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.
What kind of insurance will help to pay your hospital bill if you are seriously ill?
A. Homeowner's
B. Health
C. Liability
D. Disability
b health
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.
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.
When using a debit card to pay for goods and services, the funds are electronically transferred from a(n)
A. checking or credit account.
B. expense or interest account.
C. interest or savings account.
D. savings or checking account.
D. savings or checking account.
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
Eligibility for the federal program Medicaid is largely determined based on a person’s
A. health.
B. gender.
C. age.
D. income.
D. income.
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
6. The 52-week high and low can tell investors
A. if the company has a lot of debt.
B. if it is a good time to buy or sell.
C. whether to invest in a stock or mutual fund.
D. how many times a stock has been sold.
B. if it is a good time to buy or sell.
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
Which of the following would be most likely to help you determine whether you can be successful in a particular line of work:
A. Contacting businesses that are part of the industry
B. Asking your counselor about opportunities in the field
C. Talking to someone who is currently employed in the field
D. Taking courses required of those who do that kind of work
D. Taking courses required of those who do that kind of work