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ENT I Final Exam Review
ENT I Final Exam Review
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Entrepreneurship I (ME11) Sample Questions
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
The costs of operating a business are often referred to as what?
Fixed
Variable
Overhead
Markdown
2
Which characteristic is descriptive of a meaningful company objective?
Unlimited
General
Measurable
Vague
3
Which product would likely used an exclusive distribution pattern?
Swimsuits
Newspaper
Candy bar
Expensive designer clothing line
4
A business that offers a service
that saves time,
what is the benefit to the customer?
Quantity
Price
Convenience
Consistency
5
The average person does what thirteen times a day?
Opens the refrigerator
Laughs
Sneezes
Yawns
6
When a car makes a 90 degree right turn, which tire doesn't turn?
Left front
Spare
Right rear
Left rear
7
A business is
extending operating hours
. What
variable business expense
will increase as well?
Higher profits
Higher Sales Volume
Increased customer satisfaction
Increased Payroll Expenses
8
How many different states border North Carolina?
Four
Six
Five
Three
9
The market segment based on Psychographics are grouping people according to which attribute?
Education level
Occupation
Where they live
Lifestyles
10
Which planet listed below is the largest?
Mercury
Mars
Earth
Venus
11
What is an example of a company using
brand extension?
Coca-Cola adding Caffeine Free Diet Coke
Food Lion adding more canned soup to the canned foods aisle.
Food Lion adding an ATM
Tyson Chicken packing smaller portions of chicken.
12
What is the capital city of South Dakota?
Pierre
Trenton
Concord
Bismarck
13
Entrepreneurial discovery is when a small-business owner will
most likely
accomplish what goal?
Form a technological monopoly
Improve economic sanctions
Satisfy an unmet demand
Change legal requirements