Ch 32

Question 1

What federal agency requires that the ingredients of cosmetic preparations be available to employees?

a. FDA
b. MSDS
c. FBI
d. OSHA

Answer 1

d. OSHA

Question 2

A stockholder of a corporation is required to pay unemployment insurance taxes on his/her _____.

a. investments
b. merchandise
c. salary
d. profits

Answer 2

c. salary

Question 3

Which section of a business plan includes a long-term picture of what the business is to become and what it will look like when it gets there?

a. Mission statement
b. Vision statement
c. Goals and objectives
d. Organizational plan

Answer 3

b. Vision statement

Question 4

Which section of the business plan describes the administrative structure of the business?

a. Mission statement
b. Vision statement
c. Goals and objectives
d. Organizational plan

Answer 4

d. Organizational plan

Question 5

In order to have a successful business, a top priority in the allotment of funds is to _____.

a. develop an image
b. interview potential employees
c. meet payroll obligations
d. keep accurate inventory

Answer 5

c. meet payroll obligations