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Chapter 14-19

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1.
1 point
The two accepted accounting methods are the accrual basis and the
2.
1 point
The fiscal period used by most businesses is
3.
1 point
All of the following are valid methods of evaluating employees, except
4.
1 point
Malware is a(n)
5.
1 point
For a beauty salon, adding which of the following products or services is an example of synergistic diversification?
6.
1 point
Intensive growth strategies are ways of growing your business by
7.
1 point
The system of recording business transactions, analyzing them, and reporting the results is called
8.
1 point
An electronic tag on merchandise that sets off an alarm if it is removed from the store is an example of a
9.
1 point
Organic growth is growth that is accomplished by
10.
1 point
An agreement that promises to give customers their money back if a product is faulty is a(n)
11.
1 point
The 80/20 rule in inventory forecasting means that
12.
1 point
Turnover rate indicates
13.
1 point
Which of the following is not a commonly recognized inventory-control system?
14.
1 point
Which of the following is part of a formal job description but is not necessarily part of the job analysis?
15.
1 point
According to the Workers Adjustment and Retraining Notification Act (WARN), how much notice must employees be given that the company is going to close?
16.
1 point
One way to motivate employees is to
17.
1 point
The Small Business Investment Company (SBIC)
18.
1 point
Passing a business on to the owners children would be called a(n)
19.
1 point
A legally binding agreement that allows the owner to sell all or part of his or her interest in the company is known as a(n)
20.
1 point
Shoplifting is a type of
21.
1 point
Market penetration
22.
1 point
A merger is one way of
23.
1 point
Which of the following is not a reason why growing your business during an economic downturn is considered a good idea?
24.
1 point
Market penetration methods may include
25.
1 point
Double entry accounting is the process of
26.
1 point
A contact that provides a person with temporary rights to the business and details the conditions and payments the owner receives in return is a(n)
27.
1 point
To calculate turnover rate, you need to know
28.
1 point
An uninsurable risk is one that
29.
1 point
An economic situation in which a country experiences negative economic growth for a period of six months or longer is a
30.
1 point
To hire employees that best meet a company's needs, the company performs a
31.
1 point
The process of buying merchandise for resale to customers is called
32.
1 point
Each of the following steps will help you manage inventory to meet customers needs, except
33.
1 point
To calculate the number of units needed in stock to meet customer demand, you subtract forecasted units from
34.
1 point
The type of insurance that provides medical and financial support for workers who are injured on the job is
35.
1 point
Embezzlement is a form of
36.
1 point
Which of the following is not a task associated with inventory management?
37.
1 point
All risks can be classified as either speculative or
38.
1 point
Which government organization enforces safety regulations in the workplace?
39.
1 point
Because the accounting process is an established standard for communicating financial information, it is often called the
40.
1 point
Which of the following is not a typical task of a human resources employee?
41.
1 point
The most common form of employee ownership is the
42.
1 point
Many businesses use the 80/20 rule to
43.
1 point
A plan that calls for extracting cash from a business, brand, or product line is known as a(n)
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