BUSINESS MANAGEMENT AND ADMINISTRATION CLUSTER EXAM

1. One of the main functions of the legal procedure is to A. establish laws. B. enact legislation. C. resolve disputes. D. dissolve businesses. - correct answer C 2. Marsha wants to invest her savings in a business. However, she wants to protect all of her personal assets. Which type of business ownership would be most appropriate for Marsha? A. Sole proprietorship B. Franchise C. Partnership D. Corporation - correct answer D 3. Which of the following statements regarding company policies is true: A. Company policies identify general company rules. B. Company policies and procedures are the same thing. C. Company policies describe emergency measures. D. Company policies identify very specific employee actions. - correct answer A 4. Before an individual can follow verbal directions, s/he must first be ready to A. listen. B. write. C. speak. D. understand. - correct answer A