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BUSINESS (Entrepreneurship) CLUSTER EXAM QUESTIONS CORRECTLY ANSWERED AND RATED A.
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BUSINESS (Entrepreneurship) CLUSTER EXAM QUESTIONS CORRECTLY ANSWERED AND RATED A.
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BUSINESS (Entrepreneurship) CLUSTEREXQAM QUESTIONS CORRECTLY
ANSWERED AND RATED A.
A small-business owner might register for trademark protection for the
company's
A. computer software.
B. invention.
C. trade secret.
D. logo.
D
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:
A. Private equity
B. Collateral savings
C. Trade credit
D. Community bank
D
What is a primary factor that small-business owners should consider when
deciding to hire additional
staff members?
A. Interview techniques
B. Payroll expenses
C. Training methods
D. Product standards
B
,Al is thinking about moving his company's headquarters to another city,
which would be expensive but
closer to the raw materials needed for manufacturing. The benefit in moving
is
A. demand.
B. proximity.
C. feasibility.
D. independence.
B
All of a firm's activities and how they function in relation to one another are
known as
A. business operations.
B. efficiency standards.
C. communication goals.
D. desired outputs.
A
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 work
flow is organized by
A. relationship.
B. work teams.
C. authority.
D. territory.
D
Looking at problems from various points of view helps a small-business
owner develop
A. practical arguments.
B. creative solutions.
, C. unnecessary conflicts.
D. unpredictable results.
B
Ellen wants to step back from the day-to-day activities of running her
company. She decides to take the
company to another level by selling public stock. One way Ellen can stay
involved in the company is by
A. arranging a tactical acquisition.
B. appointing a family member as president.
C. serving on the board of directors.
D. hiring her successor.
C
Which of the following categories of information are found on a balance
sheet:
A. Income, expenditures, profit
B. Assets, liabilities, owner's equity
C. Assets, liabilities, margin
D. Revenues, expenses, profit
B
The balance sheet has a close relationship with the company's
A. mortgage.
B. income statement.
C. fair market value.
D. statement of financial position.
B
Which of the following phrases effectively describes a business's income
statement:
A. Income preview
B. Budget estimate
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