TN BUSINESS AND LAW EXAM QUIZZES 2025 WITH CORRECT ANSWERS_GRADED A+.

TN BUSINESS AND LAW EXAM QUIZZES
2025 WITH CORRECT
ANSWERS_GRADED A+




What shows the activity of duration and sequence of tasks to be completed? - correct answers bar chart
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Which financial statement would one find depreciation on? - correct answers income statement
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Medical treatment can be defined as: - correct answers management and care of a patient
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Establishing (blank) will ensure that your customer is aware of your progress and of any concerns that might
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arise - correct answers communication
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(blank) is defined as including real estate, lands, tenements, and hereditaments - correct answers real
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property



This is not a purpose of marketing: - correct answers opening a checking account
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,What is the gross pay of a non exempt employee who works 50 hours during a holiday week, and receives 8
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hours additional pay for the holiday? The employee earns $13.50 per hour - correct answers $850.50
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(13.5 x 48 = 648 l l l l




20.25 x 10 = 202.50 l l l l




648 = 202.50 = 850.50)
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This is not used as a guideline when obtaining a bond... - correct answers non experience
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Use information from (blank) to help determine accurate job costs - correct answers previous jobs
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If an employee earns $112,000 per year, what is the TOTAL amount of medicare that both employer and
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employee is to pay in? - correct answers $3,248 l l l l l l l l




(112,000 x (1.45 x 2) = 3,248) l l l l l l




Who pays into FUTA? - correct answers employer
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An entrepreneur is a - correct answers person
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(blank) absolves the indemnified party from any payment for losses and damages incurred by a third party -
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correct answers indemnification l l




Which Form is used for Tennessee's Foreign Limited Partnership Registration? - correct answers SS-4473
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Is insurance a guideline for a job description? - correct answers no
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An employer is liable to pay both state and federal employment taxes if wages to employees total (blank) or
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more in any quarter of a calendar year - correct answers $1,500
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An independent contractor is usually paid by - correct answers flat fee
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, What is the net income when there is an income of $92,000, expenses of $24,000, and costs of goods sold is
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$34,000? - correct answers $34,000 l l l l




If D&K Construction's shareholders wish to limit their liabilities, they should become a - correct answers C
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Corporation



When starting a business, the first thing one should decide is - correct answers the legal structure of the
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business



FUTA tax base and tax rate is generally calculated at? - correct answers current prevailing rate
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Which of the following insurance will protect an organization's officers from liability? - correct answers D and O
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Worker's compensation is paid for by the - correct answers employer l l l l l l l l l l




The following insurance provides coverage when damage has been caused by a flood - correct answers named-
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peril



Bids for the services of a construction manager must contain a bid bond in the amount of (blank) of the work
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being bid - correct answers 10% l l l l l




Of the following, (blank) is not part of project overhead? - correct answers clerical pay
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An employee is generally subject to the business' instructions about all except... - correct answers right to
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control



When negotiating, one should - correct answers aim high
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A job has direct costs of $198,325, project overhead of 9.2%, company overhead of 13.9%, and a desired profit
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of 10.7%. What will the correct bid be? - correct answers $299,584
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(9.2 + 13.9 + 10.7 = 33.8%.
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