Taras friend Robbie worked at the local coffee shop. Tara always stopped to get her morning coffee from the shop because Robbie would fix her a deluxe coffee but only charge her for a standard cup of coffee. This is an example of Select one: a. embezzling. b. phony disbursements. c. skimming. d. an ethical transaction between friends. Martin, an employee at a boutique store, is required to handle store displays and also ensure that all the sales records tally at the end of each business day. However, he committed fraud by recording fake sales and then keeping the products for himself. Which of the following managerial concepts would have helped the store avoid this deception? Select one: a. adverse possession b. accession c. separation of duties d. code of ethics

In breakeven analysis, the price of one unit minus the variable cost of one unit is called the Select one: a. total cost. b. contribution margin. c. sensitivity analysis. d. fixed cost. Sylvia had helped Jonathan, one of her previous subordinates, in establishing his business by referring him to an important venture capitalist. As an appreciation of her help, Jonathan

has now agreed to hire and personally mentor her son as a trainee in his company. Both Sylvia and Jonathan are typically exhibiting: Select one: a. bootstrapping. b. caveat emptor. c. mutuality. d. universalism. Which of the following is a reason why most new businesses start on a part-time basis? Select one: a. The part-time workforce is dependable. b. There is lack of volatility. c. The window of opportunity is always open. d. The cost of entry and exit is low. Sven opening his own business servicing private swimming pools. Sven worked hard to build up his customer base, often performing services on last-minute notice, or even on holidays and weekends. Now, Sven has a comfortable number of routine services he provides for his customers and his business is profitable enough to support himself and his family. Which type of business does Sven likely own? Select one: a. a high-performing small business b. a traditional small business c. a unicorn d. a lifestyle business