Chapter 16 pt 1

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Ted, a 46-year-old IT professional, recently attended a job interview at Acton Org. He was not offered the job. Ted tried to find the reasons for his disqualification and the company could not provide a satisfactory explanation. He later learned that he was refused the job due to his age as the job position was offered to a 23-year-old who had just graduated from college. Which of the following laws protect Ted from such discriminations?

ADEA

Ted's business, situated near the Missouri River, was partially destroyed when the river overflowed after a deluge. Which of the following measures would've helped Ted minimize the effect of the flood from interrupting the operations of his business?

Creating provisions for subcontracting work

Customers can never be a source of risk for businesses.

False

Everyone responds differently to risk. When it comes to business risk, small business owners are mostly risk seeking rather than risk averse.

False

The ADA Technical Assistance Program provides inspection and affirmation services to help small businesses.

False

The OSHA is a commission established to enforce the provisions of the Equal Employment Opportunity Act.

False

The advantage of legal protection methods for intellectual property is that there are multiple government agencies in each area that will assist a small business owner in maintaining their legal rights.

False

Axion Inc. is a small business started by Robert. As the business grew, he decided to implement new company policies that would ensure that his employees are not encouraged to set up competition against Axion. Which of the following techniques should he adopt to achieve this?

Negotiate contracts with key employees that limit their freedom to go into competition

Which of the following should be included in an employee contract for a key employee?

Offer rewards for providing adequate termination

Which of the following should be included in an employee contract for a key employee?

Offer rewards for providing adequate termination notice

Which of the following should be undertaken in order to reduce a business's exposure to the risk of violating tax regulations?

Reconcile the cash register tape to the cash register contents every day

Martin, an employee at a boutique store, is required to handle store displays and also ensure that all the sales records tally at the end of each business day. However, he committed fraud by recording fake sales and then keeping the products to himself. Which of the following managerial concepts would have helped the store avoid this deception?

Separation of duties

Which of the following represents the problem with legal protection methods for intellectual property?

There is no governmental agency that will assist small business owners in maintaining their legal rights.

Employees whose experience and skills are critical to the success of a business are called key employees

True

Risk from loss of key personnel and former employees setting up competition against your business can be managed by negotiating employment contracts with those key employees.

True

Jacob often manipulates charges on his travel expenses to indicate higher amounts when he travels for the company he works for. Trent, the accounts manager, accepts fake bills and assists Jacob in deceiving the company. They split the profits made this way. This is an example of theft by:

employee collusion


संबंधित स्टडी सेट्स

Fetal abdominal wall and abdomen

View Set

Chapter 3: Collecting Objective Data: the Physical Examination

View Set

Chapter 4 Network Essentials Exam

View Set

Ch. 39 - Corporate, Directors, Officers, and Shareholders

View Set

interNACHI How to Inspect HVAC Systems

View Set

Chapter 13 BLS Resuscitation Module review

View Set

Quiz 4 - Dunphy - Abdominal Problems

View Set

how to write an article in spanish

View Set