WorksheetsVirtual Business TEKS Review
Total questions: 25
Worksheet time: 13mins
What type of business structure is owned by one person?
Sole Proprietorship
Partnership
Corporation
Entrepreneurship
A government funded organization that helps small business owners borrow money as well as manage their business more efficiently is called:
Internal Revenue Service
Workforce Commission
The Small Business Administration
Junior Achievement
The application of principles of right and wrong to issues that come up in the workplaces is a description of:
Social Responsibility
Business Ethics
Moral Values
Accountability
The part of the marketing plan where the business focuses on how you will advertise the products and services offered:
Product
Place
Price
Promotion
An example of an E-Marketplace would be?
Houston Community College Website
Amazon
Houston Chamber of Commerce
Online World Book
In order to establish a business, you need to meet a customer's ______?
Goods and services
Wants and dreams
Desires and education
Needs and wants
Logos for a business are important tools for all the following except?
Creating an image
Cutting costs
Branding your business
Advertising
A niche market is centered on:
Worldwide sales
Business development
Smaller segments of an existing market
High supply and demand
Companies can see just by their customers logging into a website the following information EXCEPT?
Time of day
Length of visit
Visitor number
Ethnicity
When putting together a Business Plans Marketing Plan the 4 P's that need to be kept in mind are?
Purchasing, production, price, promotion
Print, production, purchasing, partnership
Product, place, price, promotion
Purchasing, production, profit, point of sale
What part of the business plan provides a brief overview of the business?
Company description
Marketing plan
Operating plan
Financial plan
This statement shows how much cash a business receives and how the cash is used for a specified period of time?
Cost of goods statement
Income statement
Gross profit
Cash flow statement
The main page of a website should include all the following except______?
Friendly, welcoming layout and design
Color and theme consistent with your logo
Unlimited fonts and typefaces
Graphic images that relate to your type of business
The first section of the business plan, typically written last, that contains key points of from the business is called:
Company description
Marketing plan
Operating plan
Executive summary
This statement reports the revenues, expenses and net income or loss operation for a specified period of time?
Cost of goods statement
Income Statement
Gross profit
Cash flow statement
Revenue minus expenses
Profit
Accounting
Sales
Projections
Finding and analyzing potential consumers for a specific product or service is called?
Entrepreneur
E-tailing
E-commerce
Target market
The distribution, buying, selling, marketing, and servicing products over the internet is called:
Entrepreneur
E-commerce
Global Business
E-tailing
A person who owns, operates, and takes the risk of a business venture and is also directly affected by the outcome is called?
Entrepreneur
Global Business
Limited Liability
Target Market
Businesses where products and services are sold in more than one country are called?
Global business
E-tailing
E-Commerce
Entrepreneur
Advantages to virtual businesses include all the following EXCEPT:
Is open 24/7
Unlimited customer reach
Flexible work schedule
Long commute to work
Benefits of a sole proprietorship include all the following EXCEPT:
One person
Receives all the benefits, profits and income
Shared decision-making
Easy to start
A type of business where the legal entity is held responsible for decisions and ownership is separate and apart from the owner and shareholders.
Partnership
Sole proprietorship
Corporation
Group business
SWOT analysis stands for:
Strengths, Weaknesses, Opportunities, Threats
Strengths, Work, Opportunities, Threats
Successes, Weaknesses, Organization, Threats
Successes, Work, Opportunities, Team
The shared values, traditions, customs, philosophies, and policies of a corporation are called:
Company rules
Corporate culture
Corporate structure
Company data
