ENT 2113 EXAMS SCRIPT 2025/2026 QUESTIONS AND
SOLUTION RATED A+
✔✔unemployment compensation - ✔✔employees who are compensated for some
period of time when they are fired through no fault of their own
✔✔salary - ✔✔a set amount of compensation for a given period of time
✔✔Profit sharing - ✔✔a person is paid a small salary as well as a percentage of the
profits at the end of the year
✔✔Occupational Safety and Health Administration (OSHA) - ✔✔charged with protecting
health of workers
✔✔hybrid compensation system - ✔✔a person is paid a salary along with commision
✔✔human resources - ✔✔quantity and quality of human effort directed towards
producing goods and services
✔✔Fair Labor Standards Act (FLSA) - ✔✔established a minimum wage
✔✔equity theory - ✔✔we all judge how we are being treated relative to how others are
being treated
✔✔bonus - ✔✔reward offered to employees based on their performance
✔✔commission - ✔✔payment of some percentage of sales associated with
compensation of sales representative
✔✔venture capital fund - ✔✔a fund that is organized to make significant equity
investments in high-growth new ventures
✔✔supplier credit - ✔✔another form of non-equity funding, suppliers often provide credit
on both physical assets and the actual supplies offered
✔✔shrinkage - ✔✔difference between what has paid and what was actually brought into
the business
✔✔Profit and Loss Statement (P&L) - ✔✔a financial statement that summarizes the
revenues, costs, and expenses that incurred during a specific period of time
✔✔loan - ✔✔a thing that is borrowed, especially a sum of money that is expected to be
paid back with interest.
SOLUTION RATED A+
✔✔unemployment compensation - ✔✔employees who are compensated for some
period of time when they are fired through no fault of their own
✔✔salary - ✔✔a set amount of compensation for a given period of time
✔✔Profit sharing - ✔✔a person is paid a small salary as well as a percentage of the
profits at the end of the year
✔✔Occupational Safety and Health Administration (OSHA) - ✔✔charged with protecting
health of workers
✔✔hybrid compensation system - ✔✔a person is paid a salary along with commision
✔✔human resources - ✔✔quantity and quality of human effort directed towards
producing goods and services
✔✔Fair Labor Standards Act (FLSA) - ✔✔established a minimum wage
✔✔equity theory - ✔✔we all judge how we are being treated relative to how others are
being treated
✔✔bonus - ✔✔reward offered to employees based on their performance
✔✔commission - ✔✔payment of some percentage of sales associated with
compensation of sales representative
✔✔venture capital fund - ✔✔a fund that is organized to make significant equity
investments in high-growth new ventures
✔✔supplier credit - ✔✔another form of non-equity funding, suppliers often provide credit
on both physical assets and the actual supplies offered
✔✔shrinkage - ✔✔difference between what has paid and what was actually brought into
the business
✔✔Profit and Loss Statement (P&L) - ✔✔a financial statement that summarizes the
revenues, costs, and expenses that incurred during a specific period of time
✔✔loan - ✔✔a thing that is borrowed, especially a sum of money that is expected to be
paid back with interest.
