NEW
Font size
Worksheetsentrepreneurship 3
Total questions: 70
Worksheet time: 35mins
All of the following are traits of a good leaders EXCEPT which of the following?
Selfish
Hard-working
Good listener
Which leadership style is characterized by limited discussion of new ideas and is best used in groups who are not well acquainted with each other?
Autocratic
Democratic
Which of the following is NOT a leadership style?
Needs-based
Laissez faire
Which management style is characterized by the manager trusting the employees work ability and is best used with employees know how to do their job?
Delegating
Participating
Which of the following is NOT a management style?
Telling
Reinforcing
Communication within an organization occurring between employees is referred to as which of the following?
Horizontal internal communication
Horizontal external communication
Which of the following is defined as the process of the receiver breaking down the message received and interpreting the message?
Decoding
Encoding
Which of the following is a physical barrier to communication?
Education
Noise
Which of the following is NOT and example of external communication?
Company memo
Press release
Which of the following is the response to the sender’s message?
Transition
Feedback
Which of the following is the roadmap of where the business is going?
Responses
Business plan
Executive plan
Which of the following describes the business type, the products offered and the philosophy of the business?
Executive agenda
Business description
Which of the following describes strategies for branding, packaging, advertising and promoting the business and its products?
Marketing plan
Business description
Which of the following includes a list of the sources of capital and the projected income and expenses of the business?
Financial plan
Marketing plan
Which of the following should serve as a detailed outline of the company and convince the audience to read the rest of the business plan?
Marketing plan
Financial plan
Executive summary
Which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine?
Laissez Faire
Autocratic
A speech is an example of which type of communication?
Two-way nonverbal
One-way spoken
One-way written
Telling management works best when employees are not willing and/or able to do the job.
True
False
Which of the following is NOT a management characteristic associated with delegating management?
To be a micromanager
To have a high workload
Which of the following is NOT one of the three types of supporting documents as stated in the presentation?
Financial documents
Business communication documents
The business philosophy describes the business’s education, training, strengths, weaknesses and personal development.
True
False
The first step of the communication process is the receiver decoding the message.
True
False
Who should external communication flow through?
A public relations person or manager
A variety of media members
Which of the following is NOT one of the five sections of a business plan?
Executive description
Organization and marketing plan
Which part of the business plan identifies plans for pricing policies?
Responses
Proposed marketing plan
Self-analysis
Which of the following terms is defined as action guided by a set of principles of morality?
Ethical behavior
Lawful behavior
Which of the following terms is defined as conduct in accordance with what a person determines is right versus wrong?
Moral behavior
Lawful behavior
Which of the following two businesses did Judge Parker mention to explain the positive or destructive role of ethics in business?
Chick-fil-A vs. Enron
Target vs. Wal-Mart
Which of the following was not mentioned by Bryan Mudd as a way in which news stories can affect people’s lives?
The attractiveness of the news stories
The motivation behind the news stories
Which of the following terms describes a set of standards of conduct which guide decisions and actions based on duties derived from core values?
Benchmarks
Rituals
Ethics
According to Judge Parker, which of the following is an ethical behavior of lawyers?
Remaining calm and patient in a stressful case
Seeking delay by filing requests of documents
Which of the following situations did Bryan Mudd NOT mention as an example of unethical behavior in a newsroom?
Spending a long time to prepare a news story
Changing facts of a story to make it more sensational
Which of the following terms is defined as an entrusted person who converts other’s assets or property for his or her own use?
Embezzlement
Identity theft
Which of the following is NOT a cause of unethical behavior?
Work-related pressure
Miscommunication among a diverse workforce
Which of the following terms is defined as an organization’s financial statement containing untrue data which is used to mislead?
False financial statement
Bankruptcy charge
Which of the following terms is defined as “duties and obligations of businesses which contribute to the well-being of society”?
Business moral responsibility
Business social responsibility
Which of the following analogies did John Elliot use to describe the role of a business in a community?
A member in a family
A citizen in a country
Which of the following did John Elliot NOT mention as one of the actions to promote sustainability?
Cut down unnecessary electronic use
Recycle paper
Which of the following did Bryan Mudd use as an analogy to describe news reporters?
Public servant
Public stringer
Public watchdog
Which of the following is NOT an example of a business’s efforts of contributing to society?
Providing help to the weak and the poor
Making a profit is the only concern of a business
Which of the following terms is defined as “all the parties which interact with the business”?
Stakeholder
Shareholder
Which of the following should a person NOT do when listing possible solutions for an ethical problem?
Only list obvious solutions
Consider all alternatives
Which of the following questions should NOT be asked during the step of identifying an ethical problem?
What is the problem?
What causes the problem?
What can we learn from this process?
Which of the following did Judge Parker NOT mention as one of the principles of ethics?
Remain open-minded
Treat others the way you would like to be treated
What is the last step of the ethical decision-making process?
Review the code of ethics
Learn from the result
Which of the following best describes capital?
Responses
What a business is worth
The monetary funds invested in a project
Which of the following is a disadvantage of equity capital?
You must repay or face the possibility of bankruptcy
You must contend with the investor as a co-owner of the business
Which of the following best describes a credit union?
A community organization providing business owners with education and donations
A members-only cooperative created by labor unions or groups of employees
Colin is borrowing money from his uncle to start his business. In order to help avoid misunderstandings regarding the loan, Colin should do which of the following?
Hire a lawyer
Put all agreements in writing
Which of the following are the largest lending agencies in the United States?
Banks
Suppliers
Which of the following is NOT a type of business risk?
Routine risk
Economic risk
Employee screening and training are considered which method of handling risk?
Risk avoidance
Risk prevention and control
Some businesses avoid risks by doing which of the following?
Keeping records of all transactions and customers
Considering market research
Which of the following is TRUE of external theft?
It is the costliest human risk to businesses
It is an economic risk and should be covered by insurance
Which type of risks occur from fluctuations in business conditions?
Human risks
Economic risks
Which of the following is the least common form of business organization?
Partnership
Franchise
A formal proposal which provides detailed descriptions of a new business to potential investors and lenders is known as which of the following?
A company summary
A business plan
Which of the following accurately describes a balance sheet?
A summary of a business's assets, liabilities and equity
An explanation of how a business spends and earns money
A successful entrepreneur does NOT necessarily need which of the following?
Responses
Tremendous drive
Strong coaching abilities
Which of the following accurately describes a franchise?
Responses
An agreement to operate a business in the name of an established company
A company which sells no products, but a large variety of services
Which of the following is an example of a natural risk?
Fire
Competition
The factors of a start-up cost estimate include which of the following?
All of the above
Size of the business
Which of the following is the most complicated form of business?
Corporation
Franchise
Raising your credit standing is an advantage of equity capital.
TRUE
FALSE
All are examples of economic risks except:
Customer dishonesty
Recession
Businesses can handle risks through which of the following?
All of the above
Avoiding risks
Which is NOT a criterion banks use for evaluating loan applicants?
Control
Capability
Advantages of entrepreneurship include which of the following?
Increased cash flow due to business revenue
Getting to set your own work schedule
Ron opened the first McDonald's® in his small town after reading about the success of others in his state. This is an example of which way to enter into business?
Responses
Purchased a franchise
Took over the family business
Sources of capital include which of the following?
All of the above
Suppliers
