Small Business Management AAMI with complete solutions

Small Business Management AAMI Advertising - correct answer the art of making the public aware of the services or commodities that the business has for sale. Age Discrimination in Employment Act - correct answer federal legislation that requires employers to treat applicants and employees equally regardless of age. American with Disabilities Act (ADA) - correct answer legislation that guarantees disabled people equal access to employment, as well as access to public places. Angels - correct answer private investors who are willing to supply financing for new/or risky small venture start ups. Bona fide occupational qualification (BFOQ) - correct answer a qualification that is absolutely necessary for the job; it is an allowed and approved reason for discrimination. Break-even analysis - correct answer the point at which total sales revenue equals total operating costs; determined by formula or chart. Business - correct answer an organization that combines inputs of raw materials, capital, labor, and management skills to produce useful outputs of goods and services so as to earn a profit. Business interruption insurance - correct answer insurance that protects companies during period necessary to restore property damaged by an insured peril. Coverage pays for lost income and other expenses related to recovery. Business plan (New venture plan) - correct answer a written description of a new idea that projects marketing, operational, and financial aspects of a proposed business. Business policies - correct answer fundamental statements that serve as guides to management practice. Cash discounts - correct answer 2/10, n/30 2% discount if paid 10 days from date of invoice/net amount must be paid within 30 days of date of invoice. Casualty insurance - correct answer insurance that provides monetary benefits to a business that has experienced an unforeseen peril, such as flood, fire, etc. Census of Business - correct answer source of market data that explains where certain businesses are located.