End of Pathway Review

Which phrase bestdescribes the term “Opportunity Cost?” 

When starting a newbusiness which business record is critical to save? 

Select which of thefollowing are ALL common sections of a business plan: 

The “Balance ofTrade” draws a comparison of what two factors? 

What is crowdsourcing, brainstorming, and focus groups in creating new products called?  

What is the processof getting into and operating one’s own business?  

Which customer listedbelow would be target market for a business that sells child carseats? 

Which form of ownership operates apart from its owners, and lives-on after the owner dies. 

Identify a law put inplace to protect the original works of an author: 

Indicate which of thefollowing is required to engage in any business. 

Which of thefollowing is an important characteristic of an Entrepreneur?

Which of thefollowing identifies one “Fixed” and one “Variable” cost? 

Select the fin. stmnt. that reports the  totals of all assets, liabilities, andowner’s equity. 

Identify the toolused to obtain capital and plan objectives for a business: 

Which option would you select In order to protect your business againstpossible losses? 

Why do companiescreate Mission Statements? 

When a co. buys a 30-second commercial during the Super Bowl what promotionare they using? 

People who share similar needs and wants and who have ability to purchase agiven product? 

If an investor wants an ownershipstake in the business in return for his investment, it is: 

What will scarcityallow businesses to do? 

Who should you select toinvest in your business for equity financing? 

Describe a risk and areward of competition? 

Why is Targetconsidered a click & mortar business? 

Select the element ofthe marketing mix affected by decisions related to warranties? 

Choose which of thefollowing is considered a start-up cost: 

3M allows theiremployees the freedom to create new products individually. These are called:

Which credit info analyzes ent's ability to repay aloan based on incoming/outgoing cash flow? 

When a businessbreaks a market into smaller groups with similar characteristics what is it?