Business 120 Final Exam || A+ Graded.
The four primary functions of management are correct answers Planning, organizing, leading
and controlling
______ can be produced independently of the consumer and then stored and shipped correct
answers goods
______ refers to computer programs that provide instructions for a computer to execute a
desired task correct answers software
______ refers to the physical components used to collect, store, organize, and process data
and to distribute information correct answers hardware
The Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for
employees working correct answers More than 40 hours a week
______ include compensation such as health insurance, sick leave, and childcare or eldercare
programs offered to an employer's workers correct answers benefits
______ refers to the combination of pay and benefits that employees receive in exchange for
their work correct answers compensation
______ are consumed when and where they are produced and they often require the customer
to be actively involved in their production correct answers services
A ______ measures the ability to pay short-term liabilities as they come due correct answers
liquidity ratio
The majority of businesses today are formed as ______ correct answers sole proprietorships
Stockholders are ______ of a corporation. They have the right to vote on issues affecting the
operation of the business correct answers owners
______ are professionally managed funds that pool the contributions of thousands of
investors correct answers mutual funds
The party in a franchise relationship that pays for the right to use resources supplied by
another business entity is known as the correct answers franchisee
In communication, the term ______ refers to any interference that causes the message
received by the audience to be different from the sender's intended message correct answers
noise
______ are what the firm owes its creditors correct answers liabilities
______ are wealthy individuals who invest in new and growing firms correct answers angel
investors
The four primary functions of management are correct answers Planning, organizing, leading
and controlling
______ can be produced independently of the consumer and then stored and shipped correct
answers goods
______ refers to computer programs that provide instructions for a computer to execute a
desired task correct answers software
______ refers to the physical components used to collect, store, organize, and process data
and to distribute information correct answers hardware
The Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for
employees working correct answers More than 40 hours a week
______ include compensation such as health insurance, sick leave, and childcare or eldercare
programs offered to an employer's workers correct answers benefits
______ refers to the combination of pay and benefits that employees receive in exchange for
their work correct answers compensation
______ are consumed when and where they are produced and they often require the customer
to be actively involved in their production correct answers services
A ______ measures the ability to pay short-term liabilities as they come due correct answers
liquidity ratio
The majority of businesses today are formed as ______ correct answers sole proprietorships
Stockholders are ______ of a corporation. They have the right to vote on issues affecting the
operation of the business correct answers owners
______ are professionally managed funds that pool the contributions of thousands of
investors correct answers mutual funds
The party in a franchise relationship that pays for the right to use resources supplied by
another business entity is known as the correct answers franchisee
In communication, the term ______ refers to any interference that causes the message
received by the audience to be different from the sender's intended message correct answers
noise
______ are what the firm owes its creditors correct answers liabilities
______ are wealthy individuals who invest in new and growing firms correct answers angel
investors
