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REAMS Entrepreneur Review Projects 1-4 Flashcards | StudBud
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REAMS Entrepreneur Review Projects 1-4
REAMS Entrepreneur Review Projects 1-4
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Questions
15
Answers
1
When picking a business to start, you should consider:
What I like to do.
My abilities.
All of these.
What talents I have and enjoy.
2
A business name should be pleasant, easy to pronounce and easy to remember.
False.
True.
3
A _____ is a name, symbol or trademark designed for easy recognition.
Brochure
Logo
Letterhead
Corporation
4
What should be short, 4-6 words, convey message and easy to remember.
Entrepreneur
Tagline
Logo
Symbol
5
Sole proprietorship, partnership and corporation are the three types of:
Entrepreneurship.
Company descriptions.
Form of business ownership.
Industry listings.
6
Our textbook requires business names to be more than three words.
Unicorn
False
True
7
Business plans include information about the business, its industry, competitors and finances.
True
False
8
Products and services are included in a business plan because:
Educates business plan readers.
All of these.
Helps the owner learn more about her industry.
9
The functions of a business plan include:
To attract customers.
To acquire financing.
To set goals and objectives.
All of these.
10
What does an entrepreneur do?
Get a steady paycheck.
Organizes, operates and assumes risk for a business.
All of these.
Has no risk other than wasting time.
11
Making money is the only thing I should consider when I choose a business.
False
True
12
Which is the correct spelling of the primary objective of this class?
Entrepreneure
Entrevue
Entrapraneure
Entrepreneur
13
A(n) _____ _____ is a series of documents that serves as a blueprint for building a business.
Bank loan.
Business plan.
Executive summary.
Company description.
14
_____ includes description of industry, products/services provided & nature of work.
Letterhead
Tagline
Description of products and services
Business format
15
Which are functions of a business plan?
None of these.
To acquire financing.
To eliminate risk.
To justify expenses.