan
The international organization that creates and enforces the rules governing trade among countries?
NAFTA
WTO
CDC
Congress
Which of the following is NOT provided protection from employment discrimination by federal law?
Age
Income
Gender
Citizenship Status
