Question 1

Which of the following is the earnings available to equity owners after paying debt and taxes?

Options :

A : EBIT

B : EPS

C : Net income

D : Operating profit

Answer: C

Question 2

Which of the following agencies enforces the FLSA?

Options :

A : National Labor Relations Board

B : Equal Employment Opportunity Commission

C : Office of Federal Contract Compliance Programs

D : Department of Labor

Answer: D

Question 3

What is the most accurate statement regarding forecasting?

Options :

A : It is a precise estimate of what the future holds for the organization.

B : It is done primarily by using historical revenue and expense data.

C : It is done primarily by evaluating market conditions and economic indicators.

D : It uses internal and external factors to help answer questions about business expectations for the future.

Answer: D

Question 4

What information do EEO posters provide to employees?

Options :

A : Various federal minimum wage rules

B : Employee rights under the H-2A Program

C : Laws and procedures for filing complaints

D : Laws and rules for employee polygraph protection

Answer: C

Question 5

What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?

Options :

A : General

B : Cost of living

C : Automatic

D : Merit

Answer: A

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