Question 1

Which government agency is responsible for enforcing employment laws?

Accepted Answer

A) The Fair Labor Standards Commission 
B) The National Labor Relations Board 
C) The Equal Employment Opportunity Commission 
D) The Justice Department 
A) The Fair Labor Standards Commission 
B) The National Labor Relations Board 
C) The Equal Employment Opportunity Commission 
D) The Justice Department

Question 2

As a motivator,money:

Accepted Answer

A) is the best motivator a business owner can use. 
B) is the most effective motivator for younger,"Generation X" workers. 
C) is only a short-term motivator,losing its impact over time. 
D) All of the above 
A) is the best motivator a business owner can use. 
B) is the most effective motivator for younger,"Generation X" workers. 
C) is only a short-term motivator,losing its impact over time. 
D) All of the above

Question 3

Information gathered during a job analysis provides the foundation for creating job descriptions and job specifications.

Accepted Answer

A) True 
 B)False

Question 4

Successful interviewers always listen for these in an interview to see whether it matches the candidate's words.This interviewer is referring to the candidate's:

Accepted Answer

A) work experience. 
B) job-related skills. 
C) nonverbal clues or body language. 
D) nervousness. 
A) work experience. 
B) job-related skills. 
C) nonverbal clues or body language. 
D) nervousness.

Question 5

To enrich employees' jobs,a business owner must build five core characteristics into them: skill variety,task identity,task significance,autonomy,and feedback.

Accepted Answer

A) True 
 B)False

Question 6

A(n)________ attempts to minimize taxes on a family business passed from one generation to the next by creating two classes of stock one for the parents (preferred voting stock),whose value is locked in,and another for the children (nonvoting common stock),whose value reflects the market value of the business.

Accepted Answer

A) grantor-retained annuity trust 
B) estate freeze 
C) bypass trust 
D) buy/sell agreement 
A) grantor-retained annuity trust 
B) estate freeze 
C) bypass trust 
D) buy/sell agreement

Question 7

Leadership gets a small business going; management keeps it going.

Accepted Answer

A) True 
 B)False

Question 8

Because their companies are small,entrepreneurs need not develop the leadership skills managers in larger companies need.

Accepted Answer

A) True 
 B)False

Question 9

Develop a list of interview questions to help Wallace select the right person for the following jobs:
• Head chef
• Wait staff
• Dishwasher
• Host/Hostess

Accepted Answer

The question lists students develop will

Question 10

A job analysis describes the process by which a firm determines the duties and nature of the jobs to be filled and the skills and experience required of the people who are to fill them.

Accepted Answer

A) True 
 B)False

Question 11

If a job candidate files charges of employment discrimination against a company,the burden of proof in the case falls on:

Accepted Answer

A) the employer to prove that all pre-employment questions are job-related and nondiscriminatory. 
B) the candidate to prove that some pre-employment questions and actions were discriminatory. 
C) the Equal Employment Opportunity Commission representing the job candidate in the lawsuit. 
D) None of the above 
A) the employer to prove that all pre-employment questions are job-related and nondiscriminatory. 
B) the candidate to prove that some pre-employment questions and actions were discriminatory. 
C) the Equal Employment Opportunity Commission representing the job candidate in the lawsuit. 
D) None of the above

Question 12

Are job descriptions necessary in a restaurant?

Accepted Answer

Yes,job descriptions form the

Question 13

A job description sets forth a job's duties and responsibilities; a job specification translates these duties into the qualifications needed for that job.

Accepted Answer

A) True 
 B)False

Question 14

One of the best sources for prospects for new positions may come from:

Accepted Answer

A) colleges and universities. 
B) the Internet. 
C) current employees. 
D) employment advertisements. 
A) colleges and universities. 
B) the Internet. 
C) current employees. 
D) employment advertisements.

Question 15

An arrangement under which employees work a normal number of hours with options regarding when they start and stop work is:

Accepted Answer

A) hoteling. 
B) flextime. 
C) job sharing. 
D) flexspace. 
A) hoteling. 
B) flextime. 
C) job sharing. 
D) flexspace.

Question 16

Creating a family limited partnership allows business-owning parents to transfer their company to their children (thus lowering their estate taxes)while still retaining control over it for themselves.

Accepted Answer

A) True 
 B)False

Question 17

Effective interviewers spend about 75 percent of the interview talking and about 25 percent listening.

Accepted Answer

A) True 
 B)False

Question 18

Although a small business manager must assume a wide range of ideas,tasks,and responsibilities,none is more important than the role of leader.

Accepted Answer

A) True 
 B)False

Question 19

When building your management succession "survival kit,"

Accepted Answer

A) never assume your children want to take control of the business. 
B) keep your succession choice a secret to avoid conflict among other family members. 
C) remember that entrepreneurial skills and desire are largely hereditary. 
D) you may assume your children want to take control of the business. 
A) never assume your children want to take control of the business. 
B) keep your succession choice a secret to avoid conflict among other family members. 
C) remember that entrepreneurial skills and desire are largely hereditary. 
D) you may assume your children want to take control of the business.

Question 20

In a grantor-retained annuity trust (GRAT),

Accepted Answer

A) there is an attempt to minimize taxes on a family by creating two classes of stock preferred stock whose value is locked in and common stock whose value reflects the market value of the business. 
B) a business owner can pass on up to $10,000 annually which is exempt from federal gift taxes. 
C) the grantor retains the voting power and interest income from the stock in the trust for up to ten years before the business goes to the beneficiaries. 
D) the surviving owner or heir of a family business has the right to purchase the stock of the deceased owner at a price established by a predetermined formula. 
A) there is an attempt to minimize taxes on a family by creating two classes of stock preferred stock whose value is locked in and common stock whose value reflects the market value of the business. 
B) a business owner can pass on up to $10,000 annually which is exempt from federal gift taxes. 
C) the grantor retains the voting power and interest income from the stock in the trust for up to ten years before the business goes to the beneficiaries. 
D) the surviving owner or heir of a family business has the right to purchase the stock of the deceased owner at a price established by a predetermined formula.

Which government agency is responsible for enforcing employment laws?

As a motivator,money:

Information gathered during a job analysis provides the foundation for creating job descriptions and job specifications.

Successful interviewers always listen for these in an interview to see whether it matches the candidate's words.This interviewer is referring to the candidate's:

To enrich employees' jobs,a business owner must build five core characteristics into them: skill variety,task identity,task significance,autonomy,and feedback.

Leadership gets a small business going; management keeps it going.

Because their companies are small,entrepreneurs need not develop the leadership skills managers in larger companies need.

Develop a list of interview questions to help Wallace select the right person for the following jobs: • Head chef • Wait staff • Dishwasher • Host/Hostess

A job analysis describes the process by which a firm determines the duties and nature of the jobs to be filled and the skills and experience required of the people who are to fill them.

If a job candidate files charges of employment discrimination against a company,the burden of proof in the case falls on:

Are job descriptions necessary in a restaurant?

A job description sets forth a job's duties and responsibilities; a job specification translates these duties into the qualifications needed for that job.

One of the best sources for prospects for new positions may come from:

An arrangement under which employees work a normal number of hours with options regarding when they start and stop work is:

Creating a family limited partnership allows business-owning parents to transfer their company to their children (thus lowering their estate taxes)while still retaining control over it for themselves.

Effective interviewers spend about 75 percent of the interview talking and about 25 percent listening.

Although a small business manager must assume a wide range of ideas,tasks,and responsibilities,none is more important than the role of leader.

When building your management succession "survival kit,"

In a grantor-retained annuity trust (GRAT),

The Foundations of Entrepreneurship

Inside the Entrepreneurial Mind: From Ideas to Reality

Designing a Competitive Business Model and Building a Solid Strategic Plan

Conducting a Feasibility Analysis and Crafting a Winning Business Plan

Forms of Business Ownership

Franchising and the Entrepreneur

Buying an Existing Business

Building a Powerful Marketing Plan

E-Commerce and the Entrepreneur

Pricing Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Sources of Financing: Debt and Equity

Choosing the Right Location and Layout

Global Opportunities

Filters

Exam 16: Building a Team and Management Succession

Which government agency is responsible for enforcing employment laws?

As a motivator,money:

Information gathered during a job analysis provides the foundation for creating job descriptions and job specifications.

Successful interviewers always listen for these in an interview to see whether it matches the candidate's words.This interviewer is referring to the candidate's:

To enrich employees' jobs,a business owner must build five core characteristics into them: skill variety,task identity,task significance,autonomy,and feedback.

Leadership gets a small business going; management keeps it going.

Because their companies are small,entrepreneurs need not develop the leadership skills managers in larger companies need.

Develop a list of interview questions to help Wallace select the right person for the following jobs: • Head chef • Wait staff • Dishwasher • Host/Hostess

A job analysis describes the process by which a firm determines the duties and nature of the jobs to be filled and the skills and experience required of the people who are to fill them.

If a job candidate files charges of employment discrimination against a company,the burden of proof in the case falls on:

Are job descriptions necessary in a restaurant?

A job description sets forth a job's duties and responsibilities; a job specification translates these duties into the qualifications needed for that job.

One of the best sources for prospects for new positions may come from:

An arrangement under which employees work a normal number of hours with options regarding when they start and stop work is:

Creating a family limited partnership allows business-owning parents to transfer their company to their children (thus lowering their estate taxes)while still retaining control over it for themselves.

Effective interviewers spend about 75 percent of the interview talking and about 25 percent listening.

Although a small business manager must assume a wide range of ideas,tasks,and responsibilities,none is more important than the role of leader.

When building your management succession "survival kit,"

In a grantor-retained annuity trust (GRAT),

The Foundations of Entrepreneurship

Inside the Entrepreneurial Mind: From Ideas to Reality

Designing a Competitive Business Model and Building a Solid Strategic Plan

Conducting a Feasibility Analysis and Crafting a Winning Business Plan

Forms of Business Ownership

Franchising and the Entrepreneur

Buying an Existing Business

Building a Powerful Marketing Plan

E-Commerce and the Entrepreneur

Pricing Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Sources of Financing: Debt and Equity

Choosing the Right Location and Layout

Global Opportunities

Filters