WorksheetsBusiness Essentials Final 2024
Total questions: 27
Worksheet time: 14mins
Name
Class
Date
1.
This happens when a neutral third party is brought in to resolve a strike
a)
Conciliation
b)
Lawyer
c)
Manager
d)
Parent
2.
A farmer is a
a)
Processor
b)
Producer
c)
Intermediary
d)
Retailer
3.
Includes things like: sick leave, vacation, personal days or a new cell phone.
a)
Fringe Benefits
b)
Benefits
c)
Offers
d)
Offsets
4.
This occurs when all the workers in the union stop coming to work. With no workers, the business shuts down.
a)
Picketing
b)
Strike
c)
Closure
d)
Turn Around
5.
Originally called personal, this department handles the hiring, screening and main analysis of employees.
a)
Human Resource Management
b)
Manager
c)
Department Manager
d)
Kalous
6.
Ted will work in Department B so we meet our quota for the month while the strike is going on. Originally he would be called a "scab" he is now known as a what?
a)
Temp
b)
Strikebreaker
c)
Manager
d)
Worker
7.
People who make up the workforce of an organization, business sector, or economy are called what?
a)
Middle Management
b)
Human Resources
c)
Managers
8.
What would be an example of Nepotism?
a)
When you give five dollars to your younger sibling so they don't anyone you scratched the car door.
b)
When an employee receives a promotion after an impeccable track record for a year.
c)
Give your brother the position of CFO when he has no formal training.
9.
A payment made to someone who has facilitated a transaction or appointment, especially illicitly is called what?
a)
bribery
b)
kickback
c)
involvement
10.
A conflict of interest is?
a)
a situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity.
b)
a situation in which a person isn't in a position to derive personal benefit from actions or decisions made in their official capacity.
c)
a situation in which a person that will be in a position to derive personal benefit from actions or decisions made in their official capacity.
11.
Savings and Checking Accounts usually gather what over a period of time?
a)
More money
b)
Interest
c)
Cash advance
d)
Loan
12.
What is a monthly budget?
a)
How much money you spend on various items such as home, food and supplies.
b)
A list of what you spend each month.
c)
When you spend money you don't have.
d)
What are just fixed expenses paid.
13.
The average FICA Tax on all salaries is 7.65%
a)
True
b)
False
14.
What is a negative about a P2P app like Amazon Pay?
a)
It's quite and easy.
b)
You can only do it with an amazon account.
c)
If a person has your account they can steal from you.
d)
It works on mobile and desktop.
15.
A tax on sales or on the receipts from sales is what?
a)
District Tax
b)
FICA Tax
c)
Sales Tax
d)
Property Tax
16.
When you take more money out than your account has, is called what?
a)
Red Ledger
b)
Overdraft
c)
Negative balance
d)
Error
17.
Anything of value that is owned is called what?
a)
Assest
b)
Liability
c)
Merchandise
d)
Insurance
18.
The CEO of a company is usually known as what?
a)
Shareholder
b)
Primary Shareholder
c)
Mutual Shareholder
19.
What is the equity market where there is a combination of buyers and sellers that have ownership claims on a business called?
a)
Stock Market
b)
Investment Firm
c)
IPO
20.
Owners of a partnership have limited liability.
a)
True
b)
False
21.
A ____________________ is future based and focuses on the potential of a company's future, where they intent to be, and may be lofty
a)
Goal
b)
Mission Statement
c)
Vision Statement
d)
Slogan
22.
Which of the following is NOT a main component of a business plan that your groups should be completing?
a)
Marketing
b)
Company Information
c)
Financial Plan
d)
Management and Organization
23.
Which are the two Markets that are beneficial to you as an investor?
a)
Bull
b)
Bear
c)
Pig
d)
Command
24.
Having your own Micro business has all of the pros except for what?
a)
Be your own boss
b)
Having higher amount of revenue for you and your employees
c)
The chance to being bought out
25.
Having to not pay taxes as a business or organization is known as what?
a)
Tax Exempt
b)
Non Taxable
c)
Less Tax
26.
All are Public Companies but...
a)
Apple
b)
Mars Candy
c)
Google
d)
Amazon
27.
Check all that are Charities. (3 Answers)
a)
Salvation Army
b)
Epilepsy Foundation
c)
Swedish American
d)
Red Cross
100 %
