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ESB 38 Practice Exam 1 Review Questions Which Have Been Correctly Answered

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A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? Note: Disregard associated incr...

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  • May 30, 2024
  • 10
  • 2023/2024
  • Exam (elaborations)
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A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business
must now pay all of her laborers 30% higher wages.

What is the minimum amount the owner must now charge customers for labor to balance her increased
operational expenses?

Note: Disregard associated increases in taxes, such as FICA. - ✔ ✔ -30%



You've been asked to classify several businesses as either B2B or B2C

For each business, select B2B or B2C. - ✔ ✔ B2B

-Wholesale flooring distributor

-Purchases requiring a tax exemption certificate

B2C

-Chain of local grocery stores

-Motorcycle repair shop



Your company manufactures 72 hr. emergency kits and sells them for a low profit margin. You want to
expand your customer base to increase your sales volume, but you have a limited budget.

What marketing method would be the best choice? - ✔ ✔ -Social Media



For each statement about Product Quality Control Testing, select True or False. - ✔ ✔ True

-Refine quality measures as

needed to increase the level of

satisfaction with your product.

-Establish the method to use for

testing product quality.

, -Determine what standards

have to be met based on the

product and industry.



False

-Review the results of a

competitors quality assurance

testing

-Don't spend money on Product

Quality Control Testing unless

more than 10% of customers

complain.



Which two ways can Customer Service and Support affect sales? (Choose two) - ✔ ✔ -More sales
through customer..

-Increased sales through..



Which two are benefits of equity funding? (Choose two) - ✔ ✔ -Can be used to raise working..

-Investors do not get paid..



You are a technical trainer. You teach online courses to help workers more efficiently use Microsoft
Office applications.

What is an effective way to measure your teaching performance during an online course? - ✔ ✔ -
Conduct on screen pop quizzes



Which are two characteristics of direct distribution that differ from fulfillment centers? (Choose two) -
✔ ✔ -The manufacturer controls all..

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