Business Praxis 5101 Questions and Answers Already Passed

Business Praxis 5101 Questions and Answers Already Passed Setting up a face-to-face meeting with the colleague and discussing the problem An employee is concerned about the conduct of a colleague. Which of the following is the most appropriate way for the employee to address the matter? Probate court 3. Melinda's mother left a detailed will describing her wishes regarding the division of her real and personal property. Which of the following courts will administer the will and estate? Municipal court Traffic infractions Circuit court several common law jurisdictions Federal district court civil and criminal cases Graciously accept the blame for not making her message clear Erica is talking with a business person who is a native Chinese speaker. She uses simple English and omits puns but her listener misunderstand her message. Erica should Coupons in the local weekly newspaper A local game store is trying to attract member of the Gen Y. Which of the following promotional approaches will primarily get the attention of Gen Y consumers? Memo Sarah wants to thank her boss for allowing her to attend a business-related seminar and then share what she learned from the seminar. Which of the following is the most appropriate form of communication for Sarah to use? A corporation is a legal entity that is separate and distinct from its owners. Which of the following types of business ownership is a legal entity that is chartered by state and separate from its owners? joint venture is a business entity created by two or more parties, generally characterised by shared ownership, shared returns and risks, and shared governance. partnership a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business. sole proprietorship the simplest business form under which one can operate a business. not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. The US Treasury is NOT a depository institution? To protect its consumers and industries a primary reason a country might use import tariffs, quotas, or licensing requirements Questioning coworkers during a lunch break most closely represents and example of using the grapevine to get information about a company policy change? Blog Collaborators leave only comments to be viewed (Wiki or Blog) WIKI The organisation of the site is a hyperlinked collection of individual pages (Wiki or Blog) Both The site incorporates a type of social software that facilitates individuals' collective desire to achieve goals as a group (Wiki or Blog) Limited partners Two business people invested $300000 each in the same new venture and have listed themselves as non-decision makers in the partnership agreement. Which of the following roles do they have in the new venture Shareholders an owner of shares in a company. Stakeholders can affect or be affected by the organisation's actions, objectives and policies. creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. General partners a person who joins with at least one other person to form a business. responsibility for the actions of the business, can legally bind the business and is personally liable for all the business's debts and obligations. Periodic rate actual rate of interest received on a savings account Annual rate corresponding sometimes to a nominal APR and sometimes to an effective APR (or EAPR), describes the interest rate for a whole year (annualised), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. Effective rate the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest payable in arrears. Nominal rate is the rate quoted in loan and deposit agreements