WorksheetsFinal Exam Review 12-5
Total questions: 11
Worksheet time: 6mins
Drew has an idea for a new company and needs money to start his business. Drew finds an investor willing to give him money in exchange for a portion of Drew’s new company. What term describes the type of financing the investor is willing to give Drew?
Small business loan
Venture capitalists
Debt financing
Equity financing
Identify which are advantages of owning a franchise
Ability to make business changes
Profit sharing with franchisor
Established product/service
Provided training and support
Which term describes a person who takes an innovative idea and turns it into a profit?
Entrepreneur
Manager
Angel investor
Venture capitalist
Last year, Rosa spent $130,000 for merchandise she sold. She had net sales of $200,000 and expenses of $40,000. What is Rosa’s net profit?
$70,000
$30,000
$130,000
$330,000
Which term describes a person who takes an innovative idea and turns it into a profit?
Manager
Angel investor
Venture capitalist
Entrepreneur
Which term describes the value of the next best alternative?
Current liability
Marginal cost
Limited warranty
Opportunity cost
Why is Walmart considered a “click and mortar” business?
Business model that is located in both rural and urban areas
Offers both electronic and home repair supplies
Employs individuals who work both full-time and part-time
Business that includes both a website and a physical store
Which of the following is a critical factor in the success of a business, especially for brick and mortar retail?
Warehouse
Domain
Ownership
Location
Laura owns a t-shirt business with fixed costs of $50,000 a year. Her selling price per shirt is $15. Each shirt has a variable cost of $5. How many shirts does Laura need to sell to break even?
25,000
5,000
3,333
15,000
Isabella owns a business in Utah that sells candy and chocolate products made in other countries. What term describes these products that are brought into the USA to be sold in Utah?
Exports
Services
Imports
Acquisition
Which term refers to dividing a market into smaller groups based on similar characteristics and needs?
Market share
Market mix
Market segmentation
Market saturation
