For a business to run smoothly, it should

be organized and have a system for doing things

To ensure a website it safe, look for ____________ before sharing personal information.

An s after http, showing that it is secure

The best way to protect intellectual property includes

patents, copyrights, and trademarks

When deciding what to buy a smart consumer

matches the options with their values and goals

When designing products for a business, ideas should (2 correct answers)

not be used if they have a copyright, patent, or trademark, be original work and not developed by anyone else first

Why is it important to protect intellectual property?

So people will get credit for research and products/ideas

What is a Federal Employer Identification Number?

9 digit number that identifies a specific business for IRS.

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Entrepreneurship Start Up

20 termsStudBud Administration27 plays

#Business cycle, business #start up checklist, #smart consumer

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
A plan describing the target audience, the product, finances, and the marketing approach is a
rough draft
loan application
business plan
budget proposal
2
A time when businesses are expanding and producing more goods.
trough
peak
contraction
expansion
3
A patent is good for _____________.
20 years
10 years
78 years
50 years
4
To keep a company's name from being used by others, you should
get a business license
get a trademark
get a copyright
get a patent
5
The first step in making a decision for a consumer is
to recognize a need/want
to evaluate the options
to buy a product
to collect information
6
For a business to run smoothly, it should
frequently change employees and ways of operating
be organized and have a system for doing things
always do what has always been done
have only one employee
7
To ensure a website it safe, look for ____________ before sharing personal information.
Better Business Bureau seal of approval
phrase at the bottom of the webpage saying "safe and secure"
An s after http, showing that it is secure
Never share information on the internet
8
When the economy is doing poorly and is getting worse...
peak
contraction
trough
expansion
9
The best way to protect intellectual property includes
not telling anyone about it
putting up a fence
patents, copyrights, and trademarks
putting the creator's name on all documents
10
When deciding what to buy a smart consumer
matches the options with their values and goals
buys what is convenient
buys the name brand
buys what is cheapest
11
When designing products for a business, ideas should (2 correct answers)
not be used if they have a copyright, patent, or trademark
be original work and not developed by anyone else first
be copied from well known brands/products
be taken from other businesses
12
A sole proprietorship is
A business with a board of directors
A business with a group of owners
A business that manages one product
A business with one owner
13
When an economy is at its lowest point of productivity it is called a
contraction
peak
expansion
trough
14
A federal permit is not usually needed, but __________ are required to get one.
all of these
media businesses
drug manufacturers
meat producers
15
Why is it important to protect intellectual property?
So people don't lose their mind
To encourage people to make new products
So everyone can afford the new product
So people will get credit for research and products/ideas
16
What is a Federal Employer Identification Number?
Zip code of the business
password for a business to use the internet
9 digit number that identifies a specific business for IRS.
social security number of the owner of a business
17
Businesses need to _______________ when they are first starting.
All of these
Get a Federal Employer Identification Number
Open a business bank acount
Get insurance
18
When an economy is at the best and highest it reaches before going down hill.
expansion
peak
trough
contraction
19
A business should get insurance to protect its
equipment, supplies, and inventory
vehicles
all of these
property
20
Buying knock-offs or counterfeits can
all of the above
take business away from the legitimate (real) company
be unethical because the ideas are stolen from others
save you money

Entrepreneurship Start Up Flashcards | StudBud