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- Multiple ChoicePlease save your changes before editing any questions.
A creative ________, he was continually dreaming up new projects.
trader
merchant
entreprenuer
seller
- Multiple ChoicePlease save your changes before editing any questions.A target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.Companies, BusinessCompanies, ResearchCustomer, BusinessBusiness, Customer
- Multiple ChoicePlease save your changes before editing any questions.a business planis useful once your business is operational but not much help during the startup phaseis not usually needed to secure financing in your businesscan serve as a tool for managing your business once it is up and runningAll of the above
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following best describes the term limited liability? If the business fails:
Personal possessions of the owner can be taken to pay any debts
The owner is personally liable for all the debts of the business
There is no limit on the amount the owner has to pay to settle debts
The owner only loses the amount invested in the business
- Multiple ChoicePlease save your changes before editing any questions.
Which type of legal structure is used when two or more people join together to start a business and have unlimited liability?
Sole trader
Partnership
LTD
PLC
- Multiple ChoicePlease save your changes before editing any questions.
Which of thes options best describes opportunity cost?
The price of taking a chance
The alternative you have to go without in a choice of two things
The cost of opportunity
The price you pay when you make a choice
- Multiple ChoicePlease save your changes before editing any questions.
Which of these are external factors that influence financial decisions?
Price
Personal
Cultural
Marketing
Finance
- Multiple ChoicePlease save your changes before editing any questions.All true communication must have the following:A sender and a receiverA speaker and a listenerA hearer and a listenerA speaker and an interpreter
- Multiple ChoicePlease save your changes before editing any questions.You should not look the other person in the eyes because it can mean you are mad at them.TrueFalse
- Multiple ChoicePlease save your changes before editing any questions.An example of active listening is:Listening close and taking good notesSkimming the outline carefullyMoving around while others speakFocusing on main ideas being communicated and responding with full attention
- Multiple ChoicePlease save your changes before editing any questions.Only liable for up to the amount invested into the company, and has little to no voice in management.General PartnerProprietorLimited PartnerCorporation
- Multiple ChoicePlease save your changes before editing any questions.What is the most common form of business ownership?CorporationCompanySole ProprietorshipLLC
- Multiple ChoicePlease save your changes before editing any questions.What is a form of business ownership in which 2 or more people jointly owns a businessSole ProprietorshipCompanyPartnerships
- Multiple ChoicePlease save your changes before editing any questions.Someone who creates their own business is called a(n)...EntrepreneurBillionaireInvestorStock Holder
- Multiple ChoicePlease save your changes before editing any questions.Which industrialist is best known for his work in the steel industry?Charles LindbergAndrew CarnegieJohn Rockefeller
- Multiple ChoicePlease save your changes before editing any questions.a highly populated city arearuralurbansuburbanagricultural
- Multiple ChoicePlease save your changes before editing any questions.What is the first stage of business activity?PrimarySecondaryTertiary
- Multiple ChoicePlease save your changes before editing any questions.What is the second stage of business activity?PrimarySecondaryTertiary
- Multiple ChoicePlease save your changes before editing any questions.What is the third stage of business activity?PrimarySecondaryTertiary
- Multiple ChoicePlease save your changes before editing any questions.Which of the following is an example of PRIMARY business activity?FactoriesShopsSchoolsFarmers