BUSINESS CORE EXAM 1

Jean, Keisha, and Kyle want to start their own business but are concerned about the higher tax rate for corporations as well as the double taxation on corporate profits and dividends paid to stockholders. What type of business ownership should they consider?

• S corporation

• Partnership

• Open corporation

• Close corporation

Brandon has been given a 385-page report and does not have time to review the entire document, but he does need to understand specific information that is included in the report. What section of the report will guide Brandon to the information he needs?

• A. Analysis

• B. Bibliography

• C. Appendices

• D. Table of contents

To be reimbursed for business expenses, Luke must obtain and complete an expense-reimbursement form, attach the original transaction receipts to the completed form, and submit the documentation to his manager for approval. What is Luke doing?

• Following company procedures

• Developing company policies

• Evaluating company feedback

• Assessing company guidelines

During a meeting, Kevin provided an idea for cutting departmental costs by 20 percent. Which action would indicate that Kevin's supervisor liked his idea?

• A. Rolling his/her eyes while sarcastically stating, "Great idea, Kevin"

• B. Nodding, smiling, and writing down the idea

• C. Making eye contact, frowning, and crossing his/her arms

• D. Cutting Kevin off while he's speaking and asking for more ideas

Ramona's teacher is giving directions for the midterm; but the two students sitting on either side of Ramona are whispering to each other, and it's hard for her to hear. Ramona focuses all of her attention on the teacher, so she doesn't miss anything important. Which of the following steps for following directions does this situation illustrate:

• Acknowledging directions verbally or nonverbally

• Eliminating distractions

• Reaching consensus

• Recommending alternatives

What element of voice is important in order to communicate effectively with others?

• Documentation

• Vocabulary

• Grammar

• Articulation

Often, the most effective way to interpret others' nonverbal cues is to look at their

• clothing style.

• leg movements.

• facial expressions.

• office decor.

What is the most appropriate closing to include in a response to a customer's email inquiry for product information?

• The model 2CR is available in three colors—red, black, and white. Reply by email with the color that you want.

• On behalf of LVN Industries, thank you for your order. Your confirmation number is 243597.

• We apologize for the inconvenience and will send a corrected invoice to you within 24 hours.

• Thank you for your interest in XWQ products. Please let me know if you have any additional questions.

Once you know your group's purpose, what should you do next?

• Contribute in a useful way

• Find out what people know about the subject

• Volunteer a new idea

• Agree on ground rules

Allison is attending a business seminar. Because the seminar presenter is speaking very quickly, Allison is having a difficult time taking accurate notes. What technique would help Allison take notes quickly?

• Write notes on index cards

• Use abbreviations and symbols

• Focus on the subtopics

• Ask the speaker to provide handouts