Entrepreneurship Year End Review

Which type of business sells shares of stock to raise capital?

• sole proprietorship

• corporation

• partnership

• LLC

In which form of business ownership does the owner have unlimited liability?

• corporation

• LLC

• sole proprietorship

• DBA

Which financial statement shows what a business owns and owes?

• income statement

• balance sheet

• cash flow statement

• pro forma

Which financial statement shows sales revenue, expenses, and net profit or loss?

• income statement

• balance sheet

• cash flow statement

• pro forma

A return on investment of 200% is healthy.

• true

• false

Which portion of a SWOT is internal to the business?

• Strengths & Weaknesses

• Opportunities & Threats

Subway is opening a new store in the same shopping center as your sandwich shop. Classify this.

• strength

• weakness

• opportunity

• threat

Which form of advertising is the most expensive?

• social media

• television

• newspaper

• radio

A working model of a product is called the ____.

• first

• sample

• prototype

• trial

Which of the following is a demographic describing a target market?

• age

• hobbies

• interests

• opinions