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WorksheetsEOPA Overall Review #2 Random
Total questions: 50
Worksheet time: 36mins
Name
Class
Date
1.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
2.
Exclusive rights to symbols or designs.
a)
trademark
b)
patent
c)
copyright
d)
exclusivity rights
3.
What's this called?
a)
patent
b)
trademark
c)
company thing
d)
copyright
4.
A business owned by one person is called a(n):
a)
Club
b)
Corporation
c)
Partnership
d)
Sole Proprietorship
5.
A business owned by two or more people is called a
a)
sole proprietorship
b)
corporation
c)
partnership
d)
conglomerate
6.
A business owned by people who have bought shares in it is called a
a)
corporation
b)
multinational
c)
partnership
d)
sole proprietorship
7.
What is a franchise?
a)
The right to vote
b)
A new business started from scratch by an entrepreneur.
c)
A book or movie series.
d)
A contract allowing an entrepreneur to open a location of an established business.
8.
What is the governing body of a corporation called?
a)
Board of Directors
b)
Board of Governors
c)
Stockholders
9.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
10.
An agency set up to promote safety for workers on the job is _______.
a)
Americans With Disabilities Act
b)
Occupational Safety and Health Administration
c)
Age Discrimination in Employment Act
d)
Environmental Protection Agency
11.
____ are principles of morality or rules of conduct.
a)
Customs
b)
Traditions
c)
Cultures
d)
Ethics
12.
What is the correct way to lift heavy materials or boxes in the workplace?
a)
just grab the boxes and move them
b)
use your weight to lift with your legs, not your back
c)
get someone to help you lift them
d)
bend straight down and lift them
13.
Using a fire extinguisher, what is the correct way to extinguish a fire?
a)
Aim at the base of the fire
b)
Aim in the middle of the fire
c)
Aim at the top of the fire
d)
Call for backup
14.
The price of insurance a person or business pays for a specified risk for a specified time is called a _______
a)
wage
b)
premium
c)
liability
d)
risk factor
15.
In order to prepare for emergency drills, you should do which of the following?
a)
Compile emergency phone numbers, floor plans & keep important records tagged for quick removal
b)
Educate employees about emergency plans
c)
Practice emergency drills on a regular basis
d)
All of these
16.
A legal entity that makes money for reasons other than the owner’s profit; it can make a profit, but the profit must remain within the company is called a(n) ___________
a)
sole proprietorship
b)
non-profit organization
c)
partnership
d)
monopoly
17.
Which of these is true regarding the owner of a sole proprietorship:
a)
receives the profits
b)
incurs any losses
c)
is liable for the debts of the business
d)
all of these
18.
A ________ is a business that is registered by a state and operates apart from its owners; it issues shares of stock and lives on after the owners have sold their interest or passed away
a)
partnership
b)
corporation
c)
monopoly
d)
nonprofit organization
19.
A ________ is company whose owners and managers have limited liability and some tax benefits, but avoids some restrictions associated with Subchapter S corporations.
a)
Limited Liability Company (LLC)
b)
Sole Proprietorship
c)
Mom and Pops Venue
d)
Monopoly
20.
A SWOT analysis is a process that identifies an organization's: Strengths, Weaknesses, Opportunities and Threats
a)
True
b)
False
21.
In a SWOT analysis, ___________ describe what an organization excels at and separates it from the competition: things like a strong brand, loyal customer base, strong balance sheet, unique technology and so on
a)
Strengths
b)
Weaknesses
c)
Opportunities
d)
Threats
22.
If a business conducts a SWOT analysis to decide whether or not to expand, which of the following would be categorized as an "0"?
a)
company expenses have increased
b)
new competition could enter the market
c)
there is the potential for increased profits
d)
money is available for the expansion
23.
The North American Free Trade Agreement (NAFTA) created a free trade area for
a)
Mexico and Canada
b)
Mexico, Guatemala, and Belize
c)
Mexico and Panama
d)
Mexico, the U.S., and Canada
24.
The proper method for lifting is to keep the back straight, spread the feet comfortably, and lift with _______ muscles.
a)
leg
b)
back
c)
arm
d)
abdominal
25.
A fire may be controlled without upsetting the thermal layer by
a)
rolling the stream around the perimeter of the room
b)
using a straight stream at the base of the fire
c)
aiming the stream at the ceiling and allowing the water to rain down on the fire
d)
directing a straight stream to the middle of the fire
26.
Which of the following charts or diagrams is best used to help determine possible root causes of a problem?
a)
Pareto
b)
Gantt
c)
pie
d)
fishbone
27.
Which of the following questions are most likely to get to a specific definition of a problem?
a)
What was happening when the failure occurred?
b)
Has this problem happened before?
c)
What other problems have you had with this machine?
d)
How often has this problem happened before?
28.
The company ABC sends an "anniversary" card to each client on the date they started working with the company. To maintain an electronic record, they should use a
a)
calendar
b)
planner
c)
database
d)
card file
29.
What function command would calculate the annual average for the set of data for the spreadsheet attached here?
a)
=average(b3:b6)
b)
=average(b8)
c)
=average(a3:a6)
d)
=average(a3:b6)
30.
James wants to send a personalized letter to each of his sales clients. To do this, James should use
a)
mail-merge
b)
auto-formatting
c)
design templates
d)
auto-addressing
31.
When an employee is giving an oral presentation he or she should speak clearly and
a)
in a low voice
b)
quickly
c)
confidently
d)
in a monotone voice
32.
Which of the following situations is an example of an employee exhibiting unethical behavior?
a)
clocking out at the end of the day
b)
scheduling a two week vacation
c)
taking a day of sick leave to play golf
d)
working four ten hour days to shorten the week
33.
A company follows procedures in the following chart when determining how to handle delinquent accounts. If today's date is October 15th and a customer's bill was due August 1st, the billing department will handle this lack of payment by:
DAYS LATE ACTION TO BE TAKEN
31 to 60 Send reminder in next bill
61 to 90 Contact customer by telephone
91 to 120 Send letter from billing manager
Over 120 Turn over to collection agency
DAYS LATE ACTION TO BE TAKEN
31 to 60 Send reminder in next bill
61 to 90 Contact customer by telephone
91 to 120 Send letter from billing manager
Over 120 Turn over to collection agency
a)
sending a reminder in the next bill
b)
telephoning the customer
c)
sending a letter from the billing manager
d)
turning the customer's account over to a collection agency
34.
Which of the following acts regulates the federal minimum wage for interstate commerce?
a)
Fair Labor Standards Act
b)
National Labor Relations Act
c)
Revenue Act
d)
Equal Pay Act
35.
A country exported $689,269 worth of goods and imported $3,465,029 worth of goods. What is the trade surplus or deficit?
a)
-$2,775,760
b)
-$986,637
c)
$2,775,760
d)
$4,154,298
36.
If a worker's gross pay is $750.00 and 1.25 percent of the workers' earnings are withheld for Medicare tax, what dollar amount of Medicare tax is being withheld?
a)
$7.35
b)
$93.75
c)
$9.38
d)
$125.50
37.
Which of the following sentences is grammatically correct?
a)
The injured accident victim was laying on the road until the ambulance arrived
b)
We arrived their at 3 PM to begin the meeting
c)
The manager busted into the wrong office by mistake
d)
Ann missed the meeting because she was lying in bed with the flu
38.
To gain employee acceptance of new changes in an organization, the owner should provide adequate training and
a)
provide advance notice of the new changes
b)
make changes effective immediatedly
c)
reprehend employees who do not implement the change immediately
d)
explain changes in detail to the management staff only
39.
The _______ is a government agency that provides services to new entrepreneurs.
a)
Better Business Bureau
b)
Census Bureau
c)
Internet
d)
Small Business Administration (SBA)
40.
What is it called when a small group of large suppliers dominate a certain market?
a)
an oligopoly
b)
a monopoly
c)
a command economy
d)
a market economy
41.
Money, equipment, trucks and factories are considered this type of resource?
a)
Human
b)
Natural
c)
Capital
d)
Entrepreneurial
42.
SWOT analysis stands for
a)
Sales, Workers, Online orders, transportation
b)
Strengths, Weaknesses, Opportunities and Threats
43.
The 4 P's of Marketing are?
a)
Products, Price, Place and Promotion
b)
People, Products, Publicity, Planes
44.
____________________ a community service project that focuses FBLA-PBL members on practicing leadership and management skills they have learned to raise funds and awareness for the March of Dimes.
a)
Business Achievement Awards (BAA)
b)
Mission LIFT (Leading Into the Future Together)
c)
Otis Spunkmeyers
d)
Business Leaders of Tomorrow (BLT)
45.
___________ describe what an organization excels at and separates it from the competition: things like a strong brand, loyal customer base, strong balance sheet, unique technology and so on.
a)
Strengths
b)
Weaknesses
c)
Threats
d)
Opportunities
46.
______refer to favorable external factors that an organization can use to give it a competitive advantage.
a)
Weaknesses
b)
Opportunities
c)
Threats
d)
Strengths
47.
_______ refers to factors that have the potential to harm an organization.
a)
Strengths
b)
Opportunities
c)
Threats
d)
Weaknesses
48.
______ stop an organization from performing at its optimum level.
a)
Strengths
b)
Threats
c)
Opportunities
d)
Weaknesses
49.
The possibility of a catastrophe caused by a flood, tornado, fire, lightning, drought, or earthquake
a)
risk management
b)
natural risk
c)
economic risk
d)
human risk
50.
Most entrepreneurs start what type of business?
a)
Partnership
b)
Corporation
c)
Sole Proprietorship
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