Question 1

Which one of the following should be included in a compensation guide for managers?

Options :

A : Information on common management processes

B : The consequences of various disciplinary measures

C : Individual salary rates of employees in their department

Answer: A

Question 2

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 3

What do profits, equity and debt all have in common?

Options :

A : They are all reported on the balance sheet.

B : They are all sources of capital.

C : They all incur the same costs to the business.

D : Nothing. Each of these is a different financial metric.

Answer: B

Question 4

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 5

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

Free C1 Mock Exam – Practice Online Confidently