Sarah, a University Student, Is Trying to Consider What She

question 59

Multiple Choice

Sarah, a university student, is trying to consider what she should do for summer employment.Two recruiters show up at her university in search of summer workers.Recruiter A is looking for lifeguards to patrol the beach.Recruiter B is looking for workers to staff positions at a summer youth camp.On the basis of knowledge obtained in her economics class, Sarah is likely to conclude that:

• A)the large pool of applicants for the lifeguard job will likely lead to a high wage
• B)the small pool of applicants for the summer camp job will likely lead to a high wage
• C)the lifeguard job is likely to be more fun than the summer camp job
• D)all of the above are true

Identify the tax implications and liability issues for various business forms.

Understand the creation, operation, and termination of franchises.

Recognize laws and acts governing partnerships, corporations, and limited liability companies.

Distinguish between the responsibilities and authority of individuals within different business organizations.

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Definitions:

Equals

Signifies mathematical equality; used to denote that two values are the same.

Product

The result obtained from multiplying two or more numbers together.

Subtract

A mathematical operation that involves taking one number away from another to find the difference.

Whole Number

A number without fractions or decimals; an integer that can be positive, negative, or zero.