TN Business and Law Exam Quizzes
With Already Passed Solutions
(2025)Updated.
What shows the activity of duration and sequence of tasks to be completed? - Answer bar
chart
Which financial statement would one find depreciation on? - Answer income statement
Medical treatment can be defined as: - Answer management and care of a patient
Establishing (blank) will ensure that your customer is aware of your progress and of any
concerns that might arise - Answer communication
(blank) is defined as including real estate, lands, tenements, and hereditaments - Answer real
property
This is not a purpose of marketing: - Answer opening a checking account
What is the gross pay of a non exempt employee who works 50 hours during a holiday week,
and receives 8 hours additional pay for the holiday? The employee earns $13.50 per hour -
Answer $850.50
(13.5 x 48 = 648
20.25 x 10 = 202.50
648 = 202.50 = 850.50)
This is not used as a guideline when obtaining a bond... - Answer non experience
Use information from (blank) to help determine accurate job costs - Answer previous jobs
If an employee earns $112,000 per year, what is the TOTAL amount of medicare that both
employer and employee is to pay in? - Answer $3,248
(112,000 x (1.45 x 2) = 3,248)
, An entrepreneur is a - Answer person
(blank) absolves the indemnified party from any payment for losses and damages incurred by a
third party - Answer indemnification
Which Form is used for Tennessee's Foreign Limited Partnership Registration? - Answer SS-
4473
Is insurance a guideline for a job description? - Answer no
An employer is liable to pay both state and federal employment taxes if wages to employees
total (blank) or more in any quarter of a calendar year - Answer $1,500
An independent contractor is usually paid by - Answer flat fee
What is the net income when there is an income of $92,000, expenses of $24,000, and costs of
goods sold is $34,000? - Answer $34,000
If D&K Construction's shareholders wish to limit their liabilities, they should become a - Answer
C Corporation
When starting a business, the first thing one should decide is - Answer the legal structure of
the business
FUTA tax base and tax rate is generally calculated at? - Answer current prevailing rate
Which of the following insurance will protect an organization's officers from liability? - Answer
D and O
Worker's compensation is paid for by the - Answer employer
The following insurance provides coverage when damage has been caused by a flood - Answer
named-peril
With Already Passed Solutions
(2025)Updated.
What shows the activity of duration and sequence of tasks to be completed? - Answer bar
chart
Which financial statement would one find depreciation on? - Answer income statement
Medical treatment can be defined as: - Answer management and care of a patient
Establishing (blank) will ensure that your customer is aware of your progress and of any
concerns that might arise - Answer communication
(blank) is defined as including real estate, lands, tenements, and hereditaments - Answer real
property
This is not a purpose of marketing: - Answer opening a checking account
What is the gross pay of a non exempt employee who works 50 hours during a holiday week,
and receives 8 hours additional pay for the holiday? The employee earns $13.50 per hour -
Answer $850.50
(13.5 x 48 = 648
20.25 x 10 = 202.50
648 = 202.50 = 850.50)
This is not used as a guideline when obtaining a bond... - Answer non experience
Use information from (blank) to help determine accurate job costs - Answer previous jobs
If an employee earns $112,000 per year, what is the TOTAL amount of medicare that both
employer and employee is to pay in? - Answer $3,248
(112,000 x (1.45 x 2) = 3,248)
, An entrepreneur is a - Answer person
(blank) absolves the indemnified party from any payment for losses and damages incurred by a
third party - Answer indemnification
Which Form is used for Tennessee's Foreign Limited Partnership Registration? - Answer SS-
4473
Is insurance a guideline for a job description? - Answer no
An employer is liable to pay both state and federal employment taxes if wages to employees
total (blank) or more in any quarter of a calendar year - Answer $1,500
An independent contractor is usually paid by - Answer flat fee
What is the net income when there is an income of $92,000, expenses of $24,000, and costs of
goods sold is $34,000? - Answer $34,000
If D&K Construction's shareholders wish to limit their liabilities, they should become a - Answer
C Corporation
When starting a business, the first thing one should decide is - Answer the legal structure of
the business
FUTA tax base and tax rate is generally calculated at? - Answer current prevailing rate
Which of the following insurance will protect an organization's officers from liability? - Answer
D and O
Worker's compensation is paid for by the - Answer employer
The following insurance provides coverage when damage has been caused by a flood - Answer
named-peril
