Entrepreneurship WebXam

Question 1

If a small business owner is responsible for all the debts and choices of a business, they have

Accepted Answer

unlimited liability

Question 2

Which of the following is NOT considered a product "feature"?

Accepted Answer

fun

Question 3

Taxes are paid for

Accepted Answer

all of the above

Question 4

What is an opportunity to use crowdsourcing to engage customers or clients?

Accepted Answer

Asking customers for their ideas for ice cream flavors

Question 5

Total liabilities divided by total assets is the formula used to calculate the

Accepted Answer

debt ratio

Question 6

The major source of a debt financing is an

Accepted Answer

bank

Question 7

How should employee performance be assessed?

Accepted Answer

Performance Standards

Question 8

Competitors can

Accepted Answer

both a and b

Question 9

Companies that sell to other companies are called

Accepted Answer

B2B

Question 10

Consumption taxes are paid on

Accepted Answer

goods and services sold

Question 11

Market research

Accepted Answer

is used to help sales efforts

Question 12

Which is NOT a way that technology impacts business activities?

Accepted Answer

Time Management

Question 13

an implied contract becomes valid when it is

Accepted Answer

acted on

Question 14

Which of the following does not protect intellectual property rights?

Accepted Answer

Bookmark

Question 15

Which of the following is a way to use negotiation to solve a problem?

Accepted Answer

coming up with a compromise

Question 16

Which of these is NOT a type of ownership?

Accepted Answer

Liable Venture

Question 17

What do you call money that is left over?

Accepted Answer

Profit

Question 18

FICA taxes are paid by

Accepted Answer

all of the above

Question 19

What is a reason to become and entrepreneur?

Accepted Answer

All of the Above

Question 20

Which is an active listening skill?

Accepted Answer

asking questions

Question 21

Motivation is associated with which management function?

Accepted Answer

directing

Question 22

Which of the following is NOT a force driving business changes?

Accepted Answer

Colonization

Question 23

The purpose of a SWOT analysis is to examine a businesses

Accepted Answer

strengths, weaknesses, opportunities, and threats.

Question 24

Requiring food services workers to was their hands before serving meals is a form of

Accepted Answer

risk reduction

Question 25

A communication model used by companies to plan, create, and manage promotion is

Accepted Answer

AIDA

Question 26

Setting performance standards is closely associated with which management function?

Accepted Answer

controlling

Question 27

Which plan includes day-to-day activities?

Accepted Answer

tactical plan

Question 28

Most businesses try to maintain a current ratio of

Accepted Answer

2 to 1

Question 29

A lease is a type of

Accepted Answer

contract

Question 30

The bank debt ratio maximum is typically about

Accepted Answer

40%

Entrepreneurship WebXam

Questions 30

Entrepreneurship WebXam

Questions 30