TN Business and Law Exam Quizzes
And Answers||Newest Exam
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What shows the activity of duration and sequence of tasks to be completed? -
CORRECT ANSWER bar chart
Which financial statement would one find depreciation on? -CORRECT ANSWER
income statement
Medical treatment can be defined as: -CORRECT ANSWER management and care of a
patient
Establishing (blank) will ensure that your customer is aware of your progress and of any
concerns that might arise -CORRECT ANSWER communication
(blank) is defined as including real estate, lands, tenements, and hereditaments -
CORRECT ANSWER real property
This is not a purpose of marketing: -CORRECT ANSWER opening a checking account
What is the gross pay of a non exempt employee who works 50 hours during a holiday
week, and receives 8 hours additional pay for the holiday? The employee earns $13.50
per hour -CORRECT ANSWER $850.50
(13.5 x 48 = 648
20.25 x 10 = 202.50
648 = 202.50 = 850.50)
This is not used as a guideline when obtaining a bond... -CORRECT ANSWER non
experience
Use information from (blank) to help determine accurate job costs -CORRECT
ANSWER previous jobs
If an employee earns $112,000 per year, what is the TOTAL amount of medicare that
both employer and employee is to pay in? -CORRECT ANSWER $3,248
(112,000 x (1.45 x 2) = 3,248)
Who pays into FUTA? -CORRECT ANSWER employer
An entrepreneur is a -CORRECT ANSWER person
(blank) absolves the indemnified party from any payment for losses and damages
incurred by a third party -CORRECT ANSWER indemnification
, Which Form is used for Tennessee's Foreign Limited Partnership Registration? -
CORRECT ANSWER SS-4473
Is insurance a guideline for a job description? -CORRECT ANSWER no
An employer is liable to pay both state and federal employment taxes if wages to
employees total (blank) or more in any quarter of a calendar year -CORRECT
ANSWER $1,500
An independent contractor is usually paid by -CORRECT ANSWER flat fee
What is the net income when there is an income of $92,000, expenses of $24,000, and
costs of goods sold is $34,000? -CORRECT ANSWER $34,000
If D&K Construction's shareholders wish to limit their liabilities, they should become a -
CORRECT ANSWER C Corporation
When starting a business, the first thing one should decide is -CORRECT ANSWER the
legal structure of the business
FUTA tax base and tax rate is generally calculated at? -CORRECT ANSWER current
prevailing rate
Which of the following insurance will protect an organization's officers from liability? -
CORRECT ANSWER D and O
Worker's compensation is paid for by the -CORRECT ANSWER employer
The following insurance provides coverage when damage has been caused by a flood -
CORRECT ANSWER named-peril
Bids for the services of a construction manager must contain a bid bond in the amount
of (blank) of the work being bid -CORRECT ANSWER 10%
Of the following, (blank) is not part of project overhead? -CORRECT ANSWER clerical
pay
An employee is generally subject to the business' instructions about all except... -
CORRECT ANSWER right to control
When negotiating, one should -CORRECT ANSWER aim high
A job has direct costs of $198,325, project overhead of 9.2%, company overhead of
13.9%, and a desired profit of 10.7%. What will the correct bid be? -CORRECT
ANSWER $299,584
And Answers||Newest Exam
Upload||Already Graded A+
What shows the activity of duration and sequence of tasks to be completed? -
CORRECT ANSWER bar chart
Which financial statement would one find depreciation on? -CORRECT ANSWER
income statement
Medical treatment can be defined as: -CORRECT ANSWER management and care of a
patient
Establishing (blank) will ensure that your customer is aware of your progress and of any
concerns that might arise -CORRECT ANSWER communication
(blank) is defined as including real estate, lands, tenements, and hereditaments -
CORRECT ANSWER real property
This is not a purpose of marketing: -CORRECT ANSWER opening a checking account
What is the gross pay of a non exempt employee who works 50 hours during a holiday
week, and receives 8 hours additional pay for the holiday? The employee earns $13.50
per hour -CORRECT ANSWER $850.50
(13.5 x 48 = 648
20.25 x 10 = 202.50
648 = 202.50 = 850.50)
This is not used as a guideline when obtaining a bond... -CORRECT ANSWER non
experience
Use information from (blank) to help determine accurate job costs -CORRECT
ANSWER previous jobs
If an employee earns $112,000 per year, what is the TOTAL amount of medicare that
both employer and employee is to pay in? -CORRECT ANSWER $3,248
(112,000 x (1.45 x 2) = 3,248)
Who pays into FUTA? -CORRECT ANSWER employer
An entrepreneur is a -CORRECT ANSWER person
(blank) absolves the indemnified party from any payment for losses and damages
incurred by a third party -CORRECT ANSWER indemnification
, Which Form is used for Tennessee's Foreign Limited Partnership Registration? -
CORRECT ANSWER SS-4473
Is insurance a guideline for a job description? -CORRECT ANSWER no
An employer is liable to pay both state and federal employment taxes if wages to
employees total (blank) or more in any quarter of a calendar year -CORRECT
ANSWER $1,500
An independent contractor is usually paid by -CORRECT ANSWER flat fee
What is the net income when there is an income of $92,000, expenses of $24,000, and
costs of goods sold is $34,000? -CORRECT ANSWER $34,000
If D&K Construction's shareholders wish to limit their liabilities, they should become a -
CORRECT ANSWER C Corporation
When starting a business, the first thing one should decide is -CORRECT ANSWER the
legal structure of the business
FUTA tax base and tax rate is generally calculated at? -CORRECT ANSWER current
prevailing rate
Which of the following insurance will protect an organization's officers from liability? -
CORRECT ANSWER D and O
Worker's compensation is paid for by the -CORRECT ANSWER employer
The following insurance provides coverage when damage has been caused by a flood -
CORRECT ANSWER named-peril
Bids for the services of a construction manager must contain a bid bond in the amount
of (blank) of the work being bid -CORRECT ANSWER 10%
Of the following, (blank) is not part of project overhead? -CORRECT ANSWER clerical
pay
An employee is generally subject to the business' instructions about all except... -
CORRECT ANSWER right to control
When negotiating, one should -CORRECT ANSWER aim high
A job has direct costs of $198,325, project overhead of 9.2%, company overhead of
13.9%, and a desired profit of 10.7%. What will the correct bid be? -CORRECT
ANSWER $299,584
