BML Final Set 13 Question Preview (ID: 9552)


BML Final Set 13. TEACHERS: click here for quick copy question ID numbers.

Take-home pay is
a) the amount of your paycheck before taxes and other payroll deductions.
b) your wages or salary plus the value of your benefits.
c) the amount of money left from your wages or salary after taxes and other payroll deductions.
d) the amount of money you have left after paying your monthly expenses.

Once a business plan is written
a) it should never be revised.
b) it should be revised and updated monthly.
c) it should be ignored.
d) it may be revised or updated periodically.

Which of these is NOT usually true of an earnings report?
a) It is generally included with a paycheck.
b) It includes information for the current pay period.
c) it includes financial information about the company.
d) It includes cumulative amounts for the year.

Which of these is paid solely by an employee?
a) income tax
b) unemployment tax
c) Social Security tax
d) Medicare tax

Which of these is paid solely by an employer?
a) income tax
b) unemployment tax
c) Social Security tax
d) Medicare tax

Which of these is NOT a part of FICA?
a) Social Security
b) Medicare
c) Medicaid
d) all of these are part of FICA

To which of these do employees and employers both contribute?
a) FICA tax
b) income tax
c) unemployment tax
d) welfare tax

Energy and environmental management are responsibilities of the
a) logistics manager.
b) facilities manager.
c) scheduling manager.
d) information technology manager.

Which of these is NOT a result of having too many products in inventory?
a) increased storage costs
b) missed sales
c) risk that products will become outdated before being sold
d) increased risk that products will be lost or damaged before being sold

Generally speaking,
a) several manufacturers are part of the process needed to produce goods purchased by consumers or other businesses.
b) only one manufacturer is part of the process needed to produce goods purchased by consumers or other businesses.
c) competitors work together to produce goods purchased by consumers or other businesses.
d) businesses never work together to produce goods purchased by consumers or other businesses.

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