Entrepreneurship 2 Honors Unit 1 Test

Entrepreneurs who hold themselves to high moral standards from the very beginning

• set their businesses up for sucess

• are destined to go bankrupt

• are unlikely to make a profit

• set the bar low for other companies

Maximizing long-term profitability, promoting the health and well-being of the community, and preserving the environment are all goals of

• business actualization

• business sustainability

• coporate sponsorship

• coporate social responsibility

Bryce recently hired his good friend Tonya to work for his new startup company, even though she had fewer qualifications than some of the other candidates he interview. This is an example of

• puffery

• actualization

• objectivitiy

• nepotisim

Andrew exaggarated his company's anticipated year-one income to entince a potential business investor. In other words, Andrew committed

• trademark infringement

• nepotisim

• coporate responsibility

• puffery

Ethical entreprenuers can be confident that

• They are doing what is best for short term profitability

• their companies are making a positive impact in the world

• the public will not spend extra money to support them

• they are guaranteed to make a large profit in the long term

Depending on the circumstances, stealing someone else's idea and passing it off as your own may constitute

• copyright infringement

• business negligence

• ethical accountability

• trademark awareness

When an entreprenuer makes unethical product decisions, s/he is more likely to

• harm customers through negligence

• gain dedicated, life-long customers

• attract potential business investors

• enhance future earnings potiential

The part of the business plan that discusses where funding for specific projects will come from is called the

• financial plan

• strategy and implementation

• management plan

• market analysis

In which section of his business plan will Paulo discuss each department managers skills? hint you completed this after your Organizational Chart

• company description

• executive summary

• market analysis

• management plan

In which section of the business plan would you find an examination of competitors activities?

• strategy and implementation

• product(s) offered

• market analysis

• management plan