entrepreneurship
. One reason why a business might terminate an employee for cause is if the employee
A. refuses a promotion.
B. is a whistle-blower.
C. jeopardizes coworkers.
D. needs additional training.
C. jeopardizes coworkers.
Cortland buys a car now, but he doesn't have to pay for it until later because he purchased it with
A. interest.
B. loyalty.
C. convenience.
D. credit.
D. credit.
People who are treated fairly on the job are more likely to be
A. time wasters.
B. less productive.
C. satisfied workers.
D. absent more.
C. satisfied workers.
During an interview, a job applicant can indicate to the interviewer an interest in the position by
A. staring out the window.
B. looking at their feet.
C. maintaining eye contact.
D. slouching in their chair
C. maintaining eye contact.
When you monitor projects, you are more likely to
A. find flaws in your team's work.
B. struggle to stay focused on the goal.
C. achieve better project results.
D. take over all of the project work.
C. achieve better project results.
Gross profit shows business owners the difference between what they've
A. spent and received.
B. received and billed.
C. estimated and invoiced.
D. paid and risked.
A. spent and received.
Two years ago, Xavier borrowed $12,500 from his bank to purchase a new car. Unfortunately, he lost his job about a year ago, and he hasn't been able to make a payment on the loan for 6 months. As a result, the bank is taking steps to seize his car. This is called a
A. foreclosure.
B. debt consolidation.
C. forbearance.
D. repossession.
D. repossession.
A government charges a $0.184 tax on each gallon of gasoline, regardless of location or price. This is an example of __________ tax.
A. excise
B. sales
C. estate
D. capital gains
A Excise.
Laws that prohibit violence against others are an example of which function of the law?
A. Enacting social change
B. Maintaining order
C. Ensuring equality
D. Resolving disputes
B. Maintaining order
Throwing out junk mail and unnecessary documents on a regular basis will help you
A. delegate your workload.
B. ensure that you meet your deadlines.
C. prioritize routine work activities.
D. maintain an organized workspace
D. maintain an organized workspace
At what stage of the entrepreneurial process does an entrepreneur determine the amount of capital needed to launch the business?
A. Harvesting
B. Actualization
C. Development
D. Discovery
C. Development
Why do businesses often make it possible for employees to meet during work time and participate in group discussions?
A. To discuss personal issues
B. To plan extracurricular activities
C. To have casual conversations
D. To share many different opinions
D. To share many different opinions
Determine the assets of a business based on the following information: cash of $4,000, accounts receivable of $2,300, inventory of $8,460, equipment worth $3,500, and long-term debt of $12,850.
A. $18,260
B. $16,320
C. $5,410
D. $4,980
A. $18,260
A business wants to send a mailing to all customers who have ordered at least $2,500 in merchandise in the past year. To obtain the appropriate list of customers, the business should set the query by
A. credit rating and location.
B. product code and zip code.
C. sales dollars and dates.
D. last name and account number.
C. sales dollars and dates.
Building positive customer relations is one of the least expensive ways for a business to
A. compete with other businesses.
B. manufacture goods.
C. offer employee bonuses.
D. attract investors.
A. compete with other businesses
Aubrey wants to make sure she has a good understanding of the target customers for her new venture, so in her business plan, she should include a(n)
A. company description.
B. executive summary.
C. market analysis.
D. competitive analysis
C. market analysis.
When a company experiences a change in human resources management, it will also experience a change in
A. financial analysis.
B. market share.
C. profits.
D. name.
A. financial analysis.
Each month, Maggie checks her bank statement against her own record of her deposits and withdrawals. Maggie is __________ her bank statement.
A. disputing
B. challenging
C. reconciling
D. creating
C. reconciling
Institutions and individuals have __________ wants and __________ resources.
A. limited; unlimited
B. unlimited; limited
C. unlimited; unlimited
D. limited; limited
B. unlimited; limited
A benefit of using an integrated software application package is that it allows businesses to
A. search the internet for information.
B. develop research reports.
C. prepare routine budgets.
D. manage all aspects of the operation.
D. manage all aspects of the operation.
SWOT analysis is a technique for summarizing a company's
A. skills, workers, organizations, and teams.
B. strategy, wholesalers, objectives, and trademarks.
C. strengths, weaknesses, opportunities, and threats.
D. store, warranty, occupations, and tariffs.
C. strengths, weaknesses, opportunities, and threats.
Ella needs to develop an overall plan for his business but does not know what type of information to include in the document. Ella logs onto a search engine to quickly locate the information he needs. Which of the following search terms is most likely to provide Ella with desired search results:
A. Business plan elements
B. Develop planning document
C. Business document components
D. Plan components
A. Business plan elements
What type of retirement plan gives employees little control but guarantees a specific amount for employees?
A. 401(k)
B. Defined contribution
C. Defined benefit
D. Social Security
C. Defined benefit
. Alma is preparing a presentation about her department's budget to make to the company president. She wants to use a visual representation of the budget that shows parts in relation to the whole. Alma should consider using a
A. line graph.
B. pie chart.
C. bar graph.
D. table.
B. pie chart.
21. Which of the following is an important component of computer systems:
A. Internet
B. E-commerce
C. Software
D. Website
C. Software