WorksheetsQuiz on Business Concepts
Total questions: 9
Worksheet time: 5mins
What is the goal of affirmative action programs?
To prevent discrimination
To increase profits
To reduce taxes
To improve technology
What does the term "delegate" mean?
To give responsibility to another person
To increase wages
To hire new employees
To train staff
What is considered a direct labor cost?
Wages paid to employees
Cost of raw materials
Office rent
Marketing expenses
What does the Fair Labor Standards Act (FLSA) establish?
Minimum wage and overtime pay laws
Tax regulations
Environmental standards
Import tariffs
What is the focus of human resources?
Knowing the strengths and weaknesses of each employee
Managing company finances
Developing new products
Expanding market reach
What is an indirect labor cost?
Costs for employee health insurance, pensions, taxes, and/or vacation pay
Wages paid to employees
Cost of office supplies
Advertising expenses
What does a job description detail?
Duties to be performed and responsibilities involved
Company's financial status
Market analysis
Product specifications
What is the purpose of orientation for new employees?
To help them better understand the business
To evaluate their performance
To negotiate salaries
To conduct market research
Affirmative action programs are legally mandated plans that try to increase job opportunities for underrepresented groups.
true
false
