1) The government plays a very active role in the governance of the labour relationship in
order to help achieve a balance between
a. the “efficiency” concerns of business, and the ‘equity’ concerns of workers
b. the “effectiveness” concerns of business, and the ‘efficiency’ concerns of workers
c. the “equity” concerns of business, and the ‘efficiency’ concerns of workers
d. the goals of unions and the goals of management
e. the goals of employment and the goals of profit
Answer: a
Diff: 1
Type: MC
Page Reference: 49
Skill: recall
Objective: LO4
2) A central means by which wealth is distributed in a capitalist economy.
a. Employment
b. Pay
c. Work
d. Management
e. Unions
Answer: a
Diff: 1
Type: MC
Page Reference: 49
Skill: recall
Objective: LO1
3) An employment contract involves all of the following except:
a. It sets out specific rules & obligations
b. It is usually enforceable in a court of law
c. It is applicable to the employer and employee
d. It governs the employment relationship
e. It requires the establishment of a union
Test Bank for Karakowsky and Guriel, The Context of Business, 1e
Copyright © 2015 Pearson Canada Inc. 1
, Answer: e
Diff: 2
Type: MC
Page Reference: 49
Skill: both
Objective: LO1
4) Which of the following are considered employees?:
a. independent contractors
b. self-employed
c. accounting staff
d. partners
e. volunteers
Answer: c
Diff: 1
Type: MC
Page Reference: 49-52
Skill: both
Objective: LO1
5) All of the following factors distinguish an “employee” from an “independent
contractor” except:
a. Degree of Control
b. Coming on time to do the work
c. Degree of Economic Risk
d. Degree to which the worker performs an essential service for an organization.
e. Degree to which the organization provides the necessary tools
Answer: b
Diff: 2
Type: MC
Page Reference: 52
Skill: recall
Objective: LO1
Test Bank for Karakowsky and Guriel, The Context of Business, 1e
Copyright © 2015 Pearson Canada Inc. 2
order to help achieve a balance between
a. the “efficiency” concerns of business, and the ‘equity’ concerns of workers
b. the “effectiveness” concerns of business, and the ‘efficiency’ concerns of workers
c. the “equity” concerns of business, and the ‘efficiency’ concerns of workers
d. the goals of unions and the goals of management
e. the goals of employment and the goals of profit
Answer: a
Diff: 1
Type: MC
Page Reference: 49
Skill: recall
Objective: LO4
2) A central means by which wealth is distributed in a capitalist economy.
a. Employment
b. Pay
c. Work
d. Management
e. Unions
Answer: a
Diff: 1
Type: MC
Page Reference: 49
Skill: recall
Objective: LO1
3) An employment contract involves all of the following except:
a. It sets out specific rules & obligations
b. It is usually enforceable in a court of law
c. It is applicable to the employer and employee
d. It governs the employment relationship
e. It requires the establishment of a union
Test Bank for Karakowsky and Guriel, The Context of Business, 1e
Copyright © 2015 Pearson Canada Inc. 1
, Answer: e
Diff: 2
Type: MC
Page Reference: 49
Skill: both
Objective: LO1
4) Which of the following are considered employees?:
a. independent contractors
b. self-employed
c. accounting staff
d. partners
e. volunteers
Answer: c
Diff: 1
Type: MC
Page Reference: 49-52
Skill: both
Objective: LO1
5) All of the following factors distinguish an “employee” from an “independent
contractor” except:
a. Degree of Control
b. Coming on time to do the work
c. Degree of Economic Risk
d. Degree to which the worker performs an essential service for an organization.
e. Degree to which the organization provides the necessary tools
Answer: b
Diff: 2
Type: MC
Page Reference: 52
Skill: recall
Objective: LO1
Test Bank for Karakowsky and Guriel, The Context of Business, 1e
Copyright © 2015 Pearson Canada Inc. 2
