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BML Final Set 21
Test Description: BML Final set 21
Instructions: Answer all questions to get your test result.
1) If you start a new business, you need information about
A
all of these.
B
competitors.
C
government regulations.
D
customers.
2) Which of these is a way the US government gets involved in business activities?
A
It specifies that certain people can only have certain types of jobs.
B
It owns all of the factors of production.
C
It prohibits unfair business practices.
D
It tells businesses what they can produce and sets prices they can charge customers.
3) Leaders are dependable, which means that they
A
respect the feelings and needs of the people they work with.
B
are able to listen, speak and write effectively.
C
look at all sides of an issue before making a decision.
D
follow through on commitments.
4) The federal government generally performs all of these functions EXCEPT
A
interstate road construction and maintenance
B
regulate international trade
C
regulate interstate trade
D
sets most criminal laws
5) State governments generally perform all of these functions EXCEPT
A
set most criminal laws
B
regulate trade within the state
C
set educational standards
D
fire protection
6) Local governments generally perform all of these functions EXCEPT
A
fire protection
B
National Guard protection
C
police protection
D
maintain some utilities, such as water and sewer
7) Enforceable rules of conduct in a society are called
A
positive laws.
B
statutory laws.
C
common laws.
D
laws.
8) If a long term employee's duties include hiring and training employees but that employee is not a manager, it is likely because
A
(s)he is not responsible for the work of other employees and has no authority over them.
B
(s)he does not make enough money to be a manager.
C
the employee is a woman and only men can be managers.
D
(s)he has not been employed long enough to be a manager.
9) Most employees in US businesses receive
A
monthly salary.
B
commission pay.
C
hourly wages.
D
weekly salary.
10) Location is important for small businesses because
A
all of these.
B
many potential customers will stay away if a business is not easy to find.
C
most retailers need good customer traffic to survive.
D
customers generally do not want to travel long distances to find what they need.
*select an answer for all questions
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