Captain Under-Appreciated
Why is it so important for entrepreneurs to talk with industry experts When developing new business concepts?
The industry experts typically provide useful information, The industry experts usually improve your management skills, The industry experts commonly enhance your confidence, The industry experts frequently offer financial support.
The industry experts typically provide useful information.
Because the MBC Company has one location that services the eastern part of the country and another location that services the western part of the country, the company's workflow is organized by:
Relationship, Work teams, Authority, Territory
Territory
What is the most important factor that Jillian should consider when she selects the photocopier for her new company?
Unit appearance, Taxation, Usage, Business location
Usage
Which of the following is an example of an ultimate consumer:
A teenager buying their first car, A farmer buying seed for crops that will be sold at a later time, A manager buying office supplies, A restaurant owner buying a new oven for the restaurant's kitchen.
A teenager buying their first car
It will rain one day this weekend. Which day?
Saturday
Which of the following statements is true about entrepreneurial discovery:
It ensures that startup businesses have continuous funding, It's an ongoing process that facilitates a business's success rate, It provides entrepreneurs with professional development training, It's a way to determine the long-term profits and losses a company can generate.
It's an ongoing process that facilitates a business's success rate.
To maximize the efficiency of complex business operations, business owners must:
Understand the interdependence of all business functions, Work with financial advisors to reduce tax liability, Rely on economic indicators to develop business strategies, Establish standards after conducting an advertising analysis.
Rely on economic indicators to develop business strategies.
The entrepreneurial discovery process that involves finding a way to meet an existing demand by inventing new products from available resources is based on:
Physics, Medicine, Physiology, Science
Science
Individuals who prefer low-risk options should consider structuring their businesses as:
General Partnerships, Corporations, Sole Proprietorships, Limited Partnerships
Corporations
Who is playing at Gillette Stadium this weekend?
Taylor Swift
What financial tool do entrepreneurs use to plan, monitor, and manage their ventures’ income and expenses?
Request for proposal, Operating budget, Environmental scan, Inbound call report
Operating budget
Which of the following statements is true about new venture risk-taking:
An entrepreneur's financial risk is not closely related to rewards, When the entrepreneur seeks to limit risk, the reward tends to increase, When an entrepreneur seeks a high profit, the risk is usually higher, The entrepreneur who does not care about profit is a high risk taker.
When an entrepreneur seeks a high profit, the risk is usually higher.
Which of the following situations is an example of a social risk that is associated with starting a new business:
Adam is working 14 hours a day at his new company it is not spending time with his friends, As a new business owner, Cassidy is so worried about failing that she develops an ulcer, When Nigel started his new business, he took out a bank loan and used his home as collateral, Julie a successful business person is willing to quit her job to start a new business.
Adam is working 14 hours a day at his new company it is not spending time with his friends.
Federal legislation that makes it unlawful to discriminate against employees based on age has virtually eliminated:
Groupthink tendencies, The chain of command, Affirmative action, Mandatory retirement
Groupthink tendencies
What state just banned Tiktok?
Montana
To determine their human-resource needs, new business owners often find it helpful to:
List all the tasks involved in operating the business, Ask a technical recruiter for advice, Hire family members and friends, Allocate funds for additional payroll taxes
List all the tasks involved in operating the business.
As a small-business owner, Jackie regularly holds meetings with her employees to get new ideas about the customers’ needs and wants, which is one way to:
Size up the competition, Recognize growth opportunities, Implement publicity strategies, Identify budget trends
Recognize growth opportunities
Which of the following is a technological trend that impacts new business ventures:
Private Enterprise movement, Liberal trade agreements, Environmental awareness initiatives, Cloud computing applications
Cloud computing applications
An advantage to a business of filing Chapter 11 bankruptcy is that the process allows the business to:
Eliminate taxes, Increase debt, Reorganize, Buy assets
Reorganize
What famous couple had a 'near catastrophic car chase' through the streets of Manhattan?
Prince Harry & Meghan Markle
Evan does not want the legal obligation of repaying a loan and is willing to share profits with others. Which of the following options is Evan most likely to select to fund a new venture:
Collateral savings, Private equity, Trade Credit, Central Bank
Private Equity
To stay competitive, business owners must adapt to changes in the business environment by monitoring external factors such as:
Profit margins, Economic conditions, Product development, Staffing needs
Economic conditions
Small business owners develop and use operating procedures so that everyday tasks are performed in a(n) _______ way.
Standard, Imprecise, Diverse, Innovative
Standard
One reason why businesses screen job applications before conducting interviews is to determine if the applicants:
Meet the minimum requirements, Have the proper attitudes, Attended well-known educational institutions, Were paid less at their previous jobs
Meet the minimum requirements
What airline made its first nonstop flight from T.F. Green airport to Los Angeles?
Breeze Airways