Entrepreneurship
Internal audits are used by __________, while external audits are used by __________.
A. creditors; management
B. stakeholders; employees
C. management; stakeholders
D. employees; competitors
C. management; stakeholders
What information could a salesperson obtain by examining a product?
A. Care
B. Texture
C. Value
D. Price
B. Texture
Many nations have developed environmental regulations in order to encourage
A. ethical behavior.
B. conservation.
C. moral conduct.
D. industrialization
B. conservation.
Desires that can be satisfied without spending money are known as
A. economic wants.
B. consumer goods.
C. tangible objects.
D. non-economic wants.
D. non-economic wants.
In order to handle customer inquiries about the location of goods throughout the business, the salesperson should know the location of all
A. colors.
B. offices.
C. departments.
D. sizes.
C. departments.
Specialty advertising is being used by firms when they
A. sell premiums to potential customers.
B.display the firm's name in lights.
C. hire specialists to do the firm's advertising.
D. give away useful products to customers.
D. give away useful products to customers.
A business that effectively coordinates channel management with marketing activities is more likely to provide
A. good customer service.
B. attractive product displays.
C. free delivery.
D. flexible credit term
A. good customer service.
Mr.Brown has inherited a small sum of money, and he wants to become a business owner. However, he has a full time job that he plans to keep and very little time to operate his own business. What type of ownership should he consider?
A. Corporation
B. Sole proprietorship
C. Franchise
D. General partnership
A. Corporation
Resources that enable businesses to operate are also known as
A. sales.
B. inputs.
C. revenues.
D. outputs.
B. inputs.
What are business people who fail to adapt their communication styles to appeal to their international
clients likely to do?
A. Offend the clients
B. Impress the clients
C. Earn the clients' trust
D. Persuade the clients to buy
A. Offend the clients
What type of software do many businesses require be installed on computer systems as a security feature?
A. Firewall
B. Media
C. Reality
D. Spider
A. Firewall
. Which of the following types of business organizations reduces or limits the risk of its stockholders:
A. Franchise
B. Sole proprietorship
C. Corporation
D. Partnership
C. Corporation
Which of the following is a source of relevant, valid written material:
A. Internet chat rooms
B. Personal e-mails
C. Government publications
D. Computer-generated memos
C. Government publications
One of the disadvantages of private enterprise is
A. pricing system.
B. unequal distribution of income.
C. limited government control.
D. competition.
B. unequal distribution of income.
A high level of self-esteem can help individuals to
A. keep from getting angry.
B. prevent problems.
C. avoid disappointments.
D. cope with criticism.
D. cope with criticism.
A business process change will likely be required if a company
A. goes out of business.
B. merges with another company.
C. plans a meeting for Friday.
D. has a profitable quarter.
B. merges with another company.
Two similar brand promises may be carried out differently depending on their
A. business environments.
B. types of packaging.
C. logos.
D. slogans.
A. business environments.
Jackie's coach is in the middle of explaining a basketball drill, and Jackie interrupts to ask a question. If she had let her coach finish, her question would have been answered. Which of the following steps for following directions did Jackie ignore:
A. Eliminate distractions.
B. Know when to speak.
C. Make eye contact.
D. Take notes.
B. Know when to speak.
What type of market structure is most commonly found in a private enterprise economy?
A. Perfect competition
B. Oligopoly
C. Regulated monopoly
D. Monopolistic competition
D. Monopolistic competition
How can observing a role model help you assess your strengths and weaknesses?
A. You can identify strengths you wish to possess.
B. You can ask him/her to identify your strengths.
C. You can ask him/her to identify your weaknesses.
D. You can identify weaknesses you wish to avoid.
A. You can identify strengths you wish to possess.
Sally wants to incorporate her company and contracts a law firm to handle the legal aspects of the process. This is an example of
A. outsourcing.
B. staffing.
C. designating.
D. exporting.
A. outsourcing.
Interest rates rising and falling by a wide range on a regular basis often are an indication of
A. price equilibrium.
B. seasonal unemployment.
C. flexible capital.
D. economic instability.
D. economic instability.
Mr.Brown has inherited a small sum of money, and he wants to become a business owner. However, he has a full time job that he plans to keep and very little time to operate his own business. What type of ownership should he consider?
A. Corporation
B. Sole proprietorship
C. Franchise
D. General partnership
A. Corporation
Mikael has a $20 bill. Although this money is just a piece of paper and not backed up by a reserve,
Mikael is still able to buy groceries with it because everyone in his country treats it as currency. This $20
bill is known as ______ currency.
A. commodity
B. fiat
C. electronic
D. specie
B. fiat
Which of the following is an example of a business providing information to employees in order to respect
their privacy:
A. Providing cross-cultural communication
B. Sending messages through the grapevine
C. Using easy-to-understand language
D. Explaining that e-mail is monitored
D. Explaining that e-mail is monitored