Retail Quiz #4 review

Which act requires employers to provide reasonable accommodations to employees with disabilities?

• FLSA

• OSHA

• ADA

• FMLA

Under U.S. federal law, is it legal for salaried employees to work without receiving compensation?

• Yes

• No

• N/A

• Not specified

What is the main objective of implementing sick leave policies in a retail business?

• To ensure employees can take care of their health without worrying about pay

• To minimize the operational cost of the business

• To motivate employees to work even when they are not feeling well

• To decrease the frequency of employees taking leaves

What is the main objective of workers' compensation insurance?

• To ensure employees have a safe working environment

• To provide a fair wage to all employees

• To compensate employees who get injured while performing their job duties

• To provide vacation and sick leave to employees

Which of the following is NOT a typical hazard in the retail industry?

• Shoplifting

• Incorrect manual handling

• Aggression and violence

• Falls from height

What is the term for the price at which a retailer sells a product to the customer?

• Cost

• Retail price

• Markup

• Revenue

What is the term for the total earnings a company has after subtracting the cost of goods sold?

• Net income

• Gross profit

• Operating profit

• Revenue

Which of the following is NOT considered a part of operating expenses in a restaurant business?

• Cost of food ingredients

• Electricity bills

• Staff wages

• Property purchase cost

What is the term for the total earnings a company makes before subtracting operating expenses?

• Net income

• Gross profit

• Net profit

• Operating margin

What is the ratio of the total profit to the total revenue, expressed as a percentage?

• Net income ratio

• Operating profit ratio

• Profit margin ratio

• Gross profit ratio