Bus Foundations WebXam Study Guide Quiz

What determines entrepreneurial potential according to the WebXam Study Guide?

• Market analysis

• Entrepreneurial Surveys

• Sales forecast

• Marketing plan

What is the primary reason businesses fail as listed in the WebXam Study Guide?

• Lack of preparation or no business plan

• Lack of experience

• Poor communication

• No customers and/or market

What is "litigation" as defined in the WebXam Study Guide?

• Signing a contract

• Legal action - going to court

• Starting a business

• Conducting market research

According to the WebXam Study Guide, what is a "non-disclosure agreement"?

• A contract to share confidential information

• An agreement to work together on a project

• An agreement that you will not talk about a settlement

• A financial statement for investors

What does a Trade Surplus indicate as per the WebXam Study Guide?

• Imports > Exports

• Exports = Imports

• Exports < Imports

• Exports > Imports

What does a Trade Deficit indicate according to the WebXam Study Guide?

• Exports > Imports

• Exports = Imports

• Imports > Exports

• Imports < Exports

What is an Income Statement?

• A document that lists all the employees in a business

• A document that represents the overall health of a business

• A summary of a business's marketing strategies

• A record of a business's inventory levels

During a "Recession," what typically happens?

• The economy experiences growth for 2 or more quarters

• The economy experiences a decline for 2 or more quarters

• The stock market reaches an all-time high

• Consumer confidence peaks

What is the difference between a stakeholder and a stockholder?

• A stakeholder is a customer, while a stockholder is an employee

• A stakeholder is a creditor, while a stockholder is an investor

• A stakeholder encompasses more people, including anyone affected by the business

• There is no difference; they are interchangeable terms

What is the impact of good credit on loan interest rates?

• Good credit leads to higher loan interest rates

• Good credit has no impact on loan interest rates

• Good credit leads to a loan with low interest

• Good credit results in a loan being denied