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entrepreneurship final review Flashcards | StudBud
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entrepreneurship final review
entrepreneurship final review
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StudBud Administration
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102 plays
JCTC sbe finak reveiw
Flashcards
27 cards
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Practice quiz
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Questions
27
Answers
1
Any form of paid communicationdirected toward a mass audience by an identified company/sponsor
samples
advertising
visual merchandising
publicity
2
What type of policy would address exchanging merchandise?
return
selling process
delivery
pricing
3
Shoplifting is an example of...
external theft
counterfeiting
internal theft
loss prevention
4
"Hi, How are you today?" is an example of which type of approach?
greeting
merchandise
combination
service
5
A technique used to encourage customers to buy additional merchandise is called...
objection
suggestion selling
open ended questions
benefit
6
Wages paid to employees are known as...
expense
startup costs
accounts receivable
payroll
7
What types of employee records must managers maintain?
hiring documentation
evaluation forms
write ups
all of these
8
Which if the following is a form of publicity?
radio interview
all of these
news release
press conference
9
A process that introduces new employees to the company, job, co-workers.
orientation
merit
skills
rotation
10
Visual merchandising is comprised of...
all of these
storefront/sign
store image
interior display
11
The money owed to a business by its customers is known as...
accounts payable
bills
expenses
accounts receivable
12
The presentation of the entire store & its merchandise in ways that will attract attention.
visual merchandising
sales promotion
advertising
display
13
What type of organization has an up and down structure?
upward organization
vertical organization
autocratic organization
horizontal organization
14
Another term for inventory shrinkage is...
loss prevention
none of these
profit loss
merchandise shortage
15
How can you determine customer needs?
listening
observing
all of these
questioning
16
which level of management would include the CEO?
supervisory
middle
bottom
top
17
the money a business owes to its vendors for merchandise, equipment, and other supplies...
none of these
accounts receivable
bills
accounts payable
18
requiring all sales people to greet customer immediately is an example of what type of policy?
return
pricing
selling process
delivery
19
systematic assessments that gauge an employees performance on the job
evaluations
write ups
reviews
job descriptions
20
which of the following is NOT an example of a sales promotion?
advertising
rebates
displays
samples
21
Training that occurs in the workplace is known as...
on the job training
orientation
none of these
off the job training
22
How a business is organized is called...
vertical organization
organizational structure
business structure
planning
23
Policies and procedures are created to...
both to ensure bus operates smoothly & add structure
catch employees not following the rules
ensure the business operates smoothly and profitability
add structure to employee's job
24
Which piece of security equipment can be used in the store when "blind spots" are present?
POS terminal
locked cases
security mirrors
security guards
25
A sales associate in the store giving unauthorized discounts to friends is called...
slipping
balooning
sweethearting
side swiping
26
The advantage a customer gains from buying a product is called...
benefit
rebate
feature
exchange
27
The overall look of a store and the series of mental pictures and feelings it evokes...
store layout
fixtures
display
store image