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WorksheetsEnt Ch 8 Review
Total questions: 25
Worksheet time: 13mins
Establishing a reorder point for each product you sell can help you make sure you do not run out of stock unexpectedly.
True
False
Home-based businesses cannot deduct their offices as a business expense even if the office is limited to business use. Mark only one oval.
True
False
Neighborhood shopping centers are small shopping centers that serve a certain neighborhood. Mark only one oval.
True
False
The most important factors in the layout for a retail business are attracting customers and making their experience a pleasant one. Mark only one oval.
True
False
Enterprise zones are areas that suffer from lack of employment opportunities and may offer tax benefits to businesses. Mark only one oval.
True
False
In a manufacturing business, safety is an important factor in positioning equipment and machinery.
True
False
Even if customers do not visit a service business, the location is as important as it is for a retail business.
True
False
What are the goods and materials to be sold called?
Equipment
Supplies
Inventory
To calculate rent per customer, you need to know the projected customer traffic each month.
True
False
If customers visit a service business, the layout should be considered as carefully as for a retail business.
True
False
Stand-alone stores depend on drive-by traffic and must have plenty of parking, good signs, and effective lighting. Mark only one oval.
True
False
Businesses need standard equipment and supplies as well as special items specific to the type of business.
True
False
Stand-alone stores can be good locations for businesses because
Anchor stores increase traffic
No competition is located next door
They do not need to advertise heavily
They attract walk-in customers
All of the following are disadvantages of locating a business in a downtown area except
Lack of parking spaces
Not many customers in the evenings
Presence of offices and professional buildings
Suburbs are too far away
Home-based businesses are ideal for small companies. Mark only one oval.
If customers do not need to visit the premises
If zoning laws allow you to legally operate your business from your home
Because costs are reduced or eliminated
All of the above
A goal of the layout for a retail business should be to. Mark only one oval.
Place the cash register at the entrance
Use narrow aisles to allow for more merchandise
Make customers' experiences pleasant so they return
Make sure all supplies are easy to find
The layout for a wholesale or manufacturing business. Mark only one oval.
Should be designed for customer convenience
Is unimportant
Must be physically attractive
Should emphasize efficiency and organization
Which of the following is an example of a supply item?
Washing machine
Price tags
Company computer
Sweaters that will be sold to customers
A possible location for a business has rent of $1,050 per month and projected traffic of 12,000 customers per month. Rent per customer is
$0.08
$0.09
$0.11
$0.43
An estimate of how much you will pay for merchandise from a supplier is (a) a quote, (b) a discount, (c) the balance due, (d) an invoice.
A quote
A discount
The balance due
An invoice
Which type of shopping center is designed to serve residents of many neighborhoods?
Neighborhood shopping center
Community shopping center
Downtown areas
Stand-alone stores
What type of business might operate in a warehouse? Mark only one oval.
Appliance dealer
Beauty salon
Grocery store
Pizza shop
What is the person called who pays rent to occupy space owned by someone else? Mark only one oval.
Landlord
Lessor
Tenant
Owner
Are cash registers considered equipment, supplies, or inventory? Mark only one oval.
Equipment
Supplies
Inventory
An advantage of a warehouse location is that it is one of the least expensive rentals. Mark only one oval.
True
False
