Business Management Fall Final Exam Review 5: Question Preview (ID: 12135)


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The kind of business that would make a good partnership is:
a) A business that offers more than one good or service b) Businesses that operate more than 8 hours per day c) A lawyers office d) All of the above
A business plan:
a) Is only needed when a lender requires it b) Must be done c) Is vital to a company’s success d) Is a waste of time
A government agency create to regulate business is:
a) Food and Drug Administration b) Securities and Exchange Commission c) Nuclear Regulatory Commission d) None of these
Consequences of filing bankruptcy are:
a) Bad credit rating b) Won’t be able to get a mortgage c) Can re-file in 4 years d) Business will close
Regulations that protect businesses are:
a) FTC, SEC, and the Federal Aviation Administration b) Patents, copyrights, and trademarks c) Monopoly and Trade Infringement Protection d) All of these
The government protects the public in two categories:
a) Trademarks and copyrights b) Food and Drugs and Non-Food Products c) Automobiles and Housing d) All of these
A consequence of mishandling information could be:
a) Lawsuit b) Ruining your credit c) People mad at you d) All of these
3 Types of State and Local Regulations are:
a) Taxes, Building Codes, and Zoning b) Interstate, Intrastate, and Extrastate c) Trademarks, Copyrights, and Patents d) None of these
A regressive tax is:
a) Based on the ability to pay b) The actual tax rate decreases as the taxable amount increases c) Tax on profits of business and earning of individuals d) A sales tax that applies to only selected goods and services
Property tax is:
a) A tax on material goods owned b) A tax levied on the retail price of goods and services at the time they are sold c) Based on the ability to pay d) None of these
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