Fidelity bonds help to:

Fidelity bonds help to:  A. protect against losses from crimes committed against the business. B. cover losses incurred due to governmental...

___ insurance is normally included in insurance on physical assets.

___ insurance is normally included in insurance on physical assets.  A. Theft B. Credit C. Intellectual property D. Safety Answer:...

The computers at a graphics design company were stolen recently. Which of the following insurance that the company holds will repay the losses incurred?

The computers at a graphics design company were stolen recently. Which of the following insurance that the company holds will repay the losses incurred?  A....

_____ provides funds to pay the ordinary operating expenses of a business should it be forced to close temporarily because of an insured event.

_____ provides funds to pay the ordinary operating expenses of a business should it be forced to close temporarily because of an insured event.  A....

Which of the following is true of co-insurance?

Which of the following is true of co-insurance?  A. It is an amount of loss that is specifically excluded by the insurance contract. B. It...

_____ is a contract requirement that works to prevent property owners from deliberately underinsuring.

_____ is a contract requirement that works to prevent property owners from deliberately underinsuring.  A. Benchmarking B. Co-insurance C....

Crux Inc. and Synapse Inc. are two competing businesses in the same city. They use the services of the same insurance company and have taken the same policy. Crux has a higher deductible than Synapse for the policy. Which of the following statements would be true in this case?

Crux Inc. and Synapse Inc. are two competing businesses in the same city. They use the services of the same insurance company and have taken the same...

A(n) _____ is an amount of loss that is specifically excluded by the insurance contract.

A(n) _____ is an amount of loss that is specifically excluded by the insurance contract.  A. insurable value B. premium C. deductible D....

Which of the following is true of insuring the property of a business?

Which of the following is true of insuring the property of a business?  A. All the value of a property has insurable value. B. The value of...

Insurable value is defined as:

Insurable value is defined as:  A. the amount of an asset for which a company will write an insurance policy. B. the entire value of the property...

____ are used to pay losses that are not covered by other liability insurance.

____ are used to pay losses that are not covered by other liability insurance.  A. Unemployment insurance B. Worker's compensation insurance C....

Which of the following is an example of a special type of liability insurance that covers losses from harm caused during the performance of a profession?

Which of the following is an example of a special type of liability insurance that covers losses from harm caused during the performance of a profession?  A....

Liability insurance protects a business against:

Liability insurance protects a business against:  A. disgruntled former employees filing suites. B. current employees setting up businesses...

Which of the following is true of insurance coverages?

Which of the following is true of insurance coverages?  A. Vehicle liability insurance is mandated by the legislatures of all the states and...

The most common mandatory insurance coverage includes:

The most common mandatory insurance coverage includes:  A. liability for damages caused by vehicle accidents. B. liability for loss of sales...

_____ are contractual provisions of insurance policies that specify what risks the insurance company is assuming.

_____ are contractual provisions of insurance policies that specify what risks the insurance company is assuming.  A. Internal controls B....

Which of the following is a risk specific to dentists and physicians?

Which of the following is a risk specific to dentists and physicians?  A. Business interruption B. Malpractice claims C. Errors and omissions...

The first task to be completed before a comprehensive insurance program for a business can be developed is:

The first task to be completed before a comprehensive insurance program for a business can be developed is:  A. to develop a financial plan. B....

Which of the following is true of insurance?

Which of the following is true of insurance?  A. All risks are insurable. B. An insurance company only charges a fee for large businesses with...

A contract between two or more parties in which one party agrees, for a fee, to assume the risk of another is called _____.

A contract between two or more parties in which one party agrees, for a fee, to assume the risk of another is called _____.  A. coverage B....

Which of the following is true of using internal audits to manage risk?

Which of the following is true of using internal audits to manage risk?  A. Every small business owners conduct internal audits on their own. B....

A(n) _____ is a valuable process that can greatly help an employer with the issues of keeping risks at acceptable levels. It is strictly a management tool which is not provided to outsiders; it can be structured and conducted in any systematic manner the owner finds acceptable.

A(n) _____ is a valuable process that can greatly help an employer with the issues of keeping risks at acceptable levels. It is strictly a management...

Which of the following statements is true regarding the OSHA Act?

Which of the following statements is true regarding the OSHA Act?  A. It covers employees in mining, transportation, and state and local governments. B....

Julia recently set up a factory that manufactures shoes. To ensure that her business complies with the basic OSHA regulations, which of the following steps should she take?

Julia recently set up a factory that manufactures shoes. To ensure that her business complies with the basic OSHA regulations, which of the following...

Which of the following is true of the ADA Technical Assistance Program?

Which of the following is true of the ADA Technical Assistance Program?  A. It provides specific advice to a business concerning how to comply...

Which of the following helps limit risk from violation of tax regulations?

Which of the following helps limit risk from violation of tax regulations?  A. The owner should make payments to creditors by borrowing from...

Which of the following should be undertaken in order to reduce a business's exposure to the risk of violating tax regulations?

Which of the following should be undertaken in order to reduce a business's exposure to the risk of violating tax regulations?  A. Understate...

___ are laws and regulations that specify the requirements of taxation.

___ are laws and regulations that specify the requirements of taxation.  A. Tax charts B. Tax slabs C. Tax codes D. Tax exempts Answer:...

Which of the following should be included in an employee contract for a key employee?

Which of the following should be included in an employee contract for a key employee?  A. Offer rewards for providing adequate termination notice B....

Axion Inc. is a small business started by Robert. As the business grew, he decided to implement new company policies that would ensure that his employees are not encouraged to set up competition against Axion. Which of the following techniques should he adopt to achieve this?

Axion Inc. is a small business started by Robert. As the business grew, he decided to implement new company policies that would ensure that his employees...

The most common form of employee collusion is:

The most common form of employee collusion is:  A. selling trade secrets to competition. B. theft of cash and inventory. C. lying about work...

Jacob often manipulates charges on his travel expenses to indicate higher amounts when he travels for the company he works for. Trent, the accounts manager, accepts fake bills and assists Jacob in deceiving the company. They split the profits made this way. This is an example of theft by:

Jacob often manipulates charges on his travel expenses to indicate higher amounts when he travels for the company he works for. Trent, the accounts...

According to the Wells Report submitted by the Association of Certified Fraud Examiners, what is the number one method for fraud detection?

According to the Wells Report submitted by the Association of Certified Fraud Examiners, what is the number one method for fraud detection?  A....

____ refers to a set of rules and procedures that work to limit the opportunity for employee theft or malfeasance.

____ refers to a set of rules and procedures that work to limit the opportunity for employee theft or malfeasance.  A. Internal audit B. Internal...

____ is the source of the largest amount of employee theft.

____ is the source of the largest amount of employee theft.  A. Employee collusion B. Employee intoxication C. Adverse possession D. Employee...

A type of internal control that separates the physical control of an asset from the person accounting for that asset is called _____.

A type of internal control that separates the physical control of an asset from the person accounting for that asset is called _____.  A. asset-liability B....

Martin, an employee at a boutique store, is required to handle store displays and also ensure that all the sales records tally at the end of each business day. However, he committed fraud by recording fake sales and then keeping the products to himself. Which of the following managerial concepts would have helped the store avoid this deception?

Martin, an employee at a boutique store, is required to handle store displays and also ensure that all the sales records tally at the end of each business...

_____ occurs when the owner of the real property does not enforce property rights and allows a nonowner to use the property as if it were his or her own.

_____ occurs when the owner of the real property does not enforce property rights and allows a nonowner to use the property as if it were his or her...

Which of the following represents the problem with legal protection methods for intellectual property?

Which of the following represents the problem with legal protection methods for intellectual property?  A. There is no governmental agency that...

Which of the following practices should be adopted to ensure that a computer is kept secure?

Which of the following practices should be adopted to ensure that a computer is kept secure?  A. Writing down all your passwords where it's...

____ are programs designed to report on a user's keystrokes or data, or give remote control of a PC to others.

____ are programs designed to report on a user's keystrokes or data, or give remote control of a PC to others.  A. Hubs B. Firewalls C. Viruses D....

____ are programs or pieces of equipment which serve as a barrier between a PC and the Internet.

____ are programs or pieces of equipment which serve as a barrier between a PC and the Internet.  A. Ethernets B. Firewalls C. Hubs D. Spywares Answer:...

Which of the following helps manage risks to physical assets of a business?

Which of the following helps manage risks to physical assets of a business?  A. Employees should be allowed easy access of physical assets to...

Ted's business, situated near the Missouri River, was partially destroyed when the river overflowed after a deluge. Which of the following measures would've helped Ted minimize the effect of the flood from interrupting the operations of his business?

Ted's business, situated near the Missouri River, was partially destroyed when the river overflowed after a deluge. Which of the following measures...

Which of the following steps would help decrease business risks?

Which of the following steps would help decrease business risks?  A. Making specific plans for and arrangements to deal with foreseeable events B....

Restaurants, clothing retailers, barbers, and beauticians face relatively low risks of loss from nonpayment because:

Restaurants, clothing retailers, barbers, and beauticians face relatively low risks of loss from nonpayment because:  A. most customers prefer...

Which of the following is true of offering direct credit to customers?

Which of the following is true of offering direct credit to customers?  A. It discredits the business's reputation. B. It always decreases...

Payment for injury or damage that occurs during the use of a business's products is referred to as _____.

Payment for injury or damage that occurs during the use of a business's products is referred to as _____.  A. product liability B. professional...

The risk from customers primarily arises from:

The risk from customers primarily arises from:  A. injuries suffered while on business property. B. high prices of the products or services. C....

The _____ is a series of acts by Congress that prohibit discrimination on the basis of race, color, religion, sex, or national origin.

The _____ is a series of acts by Congress that prohibit discrimination on the basis of race, color, religion, sex, or national origin.  A. Civil...

Which of the following acts provide training for workers who are injured on the job?

Which of the following acts provide training for workers who are injured on the job?  A. The Age Discrimination in Employment Act of 1967 B....

The Age Discrimination in Employment Act makes it illegal to:

The Age Discrimination in Employment Act makes it illegal to:  A. discriminate against people who are older than 40 years of age. B. employ...

Ted, a 46-year-old IT professional, recently attended a job interview at Acton Org. He was not offered the job. Ted tried to find the reasons for his disqualification and the company could not provide a satisfactory explanation. He later learned that he was refused the job due to his age as the job position was offered to a 23-year-old who had just graduated from college. Which of the following laws protect Ted from such discriminations?

Ted, a 46-year-old IT professional, recently attended a job interview at Acton Org. He was not offered the job. Ted tried to find the reasons for his...

Which of the following is a protected class established by the EEOC?

Which of the following is a protected class established by the EEOC?  A. Age B. Sex C. Marital status D. Political affiliation Answer:...

States of being that are expressly prohibited from suffering discrimination are called _____.

States of being that are expressly prohibited from suffering discrimination are called _____.  A. vulnerable groups B. endangered sections C....

Which one of the following government agencies were created to enforce safety in the workplace?

Which one of the following government agencies were created to enforce safety in the workplace?  A. EEOC B. OSHA C. SBA D. IRS Answer:...

____ refers to laws and governmental rules that limit the freedom of business owners to manage their businesses as they please.

____ refers to laws and governmental rules that limit the freedom of business owners to manage their businesses as they please.  A. Employee...

The most common form of _____ is the pilfering of items of small value, such as office supplies and small hand tools, or actions such as making copies for their children to use at school or otherwise using company resources to make personal items.

The most common form of _____ is the pilfering of items of small value, such as office supplies and small hand tools, or actions such as making copies...

Misappropriation of business property by employees of that business is referred to as:

Misappropriation of business property by employees of that business is referred to as:  A. employee branding. B. employee theft. C. employee...

The level of probability that the future economic state of the business will be worse than expected is referred to as _____.

The level of probability that the future economic state of the business will be worse than expected is referred to as _____.  A. business risk B....