Entrepreneurship Final Exam

Front

People who own, operate and take the risk of business ventures are called?

Back

entrepreneurs

Front

Special meetings where companies of the same or related industries display their products are called? Options: Social Networking, SBA, Trade Shows, Internet Activities

Back

Trade Shows

Front

Thoughts or concepts that come from creative thinking are called?

Back

ideas

Front

A corporate executive who develops new business within a corporation is called what? Options: Social Entrepreneur, Intrapreneur, Green Entrepreneur

Back

Intrapreneur

Front

Do more than half of all new businesses survive beyond four years?

Back

False

Front

What must be subtracted from net sales to find gross profit?

Back

Cost of goods sold

Front

Taking a physical inventory means counting the number of items you have in stock.

Back

True

Front

Training and compensating the employees of a business is part of which management function? Options: Planning, Staffing, Implementing, Controlling

Back

Staffing

Front

The person in a business who is responsible for planning, organizing, staffing, implementing, and controlling the operations of a business is the

Back

manager

Front

Analyzing your sales by product can help you: determine whether or not your business is earning a profit, make decisions about what kind of inventory to stock, find the breakeven point, determine the amount of income tax to pay

Back

make decisions about what kind of inventory to stock