Business policies are basic statements that serve as guidelines for managerial decision making.

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True

False

In checking employment references, more accurate evaluations are the result of writing to the applicant's previous employers as oppose to contacting them orally.

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True

False

A firm may receive unsolicited applications such as walk-ins from qualified and unqualified applicants.

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True

False

A large chain of pharmacies wants to be recognized as the pharmacy of choice when the members of the Baby Boomer generation enter their 60s. The pharmacy chain has developed a 10-year plan and is on track to meet its objectives. What is this plan called?

a. tactical plan

b. policies plan

c. financial plan

d. strategic plan

An outline or a summary of the work to be performed on a job is known as a job description.

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True

False

In the job applicant selection process all that is really required is an interview.

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True

False

When work teams function properly, the number of supervisors needed decreases sharply.

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True

False

Most training in small firms is accomplished while on the job.

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True

False

Entrepreneurs usually come from either the operations or the sales side of the business.

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True

False

At the end of each year Francis gives employees and equal share of the excess revenues after deducting all expenses. What is this an example of?

a. employee stock ownership plans

b. cafeteria plans

c. profit-sharing plans

d. fringe benefits

Employee stock ownership plans have become popular but still carry many tax disadvantages.

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True

False

Which statement best describes contract staff?

a They do not charge for their services.

b. They are employees.

c. They are not deemed to be employees of the company.

d. They charge from 25 to 50 percent of payroll.

Because employers contribute to workers' compensation employees cannot sue the employer for losses or injuries that occur in the course of employment.

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True

False