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KOSSA Prep One
Terms in this set (42)
One of your co-workers has been sharing confidential information with others outside the company. If you are unsure of the company rules relating to this, you should
refer to the company policy manual
What outline/rubric should you use when developing personal or career goals?
What congressional act established federal funding for vocational agriculture classes?
If the supervisor on duty gives you a task you do not understand, you should
ask your supervisor for further clarification
Which of the following programs would you use to create a multi-media presentation to a group?
What general communication skills are most employers looking for in their employees?
Effective speaking, listening, reading and writing skills
Which of the following subjects is illegal for a potential employer to ask during the hiring process?
If you have a disability
You borrowed $4500 at 9.5% for 6 years, what amount would you pay in interest?
Anything that hinders communication is called what?
After you read an office memo that is confidential, you should
not discuss it with anyone
The way that a receiver responds to a message that helps the sender know if the message was understood is called what?
Which of the following is not considered an important skill for the workplace?
Ability to work independently and never work with anyone
If a job pays $8 per hour for 40 hours per week, your gross pay for that week would be
Assigning tasks to team members based on their strengths or talents is
A company purchased 85 tablets computers at $399 each. Estimate the amount of the purchase
When preparing a resume, what part of the resume should be at the top?
What type of problem solving method involved suggesting many alternatives without any evaluation?
Any method of communication that reaches a great many people in large scale is defined as what?
An SAE is an example of which education model?
How much water would you add to 2.5 gallons of bleach to make a 10% bleach solution?
Which of the following reports assets, liabilities and owner's equity on a specific date?
Upon being hired, your employer will have you complete Form I-4 and K-4. These forms will assist your employer in being able to
calculate the amount of your state and federal tax for each payroll period
When preparing financial statements, you notice that the component percentage for gross profit on sales is 32.7%. Out of the following choices, which is the best interpretation?
Out of every dollar of sales, 32.7% is gross profit.
You are employed earning $9.50 per hour and during one week you worked 35 hours and the second week you worked 32 hours. Upon being hired, you wrote EXEMPT on your I-4 and K-4, the FICA rate is 7.65%, you have $25 per pay period put into a mutual fund and pay $4 a pay period for union dues. What is your GROSS PAY and your NET PAY for this pay period?
$636.50 and $558.81
According to Federal Tax Law, employers are required to furnish each of their employees with an annual statement (W-2) of earnings and withholding amounts by
January 31 of the following year
Corporations publish annual reports for interested parties. These annual reports contain a multitude of information about the company usually contained in two sections: 1. Management's Analysis and Discussion and 2. Financial Statements. Of the following which is NOT found in the Financial Statements section?
Corporate annual reports contain items required by GAAP and the Securities and Exchange Commission. In which of the sections below would there be an independent report that gives the reader confidence to use the financial statements to make business decisions?
Out of the following, which would be classified as "plant assets"?
Computers, display cases, trucks, POS terminals
A company has revenue of $300,000, gross profit $200,000 and expenses of $40,000. The component percentage for net income is
Financial Management is
the ability of a company to grow in all segments of a business.
Which of the following are capital assets?
the ability of a firm to meet its short-financial obligations
A check hold is
the number of days that banks can legally hold a customer's funds after depositing a check
The federal Deposit Insurance Corporation (FDIC) insures all of the following except
Calculate the simple interest on $2500 at 7% interest for 5 years
Calculate the compound interest on $1000 at 5% interest for 2 years
The ability to differentiate facts from opinion is
A deposit that earns a fixed interest rate for a specific length of time is
certificate of deposit (CD)
Which of the following positions can a person be hired for with only a high school diploma or GED?
Increasing the number of part-time workers during the holiday season is an example of
matching supply and demand
The use of an assembly line is an example of
Corporations have advantages over other types of business ownership due to the ability to
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