stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Unit 7: Business Laws and Compliance Flashcards | StudBud
Explore
/
Unit 7: Business Laws and Compliance
Unit 7: Business Laws and Compliance
24 terms
·
StudBud Administration
·
31 plays
Test your knowledge on business laws, compliance, and essential practices for a successful business
Flashcards
24 cards
F
Practice quiz
P
Host live
L
Questions
24
Answers
1
What does the W-2 form report?
Employee wages
Zoning compliance
Business profits
Tax deductions
2
Which of the following is NOT typically included in an employee handbook?
Code of conduct
Grievance procedures
Salary information of other employees
Technology use policies
3
The Equal Employment Opportunity Commission (EEOC) primarily focuses on preventing
Cyber Attacks
Tax Evasion
Discrimination
Workplace Accidents
4
Which is a benefit of federal laws?
Limits business growth
Reduces employee rights
Increases taxes
Creates fair competition
5
What is a cybersecurity essential?
Zoning laws
Password policies
Employee benefits
Business licenses
6
What document is used to report payments to independent contractors?
W-2 Form
W-4 Form
1099 Form
1-9 Form
7
What should you avoid in interviews?
Structured processes
Cultural fit evaluation
Discriminatory questions
Skill-based questions
8
True or false: Local laws are the highest authority.
False
True
9
When creating job descriptions, what should be the primary focus?
Employee benefits
Essential job duties and responsibilities
Company history
Office location details
10
What is a key component of local laws?
State taxes
Zoning laws
Federal regulations
Employee benefits
11
What does OSHA ensure?
Business licenses
Tax compliance
Employee salaries
Workplace safety
12
What is the purpose of tax withholdings?
Pay for government services
Reduce business expenses
Increase employee salaries
Limit employee rights
13
What do state laws address?
Global standards
Business licenses
International trade
Federal taxes
14
What is the first step in hiring?
Create job descriptions
Identify hiring needs
Review applications
Make job offers
15
Which law sets minimum wage?
Fair Labor Standards Act
Workers' Compensation Act
Zoning Laws
Equal Employment Opportunity Act
16
Under federal law, which agency is responsible for ensuring workplace safety?
IRS
FSLA
OSHA
EEOC
17
What is a best practice for compliance?
Avoiding training
Regular audits
Ignoring laws
Minimal documentation
18
What is the main purpose of workers' compensation insurance?
Protect against customer lawsuits
Offer retirement benefits
Cover workplace injury costs
Provide unemployemnet benefits
19
In the hiring process, which of the following is a legal topic to discuss during an interview
Family Planning
Previous Work Experience
Marital Status
Religious Beliefs
20
What percentage is typically withheld for Social Security from an employee's paycheck?
5.2%
6.2%
7.5%
1.45%
21
What is a common payroll deduction?
Employee training
Business licenses
Zoning fees
Social Security
22
True or false: Net pay is gross pay minus deductions.
False
True
23
What does an employee handbook include?
Federal laws only
Local taxes
State regulations
Code of conduct
24
How do federal, state, and local laws work?
They form a network
State laws override all
They conflict often
Only federal matters
