BDI3C Exam Review

You're going to rock this exam

Profit margin is the percent of the selling price that represents the profit.

Why is being flexible an important part of being an entrepreneur?

Deficit is when your cash out is greater than your cash in.

I own a business with 2 other people. What type of business ownership is this?

An example of a consumable good

An example of an intangible good

Profit margin is represented as a:

What is an example of internal HR?

An example of a fixed good

What can high school students be currently doing to gain entrepreneurial experience?

The following are lifestyle aspects of an entrepreneur:

What does it mean to be a visionary?

What are benefits to partnership, specifically?

Benefits to Sole proprietorship (multiple right answers)

What are advantages to being a young entrepreneur?

AN example of a tangible good

Describe entrepreneurial lifestyle aspects that you have learned from our course material.

What is cash out? What are examples?

What are benefits to competition?

I own a business by myself. What type of business ownership is that?

Surplus is when your cash in is greater than cash out.

What is an example of external HR?

What are the 4 P's of marketing all about?

Starbucks is in indirect competition with

Last month Austin's revenue was $20,000 and his expenses were $5000. What is her net income?

What is NOT one of the types of marketing research?

What is capital?

Competition is generally good for the community

What are the 4 P's?

Coke is in direct competition with

Which of the following is a real form of financing?

Entrepreneurs exemplify the following characteristics:

How do entrepreneurs impact the community and demonstrate social responsibility?

Which step is not required in the financial plan?

On a cash flow statement what is cash in? What are examples?

What does it mean to break even?

What are disadvantages of being a young entrepreneur?

Who cares about the venture plan?