WorksheetsPoBMF - Chapter 6 Test For Students That Are Having Issues
Total questions: 50
Worksheet time: 25mins
Which of the following are rewards of being an entrepreneur?
being your own boss
being creative
setting your own schedule
all of these
To identify consumer markets, you should be aware of _______________.
services.
demographic changes.
technology.
investors.
___________ is being able to work efficiently with anyone with different skill sets, personality, work styles or motivation level to achieve a better team result.
teamwork skills
communication skills
people skills
none of these
One way to prevent some of the problems that family businesses face is to ____________.
be creative.
hire a business broker.
establish clear lines of responsibility.
accept all the responsibilities yourself.
Good ________ are codes of behavior that is considered acceptable in society.
honesty
moral values
constructive criticism
integrity
A company that is independently owned and operated, it is not dominant in its field, and employs fewer than 500 people is considered a ___________.
corporation
small business
enterprise zone
monopoly
A company's good reputation and goodwill can be lost quickly because of ____________.
government regulations.
philanthropy.
ethics.
unethical behavior.
A successful entrepreneur is willing to work until a job is done. Which of these terms describe this characteristic?
self-confident
persistent
restless
enthusiastic
The largest provider of services in the country is ___________.
the government.
the oil industry.
Microsoft®.
telephone companies.
A ______________ may be required of you to sign which outlines what you are not allowed to discuss outside of the company or workplace.
constructive criticism agreement
integrity policy
confidentiality agreement
loyalty agreement
A(n) ____________________ is a word, symbol, design, or combination of these that a business uses to identify itself or something it sells.
servicemark
trademark
elliptical
venture
A _________ is a written account of basic personal information (excluding date of birth and social security number), educational and professional qualifications, and work experience.
job interview
resume
letter of reference
job application
Provides jobs, introduces new products, meet needs of larger organizations, add large amount of money into company, take risks that larger companies avoid, provide specialized goods and services describes the __________________________.
equilibrium stage of corporations
venture capitalists
gross domestic product
economic roles of small businesses
An economic system where a government places very few restrictions on the types of business activities or ownership in which citizens participate is called a ______________.
equilibrium
domestic society
free enterprise
entrepreneurship
Small businesses are more vulnerable than large businesses for ethics violations because they are __________________.
less structured and formal.
in the public eye more.
privately owned.
tightly regulated by the government.
_____________ is considered the matchmaker between job seekers and companies with job openings.
human resources department
networking resources
job leads
employment agencies
Which of the following are challenges of being an entrepreneur?
gathering start-up resources
being fully responsible for the business
working long hours
all of these
Being an entrepreneur involves risks as well as rewards. Which of the following is a risk of being an entrepreneur?
decision-making
flexibility
creativity
uncertain income
The study of how nations allocate scarce resources to the production and distribution of products is called _________________.
venture
economics
gross domestic product
enterprise zone
The total market values of goods and services produced by a nation during a given period is called ______________________.
supply and demand
factors of production
gross domestic product (GDP)
Dow Jones Industrial Average
A _________ is a written review of your work and/or constructive criticism about your work performance by your supervisor.
moral values
constructive views
job evaluation
confidential agreement
An individual who undertakes the creation, organization, and ownership of a business is called a(n) __________________.
innovation
allocation
entrepreneur
entrepreneurship
Hiring a firm to design and produce packaging for your product is an example of _________.
outsourcing.
corporate venture.
demographics.
innovation.
The quality of firmly following one’s moral values is called __________.
moral values
work ethics
loyalty
integrity
Finding new ways of doing things is called ___________________.
Procreation
Equilibrium
Demographics
Innovation
A group of essential abilities that involve the development of knowledge base, expertise level and mindset that is increasingly necessary for success in the modern workplace is called __.
workplace references
communication skills
work ethics
employability skills
Before an entrepreneur can open the doors of a business, he or she must get a(n) _________________ from the local government.
Fair Packaging & Labeling Permit
contract
sales tax form
business permit
____________________ was formed to ensure that employees have safe and healthy working conditions.
SSA (Social Security Administration)
UCC (Uniform Commercial Code)
OSHA (Occupational Safety & Health Administration
FBLA (Future Business Leaders of America)
Which of the following is a contribution that a business owner makes to the community?
service
generates jobs
competition
personal satisfaction
You should include which of the following on your resume?
a photo
social security number
birth date
none of these
The amount of goods or services that consumers are willing and able to buy is determined by __________.
scarcity.
price.
demand.
quantity
Personal attributes and/or character traits that enable someone to interact effectively and harmoniously with others are called ________________.
technical skills
hard skills
soft skills
references
Before you can determine if a new venture is feasible, you must prepare _____________.
employees.
taxes.
the office.
a business plan.
Which of the following is not an example of a hard skills? _____________
operating a machine/computer programmer
proficiency in a foreign language
teamwork/integrity
earning a degree or certificate
The amount of a good or service that producers are willing to provide is called ________.
services.
inelastic.
supply
volume.
Which of the following are some of the major trends for the creation of new businesses?
new kinds of strategic alliances
increased emphasis on outsourcing
growth of home-based businesses
all of the above
The law that established a minimum wage and maximum working hours is the ___________.
Clayton Act.
Fair Labor Standards Act.
Fair Packaging and Labeling Act.
Occupational Safety and Health Act.
