Question 1

Regarding fixed and variable costs, what tends to happen as revenue increases?

Options :

A : Variable costs decrease

B : Fixed costs decrease

C : Variable costs increase and consume a higher percent of revenue

D : Fixed costs remain the same and consume a lower percent of revenue

Answer: D

Question 2

What happens to the marginal cost if revenue accelerates slower than variable costs but fixed costs remain the same?

Options :

A : It remains the same.

B : It decreases because variable costs are increasing.

C : It increases at the same rate as variable costs.

D : It becomes increasingly higher as revenues increase.

Answer: D

Question 3

Upon which criterion are step increases typically based?

Options :

A : Market adjustment

B : Longevity

C : Individual performance

D : Skills

Answer: B

Question 4

What information do EEO posters provide to employees?

Options :

A : Various federal minimum wage rules

B : Employee rights under the H-2A Program

C : Laws and procedures for filing complaints

D : Laws and rules for employee polygraph protection

Answer: C

Question 5

Regarding medical plans, what is the out-of-pocket maximum?

Options :

A : The most that the member will be liable for in relation to co-insurance

B : The maximum the plan will pay if the member is covered by another insurance plan

C : The limit the member will be required to pay at each doctor visit

D : The lifetime limit for benefits to any one employee

Answer: A

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