ENTREPRENEURSHIP EXAM 3

After being fired from his job, Jack wrote blog posts in which he criticized his former company and all of its employees. He made many negative comments, most of which were untrue. What tort is Jack committing?

• A. Battery

• B. Invasion of privacy

• C. Defamation

• D. Negligence

Patents, trademarks, and copyrights are all methods used to protect

• houses and apartments

• physical inventions

• intellectual property

• government secrets

What types of businesses can be owned by thousands of stockholders?

• General partnerships

• Open corporations

• Close corporations

• Sole proprietorships

A business owner who prefers to maintain complete control of all business activities might consider structuring the venture as a(n)

• sole proprietorship

• general partnership

• "S" corporation

• limited liability company

Channels of distribution benefit businesses by

• allowing them to avoid all channel tasks.

• lowering the prices of all industrial goods.

• raising their profits each year.

• getting their products to consumers more efficiently.

A farmer with a produce stand in the yard is an example of a (a)   distribution channel.

• producer to consumer

• producer to agent to consumer

• producer to retailer to consumer

• producer to wholesaler to consumer

The best way to evaluate the channel members in an international supply chain is often by using a(n)

• global distribution center

• international monetary fund

• global industry benchmarking system

• international trade center

The ultimate purpose of preparing a long, complex, business report is usually to

• be well-organized.

• present all views.

• help with major decisions.

• present accurate data.

Which of the following is an example of a brand promise: A. Low credit terms are available for qualified customers until January 2025. B. Leather sofas only $499 this weekend—buy now at Fred’s Furniture Warehouse. C. Henderson Photography…uniquely capturing your special moments is our priority. D. For your convenience, four Cup O’ Joe locations are open in the greater metro area.

• Low credit terms are available for qualified customers until January 2025.

• Leather sofas only $499 this weekend—buy now at Fred’s Furniture Warehouse.

• Henderson Photography…uniquely capturing your special moments is our priority.

• For your convenience, four Cup O’ Joe locations are open in the greater metro area.

Which of the following statements is true about a mixed economy: A. The government is the primary economic decision maker and also regulates individual and business behavior. B. Individuals are the primary economic decision makers, and businesses control and regulate the system. C. Businesses are the primary economic decision makers, and the government controls the system. D. Individuals and businesses are the primary economic decision makers, and the government helps regulate the system.

• A. The government is the primary economic decision maker and also regulates individual and business behavior.

• B. Individuals are the primary economic decision makers, and businesses control and regulate the system.

• C. Businesses are the primary economic decision makers, and the government controls the system.

• D. Individuals and businesses are the primary economic decision makers, and the government helps regulate the system.