If You Are Self-Employed or Work for a Small Business

question 102

Multiple Choice

If you are self-employed or work for a small business which of the following retirement plans would you be most likely to have?

• A)403(b)
• B)401(k)
• C)Thrift and savings plan
• D)Keogh plan
• E)None of the above

Analyze the role of diversity and discrimination in the workplace and management's responsibility.

Comprehend the significance of handling change within an organization and the skills required for implementing it.

Appreciate the role of vision in management and how it influences employee behavior and organizational direction.

Understand the strategic aspects of staffing in achieving organizational goals.

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Definitions:

Periodic Inventory System

A method of inventory valuation in which inventory levels and cost of goods sold are determined at the end of an accounting period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Gross Profit

The difference between sales revenue and the cost of goods sold.

Cost of Goods Sold

The direct monetary outlays for the creation of goods a company markets, including costs for labor and materials.