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Topic 1. Fundamental of Entrepreneurship
Topic 2. Types of Business Structure
Topic 3. Business Market & Competition
Topic 4. Basics of Starting a Business
Topic 5. Create a Business Plan
Topic 6. Get Financing
Topic 7. Hire Employees
Topic 8. Training Employees
Topic 9. Market the Business
Topic 10. Run the Business
Final examination
Which of the following requires customers to answer specific questions?
Тип ответа: Одиночный выбор
O survey
О panel
О demographic
О research
*
In parallel to these developments in the regulation of economic and social activities, there was also the rise of regulation outside government.
Тип ответа: Одиночный выбор
O true
О false
*
What is bottom-up budgeting?
Тип ответа: Одиночный выбор
O budgeting in which cost projections start at the departmental level with employees, then go up
O budgeting that is only monitored on a quarterly basis
O budgeting that starts with a «zero baseline». All expenses must be justified each period
O budgeting in which cost projections start at the highest level of the company (i.e. executives), then come down
*
A company always advertises savings. What is the objective?
Тип ответа: Одиночный выбор
O expansion
О customer service
O luxury
O low prices
*
Which of the following prevents double taxation?
Тип ответа: Одиночный выбор
O sole proprietor
O corporation
O partnership
O S corporation
*
What does «feedback» include?
Тип ответа: Одиночный выбор
O negative and positive comments about the employee's performance
O only positive comments about the employee's performance
O only positive comments about the employer's performance
O only comes from customers, and can be positive or negative
*
What is self-financing?
Тип ответа: Одиночный выбор
О financing that you provide for the business yourself
O financing that a friend provides to the business
O financing that the government provides to the business
O all of the above
*
Which of the flowing pages should your website have?
Тип ответа: Одиночный выбор
O About us Page
O DIY Page
O Food blog Page
O Style and Art Page
*
Their total annual turnover of £51 billion represented around 8 per cent of the annual gross domestic product of the UK, and not only the results of regulation but the processes used to regulate had prompted unprecedented concern.
Тип ответа: Одиночный выбор
O true
О false
*
What are some ways to advertise your job openings?
Тип ответа: Одиночный выбор
O all of the below
O placing ads in the paper
O help wanted signs in the window
O sites
*
Business plan is a business map
Тип ответа: Одиночный выбор
O true
О false
*
Family business comes with its own risk
Тип ответа: Одиночный выбор
O true
О false
*
What should you consider when outlining what you're looking for in a potential candidate?
Тип ответа: Одиночный выбор
O all of the below
O does the person need to be able to lift a lot of weight
O does the person need to be friendly
O Whatskillsareneededforthejob
*
What is the purpose of asking behavioural questions during an interview?
Тип ответа: Одиночный выбор
O all of the below
O to see what their skills are
O to see how they will act while at work
O to see if they are physically able to meet the job requirements
*
When providing re-training or additional training, it is important that your employee knows ...
Тип ответа: Одиночный выбор
O that you are providing this training to boost them up, not bring them down
O that if they don't take the training you will fire them
O that they are doing a horrible job and shouldn't be there
O none of the above
*
Case study. Marcia's mom has decided to start a new quilting business. Her mom makes the prettiest quilts she has ever seen, and is so excited that now the public can enjoy them also. Her mom decided that she would place an ad in the classified section of the newspaper to advertise. Unfortunately, her ad hasn't assisted her in receiving any business. Marcia can see her mom struggling and decides to look at different advertising options. She knows that her mom does not have a lot of money, so she decides that using the internet would be the best option for them. She creates her mom a website that displays all of the beautiful quilts that she offers. She also signs the business up for a Facebook page and a Pinterest account. Marcia posts pictures of her mom's blankets on both accounts. Within a month, the orders are flooding in and Marcia has never seen her mom so happy In the case study, what action did Marcia take to help her mom's business?
Тип ответа: Одиночный выбор
O she didn't do anything to help her mom's business
O she aired a television ad
O she took out ads in the paper
O she used social media for advertising
*
How should you create the plan?
Тип ответа: Одиночный выбор
O by element
O in order
O all at once
O it does not matter
*
Which of the following is not an organization helps and informs entrepreneurs?
Тип ответа: Одиночный выбор
O SEC
О U.S. Small Business Administration
O FERPA
O BusinessUSA
*
What is the definition of networking as described in the text?
Тип ответа: Одиночный выбор
O exchange of information or services among individuals, groups, or institutions; specifically: the cultivation of productive relationships for employment or business
O the way you hook computers up to the internet
O a system of computers, peripherals, terminals, and databases connected by communications lines
O radio or television company that produces programs for broadcast over such a network
*
According to reports, emails that include a social media button have ... of a click-through-rate higher than email that do not?
Тип ответа: Одиночный выбор
158%
100%
92%
72%
*
Which section of the plan can not be complete at the beginning?
Тип ответа: Одиночный выбор
O executive summary
O sales and marketing
O market analysis
O company description
*
A good business website should ...
Тип ответа: Одиночный выбор
O all of the below
O Iookclean
O look professional
O translate what the product/service is instantly
*
What is SCORE?
Тип ответа: Одиночный выбор
О a non-profit organization that provides information and mentoring for entrepreneurs
O a numerical rating that determines credit worthiness
O the number of times someone has succeeded at the task at hand
O none of the above
*
An interview is an opportunity for all parties to know each other more
Тип ответа: Одиночный выбор
O true
О false
*
All of this will help understand a business market except
Тип ответа: Одиночный выбор
O guessing
О observation
О trend
О forecasting
*
What should you have with your suppliers?
Тип ответа: Одиночный выбор
O master agreement
O informal contract
O verbal agreement
O no agreement
*
In the case study, his stranger invests in a company for profit sharing objective. What kind of investors are they?
Тип ответа: Одиночный выбор
O Venture Capital Investors
O Government
O self-financing
O none of the above
*
Where is the SWOT analysis located in the outline?
Тип ответа: Одиночный выбор
O company description
O executive summary
O product description
O marketing
*
What is the risk of choosing a name similar to a known brand?
Тип ответа: Одиночный выбор
O lawsuit
О creativity
О confusion
О disinterest
*
Which of this is not a type of business structure?
Тип ответа: Одиночный выбор
O business man
O one man business
O partnership
O corporation
*
What would indicate that you should not open a doughnut shop?
Тип ответа: Одиночный выбор
O the other doughnut shops closed
O there are no other doughnut shops
O the other doughnut shops are thriving
O none of the above
*
Which of the following is not included in self-financing?
Тип ответа: Одиночный выбор
O none of the below
O borrow money against your life insurance
O save up money
O take out a home equity loan
*
Which of the following is NOT one of the three main types of investors?
Тип ответа: Одиночный выбор
O Self-Financing
О Private Equity
О Venture
О Angel
*
In which structure is one partner held responsible for the decisions of another?
Тип ответа: Одиночный выбор
O general partnership
O LLC
O limited partnership
O C Corporation
*
Once you have narrowed down to a pool of qualified supplier candidates, what should you send them?
Тип ответа: Одиночный выбор
RFP
questionnaire
invoice
payment
*
Which of the following is not a type of Start-up financing?
Тип ответа: Одиночный выбор
O Personal bank account over draft
O Government Grants
O Angel Investors
O Bank Loan
*
What does the term «company culture» mean?
Тип ответа: Одиночный выбор
O company culture is the behavior of the people in the company
O what the company furniture looks like
O what the religion is of everyone in the company
O none of the above
*
Which part of the business plan is typically created last?
Тип ответа: Одиночный выбор
O executive summary
O market analysis
O product/services
O sales/marketing
*
What explains the threats that the company will face?
Тип ответа: Одиночный выбор
O SWOT
О financials
О mission statement
O vision statement
*
What should you do if you are not comfortable with an accountant who has good qualifications?
Тип ответа: Одиночный выбор
O hire someone else
O hire the accountant
O do not hire any accountant
O none of the above
*
What helps monitor online trends?
Тип ответа: Одиночный выбор
O all of the below
O google trends
O observation
O key words
*
A business where more than one person take responsibility for roles and responsibility is referred to as
Тип ответа: Одиночный выбор
O partnership
О sole proprietorship
O business man
O corporation
*
Case study. Three years ago, Bethany started a shop in which she sells handmade bead bracelets. With her selling one type of bead bracelets (same type of bead, many different colors), she was able to quickly narrow down her choice of a supplier. She and her supplier, Beads - n - More, have a great working relationship. They've always provided the product on time and Bethany has always paid their invoices in a timely manner. Business is great! Bethany's company has been selling quite well and has always maintained a positive cash flow. Although everything is going well, Bethany realizes she spends funds on materials and other things without keeping track of those things. She decides what she needs to do is create a formal company budget. Each quarter, she reviews the budget, compares it to the money that has come in and gone out of the company, and determines if she has stayed on budget. After the first two budget reviews, she sees that she has firmly adhered to the budget and gives herself a pat on the back for a job well-done. What does Bethany develop?
Тип ответа: Одиночный выбор
O budget
О business plan
O new business strategy
O personnel hiring plan
*
What should a job description outline?
Тип ответа: Одиночный выбор
O all of the below
O where one person's job stops, and another's begins
O how much you get paid
O when you start your job
*
What is negative cash flow?
Тип ответа: Одиночный выбор
O more money going out than coming in
O more money coming in than going out
O the same amount of money coming in and going out
O none of the above
*
According to the study done by PWC, TV ads resulted in ... times increased sales.
Тип ответа: Одиночный выбор
4.55
3.55
2.55
5.55
*
What must be understood to offer value?
Тип ответа: Одиночный выбор
O customers
О communication
О interest
О expertise
*
One of the purposes of following up with a customer is:
Тип ответа: Одиночный выбор
O to gain a repeat customer
O to make sure the product / service is not performing as it should
O because it is the law
O to buy products / services from them
*
In the ... century, there was a burgeoning of regulation, with the emergence of specialist regulatory institutions and a host of measures dealing with public health and employment conditions.
Тип ответа: Одиночный выбор
O nineteenth
О eighteenth
О seventeenth
*
How can you train new employees on company culture?
Тип ответа: Одиночный выбор
O new employee orientation
O providing a mentor
O written information
O all of the above
*
The main competitor is focused on price. What will stand out?
Тип ответа: Одиночный выбор
O offer lower prices
O focus on customer service
O communicate with customers
O advertise online
*
A one-man business refers to
Тип ответа: Одиночный выбор
O sole proprietorship
O business man
O partnership
O corporation
*
The simplest form of business structure is referred to as
Тип ответа: Одиночный выбор
O sole proprietorship
O business man
O partnership
O corporation
СИНЕРГИЯ Основы предпринимательства ответы на тесты (Final examination)