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4. 1 ____________________ are individuals who take the risk of starting, owning, and operating a business. Entrepreneurs Click here for answer back

5. 2 ___________________________ are the employees who work for an organization. back Click here for answer Human resources

6. 3 A(n) _____________________________allows employees to pick and choose from various benefit options to best meet their needs. back Click here for answer cafeteria plan

7. 4 Why do some companies have a probationary period for new employees. back Click here for answer The probationary period gives the company time to determine if the employee is a good fit for the company.

8. 1 The __________________________ is a formal, written document that provides the details for a proposed new business. back Click here for answer Business Plan

9. 2 ______________________________ is the study of a specific job to identify the duties and skill requirements of the job. back Click here for answer Job analysis

10. 3 ______________________________ occurs when a performer or fan dives from the stage into the crowd. back Click here for answer Stage diving

11. 4 Why are some Americans unhappy about outsourcing of jobs. back Click here for answer Some people believe that outsourced jobs are being taken away from American workers.

12. 1 The __________________________ of the business plan describes in brief the entrepreneur’s business idea. back Click here for answer executive summary

13. 2 ______________________________ is the study of a specific job to identify the duties and skill requirements of the job. back Click here for answer Job Analysis

14. 3 ____________________ is a form of dance, often frenzied, in which people in a circle rotate while simultaneously slamming into each other. back Click here for answer Moshing

15. 4 Give three advantages for a sole proprietorship business. back Click here for answer Answers will vary. The owner is boss and sets his/her own schedule. The owner gets to make all of the decisions. The owner also gets to work on tasks that he/she enjoys

16. 1 A(n) __________________________ is a business owned and operated by one person. back Click here for answer sole proprietorship

17. 2 Some new employees have a(n) ______________________________, or a test period of a few months to determine if they will fulfill the needs of the organization. back Click here for answer probationary period

18. 3 What is the advantage of working for another company before becoming an entrepreneur? back Click here for answer You gain valuable experience by working for an existing company, which will enable you to make better decisions for your company.

19. 4 Why are concerts and sporting events at risk for accidents? back Click here for answer Excited fans can sometimes get too rowdy and careless, endangering the safety of others attending the event.

20. 1 A(n) ____________________ exists when two or more individuals sign an agreement to own and operate a business together. back Click here for answer partnership

21. 2 ______________________________ are extra incentives beyond salary and wages that employers are not required by law to provide. back Click here for answer Fringe benefits

22. 3 What is the difference between salary and wages? back Click here for answer Salary is an annual amount earned by an employee regardless of the number of hours worked. Wages are paid on an hourly basis.

23. 4 List and describe the four functions of the human resource department. back Click here for answer Planning and staffing: involves determining a company’s personnel needs and performing job analyses. Performance management: involves training and evaluating employees Compensation and benefits: involves researching compensation plans and putting together compensation packages to attract and keep employees Employee relations: involves looking out for the best interests of the employees to ensure fair employment practices are followed and working conditions are safe