Introduction to Entrepreneurship Study Test Question and Answers
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Introduction to Entrepreneurship Study Test Question and Answers
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Intro duction to Entrepreneurship Study Test Question and Answers Which type of business produces processed goods by changing raw goods into a more finished form? Answer: Processors Which of the following is an example of a non -profit organization? Answer: Salvation Army The employment process is carried out by which d epartment? Answer: Human resources True/False: Intrinsic motivation occurs internally and includes enjoyment and accomplishment? Answer: True True/False: Group training gives employees hands -on practice with supervision Answer: False A system used to re cord, classify, summarize and report the financial position of a business is known as which of the following? Answer: Accounting Which of the following is the goal of the finance department? Answer: Determining the use of company resources and funds True/False: The focus of the maturity stage (stage 3) in the product life cycle is to build customer satisfaction and recognize competitors entering the market? Answer: False True/False: Psychological needs are those for necessities such as safety, securi ty and health Answer: False Which of the following is NOT one of the modes of transportation distribution typically uses for transportation? Answer: Cable Which of the following is NOT one of the considerations to determine if you "have what it takes" to start a business? Answer: Experience When conducting a market analysis, you should forecast the next Answer: Three to five years What is the term for specific, time -sensitive accomplishments used to measure the short -term progress of an organization? Answer: Objectives Which of the following business structures work great for small businesses? Answer: Hierarchical Management profiles do NOT include which of the following? Answer: a description of family With what office do owner(s) register the busine sses name? Answer: Secretary of State Site locators _______________ the ability to promote the business and be successful. Answer: Increase Which of the following is NOT suggested to prevent groupthink? Answer: Avoid members with dominant personalities The statement: "to increase our brand recognition" is an example of which of the following? Answer: Goal Which of the following structures adopt the chain -of-command methodology? Answer: Learning based Which of the following is NOT a management character istic associated with delegating management? Answer: To be a micromanager True/False: Telling management works best when employees are not willing and/or able to do the job. Answer: True Which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine? Answer: Laissez Faire Who should external communication flow through? Answer: A public relations person or manager True/False: The first step of the communication process is the receiver decoding the messa ge. Answer: False A speech is an example of which type of communication. Answer: One -way spoken Which of the following is NOT one of the five sections of a business plan? Answer: Executive description True/False: The business philosophy describes the business's education training, strengths, weaknesses and personal development. Answer: False
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