Entrepreneurship

What is the process used to test a business idea or concept?

Under which form of business ownership do owners have limited liability?

What does an income statement show the business owner?

The inability to interpret financial records demonstrates a lack of:

Which form of incorporation would be for a church/charity?

When preparing to open a business, visits to accountant would be considered:

There are no coffee shops in his town so Mike decides to open one. His idea is considered a:

A feasibility analysis determine if:

What are marketing objectives?

Who are the people to whom a business plans to sell its products?

Advertising and promotion for an ONGOING business are:

Which type of business owns assets/borrows money without directly involving the owners?

What is net income to a business?

What expenses stay constant with the number of items produced?

A company plans to sell stock to raise capital. This company operates as a:

Product standards are developed to benefit the:

What is the amount added to the cost of an item to cover expenses and ensure a profit?

Which is a major DISADVANTAGE of a corporation?

Which federal agency provides advice/assistance to small businesses to increase revenues/profit

Which is a major disadvantage to buying a franchise?

Why is sole proprietorship the most common form of business ownership?

What financial statement tells an entrepreneur what his/her business is worth at a given time?

What must a company know in advance to predict when it will begin making a profit?

Before offering a service or product for sale, determine that there isL

What state agency provides information about unemployment insurance?

What step BEST describes the development of a marketing strategy?

Jessica asks many questions and conducts research. What personal characteristic is this?

What factor is affected by the lack of working capital?

A short term loan is repayable in:

Who should the purchasing manager contact about a problem with a shipment or invoice?

Which term is defined as the conception, pricing, promotion to satisfy customer wants/needs

What is NOT used to construct a cash flow statement?

If the Foods 2 class lost money on their project, but all items were sold. What evaluate?

If a price is reduced, what must happen to continue to break even?

What is a major advantage to buying a franchise?

The Foods 2 class made 25 dozen cookies but sold none. What evaluate?

What kind of plan is presented to potential lenders or investors to gain financial support?

A system for verifying and maintaining the desired standards in a product or service is called

Which organization stimulates local economic growth?

When seeking a loan, an entrepreneur who has capacity:

Initial inventory for a business is which type of cost?

What is the covering, wrapper or container in which merchandise is placed?

Students practiced making several products to decide which to sale. The result of that is a: