The future action plan component of the feasibility study includes which of the
following elements?
A. Profitability
B. The competition
C. Legal restrictions and rights
D. Writing a business plan
Aaron, a businessman, has a method of keeping track of accounts receivable by sorting
them into groups of those that are 30, 60, 90, and over 90 days past due. Aaron’s key in
controlling receivables is to have them _____, by sorting them into groups.
A. collected
B. aged
C. merged
D. written-off
Which among the following federal employment laws requires employers to implement
an affirmative action plan for hiring and promoting females and minorities?
A. Executive Order No. 11246
B. Title VII of the Civil Rights Act of 1964
C. Worker Adjustment and Retraining Notification Act
D. Immigration Reform and Control Act of 1986
Copyrights for new works last for:
A. the creator’s life.
B. the creator’s life plus 70 years.
C. 120 years after creation.
D. 25 years after its first publication.
The information that the bank knows about an account, but is not known by the account
holder, includes:
A. the checks written and mailed by an account holder but have not been received by
the bank.
B. the amount of any direct payments made in the account by the account holder’s
customers.
C. deposits that the account holder has mailed or made after bank closing.
D. the sum of cash inflows and cash outflows recorded in the holder’s accounting
records.
Ron is offered a sales job at an insurance company. He is informed that it is mandatory
for him to be able to drive his own car to meet prospective customers and finalize
insurance deals. Such a condition in the job description is referred to as a:
A. special requirement.
B. qualification.
C. summary of the job.
D. codicil.
Which of the following terms refers to a paragraph that describes the firm’s goals and
competitive advantages?
A. Tagline
B. Executive summary
C. Mission statement
D. Elevator pitch
_____ is a price-setting method where an amount is added to the cost of a product to set
the retail price and provide a profit.
A. Markup pricing
B. Marginal pricing
C. Internal reference pricing
D. Differential pricing
In the Small Business Administration guaranteed loan payment programs, the owners
must be _____ before they qualify.
A. backed by personal equity for half the loan sum
B. turned down by a bank
C. partnered with a successful entrepreneur
D. the heads of an already successful business
Which of the following concepts is based on the perception that promises have been
made in exchange for certain employee obligations such as giving of their energy, time,
and technical skills?
A. Open-book policy
B. Work facilitation
C. Psychological contract
D. Autonomy
Which of the following is true of theories based on the bounded rationality models?
A. It assumes that people are inefficient processors of information.
B. It assumes that people use complete information and incomplete analyses to make
decisions.
C. It assumes that people have unlimited abilities to obtain and process information.
D. It assumes that the human mind is fundamentally irrational.