Micro-Enterprise Review part 2

Which of the following is a state government agency: Internal Revenue Service (IRS), Louisiana Workforce Commission (LWC), Department of Defense (DOD), Better Business Bureau (BBB)

• Internal Revenue Service (IRS)

• Louisiana Workforce Commission (LWC)

• Department of Defense (DOD)

• Better Business Bureau (BBB)

What is a “registered agent?”

• an individual responsible for receiving legal documents

• a person who registers businesses with the government

• a legal advisor for corporations

• a financial auditor for companies

Effective marketing and advertising involves: developing rapport with individual customers, one at a time; completing a cost analysis of the company’s office space; developing online payroll systems; developing messages that build favorable impressions among target customers

• developing rapport with individual customers, one at a time

• completing a cost analysis of the company’s office space

• developing online payroll systems

• developing messages that build favorable impressions among target customers

Which of the following is a federal government agency:
Internal Revenue Service (IRS), Louisiana Workforce Commission (LWC), Louisiana Economic Development (LED), Cosmetology Board (CB)

• Internal Revenue Service (IRS)

• Louisiana Workforce Commission (LWC)

• Louisiana Economic Development (LED)

• Cosmetology Board (CB)

To determine whether a business opportunity is realistic, the entrepreneur must:

• develop a pro forma that shows a profitable enterprise

• develop a bank credit application

• develop effective advertising

• develop a network of angel investors

Corporate social responsibility:

• is a way mission-driven companies can serve society while earning profits for shareholders

• is primarily focused on maximizing shareholder value

• is a legal requirement for all corporations

• is a strategy to reduce operational costs

An example of intellectual property is:

• computer hardware

• computer software you purchase

• computer software you create and sell

• computer repair services

A business plan has the following purpose:

• to outline the company's mission and vision

• to convince investors to consider supporting a new venture

• to provide a detailed analysis of market trends

• to establish a marketing strategy for the product

When launching a business, which is NOT a critical consideration?

• cost analysis

• competitive analysis

• location analysis

• office space analysis

The government agency whose mission is to grow the economy of the state of Louisiana is:

• Louisiana Economic Development

• Louisiana Department of Revenue

• Louisiana Workforce Commission

• Louisiana State Police