Generally speaking, who assumes the most risk in a business venture?

Which of the following is a legal agreement that gives an individual the right to market a company’s products or services in a particular area?

Which business structure allows owners to avoid double taxation?

When operating a franchise, which legal business structure is used?

Ms. Balint orders tools for the shop when she needs them. Which system is represented?

Some items spoil when they sit in inventory for too long. Which of the inventory control systems is most likely used in these industries?

Which of the following items do not need to be inventoried?

Which of these may be used as collateral for credit?

What method is used by entrepreneurs to determine if the amount of time between ordering an item for inventory and the time it sells needs modification?

What is the main purpose for a business implementing a logistics program or outsourcing their logistics department?

Costs that change based on the level of production are called:

Costs that cannot be retrieved or reduced regardless of production are called:

Which of these is the point of production where a business is not making any money, but they have enough to cover their expenses?

The added cost of producing one more product is referred to as:

Supply and Demand Curves intersect at the:

A business sells one lawn mower at a time. What is this referred to as?

Which of the following is a component of COGS (Cost of Goods Sold)?

Which of the following could cause the price of a good to change?

When making a budget, estimate income _____ and expenses _____.

If you take out a loan and pay back a fixed amount each month, which of the following types of credit have you used?

A certificate certifying invention and giving the sole right to produce is:

A name, symbol, or special mark that can be used by one business is called:

Which word describes Doing something and doing it well

Which of the following describes Carrying just enough inventory on hand to sell, no extra

Which of the following describes Newer inventory items are the first to be sold

Which of the following describes Older inventory items are sold first

Which of the following describes Receiving inventory at the moment it is needed

Which of the following describes A business that physically produces products

Which of the following describes Devoting a block of time to improve a customer’s product

Which of the following describes Sale of a larger quantity to another company

Which of the following describes Sale of a small quantity to individual customers

Which of the following describes A share of the company’s profit

Which of the following describes Fixed amount per hour

Which of the following describes Fixed amount per month

Which of the following describes Percentage of each sale made

Which of the following types of economies is described: Beliefs and customs shape production of goods and services

Which of the following types of economies is described: Combinations of other types of economies

Which of the following types of economies is described: Entrepreneurs determine all business decisions

Which of the following types of economies is described: Production, investment, and prices determined by government

A store reaching out to a specific group of people with a commercial what kind of marketing is this?

Subway and Penn Station are across the street from each other trying to sell subs to a large amount of people. This is an example of what?

Papa Johns and McDonalds are trying to see where customers choose to eat the most between them. What is this an example of?

More females buy makeup than males. This is an example of which below?

Stacy will only drink coffee from locations that offer jazzy, spirited music and a welcoming environment. What is this an example of?

When shopping what do low economic class people look at most?

Which of the following should not be on a resume?

What is a credit card?

What is a debit card?

What of the following is NOT an example of secondary data?

What regulatory agency controls main aspects of agriculture?

Administrative and regulatory agencies belong to which branch of government?

There has been a problem with discrimination between coworkers. What is not one of the possible consequences to the person who was discriminating to another coworker?