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Entrepreneurship Mid-Term Review Flashcards | StudBud
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Entrepreneurship Mid-Term Review
Entrepreneurship Mid-Term Review
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Answers
1
The amount of money one puts into a business is called an:
Capital
Investment
Profit
Market
2
This is a type of advertising that uses a bargain-priced item to lure customers into a store:
Bait and Switch
Limited Liability
Non-Profit
Hook, Line, and Sinker
3
Amount or percentage by which a business lowers its retail prices in order to move merchandise:
Rebate
Flexible Price
Sales Forecast
Markdown
4
A countries total value of all goods produced during a given year:
Enterprise Zone
Foundational Skill
Tariffs
Gross Domestic Product (GDP)
5
Status of a patent when the PTO declares that your claims are accepted:
Distribution Channel
Trademark
Patent Pending
Copyright
6
When people have the right to make economic choices, they live in a:
Trade Magazine
Global Economy
Market
Free Enterprise System
7
Taxes imposed by a government on imported or exported goods:
Venture
Tariffs
Goodwill
Capital
8
Periodicals that are published for specific types of businesses or industries are called:
Global Economies
Business Skills
Cultural Differences
Trade Magazines
9
Coach P is:
Cool
Handsome
All Of The Above
Swaggy
10
Price strategy that uses weird prices to suggest bargains and normal prices to suggest quality:
Price Lining
Odd/Even
Break-Even
Return on Investment
11
A type of partnership where two companies join to complete a specific project is called a:
Strategic Alliance
LLC
Joint Venture
Subchapter S
12
A document that describes a new business:
Marketing Plan
Business Plan
Research Paper
Report
13
This is a contract to use a facility or equipment for a specified period of time:
Partnership
Patent
Lease
Purchase Order
14
Someone who undertakes the creation, organization, and ownership of a business is called an:
Role Model
Investor
Entrepreneur
Business Broker
15
Money owed to others:
Subchapter S
Liability
Incentives
Non-Profit