Entrepreneur Test

Which of the spare-time activity is categorize as an entrepreneur?A manager in a large corporation A financial manager in a microscopic firm An owner-manager who bought extinct the founder of a firm A salaried technician in a rapidly-growing high-tech firmAttract more attention and make more headlines in the media. ar not as important to the well-being of society. are highly visible. whiz glaring example of poor ethics practiced by small worryes in general is deprivation of pollution controls. untruthful labeling of harvest-tides.lack of committedness to employees. fraudulent reporting of income and expenses for income tax purposes.Different types of small business ownership opportunities take on all of the following except startups. bailouts. family businesses. rights. The cost of a franchise whitethorn include royalty 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 the business are best expound as overlapping. conflicting. coinciding. having no relationship with each other. Writing a business plan should be thought of asthe means to an end product. an current process. an absolute essential to the startup of businesses. a mental exercise.A firms marketing fluff consists of _____ activities. pricing, promotion, and distribution product, pricing, and promotion product, promotion, and distribution product, pricing, promotion, and distribution A disadvantage of a sole proprietorship is the complexity of the organization the cost of starting the business. the lack of limits on personal liability. the difficulty of distribution. Which of the following is not an environmental curb affecting selection of a business location?CompetitionWeather and climate Laws and regulations untoughened material availability Assets that are relatively liquid are classified as current assets. fixed assets. short-term assets. other assets. Typical surmisal capitalists invest approximately ____ of their investment in later-stage businesses. one-fourth one-half three-quarters nearly all Most customer service problems are determine by personal observation. outside consultants. customer complaints. entries in a pinch box. In general, products that are consumed in fixed amounts have inelastic demand. invariable demand. variable demand. elastic demand.Which of the following does not describe a mode of determining promotional expenditures? Matching industry forecasts Spending as often as the competition What can be spared What it will take to do the job Marcia Mendez, who runs a drapery business, has groups of employees who work in production and in installation. If she decides to use work teams as part of her leadership approach, she must outgrowth supervision. compensation. independence. quality. Which of the following is a legal basis for selecting employees? Gender Age reproduction Disabilities An surveillance plan that judges products as acceptable or unacceptable, right-hand(a) or bad, is known asa 100 percent inspection plan. an attribute inspection. a variable inspection. an inspection sampling plan.The owner of a small manufacturing plant 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 adequate stock levels? Accounts payable records Accounts receivable records Cash records ancestry records