Unprofitable firms negatively affect the economy by increasing the job market and increasing salaries and benefits.

An economic system in which there is increased government involvement where the goal is to keep prices low and provide jobs for everyone is known as which of the following?

When companies are understaffed employees can become overworked, cause a hostile work environment and increase the time of production.

Which of the following is NOT one of the basic economic questions listed in the presentation?

Which of the following types of utility enhances value by creating more useful or desirable products out of raw materials or separate parts?

Which of the following can be defined as the taxes placed on imports?

Which of the following is defined as two or more consecutive fiscal quarters of decreasing GDP?

Which phase in the business cycle is defined as the period of lowest economic activity?

Which of the following constitutes economic production rising then falling in a long cycle of expansion and contraction?

Which of the following shows an economic decline when high and an economic expansion when low?

Economic Success can NOT be measured in the following ways?

The amount of product available to the market is known as which of the following?

Which of the following is the amount charged as a percentage of the initial loan borrowed from a lender?

Which of the following is an economic system in which businesses are privately owned and product development is proportionate to the accumulation and reinvestment of profits gained in free market?

Which of the following is the rule which states at some point adding more factors to a production process will not improve returns?

Advertising which informs consumers about a new product is an example of which of the following?

Which of the following enhances value by having a product or service available to consumers during a certain time of day, month or year?

Which of the following are materials used in producing goods or providing services?

Which of the following is the theories, principles and models which deal with production, distribution and consumption of goods and services?

Nonprofit ownership involves creating organizations which do not yield a profit and focus on providing _________ to others.

Which business option allows entrepreneurs to create something new and enjoy full control?

Which of the following is a challenge entrepreneurs may face in an acquisition?

Which of the following is a potential advantage of starting a franchise business?

In the ________ stage, a business needs to make changes to business operations or it may fail.

During the ________ stage, a business is just beginning, and its future is risky and uncertain.

During which stage of the business cycle does a business become stable and well-known in the market?

Which of the following is the purpose of the start-up phase in the business cycle?

The purpose of entrepreneurship is to create new things and help a political party grow.

Entrepreneurship is solely about creating businesses and does not extend to solving problems or positively impacting society.

Acquiring an existing business involves less risk at the start.

If a business does not renew, it will continue into the decline stage.

The purpose of each stage in the business cycle is to identify and explain the special circumstances, difficulties and opportunities companies usually face.

Entrepreneurs need to adapt to changes in the business environment and can maintain a static approach to their ventures.

Which of the following options explains how entrepreneurship contributes to the development of a growth mindset?

Which of the following is a key advantage of entrepreneurship?

Which of the following options is the primary advantage of acquiring an existing business?

Nonprofit ownership primarily focuses on maximizing profits for the business owners.

Which of the following business options would be most suitable for an entrepreneur who values creativity, enjoys the adventure of creating new things and is willing to face the challenges of risks and uncertainties?

During the growth stage of a business, what is a key focus for entrepreneurs?

A business’s growth stage is characterized by stability, a well-established market presence and a focus on product improvement.

Which stage of the business cycle is characterized by dropping sales and increasing costs?

Self-reflection is essential for entrepreneurs to understand personal strengths, weaknesses and motivations.

Creating a business plan involves strategic thinking, financial planning and setting a road map for a business.

Idea generation is when individuals identify opportunities or problems in the market and generate innovative ideas to address those issues.

Entrepreneurship primarily involves minimizing risks and avoiding opportunities for innovation.

What is one of the primary risks associated with entrepreneurship?

comes from a passion for solving problems, a desire for independence and a vision for making a positive impact.

Which of the following is the financial gain a company receives when the total revenue generated from its operations is more than the total expenses incurred?

What motivates entrepreneurs to pursue ventures?

Which of the following is a role typically performed by entrepreneurs?

Which of the following is the primary responsibility of entrepreneurs in business ventures?

Which of the following is one characteristic commonly associated with entrepreneurs?

Which of the following best describes the role of creativity in entrepreneurship?

Which of the following is a significant risk associated with entrepreneurship?

Which of the following traits are crucial for successful entrepreneurs?

Adaptability is the desire of the entrepreneur to have control over individual work, decisions and ultimately personal destiny.

Marketing and sales are often part of the job of an entrepreneur.

Which benefit of entrepreneurship directly contributes to an individual’s sense of fulfillment and satisfaction in the work?

A market economy is one in which supply and demand is responsible for setting the and prices of goods and services.

Which of the following emerging technologies is built at the scale of atoms?

Which of the following is an example of an emerging technology?

Entrepreneurship contributes to the economy through .

Which of the following items is an example of a change in policy and politics which resulted from entrepreneurship?

Small businesses have fewer than employees.

Which of the following scenarios reflects the actions of an intrapreneur?

Which of the following describes entrepreneurship?

Consumers contribute to economic growth by purchasing goods and services.

Entrepreneurs often take on great risks in return for great rewards.

In a market economy, the government regulates the production of goods and services.

Jamal recently accepted a new job, which includes health insurance. The job also pays higher wages, which allows Jamal to afford basic needs, such as food and housing, and have money left over for fun activities. Which societal impact of entrepreneurship does this scenario represent?

Which factor is an example of how entrepreneurship contributes to the economy?

Innovative entrepreneurs seek opportunities in emerging technologies to improve products which can change people’s lives.

Which type of business focuses on growth, speed and change, often using crowdsourcing to develop its product for the market?

Which of the following characteristics describes social entrepreneurship?

Which of the following is a key advantage of a sole proprietorship?

Which of the following types of business structures is where one person is responsible for all aspects of the business and receives all profits?

Which of the following businesses encourages employees to take on an entrepreneurial mindset?

Which of the following is a common characteristic of nonprofit organizations?

Which of the following business structures offers owners limited liability protection and pass-through taxation?

Which of the following types of business structures involves a contractual agreement between a franchisor and a franchisee?

Which of the following is a characteristic of a corporation?

Understanding company culture is essential in the recruitment process.

A small business typically has lower revenue compared to larger corporations.

Company culture remains consistent across all business structures.

Franchising options include trade or product and business format.

Understanding company culture is irrelevant in the recruitment process.

Which of the following explains how company culture impacts retention?

Does culture differ depending on the business structure?

Which of the following is a characteristic feature of S corporations?

Business plans are essential for providing a road map for a company's growth and are primarily used to secure investors' funding.

Which of the following best describes the difference between small business ownership and entrepreneurship?

__________ involves dressing, which shows seriousness and respect for a job.

What refers to the accepted and expected behaviors and conduct in a professional setting?

The polite greeting at the beginning of an email is called a greeting.

What should be included in professional writing?

Marvin recently received a job offer and needs to go shopping for professional attire. What should Marvin keep in mind as he shops?

Stephanie emailed a customer explaining how to reboot an electronic system. Before Stephanie sends the email, she should add emojis to make it more personable.

Which of the following is NOT an element of verbal communication?

What is the purpose of the closing in a professional email?

What is the primary purpose of subject lines in professional emails?

Which term refers to nonverbal communication through gestures and movements?

Which of the following statements is true about professional writing?

Individuals should introduce themselves at the beginning of a professional phone call.

Effective nonverbal communication aims to enhance __________.

The primary function of professional business communication is __________.

Effective writing in a business setting helps achieve __________.

Which of the following are key characteristics of professional writing?

Which of the following is a key consideration when tailoring writing to meet the needs of the audience?

The purpose of the subject line in a professional email is to __________.

Professional email usually maintains a casual and informal tone throughout the message.

It is always appropriate to use a speaker phone during a professional phone call.

Which practice should be used during professional phone calls?

Which of the following are expected in professional virtual interactions?

Which of the following are key components of face-to-face professional interactions?

Professional attire __________.

Which of the following is a component of active listening?

Which of the following is a key aspect of nonverbal communication?

External communication usually involves _________.

_________ is the process of sharing information with people within and outside of a business.

Verbal communication involves only using body language.

Noah is preparing for a job interview contest. His instructor is reviewing his résumé and giving him constructive criticism. Noah is also planning on asking for feedback on the cover letter. Which of the following is Noah exhibiting?

Which of the following is NOT an interpersonal skill?

Jake is the chairman of the homecoming committee. The committee is meeting, and Jake is facilitating the discussion to decide on the playlist for the DJ to play at the dance. What type of skill is Jake developing?

Which of the following is fair and respectful conduct based on values and standards?

Lin owns a family entertainment center. She ensures the closing duties are performed before releasing the employees and locking the entertainment center at the end of each night shift. To gain the cooperation of the employees, Lin makes sure to be a good example and make expectations clear while showing enthusiasm. Lin’s behavior toward the employees displays _________.

Which of the following is the ability to plan and execute control over the amount of time spent on specific activities to effectively accomplish goals in a timely manner?

_________ describes positive work behaviors and personal qualities which make individuals successful in their chosen career.

Teamwork can be implemented by bringing together different viewpoints from a diverse team.

Coachability is influencing and motivating others to accomplish a goal.

Initiative means waiting for someone to provide instructions for completing a task.

Critical thinking is the ability to analyze and interpret facts and form conclusions.

Javier is the entrepreneur of a landscaping business. He sets his alarm to wake up one hour before the first lawn listed on his schedule. This gives him ample time to take care of his hygiene and grooming. Javier eats a healthy breakfast and goes for a short run before work. When he arrives at the lawn, he is awake and ready to give his full effort to his work. Select all of the following which are employability skills Javier is displaying in his actions.

Interpersonal skills refer to the ability to _________.

Collaboration includes having a strong sense of self and confidence.

_________ is the quality of being honest.

Which of the following is NOT a personal skill?

Healthy practices include keeping physically active.

Which of the following is the definition of an entrepreneur?

_________ are a type of employment skills which includes individual behaviors and abilities.