Unit 1
Unit 2
Unit 3
Unit 4
Miscellaneous
100
One of the purposes of developing a business plan is to __________ for the business. A. invest resources B. acquire customers C. provide direction D. identify employees
C. provide direction
100
If a real market opportunity exists, there will be a A. competitor. B. supply. C. demand. D. charge.
C. demand.
100
Why do businesses organize employees according to some type of specific structure? A. To analyze competency B. To reward accomplishments C. To assign responsibilities D. To regulate performance
C. To assign responsibilities
100
It is important for a business to evaluate the financial condition of a potential vendor during the vendorselection process to assess the A. vendor's levels of customer service. B. reliability of the products that the vendor carries. C. risk levels of doing business with the vendor. D. vendor's required lead times
C. risk levels of doing business with the vendor.
100
Translate: Que Pedo?
Whats up?
200
Managers should understand the factors in a business's external environment because these factors A. are the result of government regulation. B. affect all businesses in the same ways. C. exist in an unchanging environment. D. affect the direction a business takes.
D. affect the direction a business takes.
200
A business conducts research so it can analyze market needs, which often includes A. selecting promotional media. B. developing new products. C. identifying trends. D. hiring employees.
C. identifying trends.
200
Which of the following types of information can be obtained from a business's organizational chart: A. A schedule of salaries B. The design of each job C. The chain of command D. A description of each job
The chain of command
200
Which of the following is an important question that a business should ask when selecting a vendor: A. Does the vendor have the resources to consistently meet our business's needs? B. What computer program does the vendor use for its project management processes? C. What is our business's target market? D. What are our business's strengths and weaknesses?
A. Does the vendor have the resources to consistently meet our business's needs?
200
Who is our class athlete?
Phillip
300
A person who wants to start a new company and needs financial support should develop a business plan to present to potential A. promoters. B. competitors. C. clients. D. investors.
D. investors.
300
Which of the following is an example of a business's core values: A. We deal honestly and fairly with our customers and ourselves. B. We are decreasing our overall expenses by 5% over the next 12 months. C. Demonstrate a customer-service mindset. D. Social media are used to reach our target market.
A. We deal honestly and fairly with our customers and ourselves.
300
What type of organizational structure is a business using if it groups employees according to the type of work they do? A. Horizontal B. International C. Departmental D. Geographical
C. Departmental
300
What is the most important factor for a west-coast business to consider if it plans to use a supplier who is located in the same country on the east coast? A. Exchange rates B. Personnel policies C. Delivery timeline
C. Delivery timeline
300
Who stole the assignment that one day?
Luz?
400
Which of the following parts of a business plan includes the history of the business: A. Executive summary B. Market analysis C. Strategy and implementation D. Company description
D. Company description
400
Jenny tried ABC peanut butter and now buys it regularly. This is an example of brand A. recognition. B. identification. C. loyalty. D. insistence.
A. recognition.
400
What important factors should a small-business owner consider when deciding if s/he should hire an additional employee? A. Necessary skills and affordability B. Property taxes and benefits C. Screening process and skill set D. Training needs and attitude
A. Necessary skills and affordability
400
104. Although hiring a highly skilled employee is an added expense, a business owner benefits because the employee's activities increase the firm's overall productivity based on his/her A. expertise. B. self-control. C. attitude D. inability.
A. expertise.
400
Who has the most early dismissals?
Dallas
500
Which of the following is an example of a technological trend that would affect business: A. The support of business with subsidies B. The enforcement of safety rules C. The rising median age of the population D. The expanded use of computers
The expanded use of computers
500
Robney Corporation, a candy manufacturer, is using advertising and coupons to introduce the "Wacky Bar," a new candy bar. The company is trying to create brand A. insistence. B. quality. C. performance. D. recognition.
D. recognition.
500
A business that has a short-term need for more employees should consider hiring __________ workers. A. overtime B. full-time C. temporary D. permanent
C. temporary
500
Al is thinking about moving his company's headquarters to another city, which would be expensive but closer to the raw materials needed for manufacturing. The benefit in moving is A. independence. B. demand. C. feasibility. D. proximity.
D. proximity.
500
Who is the #1 Entrepreneurship part 2 teacher in the state?
MR ERDT
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