Entrepreneurship
Entrepreneurship
Entrepreneurship
Entrepreneurship
Entrepreneurship
100
The number of years for which a loan is taken out for is known as what?
Term
100
What is an agreement among a group of people?
Consensus
100
What should be the last thing you do before mailing a business letter?
Proofread it
100
The amount added to the cost to determine the sales price is known as what?
Markups
100
What is used to keep track of orders place by customers?
purchase orders/ invoices
200
What is a creative group problem-solving technique that involves generating a large number of fresh ideas?
Brainstorming
200
The reduction in the retail or wholesale price of a product or service is known as what?
discount
200
What is the first step in the problem solving process?
Defining the problem
200
What should you do to ensure that you understand everything a customer or supplier is saying?
Ask questions
200
Give one example of a proper closing at the end of a business letter?
Sincerely, Cordially, Sincerely yours
300
Your business has assigned you to write a business letter to James White. You do not know him personally. How should you address him in the letter?
Mr. White
300
Emily has addressed an art gallery about possibly displaying some art. She did this through a handwritten letter, what has she done wrong?
Never handwrite business correspondence
300
Why should you date your business letters?
Dates may be needed as a reference point in the future.
300
What should you do when you introduce yourself to someone at the start of a business meeting?
Shake hands and make eye contact with the person you are meeting
300
The amount of money borrowed is known as what?
Principal
400
What type of language should be avoided to when writing a business letter?
Fancy
400
What type of tone should you use when writing a business letter?
Positive
400
The percent that is the basis for interest earned or paid is known as what?
Rate of interest
400
The amount deducted from the retail price to determine the sales price is known as what?
Markdown
400
What is the formula for interest payments?
Loan Amount x Rate of Interest= Interest Paid
500
What is the formula for interest earned?
Price of Purchase x Tax Rate= Amount of Sales Tax
500
Name four listening skills that you should use when handling customers.
1. Focus your attention on the person who is speaking. 2. Think about and try to understand what the other person is saying. 3. Ask questions to make sure you understand what the person is saying. 4. Take notes to confirm what you are hearing.
500
What are the three steps in managing a cash drawer?
Start with a set amount in the register Count each denomination Record total on a form or separate piece of paper.
500
What are the six steps in the problem solving process?
Define the problem- Write down the problem and why it is a problem. Gather information- Collect information to solve the problem. Identify various solutions Evaluate alternatives and select the best option Take action Evaluate the action
500
What is the formula for interest payments?
Loan Amount x Rate of Interest= Interest Paid
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