Entrepreneurship Exam

When a customer sees a news story on TV about a certain company or brand, it's an example of a(n)

Why do businesses establish specifications for selecting hardware and software systems?

. Which of the following should a person do first when facing the need to make a decision:

What type of law addresses issues that interfere with a firm's right to do business?

Method to manage people is intended to depress more violations of company rules after infractions have already occurred?

Which of the following is the primary stakeholder influencing corporate governance:

Which of the following is an advantage of the jury of executive opinion method of sales forecasting:

One of the most important, fundamental keys to successful change management is

When generating product ideas as a group, who typically guides the discussion?

The financial section of a feasibility study must include sources of

Why might a business decide to purchase goods for a price higher than the lowest possible price?

One of the primary goals of supply chain management is to

Identify the marketing function: While shopping at the mall, Susan is asked her opinion of different brands of shampoo

Which of the following types of credit might business owners obtain to purchase seasonal goods for resale:

How does supply chain management increase customer satisfaction?

Controversial way for a firm to collect data on consumer buying habits & use the datato assess public purpose by using

How can you attempt to cancel a cotract without facing legal actions?

Which of the following statements regarding international trade is true

If an employee is content with the way things are currently done at work, they are more likely to

Electrical hazards, slipping and tripping, and violence are all examples of potential __________ in the workplace.

Entrepreneurial discovery is key in a free enterprise economic system because an entrepreneur or smallbusiness owner can

Which of the following minimizes the costs associated with maintaining a product mix:

Which financial analysis involves comparing the same items on a company's financial statements for two or more periods

Which of the following is an example of an external mechanism of corporate governance:

An entrepreneur is most likely to discuss the concept for a new business with an industry expert when the entrepreneur

Which is a good reason why a business would remove a product from its product mix and replace it with another:

The benefit of moving to bring the company closer to the raw materials needed for manufacture is

Which of the following businesses best represents an innovative entrepreneurial endeavor:

If sales for the 4 month period was 690,000 and fees was 55% of the actual sales, what amount did the business pay go up

Which of the following is a condition that must exist for channels to be effective:

Businesses that develop and implement plans for employees to rush task completion are trying to establish efficient

An overall purpose of market segmentation is to divide the market

Which is most appropriate for a business to take when competitors introduce similar products to the marketplace:

All goods or services sold to customers should

Which of the following is a personal factor that affects the choice of a form of business ownership?

Marketing research can affect the marketing by giving info about various locations that can form the business__ decision

Reliability, courtesy, and competence are primary factors that a company should consider when it develops strategies to

Reason why its important to accurately forecast sales for a marketing plan is because the forecast is the basis of other

Which of the following situations is an example of a business using niche marketing:

Why has enterprise risk management developed?

What is a benefit of corporate governance?

Which of the following identifies an upward economic trend:

What is one of the reasons why a supervisor might prepare a formal business report?

Which of the following is a benefit of debt financing when starting a business:

Arielle knows that she would be a good entrepreneur because she

Which is an internal method that a company uses to facilitate ongoing product and market opportunity recognition

Calculate cash receips if 12,450 in sales, earns $78 in interest, collects 625 in tax, and has 5700 worth in equipment

Which of the following is a true statement regarding the relationship between risk and business objectives:

Which of the following is an example of business process thinking:

A ski shop manager set a goal to increase sales by 10% for the upcoming mild and rainy winter. The objective was

Performance standards should be

Jamie buys every product the companyreleases, writes reviews, and tells people to try the items. She could be known as a

In persuasion, what technique should you follow to be ready to answer questions and give proof?

External factors that affect a company's promotional decisions include

Small-business owners develop and use operating procedures so that everyday tasks are performed in a(n) __________ way

Which of the following is an operations activity in business:

When businesses divide the change in total revenue by the marginal product, they are calculating the

What is one technique Gianna could use to build a stratigic relationship with Nico?

Job applications provide human resources personnel with information about an applicants training, skills, education, and

Wellston Industries want to compare business and target situation. Which of thefollowing will help Wellston get info

The profit a business earns can be determined from the business's

What is the main purpose of encouraging feedback during an employee training session?

Members of a board of directors are

Changing parts of a game that is marketed in countries so the game obeys to local customs and taste is an example of

For successful innovation in the workplace, employees should have a desire to learn and be willing to

Which of the following is a way that marketers can use data to follow up on any problems or issues with a product:

How does a goal differ from a vision?

Which of the following forms of business ownership must obtain a charter from the state(s) in which it operates:

Average electric bill to around 2300 per month with a high of 2375 and a low of 2250. This pay would be a ___ cost

Why do some businesses sponsor local events?

Which of the following is a reason why a small business might share its financial records:

The Salty Pretzel Company, which is doing well in the market, shifts its pricing design toboost profits. The company is

What pricing strategy will be most effective for a business that wants to create an image of great quality and prestige?

Which of the following is an example of a current asset:

What financial tool do entrepreneurs use to plan, monitor, and manage their ventures' income and expenses?

Which of the following is a sign that a company may need to hire more employees:

Three-way light bulbs are made with the same size base. This is an example of a production process that uses _____ parts

How can someone identify what hospital administrators will expect from their service?

Which of the following is an onboarding activity

Indirect channels of distribution are the only channels that involve

Which of the following is a primary purpose of data mining:

Income from sales, cost of goods sold, gross profit on sales, operating cost, and net profit or loss are all part of a

The Barker Company is deciding which channel of distribution by studying the number of potential customers in diff areas

Which of the following technologies do many businesses use to monitor key performance indicators:

Most employers require applicants to complete

Ben borrows $3000 at a 4.25% interest rate and pays back 2 years after earning the loan how much interest will he pay?

To stay competitive business owners must adapt to changes in business environment by checking external factors such as

Which of the following is a task involved in quality assurance:

Small-business owners develop and use operating procedures so that everyday tasks are performed in a(n) __________ way

One of the main external factors that may cause a firm to change its business processes is

One of the benefits of competition to consumers is that competition encourages

A production firm is required to rid of waste in ansafe way. This shows how process design can be affected by__factors

Which of the following economic concepts influences the cost of the production process:

Which of the following parts of a business plan includes the history of the business:

What type of internal business record will help a firm determine the status of its supplies?

The advantage to a business that uses opt-in email to promote its products is that the business can

The maker of a toaster oven offered a specialwhere you could get $50 cash back if proven purchase. This is known as

The advertising medium that can best reach a targeted customer with a specific message is

Which of the following was one of government's original roles in business: