A health insurance plan is:
A) a form of non-monetary compensation.
B) a form of monetary compensation.
C) a form of profit sharing.
D) usually not viewed as being part of one's total compensation.
E) a form of commission.
Question 2 - Which of the following would reflect the cost of acquiring a new company?
A) Sales budget
B) Capital budget
C) Operating budget
D) Income statement
E) Balance sheet
Question 3 - Fred Saunders receives 61,000 a year as a manager. This type of compensation is called:
A) salary.
B) bonus.
C) shift premium.
D) benefits.
E) time wage.
Question 4 - Todd develops a plan for obtaining and using the money necessary for his company to implement its goals. This is called a(n):
A) credit policy.
B) financing agreement.
C) capital budget.
D) financial plan.
E) operational plan.
Question 5 - A type of compensation that is some percentage of sales revenue is:
A) an hourly wage.
B) a bonus.
C) profit sharing.
D) a commission.
E) salary.
Question 6 - Abbott Laboratories, a worldwide health care company, looks to invest 50 million in new technologies for diagnostic instrument systems. This investment into research and development would appear on Abbot's:
A) cash budget.
B) capital budget.
C) specific goal budget.
D) operating budget.
E) zero-balance budget.
Question 7 - The process of determining the relative worth of various jobs in a firm is called:
A) a benefits plan.
B) wage structure.
C) job description.
D) job specification.
E) job evaluation.
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