Hi-1011 Chapter 22 & 23 Financial Management/Practice Management

19 Questions | Attempts: 190
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  • 1/19 Questions

    Sometimes work relationships turn into close friendships.  You should stay professional and the know the companies policies on dating and fraternizing with subordinates.

    • True
    • False
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About This Quiz

The Medical Administrative Assistant. Practice for certification exam.

Financial Management Quizzes & Trivia

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  • 2. 

    Every employee should receive thier own copy of the companies policy and procedure manual with a signature of receipt documented in their employee file

    • True

    • False

    Correct Answer
    A. True
  • 3. 

    A manager must be able to effectively communicate in both oral and writtien communication while also possessing good listening skills.

    • True

    • False

    Correct Answer
    A. True
  • 4. 

    Good planning helps a business grow and stay financially strong

    • True

    • False

    Correct Answer
    A. True
  • 5. 

    Payroll records include the employees name, SS#, number of withholding allowances, salary or hourly wage and deductions.

    • True

    • False

    Correct Answer
    A. True
  • 6. 

    All states have unemployment compensation laws

    • True

    • False

    Correct Answer
    A. True
  • 7. 

    Quartely returns are due the last day of the month that follows the end of the quarter

    • True

    • False

    Correct Answer
    A. True
  • 8. 

    Power is the ability to influence individuals to carry out duties as directed.

    • True

    • False

    Correct Answer
    A. True
  • 9. 

    A charasmatic leader...

    • Is fair and hardworking

    • Inspires individuals

    • Is a relationship builder

    • Is effective for reorganization

    Correct Answer
    A. Inspires individuals
  • 10. 

    Managers should perform all tasks to make sure they are done correctly

    • True

    • False

    Correct Answer
    A. False
  • 11. 

    Fica was designed only for retirement

    • True

    • False

    Correct Answer
    A. False
  • 12. 

    The laissez-faire style of management is

    • Fair minded

    • Demanding

    • Easy going

    • Asks for staff opinions

    Correct Answer
    A. Easy going
  • 13. 

    Payroll should always be done by a professional service

    • True

    • False

    Correct Answer
    A. False
  • 14. 

    Forecasting is looking at the present activity of the business

    • True

    • False

    Correct Answer
    A. False
  • 15. 

    Tax deductions are determined based on an employee completing a W-2 form.

    • True

    • False

    Correct Answer
    A. False
  • 16. 

    OSHA requires all employees are trained within the first 30 days of employment

    • True

    • False

    Correct Answer
    A. False
    Explanation
    False. Any employee that may be at risk of exposure must be trained prior to their start date.

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  • 17. 

    A W-2 form is a six part form completed by the employee for tax purposes

    • True

    • False

    Correct Answer
    A. False
  • 18. 

    Upon having to interview applicants to "know the details" is to know what the applicant has to offer

    • True

    • False

    Correct Answer
    A. False
    Explanation
    False. To "know the details" refers to what skills, qualities and abilities are required for the position. What the job responsibilities are. What the salary range is and how soon the position is to be filled.

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  • 19. 

    Legitimate power is based on

    • Positive use of power

    • Manipulative

    • Granted by others to those who lead

    • A position or status

    Correct Answer
    A. A position or status
    Explanation
    Legitimate power is based on a position or status, like a president.

    Rate this question:

Quiz Review Timeline (Updated): Mar 22, 2022 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Apr 09, 2012
    Quiz Created by
    Dhardma1
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