A business plan is important for a new business for all of the following reasons, except

It guarantees you will get a loan from a bank

Which is a risk of having a virtual business?

All are risks of a virtual business

A niche market is centered on

Smaller segments of an existing market.

What is Electronic Commerce (e-commerce) as the process for conducting your business?

The transactions on the Internet

Tracks your personal information and sends it to someone

Does unwanted activities on your computer but no replication

In putting together a Business Plan’s Marketing Plan the 4 P’s that need to be kept in mind are

Product, Place, Price, Promotion

Which of the following is not true of business plans?

Business plans are only for financing to start a business.

Which of the following is not true about record keeping?

Records must be maintained on both the computer and on paper

The operating plan for a business is made up of what five categories?

Purchasing, Production, Sales, Accounting, Distribution

What is a Malicious Hacker?

Someone who bypasses security to gain access to a computer

A government funded organization that helps small business owners borrow money

The Small Business Administration

Program that attaches on to other programs and reproduces.

Which address is correctly formatted for business cards and letterhead?

1234 School Rd., Houston, TX 77084

Replicate and spreads to other computers on a network.

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Virtual Business Review

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Review for Virtual Business Test

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Questions 32

Answers

1
The application of principles of right and wrong to issues that come up in the workplace
Social responsibility
Business ethics
Accountability
Moral values
2
Emails that direct you to a link that looks legitimate but are bogus.
Adware
Spyware
Phishing
Pharming
3
Why should you open a checking account for your business?
It’s safer to keep cash in a bank where it is insured
It’s convenient to be able to handle monetary transactions
Gives you proof of payment and provides a record of finances
All options are correct
4
As a business your product will fall into one or both of the categories that drives sales.
Goods and/or service
Dot-Com business and/or storefront
Bargains and/or quality products
Brick and Mortar and/or E-Marketing
5
What is a Adware?
Unwanted ads
Replicate themselves and spreads to other computers
Someone who bypasses security to gain access to a computer
A program that attaches itself to other programs.
6
A business plan is important for a new business for all of the following reasons, except
It forces you to consider all aspects of your business
It can serve as a tool for managing your business
It can help you communicate your concept to others
It guarantees you will get a loan from a bank
7
Emails recommending that you update information for certain accounts
Spyware
Adware
Phishing
Pharming
8
An E-Marketplace would be?
An online college website
An online shopping location
An online Chamber of Commerce website
An online encyclopedia
9
What type of business structure is owned by one person?
Entrepreneurship
Corporation
Sole proprietorship
Partnership
10
The people who provide funds to start a company in exchange for part ownership of a company are
Sole Proprietors
Bankers
Attorneys
Venture Capitalists
11
Which is a risk of having a virtual business?
Debt
Damage to reputation
Having to start over
All are risks of a virtual business
12
A niche market is centered on
Business development.
High supply and demand
Smaller segments of an existing market.
Worldwide sales.
13
Logos for a business are important tools for all the following except?
Branding your business
Creating an image
Advertising
Cutting costs
14
What is Electronic Commerce (e-commerce) as the process for conducting your business?
The transactions on the Internet
The provision for kids playing games
The purchasing of raw materials
The setting up a website for promotions
15
What is a Spyware?
Performs unwanted activities but doesn't replicate itself.
Someone who bypasses security to gain access to a computer
Tracks your personal information and sends it to someone
Designed to overload a server.
16
An innovative business owner who conducts business online is called a(n)?
Netrepreneur
Entrepreneur
CEO
Accountant
17
What are Trojans?
Attaches itself to other programs and reproduces.
Does unwanted activities on your computer but no replication
Someone who bypasses security to gain access to a compute
Designed to overload a server.
18
In putting together a Business Plan’s Marketing Plan the 4 P’s that need to be kept in mind are
Print, Production, Purchasing, Partnership
Print, Production, Purchasing, Partnership
Purchasing, Production, Price, Promotion
Product, Place, Price, Promotion
19
Which of the following is not true of business plans?
www.SBA.gov provides a template for business plans
Business plans force you to think about important events.
Business plans are only for financing to start a business.
Business plans are made for one year and updated each yr.
20
In order to establish a business you need to meet a customer’s_______________?
Desires and education
Wants and dreams
Goods and services
Needs and wants
21
Which of the following is not true about record keeping?
Records supply data for a variety of government reports
Records provide information for management decisions
Help the owner determine if a business is losing money
Records must be maintained on both the computer and on paper
22
The operating plan for a business is made up of what five categories?
Purchasing, Production, Sales, Accounting, Distribution
Production, Sales, Accounting, Distribution, Human Resources
Purchasing, CustomerService, Sales, Accounting, Distribution
Purchasing, Production, Sales, Accounting, Location
23
What is a Denial of Service Attack?
Tracks your personal information and sends it to someone
Designed to overload a server.
Unwanted ads
Replicate themselves and spreads to other computers
24
Customers logging into a website can provide the site with the following information except.
Time of day
Length of visit
Visitor number
Ethnicity
25
What is a Malicious Hacker?
Unwanted ads
A program that attaches itself to other programs
Someone who bypasses security to gain access to a computer
Performs unwanted activities but doesn't replicate
26
The main page of a website should include all of the following except ______________?
Color and theme consistent with your logo
Friendly, welcoming layout and design
Graphic images that relate to your type of business
Unlimited fonts and typefaces
27
A government funded organization that helps small business owners borrow money
Workforce Commission
The Small Business Administration
Junior Achievement
Inernal Revenue Service
28
What is a Virus?
Someone who bypasses security to gain access to a computer
Program that attaches on to other programs and reproduces.
Unwanted ads
Designed to overload a server.
29
Which address is correctly formatted for business cards and letterhead?
1234 School Road, Houston Tx 77084
1234 School Rd Houston TX 77084
1234 school rd. Houston, tx 77084
1234 School Rd., Houston, TX 77084
30
Business structure owned by two or more people who share profits and losses
Partnership
Sole proprietorship
Entrepreneurship
Corporation
31
What is a Worm?
Unwanted ads
Designed to overload a server.
Replicate and spreads to other computers on a network.
Tracks your personal information and sends it to someone
32
What is not on a Business Card?
Email Address
Name
Philosophy of Company
Phone Number

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