ME Final Exam/IA2 Review

ME Final Exam/IA2 Review

Assessment

Flashcard

Other

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

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40 questions

Show all answers

1.

FLASHCARD QUESTION

Front

The activities associated with setting up a new business is known as _____.

Back

Entrepreneurship

2.

FLASHCARD QUESTION

Front

Which management style is characterized by a laid back approach with minimal direction and supervision, allowing employees with expertise to operate independently? Options: Autocratic, Democratic, Laissez-Faire, Authoritarian

Back

Laissez-Faire

3.

FLASHCARD QUESTION

Front

Why did Clifford open his own house cleaning business? Options: To follow a passion, Filling a need, Running a better business, Inventing a product

Back

To follow a passion

4.

FLASHCARD QUESTION

Front

The determination of whether an idea has the capability to be successful or not is known as ______.

Back

Feasibility

5.

FLASHCARD QUESTION

Front

How do franchisers make money? Options: Initial franchise fee, Royalties, Yearly franchise fee, All of the above

Back

All of the above

6.

FLASHCARD QUESTION

Front

Natural risks are _____ and _____.

Back

Insurable and uncontrollable

7.

FLASHCARD QUESTION

Front

A _____ statement outlines where a company wants to go in the future and is focused on short-term and long-term goals.

Back

Vision

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