entrepreneurship

"Channels of Distribution" are the routes that products and services take from the time they are produced to the time they are consumed.

• True

• False

To prepare a pro forma cash flow statement, you must forecast your

• losses

• liabilities and assets

• revenues and operating expenses

• equity capital

Successful entrepreneurs only use intuitive methods to effectively solve problems and make decisions.

• True

• False

Government influences production in a market economy by

• determining what goods and services are to be produced

• providing subsidies to producers of certain kinds of goods

• selling goods and services

• taxing monopolies at a high rate

The appendix includes supporting evidence such as

• current financial statements

• newspaper articles

• letters of recommendation

• loan requirements

A "Want Ad" should

• be sent to employment agencies in your area

• be placed in your store window

• briefly describe the position you want to fill

• be used when evaluating an employee

Which of the following is an important tip to keep in mind when conducting a face-to-face business meeting?

• take notes

• speak clearly

• thank the person at the end of the meeting

• show that you are listening carefully

• all of these

____________ is the total market value of goods and services produced by workers and capital within a country during a given period.

• Federal Reserve

• Factors of Production

• Resources

• Gross Domestic Product

Information collected for the very first time to fit a specific purpose is

• psychographics

• primary data

• secondary data

• market data

An advantage of a warehouse location is that it is one of the least expensive rentals.

• True

• False