_____ is money from selling part of a business to people who are not and will not be
involved in the management of the business.
A. Dividend
B. Bond
C. Equity capital
D. Outside equity
According to the SCAMPER tool, which popular innovation strategy can be just as
effective and much more likely in the real world than business opportunities that result
from radical innovations?
A. Magnify
B. Adapt
C. Eliminate
D. Restitute
Which of the following is most likely to increase the odds of start-up successes?
A. Starting business in a business incubator
B. Securing investment from family or friends
C. Having experience of managing large firms
D. Starting with one founder
_____ are programs or pieces of equipment which serve as a barrier between a PC and
the Internet.
A. Ethernets
B. Firewalls
C. Hubs
D. Spywares
A type of internal control that separates the physical control of an asset from the person
accounting for that asset is called _____.
A. asset liability
B. adverse possession
C. separation of duties
D. separation of liabilities
A person or organization offering the rights to use a particular piece of intellectual
property is referred to as the:
A. bailor.
B. franchisor.
C. licensor.
D. licensee.
While teaching strategy at Farrell University, Jessica developed an interactive
strategy-simulation game to inculcate the concept of strategy to her students. She found
that they were able to grasp the concept much better from the game rather than from
reading books. For two years Jessica used the game to teach students. Eventually she
removed possible glitches and perfected the game. She wanted students at other
universities to benefit from the simulation. The result was the launch of Simulate
Strategy, Inc. Some of Jessica’s students suggested that she create a Web site for
Simulate Strategy, Inc. Her company is fairly new and opening a Web site immediately
would expose her company to customers from around the world. In this scenario,
Simulate Strategy is an example of a _____.
A. freight forwarder
B. born international
C. sheltered workshop
D. contract manufacturer
_____ is a formal, rule-based set of accounting principles and procedures intended for
use by outside owners, investors, banks, and regulators.
A. Tax accounting
B. Managerial accounting
C. Financial accounting
D. Forensic accounting
A(n)_____ identifies when, how, and why money is expected to come into the business,
and when, how, and why it is expected to leave.
A. bearer
B. overdraft
C. charge back
D. cash budget
A cash budget identifies when, how, and why cash is expected to come into the
business, and when, how, and why it is expected to leave.
Key chains, pens, coffee mugs, or embossed briefcases are examples of _____.
A. promotional novelties
B. signs
C. flyers
D. marketing kits