Exam (elaborations)
FBLA Introduction to Business Procedures Exam|30 Questions and Answers
FBLA Introduction to Business Procedures Exam|30 Questions and Answers
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FBLA Introduction to Business ProceduresExam|30 Questions and Answers
1.True or False? The concept that the boss does the thinking and the
employee does the work is outdated. - -True
- 2. True or False? The need for effective management decreases as the
business expands. - -False
- 3. True or False? Consumerism is built of the philosophy of "Let the buyer
beware." - -False
- 4. True or False? An informal group can help or hinder the proper
functioning of a business. - -True
- 5. True or False? Consumerism is an organized movement of citizens and
government agencies to improve the rights and power of sellers in relations
to buyers. - -False
- 6. True or False? A sole proprietorship is a business owned and operated
by a board of directors. - -False
- 7. True or False? As a rule, for cerificates of deposit the rate of interest
your money earns is higher if you agree to keep your money on deposit for a
long period of time. - -True
- 8. True or False? The free enterprise system is a command economic
system. - -False
- 9. True or False? The Fair Labor Standards Act does not require businesses
to give its employees sick leave or paid vacations. - -True
- 10. True or False? There are restictions on the owner's personal liability in
a sole proprietorship. - -False
- 11. True or False? The death of a majority stockholder of a corporation
results in the dissolution of the corporation. - -False
- 12. True or False? Liability law has had an impact on business by requiting
them to place warming labels on products. - -True
- 13. True or False? One of the disadvantages of the corporate form of
ownership is the limited liability of its owners. - -False
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