, Plug-
In B1 Business
m m m
Basics
Truem /mFalsem Questions
1. Humanmresourcesm manag ementm includesm them polic ies,m plans,m andm proceduresmform th
emeffectivem manag em entm ofm employ eesm(humanm resources).
True False
2. Accounting m dealsm w ithm them strateg icm financialm issuesm associatedm w ithm increasing m th
emvaluem ofm them businessm w hilem observing m applicablemlaw sm andm socialm responsibilitie
s.
True False
3. Break-ev enm analysis m ism the m pointm atm w hichm revenues m equalm costs.
True False
4. For-
profitm corporationsm primarilymfocusm onm mak ing m money mand mallm profitsm andmlossesm arem s
haredm bym them businessm ow ners.
True False
5. Amlossmoccursm w henm businessesm sellm productsm or mservicesmformlessm thanm theym costm
tomproduce.
True False
MultiplemChoicemQuestions
6. Whatm occursm w henm businessesm sellm productsm orm serv icesmform morem than m they m costm
tomproduce?
A. Expens
me
B. Profi
mt
C. Los
1-1
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
, ms
D. Revenu
me
1-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
, 7. Whichm ofm themfollow ing m ism notm am ty pem ofm business?
A. Sole
partnership
B. Partnershi
mp
C. Limitedm par
tnership
D. Corporati
mon
8. Which mform mofmbu sin ess mrec om me nd smamleg al mag re em en tmbe tw e en mtw omo rmm
orembu sin ess m part ners m that m outlin es m core m b usines sm issue s?
A. Sole
proprietorship
B. Partnershi
mp
C. Corporati
mon
D. LLC
9. Whatm ism them fundamental m differenc emfoundm inmamlimitedm partnership?
A. Onlymonem partnerm ism responsible mform allmofm t
hempartners hip's mlo sses.
B. Bothm partnersm arem responsiblem form allmofm t
hempartners hip's mlo sses.
C. Bothm partnersm arem protectedm from m being m responsiblemformallm of m t
hempartnership'smlosses.
D. Nonemof
mthese.
10. Partnershipm ag reementsm typ ically m includem all mofm themfollow ing, m ex cept:
A. Expectationsmform sharing m profitsm an
dmlosses.
B. Partner'sm salary
mrequirements.
C. Methodsmformconflict
mresolution.
D. Shareholder'sm ex pec tationsmform am successful
mbusiness.
1-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
In B1 Business
m m m
Basics
Truem /mFalsem Questions
1. Humanmresourcesm manag ementm includesm them polic ies,m plans,m andm proceduresmform th
emeffectivem manag em entm ofm employ eesm(humanm resources).
True False
2. Accounting m dealsm w ithm them strateg icm financialm issuesm associatedm w ithm increasing m th
emvaluem ofm them businessm w hilem observing m applicablemlaw sm andm socialm responsibilitie
s.
True False
3. Break-ev enm analysis m ism the m pointm atm w hichm revenues m equalm costs.
True False
4. For-
profitm corporationsm primarilymfocusm onm mak ing m money mand mallm profitsm andmlossesm arem s
haredm bym them businessm ow ners.
True False
5. Amlossmoccursm w henm businessesm sellm productsm or mservicesmformlessm thanm theym costm
tomproduce.
True False
MultiplemChoicemQuestions
6. Whatm occursm w henm businessesm sellm productsm orm serv icesmform morem than m they m costm
tomproduce?
A. Expens
me
B. Profi
mt
C. Los
1-1
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
, ms
D. Revenu
me
1-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
, 7. Whichm ofm themfollow ing m ism notm am ty pem ofm business?
A. Sole
partnership
B. Partnershi
mp
C. Limitedm par
tnership
D. Corporati
mon
8. Which mform mofmbu sin ess mrec om me nd smamleg al mag re em en tmbe tw e en mtw omo rmm
orembu sin ess m part ners m that m outlin es m core m b usines sm issue s?
A. Sole
proprietorship
B. Partnershi
mp
C. Corporati
mon
D. LLC
9. Whatm ism them fundamental m differenc emfoundm inmamlimitedm partnership?
A. Onlymonem partnerm ism responsible mform allmofm t
hempartners hip's mlo sses.
B. Bothm partnersm arem responsiblem form allmofm t
hempartners hip's mlo sses.
C. Bothm partnersm arem protectedm from m being m responsiblemformallm of m t
hempartnership'smlosses.
D. Nonemof
mthese.
10. Partnershipm ag reementsm typ ically m includem all mofm themfollow ing, m ex cept:
A. Expectationsmform sharing m profitsm an
dmlosses.
B. Partner'sm salary
mrequirements.
C. Methodsmformconflict
mresolution.
D. Shareholder'sm ex pec tationsmform am successful
mbusiness.
1-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
