Over the past fifty years the American economy has changed in what way?

service and trade businesses have become the dominant

One advantage of a general partnership over a sole proprietorship is a general partnership

can rely on more than one person for financial backing

Which of the following statements about corporations is true?

corporations sell stock to raise money

Which of the following phrases best describes a wholesaling business

a business that sells products to retailers

A business owner with unlimited liability

could have to sacrifice personal money and assets

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DePaul Fall 2016

25 termsStudBud Administration160 plays

Week #2

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Questions 25

Answers

1
The act of always looking to profit
Fascism
Socialism
Capitalism
Communisim
2
Paid to employees for hours worked
Sales
Commission
Salary
Wage
3
A company may pay this when it does well
Dividend
Profits
Taxes
Commission
4
The group of people most likely to purchase your product or service
General Market
Mass Market
Target Market
Niche Market
5
The businesses predicted to undergo the most growth in the coming decade are
businesses that convert materials into products
primarily manufacturing businesses
primarily service businesses
businesses that sell retail products to wholesalers
6
The Bottom Line
Total Revenue
Net Profit
Gross Profit
Profit
7
One who seeks to solve problems at a profit
Business
Business Manager
Entrepreneur
Intrapreneur
8
Most business in the US are
sole proprietorships
partnerships
corporations
cooperatives
9
One who offers advice
Proctor
Doctor
Mentee
Mentor
10
The value on a balance sheet
Liquidity
Net Worth
Net Present Value
Unrealized Gains
11
Over the past fifty years the American economy has changed in what way?
manufacturing has replaced retailing as the most dominant
service businesses have become far less important
wholesaling has become the dominant industry in the economy
service and trade businesses have become the dominant
12
A Small Business
Macro Enterprise
Nano Economics
Micro Enterprise
Small Business
13
One advantage of a general partnership over a sole proprietorship is a general partnership
provides unlimited laiability
can rely on more than one person for financial backing
provides limited liability
ia a corporation
14
Which of the following statements about corporations is true?
a limited partnership is a type of corporation
a cooperative is a type of corporation
corporations are easier to set up that sole proprietorships
corporations sell stock to raise money
15
Where loss ends and profit begins to accumulate.
Cross Calculation
Bell Curve
Breakeven Point
Inflation
16
First offering of a firms' stock (shares) on the stock market, at the time it 'goes public.
Bullish
Stock Inquisition
Stock Purpose
IPO
17
Solving energy problems at a profit
Medicinal Usage Tax
Green Entrepreneurship
Solar Consulting
Ergonomometrics
18
Which of the following phrases best describes a wholesaling business
a business that sells products to retailers
a business that performs service
a business that converts materials into products for sale
a business that sells products to final buyers
19
The purpose of a cooperative
to pay dividends to investors
to earn profits
to benefit it members
to provide unlimited liability to members
20
Which type of business ownership provides limited liability for the owner(s)?
General Partnership
Corporation
Sole Proprietorship
All Three
21
Solving issues for greater society at a profit
Non-profit
Socialism
Social Entrepreneurship
Not-for-profit
22
A Way to scale a business without losing ownership
Retail
Wholesales
Merge
Franchise
23
The cost of investing or getting the business going
Pessimistic Cost
Cost of Goods Sold
Opportunity Cost
Opportunity Regulation
24
An evaluation of a proposed project to determine if it is possible, affordable, and profitable
Situation Analysis
Cost Benefit Analysis
Cost Analysis
Feasibility Analysis
25
A business owner with unlimited liability
is not personally responsible for business debt
would not have to sacrifice personal money for the business
could have to sacrifice personal money and assets
is a shareholder of the business

DePaul Fall 2016 Flashcards | StudBud