Entrepreneur Test

Which of the succeeding(a) is classified as an entrepreneur?A tutor in a large corporation A financial charabanc in a sm exclusively firm An owner-manager who bought out the founder of a firm A salaried technician in a rapidly-growing high-tech firmAttract more than attention and make more headlines in the media. are not as important to the well-being of society. are highly visible. One glaring manikin of poor ethics practiced by small businesses in world(a) is lack of pollution controls. untruthful labeling of products.lack of loyalty to employees. fraudulent describe of income and expenses for income tax purposes.Different types of small business ownership opportunities include all of the following except startups. bailouts. family businesses. franchises. The cost of a franchise may include royal house payments. high executive salaries. a one-time federal franchise tax. higher-than-usual labor costs. In a family business, the interests of the family and the interests of th e business are best described as overlapping. conflicting. coinciding. having no relationship with each other. Writing a business broadcast should be thought of asthe means to an end product. an ongoing process. an absolute natural to the startup of businesses. a mental exercise.A firms marketing mix consists of _____ activities. pricing, forward motion, and distribution product, pricing, and promotion product, promotion, and distribution product, pricing, promotion, and distribution A disadvantage of a sole proprietary is the complexity of the organization the cost of starting the business. the lack of limits on individualized liability. the difficulty of distribution. Which of the following is not an environmental condition affecting selection of a business location?CompetitionWeather and climate Laws and regulations Raw material availableness Assets that are relatively liquid are classified as catamenia assets. fixed assets. short-term assets. other assets. Typical venture ca pitalists invest more or less ____ of their investment in later-stage businesses. one-fourth one-half three-fourths nearly all Most customer service problems are identified by personalised observation. outside consultants. customer complaints. entries in a suggestion box. In general, products that are consumed in fixed amounts have in tractile demand. constant demand. variable demand. elastic demand.Which of the following does not describe a method of determining promotional expenditures? Matching industry forecasts Spending as much as the ambition What can be spared What it will take to do the job Marcia Mendez, who runs a drapery business, has groups of employees who pasture in payoff and in installation. If she decides to use work teams as part of her leadership approach, she must increase supervision. compensation. independence. quality. Which of the following is a legal basis for selecting employees? Gender Age Education Disabilities An inspection plan that judges products as acceptable or unacceptable, good or bad, is know asa 100 per centum inspection plan. an attribute inspection. a variable inspection. an inspection sampling plan.The owner of a small manufacturing prepare wants inspectors to check the width and length of a product (within specified tolerances) during the production process. This calls for an attribute inspection. a work sampling inspection. a 100 percent inspection plan. a variable inspection. An analysis of which of the following records facilitates maintenance of satisfactory stock levels? Accounts payable records Accounts receivable records Cash records Inventory records