| A | B |
|---|
| Business Plan | What is a written document that describes all the steps necessary in opening and operating a successful business. |
| False | True or False. A business plan will NOT help you get a loan. |
| True | True or False. A business plan describes the background and experience of the people running the business |
| Title, Duties & Responsibilities | What 3 things should be included in a job description? |
| College placement Centers | Who collects information on career and employment opportunities for students |
| Wages, Salaries, Bonus, Commission | What are 4 ways that you can pay your employees? |
| Benefits | What are employment rewards for service in addition to salary |
| Vacation Time, Sick Leave, Insurance, Pension Plan | What are 4 examples of employee benefits? |
| Pension Plan | What is a savings plan for money you will use when you retire |
| Pay them well, Treat them fairly, Recognize them for the work they do | What are some ways to motivate your employees? |
| Recruiting | What are you doing when you are looking for people to hire. |
| Interns | Students who will work for little or no pay in order to gain experience in a particular field |
| Wages | Payments for labor or services that are made on an hourly, daily or per-unit basis |
| Salaries | payments for labor or services performed on an annual basis |
| Bonus | A financial reward in addition to a regular wage or salary |
| Commission | A percentage of a sale paid to a salesperson |
| Antitrust Laws | bans types of business activities that do not promote competition |
| Sherman Act | Makes it illegal for competitors to get together and set prices on the products or services they sell |
| Robinson-Patman Act | makes it illegal to charge different prices to different groups |
| Wheeler-Lea Act | bans unfair or deceptive actions or practices by businesses (Such as False Advertising) |
| Equal Employment Act | bans discrimination against employees based on age, race, color, national origin, or religion or gender |
| Americans with Disabilities Act | bands discrimination against employees based on disabilities |
| Contract | a legally binding agreement between two or more people |
| Agreement, Consideration, Capacity and legality. | For a contact to be legally binding, what 4 elements must it contain? |
| Business Ethics | the application of the principles of right and wrong to issues that come up in the workplace |
| Only worried about making a profit | What is the biggest reason people make unethical decisions in business? |
