EOPA Review #5 - Entrepreneurship

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

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

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

In United States history, small business owners have:

Contains research data about the target market and competition.

A document detailing the terms and condition of the insurance contract

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

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

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

Which statement about non-profit organizations is TRUE?

The most common form of business communication today is:

Which of the following people is a famous entrepreneur?

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

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

Which statement about entrepreneurs is TRUE?

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

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

Which of the following is a form of public relations?

Which of the following is a personal selling strategy?

When giving a video presentation, you should:

A tagline is another name for the business:

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

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

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

A target market is:

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

Which of the following statements about business communication is FALSE?

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

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

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

Wal-Mart and Target are examples of _____ competitors.

The likelihood of something happening is called a __________.

Identifies the basic information about the business.

In practicing good ethics, entrepreneurs must be sure to:

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

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

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

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

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

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

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

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

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

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

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

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

Which of the following is a fixed cost?

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

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

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

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

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

Which of the following is a service business?