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Entrepreneurship Unit 9 Quiz

Authored by Patricia Wiseman Janikowski

Business

11th - 12th Grade

Used 15+ times

Entrepreneurship Unit 9 Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A stock card includes bar-code scanners and credit card authorization systems that updates inventory whenever a sale occurs.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of achieving goals by establishing operating procedures is called __.

Human Resources

Marketing

Management

Professional Development

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you are consistently out of certain items for sale, you risk losing customer satisfaction, as well as possibly loyalty. 

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of an external factor when considering expanding your business? 

Reputation

Number of employees and managers

Need for more space

Demand for your product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of an internal factor when considering expanding your business?

Number of employees and managers

The national economy's condition

The change in market demographics

Competition within the industry

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some factors to consider when developing a new product?

The development process

Whether it meets market needs

Production Costs

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

cash budget is a report that shows the actual numbers of your cash flows.

True

False

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