5101-2 Exam

Which of the following would violate federal child labor regulations?

• Hiring your own child to work in your small business if the child is under 14

• Employing someone under 14 as a newspaper carrier

• Employing someone under 18 in a job deemed hazardous

• Employing anyone under 18 as a babysitter

Which of the following would be a violiation of the Occupational Safety and Health Act (OSHA)

• an employee becoming injured while commuting to work

• an employee becoming injured because an employer did not provide equipment in good working order

• an employer requiring employees to work with toxic chemicals

• an employer failing to accompany an OSHA compliance officer on an inspection

The following are sentences from a job description. Select the sentence that clearly and correctly communicates its intended meaning.

• The employee will have excellent oral communication skills

• The employees oral communication skills will be excellent

• The employee will communicate orally and in writing well

• The employee will have excellent writing skills

The career competency MOST needed for success in business occupations is:

• computer literacy skills

• communication skills

• records management skills

• time management skills

The BEST way for an employee who is concerned about a colleague's behavior to address the matter is:

• emailing the college and copying their supervisor

• writing the college a letter and filing a copy with the office manager

• ignoring the problem and focusing on a positive aspect of the colleague instead

• setting up a face to face meeting with the colleague to discuss the problem

Which of the following primarily benefits an American multi-national company?

• implementation of a positive trade agenda

• policies that reduce foreign direct investment

• increased competition with foreign state-owned enterprises

• exclusion from the global supply chain

Securing adequate financing to support the needs of the business is called:

• Problem-solving skills

• Tolerance for ambiguity

• Strong integrity

• Ability to secure capital

Acting with honor regardless of whether your actions are public and committing to doing what you say you will do is called:

• Problem-solving skills

• Tolerance for ambiguity

• Strong integrity

• Ability to secure capital

Which financial statement should be reviewed to determine how much a company owns, owes and how much shareholders have invested?

• Statement of Retained Earnings

• Income Statement

• Balance Sheet

• Statement of Cash Flows

Which financial statement should be reviewed to provide insight into a company's financial position and the owner's attitude toward reinvesting in and growing their business?

• Statement of Retained Earnings

• Income Statement

• Balance Sheet

• Statement of Cash Flows