Business Management Spring Teks Review

Test Description: This review will assist with preparing for the spring Teks test for Businesss Management

Instructions: Answer all questions to get your test result.

1) The international organization that creates and enforces the rules governing trade among countries?

2) The North American Free Trade Agreement (NAFTA) is a free-trade agreement between?

3) _____________ is the selling of goods in a foreign market at a price lower than cost or below what it charges in the home market.

4) An American dollar is equal to 80 Japanese yen. A camera made in Japan for 8,000 yen would sell in the United States for ____________ dollars.

5) Business activities that occur between two or more countries

6) Government plays a role in equal opportunity for employment by passing laws that protect workers and guide employers. A few of these laws are: Civil Rights Act, Equal Pay Act, and _____________.

7) Which of the following is NOT provided protection from employment discrimination by federal law?

8) Which is NOT an example of external recruitment of employees:

9) The first step in processing applicants for a job is:

10) The extent to which people enter and leave employment in a business during a year is known as:

11) Minimum wage was established by the:

12) Which of the following is not characteristic of entrepreneurs?

13) Businesses that buy products from businesses and sell them to other businesses are called

14) 17. Your employee is compensated on a commission basis. He makes 4% commission on his sales up to $75,000 and 6% of his sales over 75,001. Your employee sold $88,000 last month. How much do you owe him in commission?

15) Which performance plan pays employees a fixed rate for each unit produced?

16) A company would use _______ and _______ research when developing new product ideas.

17) Any form of paid promotion that delivers a message to many people at the same time is called

18) A theory that states that to gain a trade advantage in a global market a country should specialize in products or services that it can provide more efficiently than other countries is called:


*select an answer for all questions

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