Hi-1011 Chapter 22 & 23 Financial Management/Practice Management
19 Questions
| Total Attempts: 183
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The Medical Administrative Assistant. Practice for certification exam.
Questions and Answers
- 1.Fica was designed only for retirement
- A.
True
- B.
False
- 2.Payroll records include the employees name, SS#, number of withholding allowances, salary or hourly wage and deductions.
- A.
True
- B.
False
- 3.Tax deductions are determined based on an employee completing a W-2 form.
- A.
True
- B.
False
- 4.A W-2 form is a six part form completed by the employee for tax purposes
- A.
True
- B.
False
- 5.Quartely returns are due the last day of the month that follows the end of the quarter
- A.
True
- B.
False
- 6.Payroll should always be done by a professional service
- A.
True
- B.
False
- 7.Forecasting is looking at the present activity of the business
- A.
True
- B.
False
- 8.All states have unemployment compensation laws
- A.
True
- B.
False
- 9.Good planning helps a business grow and stay financially strong
- A.
True
- B.
False
- 10.Every employee should receive thier own copy of the companies policy and procedure manual with a signature of receipt documented in their employee file
- A.
True
- B.
False
- 11.Managers should perform all tasks to make sure they are done correctly
- A.
True
- B.
False
- 12.Sometimes work relationships turn into close friendships. You should stay professional and the know the companies policies on dating and fraternizing with subordinates.
- A.
True
- B.
False
- 13.A manager must be able to effectively communicate in both oral and writtien communication while also possessing good listening skills.
- A.
True
- B.
False
- 14.OSHA requires all employees are trained within the first 30 days of employment
- A.
True
- B.
False
- 15.A charasmatic leader...
- A.
Is fair and hardworking
- B.
Inspires individuals
- C.
Is a relationship builder
- D.
Is effective for reorganization
- 16.Upon having to interview applicants to "know the details" is to know what the applicant has to offer
- A.
True
- B.
False
- 17.Power is the ability to influence individuals to carry out duties as directed.
- A.
True
- B.
False
- 18.The laissez-faire style of management is
- A.
Fair minded
- B.
Demanding
- C.
Easy going
- D.
Asks for staff opinions
- 19.Legitimate power is based on
- A.
Positive use of power
- B.
Manipulative
- C.
Granted by others to those who lead
- D.
A position or status
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