Edynamics 2022 Business Midterm
Thanks to the Equal Pay Act, there is no longer a gender-based pay disparity among employees; men and women generally earn equal amounts for the same jobs.
False
The closure of Sears is a good reminder of how poor customer service can cause an otherwise well-run business to go bankrupt
False
The finance and accounting teams in most businesses actually have almost nothing to do with each other.
False
The sales strategy of a business plan is where you describe competitors to your product or, if there are none, who you plan to target your product or service to and why this niche market will be profitable.
False
Why might a company invest in another company?
Improving that company means they can provide you a cheaper service.
The telecom giant AT&T is not only beholden to general federal business laws but also must comply with guidelines issued by the:
FCC.
The government's voter information registry would fall under the jurisdiction of:
FISMA.
. If you are the best candidate responding to a company's job search, you can be sure that you will be offered the job.
False
. In your request for funding, you should be sure to only ask for as much as you'll actually need.
False
. It is legal to pay a worker less than minimum wage if they signed a contract agreeing to that amount.
False
A lawyer who sells legal advice to clients even though they don't have a license for their practice or bar certification is committing fraud.
False
A real estate business would need to carefully consider how to implement an inventory system along with point-of-sale.
False
A statement of changes in equity is reviewed regularly so that a business can compare how it is doing financially against the initial estimates for the year.
False
A workplace can be considered a hostile environment if it can be shown that a manager is consistently being dismissive, rude, or abusive to their employees. closeIncorrect
False
An individual person selling their canoe on eBay wouldn't be generating income, since an asset is lost in exchange for money.
False
Because it's susceptible to the highs and lows of the stock market, buying shares in a business is a form of active income generation.
False
What is the best definition of business information management?
a process that distributes information with the goal of helping a business function
You want to include in your business plan a discussion of how your company was founded and where you got the ideas for your product. What place is such a discussion most appropriate?
business description
our high-tech search firm sums up its identity with three words: "don't be evil." In what part of a business plan would you most likely include this statement?
business description
Many areas of California are prone to fire. What kind of insurance would cover the income a business would lose as it recovered from a fire?
business interruption insurance
A common way one company might invest in another business in such a way that they can later sell it off for cash is:
buying shares of the other company.
A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category this institution would most likely fall under?
credit union
One of your employees was in a car accident and needs time off to recover, as well as special equipment to help her transition back into her role at work. The negotiations to help meet these needs is the role of:
human resources.
OSHA, the Occupational Safety and Health Administration, has notified you that your company is legally required to install safety rails around the large vats of chemicals in your factory. You need to follow their order so that you are:
in compliance.
Gwen and Renee have a personal dispute that has started to lead to workplace arguments and bad behavior. Which department is likely to step in to help resolve the issue?
human resources
When considering whether to invest profits back into a business, what might a company do to ensure they have more profit per sale in the next accounting cycle?
purchase their own equipment instead of renting it
How would your company track sales income in a journal entry in the accounting cycle?
recorded as a credit
Your company has paid for a motivational speaker to talk to your employees. How would this be recorded as a journal entry in the accounting cycle?
recorded as a debit
Which part of a business plan most distinguishes it from an internal document or memo?
request for funding
Which part of the business plan would you use to really break down how many staff you need in order to make a specific amount of product and sell it for a profit?
request for funding
Gloria's company stores the health records of their clients locally. As a modern business, they would likely have exceptionally strict _____ to protect their client's confidentiality.
rules for computer use
The actions of your marketing department most directly affect:
sales.
. You are looking for a specialized bank to use as a place to keep your profits month-to-month and as a potential resource to borrow money from. You don't need a lot of other services, and want to find the best rates. What type of financial institution would be an especially good one to consider?
savings and loan association
One great way to build a reputation for customer service is to:
sell reliable products.
Equity release is basically:
selling under-used assets to generate cash.
Before launching a marketing campaign in multiple countries, your logistical considerations unique to international sales that could change immensely would include:
shipping and transportation costs.
Which media is especially prone to supporting viral marketing?
social media (YouTube, Twitter, etc.)
Jamal and Rahul are a married couple who own and run their own bakery. What would their business be classified as?
sole proprietorship
One side effect of the widespread use of video cameras (in smartphones) and social media sharing is that:
stories of poor customer service experiences can reach many people, very quickly.
Dan tells you about an awesome website he found that gives away keys to activate almost any computer game you can download. Dan is describing a site that:
supports piracy.
Going to the bank and asking to borrow money is referred to as:
taking a loan.
Transgender rights would fall under:
the Civil Rights Act.
Yvonne's company has decided that only women will be allowed to work as secretaries. This violates:
the Civil Rights Act.
Men in Alonso's department earn about 5 percent more than women, on average. Alonso's company might be violating:
the Equal Pay Act.
The piece of legislation that guarantees hourly employees are to be paid extra for overtime is:
the Fair Labor Standards Act.
Eye goggles for welding work is a requirement of:
the Occupational Safety and Health Act.
What is something you could reasonably expect an insurance company to pay for?
the cost of medical bills for employees who injure themselves while on the job
. Something is considered a business primarily based on:
the functions the organization performs.
It's important to follow technologies across industries; for example, television commercials often borrow _____ from the movie industry.
visual techniques and camera angles
When are you mostly likely to look up your personal credit report?
when you are applying for a loan
When is it most appropriate to use in-house job recruitment instead of having an outside contractor help with recruiting?
when you insist on filling the role through internal promotion
What is the cheapest form of marketing in terms of material production and maintenance costs?
word of mouth
Which type of insurance would the human relations department be most concerned with?
worker's compensation insurance
_____ is one of the aspects of running a business that is most related to customer retention.
Customer service
_____ is about making a customer feel valued; ______ is about giving your business its unique personality.
Customer service; branding
Between the finance and accounting departments, a well-run business will compose all four types of business statements at the end of every accounting period.
False
Business ethics is just another way of saying that businesses should follow their local laws.
False
Checking your credit score personally is something that should be done only rarely, as each time you do it, it lowers your credit score a bit.
False
Compared to the roles of sales, finance, and accounting, marketing is considered to be one of the least important parts of a business, since its work is so isolated from that of other departments.
False
Copying an image from another website and using it as your own is not plagiarism, since it's a picture and not written or spoken text.
False
Federal law requires that accounting periods for businesses be recorded quarterly.
False
For a business, it's important to focus on either active or passive incomes; splitting your attention between the two leaves you less able to react to changes in the market.
False
If you are the best candidate responding to a company's job search, you can be sure that you will be offered the job.
False
If you have an insurance policy, your deductible is the set amount you pay every month to maintain your coverage.
False
If you own your own building, then as a business owner, you don't have to worry about property laws as much as if you were renting.
False
In business, when we discuss networking, we talk about it as a great way to meet and sell to customers personally.
False
In your request for funding, you should be sure to only ask for as much as you'll actually need.
False
Income specifically refers to money made from sales; all other credits to a business are considered revenue.
False
It is legal to pay a worker less than minimum wage if they signed a contract agreeing to that amount.
False
Non-depository banks are functionally non-profit, since they do not allow deposits of money for safe keeping.
False
Non-profits are unique among businesses because they don't have to register their intellectual property.
False
Small businesses, like a home office with only a few employees, don't need managers, but if you have at least 10 employees, managers are vital.
False
To register something as intellectual property, it must be attached to a business of some kind.
False
Traditional advertising tools have largely been abandoned by modern marketing teams.
False
With new technologies, business crimes are harder and harder to track; criminals use all kinds of tools to hide traces of their crimes, and cybersecurity specialists have little recourse.
False
Your available market is basically a subset of your target market.
False
What is the name of the new set of guidelines passed recently by the European Union?
GDPR
What service helps you analyze how many people visit your website, which pages they look at, and how long they spent at each page?
Google Analytics
An HIV testing clinic would not only need to worry about general security but would also need to conform with ____ standards protecting their patient's medical information.
HIPAA
Which department in a company likely has written the policies to deal with employee performance and behavior?
HR
Which department in a company likely has written the policies to deal with employee performance and behavior? sales
HR
_____ is the aspect of sales and marketing most geared at building a regular customer base without having to constantly find new customers. checkCorrect
Innovative marketing
Why is confidence important for people who start their own businesses?
It helps others believe in the product or idea.
If Joan Q. Smith decided not to register a name for her business, which of the following is most likely to be the name of her business?
Joan Q. Smith
What service might you use if you need to contact a long list of people to tell them about a new sale?
MailChimp
What is a good example of a common information management tool, used by almost any business?
Microsoft Office
what is a good example of a common information management tool, used by almost any business?
Microsoft Office
____ mandates that a company keep a fire extinguisher on each floor of a building; _____ are what employers use to make sure employees know where that extinguisher is and how to use it!
OSHA; health and safety rules
____ deals with existing customers; _____ helps find new customers.
Sales; marketing
What is the most significant risk of keeping digital customer records in a database?
The data could be leaked or hacked into.
A bank is offering you a line of credit. What does this mean?
They will loan you money in return for your paying interest.
. Businesses that operate in firearms, education, or health generally have tighter restrictions and regulations they must meet to be licensed.
True
. Customer service involves not only things like how employees interact with customers but also things like how employees are dressed, how websites are designed, and how well placed the signs are in retail stores.
True
. If you instantly recognize the name of a business, like Facebook or Amazon, you know the company has strong marketing.
True
. The most common business structure in the United States is sole proprietorship.
True
A company that adheres to a good ethical code is not just upholding a moral standard; it can actually be a smart, profit-generating business move as well.
True
A digital arts studio using image editing software, then uploading that to Dropbox, is an example of information management.
True
A limited partnership is characterized by having two different types of partners—at least one general partner and limited partner.
True
Al Capone, a leader of organized crime, was arrested thanks to the work of accountants.
True
An amazing product still relies on a good sales department in order for it to actually sell.
True
An inability to handle your personal finances (as represented by a credit score) can be a major impediment to being offered good business loans for a startup.
True
Business plans are, in many ways, a marketing tool to get investors and banks to support your business by convincing them it will succeed.
True
Businesses can open savings accounts much like an individual citizen can, and they serve the same purpose—earning income on money that it's actively being used.
True
Businesses invest considerable money in their sales strategies because it's usually the main source of revenue, but it's not the only way a business can generate cash.
True
Businesses often adjust entries by the end of an accounting cycle to make sure that revenue or expenses are correctly applied to the cycle in which they actually occurred.
True
Businesses that operate in firearms, education, or health generally have tighter restrictions and regulations they must meet to be licensed.
True
Cash flow statements usually detail three flows: operating activities, investment activities, and financing activities.
True
Customer service involves not only things like how employees interact with customers but also things like how employees are dressed, how websites are designed, and how well placed the signs are in retail stores. checkCorrect
True
Customer service never really ends; it's a continuous process for as long as you have a relationship with a customer.
True
Equity is the difference between the value of your company's assets and liabilities.
True
Even though it's the first part of your business plan, it often makes sense to write the executive summary last, once you've worked out the finer details.
True
For a life insurance company, actuarial tables are used by an actuary to calculate the death rates of the general population according to things like age, whether they smoke or not, and overall health.
True
Google originated as a research project between two PhD students at Stanford.
True
Google originated as a research project between two PhD students at Stanford. checkCorrect
True
If there's no way to completely eliminate a risk to a business, the risk should be accepted once it has been minimized; fundamentally, as a business, some risk must be taken to continue to grow.
True
If you instantly recognize the name of a business, like Facebook or Amazon, you know the company has strong marketing.
True
In business, most of the internal technology used is needed for one of two purposes: communication or finances.
True
Interest rates on loans in the 1980s climbed to more than 18 percent, a nearly unimaginable number compared to today's interest rates.
True
Loans aren't legally considered income, so you don't have to pay tax on them.
True
No single marketing method can sell every product or service; the best plan is one that combines strategies designed to work specifically for your business and products.
True
One great way for a business to avoid being the target of criminals is to make sensitive data as hard to discover as possible.
True
One major advantage of remote connections to an office is that it makes it more possible to work with talent from all over the world.
True
Patents in the United States have a time limit, usually of 20 years.
True
Paying employees only minimum wage, with no benefits, even if your business can otherwise afford more, is legal but unethical.
True
People are far more likely to remember, and talk about, a bad customer service experience than a good one.
True
Plagiarizing another company's website content (copying the text and using on your own site) is unethical.
True
Recruiting can be done in-house or by having an external firm find candidates.
True
The fair use doctrine is ambiguous, but generally it is accepted that showing footage of a video game during a video review would not be considered plagiarism.
True
Vehicle insurance is not just for cars and trucks; in some cases, it is even required for bicycles.
True
What you do in your personal life can affect your business and vice versa.
True
While it may have more component parts, budgeting as a business is fundamentally similar to budgeting for a household.
True
White-collar crimes are distinguishable from "street" crimes in part because they are committed by business professionals.
True
What is the main advantage of online marketing tools over traditional tools?
You don't have to pay for the production of physical/printed ad materials.
What is the primary benefit of being an entrepreneur instead of working a traditional job?
You have more freedom to take charge and lead.
You take out a $10,000 loan with a 5 percent annual interest rate. You plan to pay $1,005 dollars each year over 10 years. After a decade, where will you be in relation to the loan? (Hint: assume simple interest.)
You will still owe $4,500 on the loan.
Your uncle got an email from his bank saying his account was compromised, and he used a link they provided to sign back in to his account and change his password. Later, his bank calls him to say they've noticed suspicious activity on his account. What is likely happening?
Your uncle fell victim to a phishing scheme.
The "golden arches" used in McDonald's advertising are an example of:
a logo
What is a good example of intellectual property?
a business logo
One of the most common point-of-sale systems in use today is:
a cash register.
Which kind of business is likely to experience very strict restrictions to acquire their business license?
a charter or private school
What is an example of a critical tool most small businesses would use for marketing?
a company website
What is one way in which a business owner's personal ethics can affect their ability to run their business?
a criminal record can affect your ability to get a loan
In order to send out emails to potential customers, you will need:
a customer database.
One barrier between a company's intranet and the worldwide internet is:
a firewall.
one barrier between a company's intranet and the worldwide internet is:
a firewall.
Which type of business is very likely to need to implement a point-of-sale system?
a grocery store
By its very nature, a sales pitch is aimed at increasing
active income.
Your friend Elijah likes working with statistics, but doesn't care much for interacting with strangers; he's most happy digging into a spreadsheet of data. What career in the insurance industry might he be especially well suited for?
actuary
You are marketing a cheap tablet that is especially geared towards the needs of high school students. What demographic variable would you most likely consider in your marketing campaign?
age
Any computer that goes online should have its own:
anti-virus software.
any computer that goes online should have its own:
anti-virus software.
What is a business?
any registered company that exchanges goods or services they make and/or provide
the available market for a small suburban grocery store would be:
anyone within about 10 miles of the store.
Customer service begins:
as soon as a customer hears about your business
What kind of resource would a shipping warehouse owned by a company be considered?
asset
Which business financial statement is used primarily to get a snapshot of the assets, liabilities, and equity of a company?
balance sheet
Which kind of legal issue would most directly affect your ability to secure a loan?
bankruptcy
You are advertising a product and have a target audience of people with cars, especially those with long commutes (people who drive a long time to get to work). What types of advertising media make the most sense in terms of helping reach those customers?
billboards and radio ads
Your company brand emphasizes minimalism—saying a lot with very little, with clean lines and empty space rather than clutter. What colors would work well with your branding?
black and white
A marketing team will use the business's ____ to shape the messaging across all other aspects of marketing.
brand
Vivian is being courted by several vendors for her business. One of them gives her an expensive watch for her birthday. What crime might be being committed here?
bribery
Your friend Melanie really likes helping people work together to understand what businesses need, while still keeping everything fair for all concerned. What career in the insurance industry might she be especially suited for?
broker
What IKEA marketing innovation is especially likely to expand their target market to people with limited mobility or who have trouble leaving their own homes?
creating a virtual reality app that allows you to see what IKEA products would look like in your own home
. A store with high customer retention:
can rely on customers to shop there again.
. You are being audited by the IRS. Which kind of financial statement are you likely to prepare just for them?
cash flow
Which financial statement would be of most relevance to a company that is publicly traded—that is, a company with shareholders? closeIncorrect
changes in equity
You want to get a sense of the state of your business over a period of time, not just a single snapshot in time. Which kind of financial statement would be most useful?
changes in equity
For a high school student writing an essay, the proper first steps in deciding how and when to include a source for citation is to:
check with your teacher about the guidelines for the sources you are considering.
You file a ____ to your insurance company to ask for money to pay for equipment that was stolen in a robbery.
claim
What is the final stage of the accounting cycle?
closing statements out
Which of the following businesses is likely to have relatively few restrictions and regulations when applying for business licensing and permits?
clothing boutique
. A logo fundamentally consists of:
colors and shapes.
The European Union (EU) recently passed legislation requiring companies that store customer information online to follow stricter security protocols. This is an example of:
computer law.
he European Union (EU) recently passed legislation requiring companies that store customer information online to follow stricter security protocols. This is an example of: discrimination.
computer law.
A formal guarantee that a product will not break within a year, and if it does the company will replace it, could be considered a form of:
contract.
You are a professional writer. Which type of legal protection is likely to apply to your work but not for a grocery store?
copyright
. You want to start a company that pays very low taxes and fees, and you're willing to take on broad liability for the actions of the business to do so. What kind of business structure makes the most sense for you?
corporation
You want to start a company that pays very low taxes and fees, and you're willing to take on broad liability for the actions of the business to do so. What kind of business structure makes the most sense for you?
corporation
Social media sites like Facebook collect a large amount of personal data, like their user's age, location, and interests, and often note which ads the user has clicked on. In what format could Facebook sell this information in order to help advertisers create customized ads on their sites?
customer databases
The closure of Sear's line of department stores was shocking because they were known for having excellent _____; they closed down because of poor _____.
customer service; financials
What would likely be involved in an equity release?
delivery trucks
You are the new HR manager of an existing company, and on your first day, you see that all 50 of your upper-level managers are white males in their 40s and 50s. You need to immediately review your hiring and recruiting processes to make sure they aren't:
discriminatory.
What's a good way to secure data on old hard drives?
drill a hole through them
Research showing that your idea is something people will actually buy can support your business plan by communicating:
how you'll ensure your product will sell.
Your friend Grant works at a restaurant, but his boss takes 60 percent of all earned tips and keeps it as his share of profit. What crime is Grant's boss committing?
embezzlement
. What would be an appropriate advertisement for an ad campaign aimed at soliciting donations to a blood bank?
emphasizing civic responsibility and need
One of Francois's best recruiters recommends a person for a position that entails heavy computer use, but he is reluctant to hire them because they are 70 years old, and he suspects they might be out of touch with modern computing practices. Francois is probably:
engaging in age discrimination.
What is the term for someone who starts their own business (with or without partners)?
entrepreneur
The best overall measure of the financial health of a company is:
equity
The best overall measure of the financial health of a company is:
equity.
Copying an image from another website and using it as your own is not plagiarism, since it's a picture and not written or spoken text.
false
Income specifically refers to money made from sales; all other credits to a business are considered revenue.
false
What is a good example of a white-collar crime?
falsifying environmental impact reports
What would a business most likely have used in the past that has now been supplemented or replaced outright by electronic databases and spreadsheets?
filing cabinets
You've just found out that your business has gone hugely over budget, spending the annual budget already even though it's only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
finance
. You are buying a house and need a company to hold the money in escrow until the sale is finalized. What kind of company likely specializes in just that service?
financial service company
You friend Shantae runs an art gallery that turns out to have sold a "fake" painting—one that was painted by a street artist instead of another esteemed artist. The gallery has committed:
forgery.
. What part of the accounting cycle is basically a compilation of all of the journal entries for every account the company has recorded?
general ledger
What part of the accounting cycle is basically a compilation of all of the journal entries for every account the company has recorded?
general ledger
What is a good example of market research?
going to other ice cream shops in your neighborhood and seeing what flavors they offer
Company uniforms are a common provision of:
guidelines for employee behavior.
Julio's company prides itself on presenting a high-class, polished brand for its customers. Thus, the company demands a lot from its staff in its:
guidelines for employee behavior.
What difficulty might you face if you don't have a contract between your business and your customer or client, particularly if you sell a service?
harder to file suit if you aren't paid
A hurricane-prone area should include an evacuation plan for its employees as part of its:
health and safety rules.
For an average, private company (like a grocery store or steel mill), the workplace rules and regulations that are mostly related to federal laws are:
health and safety rules.
. What worker's benefit common to many jobs is a result of ongoing union activity, rather than federal legislation?
health insurance through the company
What worker's benefit common to many jobs is a result of ongoing union activity, rather than federal legislation?
health insurance through the company
Someone who is self-employed is most likely to need:
home-based business insurance.
. Research showing that your idea is something people will actually buy can support your business plan by communicating:
how you'll ensure your product will sell.
Coming up with something completely new in terms of messaging and advertising is called:
innovative marketing.
Which source of income used to run a college or university would be considered passive income?
interest from money kept in savings
For ideological reasons, your friend Jorge wants to only work with a non-depository financial institution for his new startup. Which kind of institution could you safely recommend to him?
investment bank
When it comes to physical security in buildings with sensitive financial information, one common way of improving security is to:
issue and use photo IDs for restricted areas.
The business you work for has adopted a free cloud communication suite that is designed to support 20 employees, divided into 5 groups of 5 members each (some employees are expected to be in multiple groups). What problem might you experience as your company grows?
lack of scalability
Who should be in charge of writing business contracts?
lawyers
In insurance, the term that most represents a company's accountability (in terms of them owing someone something) is:
liability
Which type of business needs to file with the Secretary of State within each US state?
limited liability partnership
Ellen wants to start a business selling custom t-shirts with her friend Elias, but she is worried about her liability if the business fails and wants to only be responsible for losses proportional to her modest investment. What kind of business would meet Ellen's needs?
limited partnership
In many cases, when it comes to implementing the proper tech solution to address a business problem, the business should expect and accept:
lots of work and effort in the short term in exchange for ease, safety, and speed in the long term.
The part of a business plan that describes the structure of your business—the departments, who reports to whom, and specific talents some of your staff might have—is:
management and organization.
Imagine your friend Wyatt is really into digital design. For a traditional retail store, which business function is most likely to be able to make use of his talents?
marketing
There's been a minor scandal at your company, with one of your high-level employees being accused of fraud and embezzlement. Which team would provide an employee who would handle the media investigation into the event?
marketing
Which business team is most likely to produce work that requires a trademark?
marketing
There's a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
marketing; accounting
Your employee Allison returned from a conference and has developed an amazing new sales pitch. When you ask her how she came up with it, she tells you that she is repeating almost verbatim a sample pitch she heard at one of the presentations at the conference. Should you reprimand Allison?
maybe, if the speech was someone else's intellectual property
. Samantha has a bakery that has been successfully run for over a year, and it's growing in popularity. If she planned to use her profits in order to merely cover the same costs she had in the previous year, what risk is she most likely taking?
might not be able to keep up with increased demand
Samantha has a bakery that has been successfully run for over a year, and it's growing in popularity. If she planned to use her profits in order to merely cover the same costs she had in the previous year, what risk is she most likely taking?
might not be able to keep up with increased demand
Google's founding _____ was: "organize the world's information and make it universally accessible and useful."
mission statement
Which kind of business crime could be used to hide embezzlement?
money laundering
Facebook's evolving privacy settings are a result of:
multiple revelations that user info was sold to third parties for research and advertising.
Your friend Augustus has come up with a clever business: he buys cheap beer then runs his own "bar" out of his basement and sells the beer at higher prices. He reports this income as profits from his "self-employment," so he tells you he doesn't have any legal liability. What kind of business law should you warn Augustus he is breaking?
operating without a license
What kind of words could most likely be associated with a clothing company with a distinct brand?
outdoorsy, active
. A business that invests in a federal "CD" (certificate of deposit, where they basically loan the government money in order to gain interest payments on it) would be earning:
passive income.
You've created a brand-new type of edible straw that works equally well with hot and cold drinks and lasts three times longer than other edible straws. What legal protection would you need for the design of this product?
patent
What is an example of a transaction that would be a step in an accounting cycle?
paying for employee training seminars
What kind of activity might be interpreted as a sign that a corporate credit card is being misused?
payments being made in another state
Napster was once a popular site where people "shared" music files with each other; likewise, "romnation" at one time allowed users to upload copies of video games they owned that others could download. These sites stopped engaging in these practices because they were afraid of the government prosecuting them for ____
piracy.
Which type of workplace guideline is partly in place to ensure that all employees are treated fairly and to prevent firing without cause?
policies to deal with employee performance and behavior
Which type of workplace guideline is partly in place to ensure that all employees are treated fairly and to prevent firing without cause? checkCorrect
policies to deal with employee performance and behavior
Putting an employee on a performance improvement plan (PIP) as an attempt to train them before they must be fired is an example of a company's:
policies to deal with employee performance and behavior.
Queenie is complaining that even though she has a horrible employee working for her, upper-level management won't let her fire the employee. Her hands are tied because of:
policies to deal with employee performance and behavior.
A company requires IT technicians to remotely wipe all contacts and emails from an employee's workstation when the employee is brought in to a meeting where they will be terminated. This is an example of:
processes and procedures.
Quality assurance in terms of products is largely one purpose of:
processes and procedures.
Even though you had accurately informed your teams of the number of products you would need to have ready to sell at a local expo, you find out that you don't have enough of the product in stock to meet those numbers. Given that communication isn't an issue, which department is most responsible for this error?
production
Lilly owns a retail company with its own manufacturing division. The department that likely has the most health and safety rules is:
production.
Malpractice insurance, which covers medical professionals whose patients experience negative outcomes over the course of their treatment, would be considered:
professional liability insurance.
Running a sale on your products would be considered a:
promotional tool.
What kind of insurance would make the most sense for a factory that works in a flood-prone area
property insurance
What kind of insurance would make the most sense for a factory that works in a flood-prone area?
property insurance
Alan rented a house in a suburban neighborhood and recently decided he wants to turn the house into a tech-support business, with about five employees who work on-site. Alan needs to be careful to check zoning regulations and his lease agreement, otherwise he might violate:
property laws.
What's a good way to improve customer retention?
provide affordable, high-quality products and services
Your business is going to sell bow ties for French Bulldogs at five dollars a pop, with two-for-one sales on Tuesdays. What part of your business plan will talk about this?
the sales strategy
The point of having an EIN is:
to identify your business so you can file and pay taxes.
What legal protection would you need for a marketing slogan like "Bluebell: the best ice cream in the country"?
trademark
Imagine the accounting team forgot that your company had to pay property taxes on its warehouse. Assuming the tax bill hasn't been paid yet, where could the accounting track down this error?
trial balance
What part of the accounting cycle checks to see that the amount of money the business is spending is equal to the amount of income the business is generating?
trial balance
Businesses can open savings accounts much like an individual citizen can, and they serve the same purpose—earning income on money that it's actively being used.
true
With new technologies, business crimes are harder and harder to track; criminals use all kinds of tools to hide traces of their crimes, and cybersecurity specialists have little recourse.
true
to register something as intellectual property, it must be attached to a business of some kind.
true
In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
turnover.
If someone attempts to access a company's customer database illegally (through, say, hacking into the system), they are most likely going to try to:
use or sell the information to identity thieves.
he key way to avoid plagiarism in your own work is to:
use proper citations.
One key decision directly related to tailoring an ad to your specific audience is:
using the right medium for the ad.
. Your fish vendor wrote an agreement with you that entitles you to pick first from the catch of the day in exchange for paying 3 percent extra over their other clients. You find that they actually are allowing another company first pick ahead of you. Your vendor is:
violating your contract and could be sued.
Your fish vendor wrote an agreement with you that entitles you to pick first from the catch of the day in exchange for paying 3 percent extra over their other clients. You find that they actually are allowing another company first pick ahead of you. Your vendor is:
violating your contract and could be sued.
. Imagine the accounting team forgot that your company had to pay property taxes on its warehouse. Assuming the tax bill hasn't been paid yet, where could your accountants attempt to fix this error through budget adjustments?
worksheet
Imagine the accounting team forgot that your company had to pay property taxes on its warehouse. Assuming the tax bill hasn't been paid yet, where could your accountants attempt to fix this error through budget adjustments?
worksheet
When it comes to designing logos:
you should make it unique but consistent across all your ads.
Using software that you didn't pay for is wrong because:
you're benefiting from someone's work without paying them.