G Metrix

Successful entrepreneurs posses which 3 of the following?

• Creative

• Selfish

• Argumentative

• Responsible

• Adaptable

A business owner opened a new pizza restaraunt and there were complaints about the pizza being cold. He offered the drivers an incentive if the pizzas arrived on time. What was he improving?

• Service

• Selection

• Location

• Price

What are the 3 C's in business plans?

• Career

• customers

• concept

• capital

What is the primary advantage of partnership over sole proprietorship?

• More than one person to pay the bills

• Limited Liability

• Taxed at a lower rate

• Stockholders

A business person invents a new type of ice cream scoop what does he apply for so no one else can claim it?

• Copyright

• Patent

• Trademark

• Logo

A consultant wants to use a form of marketing to reach prospective clients at a medical conference, what does he use?

• Texting

• Radio

• Tweeting

• Networking

What is the best way to attract new customers in the neighborhood to a local business?

• Radio

• Promotional discount

• TV

• coupons

Why does a gas station charge more for customers that use a credit card?

• To bring in more customers

• Too offset the charges from the credit card company

• To discourage credit cards

• To protect the customers from fraud

An electrician has fixed costs of 1500 per month. His variable costs are 70$ per customer and each customer pays 110$. How many repairs are needed for the break even point?

• 125

• 70

• 450

• 1500

Which characteristic is a benefit of sole proprietorship?

• Taxes

• Can not be fired

• Long hours

• Liability