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Business Management Test Review
Business Management Test Review
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1
Which is not an example of external recruitment of employees.
Current employees
Internet
Advertising
Employment Agencies
2
Equal opportunity for employment laws that protect workers and guide employers: Civil Rights Act,Equal Pay Act, and ----
OSHA
Fair Labor Standards Act
Family Medical Leave Act
Americans with disability Act
3
which of the following is not a characteristic of entrepreneurs?
Make sure that others do most of the work
Self-starters
Enjoy working on their own
Work hard and for long periods
4
A company would use ---and --- research when developing new product ideas.
Consumer, Product
Goods, Services
Products, Goods
Internal, External
5
Using the scenario; how much money was spent on applied research?
$7425
$4725
$5274
$5775
6
Business that buy products from business and sell them to other business are called
Marketing retailers
Retailers
Wholesalers
Industrial companies
7
Employee makes 4% commission on his sales to 75,000 and 6% of his sales over 75,001 sold 88,000 how much his commission
$7380
$5280
$3780
$3520
8
The international organization that creates and enforces the rules governing trade among countries?
NAFTA
WTO
Trading Bloc
EU
9
The first step in processing applicants for a job is:
checking an applicant's references by contacting previous employers
Face -to-face interview with applicants
Reviewing applicants application to eliminate unqualified applicants
Administrating knowledge and skills tests
10
Minimum Wage was established by the :
Fair Labor Standards Act
Workers Compensation Act
Social Security Act
Occupational and Safety Health
11
American dollar is equal to 80 Japanese yen A camera made in Japan for 8,000 Yen would sell in the USA for dollars
100
100,000
10
1000
12
A company has a gross profit of $3 million, sales of $5 million. and expenses of $1 million. what is the net profit?
$2,000,000
$5,500,000
$6,000,000
$4,500,000
13
A company hired 120 new employees .The company average number of employees was 180.determine the employee turnover rate.
6.6%
1.5%
1.50%
66%
14
Employee benefits
Can increase the total compensation package an employee receives
Do not include 301K contributions
Are only offered to salaried employees
Do not include vacations and time off
15
Using the scenario ; what percentage of sales did the company spent on research?
6%
15%
3%
10%
16
which performance plan pays employees a fixed rate for each unit produced?
Wage plan
Commision plan
Bonus plan
Piece rate plan
17
The extent which people enter and leave employment in a business during a year is known as :
Employment turnover
The application process
Layoffs
Transfer and termination
18
Any form of paid promotion that delivers a message to many people at the same time is called
Advertising
Sales
Sales Promotion
Promotion
19
using the data calculate the average amount spent on training for each employee.
$590
$510
$850
$1100
20
A theory states that to gain a trade advantage in a global market should provide efficiently than other countries
Strategic alliances
Comparative advantage
Balance of payments
Embargo
21
Using the data calculate the average hours training per employee.
24
23985
41
14
22
Business activities that occur between two or more countries
International Licensing
Multinational Firm
Joint Venture
International Business
23
The USMCA (united States- Mexico- Canada Agreement) is a free trade agreement between?
Canada, USA , Mexico
Canada, USA , Iceland
Mexico, Honduras , Asia
USA, France , Britain
24
---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
Dumping
Non-tariff barriers
Sanctions
25
Which of the following is NOT provided protection from employment discrimination by federal law ?
Age
Gender
Citizenship Status
Income