Entrepreneurship Review

Which type of business can own assets and borrow money without involving people who own it

Making a trip to an accountant during start up is an example of?

What agency provides businesses with information regarding employer responsibilities for insur

A company decided to sell stock to raise capital.  Under which form of business do they operate

Product standards are developed to benefit the?

What expenses will stay constant with the number of items produced?

Of factors leading to success of a business, which is affected by the lack of working capital?

What does the income statement show the business owner?

A system for verifying and maintaining the desired standards in a product or service is called?

What is the covering, wrapper, or container in which merchandise

There are no coffee shops in Greenville, M thinks one would have commercial value. His idea is

Under which form of business ownership do owners have limited liability?

Which is a major disadvantage to buying a franchise?

Who are the people to whom a business plans to sell its products?

Who are the people most likely to buy a specific product or service?

What is the process used to test a business idea or concept?

What step BEST describes the development of a marketing strategy?

The Federal agency which provides assistance on how small businesses can increase revenues is

Who should the manager contact if there is something wrong with shipment or an invoice?

Which is a major advantage to buying a franchise?

Which term can be defined as the conception, pricing, promotion and distribution of products

Which is a major disadvantage of a corporation?

Target customers are chosen with care when beginning a business because they are the customers

Asking questions in attempting to solve business problems is an example of?

Why is sole proprietorship the most common form of business ownership?

Which organization has as its purpose the stimulation of local economic growth?

If the foods class lost money on project but all products were sold, what should be evaluated?

The Foods class prepared 25 doz cookies,  noone came to purchase them-what should be evaluated?

What kind of plan is presented to potential lenders or investors to gain financial support?

What are marketing objectives?

Students practice making several products b4 choosing which one to sell. What is this called?

Initial inventory for the business is which type of cost?

A feasibility analysis determines if

A short term loan is repayable in?

What is NOT used to construct a cash flow statement?

If a price is reduced, what must happen to continue to break even?

Advertising and promotion expenses for an ongoing business are

What is a working model of a product?

What must the company know in advance to predict when it will begin making a profit?

Before offering a service or product for sale, determine that there is?

When seeking a loan, an entrepreneur who has capacity

What is the amount added to the cost of an item to cover expenses and ensure profit?

What is net income to a business?