EOPA Review #5 - Entrepreneurship

The amount to be paid for insurance is called a(n) __________.

In practicing good ethics, entrepreneurs must be sure to:

When creating various documents for your business, you should do all of the following EXCEPT:

Wal-Mart and Target are examples of _____ competitors.

A target market is:

The person whose name is on the insurance policy is called the __________.

Identifies the basic information about the business.

Which system is used to keep track of the money and other valuable items in a business?

A tagline is another name for the business:

Identifies strengths & weaknesses of your business & opportunities & threats in your community

Describes the business's moral philosophy and gives guidelines for carrying it out.

The possibility of a loss or something bad happening is called a __________

Which of the following is NOT a way to help improve your listening skills?

In a market economy, the prices of goods and services are determined by:

An understaffed store may result in all of the following EXCEPT:

Provides the key ideas of each section of the business plan.

Which of the following statements about business communication is FALSE?

When filing a ______, it is the request for payment of a loss.

The likelihood of something happening is called a __________.

The most common form of business communication today is:

Which of the following is a form of public relations?

Which statement about non-profit organizations is TRUE?

Costs that change in proportion to the number of items a business sells are known as ___ costs.

When deciding which type of business to start, teen entrepreneurs consider all of these EXCEPT:

It costs $5 to buy a t-shirt. The standard markup is 25%. What's the t'shirt's selling price?

Telephone communications are more difficult than other types of spoken communication because:

Identifies the cost of the items needed to open the business.

Which of the following is a service business?

Contains research data about the target market and competition.

The total amount to be paid on a policy is called __________________.

The amount the insured/policyholder must pay before the insurance company pays the claim ____

A document detailing the terms and condition of the insurance contract

Which of the following is a personal selling strategy?

Which of the following people is a famous entrepreneur?

Details the everyday activities the owner will do once the business is up and running.

In United States history, small business owners have:

Experts recommend keeping your business slogan to _____ words or less.

The exact number of items a business needs to sell to just cover expenses is known: ____ point.

Which factor is NOT important when deciding where to open your business?

Bakery owner, your cupcakes cost $40 but you decided to markdown by 20%. What's the sale price?

When handling a customer's complaint about a rude employee, your first response should be:

A business plan will help an entrepreneur do all of the following EXCEPT:

Shows products of the business, price of product, forms of promotion & distribution information

A business owned by one person is a(n):

When giving a video presentation, you should:

Which of the following is NOT one of the Four P's of Marketing?

Which type of software program is the BEST choice for managing financial information?

A person who owns and operates a business venture is a(n):

The combination of services a tutoring or landscaping business sells is its ________ mix.

Which of the following is a fixed cost?

Which statement about entrepreneurs is TRUE?

Having the right floor layout for your store will help you do all of the following EXCEPT:

Landscaping business charges: $25 mow; $50 weed. Projected sales total: Mow: 30; Weeding: 12