PBMF Fall Final Review

Front

If a business is owned by two or more persons who share the risks and rewards of the business, then a, _____ would exist.

Back

partnership

Front

Which of the following laws requires one and a half times the regular rate of pay for more than 40 hours worked for qualified employees: The Equal Pay Act of 1963, The Fair Labor Standards Act of 1968, The Americans With Disabilities Act of 1990, Title VII of the Civil Rights Act of 1964?

Back

The Fair Labor Standards Act of 1968

Front

Which of the following steps in the ethical decision-making process involves devising an accurate problem definition?
Options: Selecting the best choice, Defining the problem, Listing all alternatives and consequences, Evaluating your decision

Back

Defining the problem

Front

The quantity of a good or service that consumers are willing and able to buy is?

Back

demand

Front

The functions of management are _____, organizing, ___, implementing and _____.

Back

planning, staffing, controlling

Front

Intrastate commerce is business that occurs where?

Back

within the state itself

Front

Which of the following is a service business? A Home Improvement Store, A Hair Salon, A Car Dealership, A Grocery Store

Back

A Hair Salon

Front

In the business cycle, when unemployment is rising, and production is being reduced is called:

Back

recession

Front

What is an export?

Back

Goods going out to other countries

Front

In a command economy, who would control the three economic questions?

Back

The government