Archives: Quiz
Counseling Chapter 1 Which The Following Therapeutic Approaches Most Places
1 Te s t I t e m s f o r Case Approach to Counseling and Psychotherapy Chapter 1- Introduction and Overview 1. Which of the following therapeutic approaches most places emphasis on an individual’s competencies, avoiding defining a […]
Finance Chapter 23 Small Business Regulatory Enforcement Fairness Act Provided small
Copyright © 2015 Pearson Education, Ltd. 58) The Robinson-Patman Act focuses on: A) price discrimination. B) product warranty. C) product liability. D) unsafe products. Answer: A Page Ref: 836 Topic: Trade Practices AACSB: Analytic Skills 59) The FTC forbade the […]
Finance Chapter 23 Merchant Law b Based Case Law And Overturns
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 23 The Legal Environment: Business Law and Government Regulation 1) Something of legal value that the parties exchange as part of a bargain. […]
Finance Chapter 22 Transferring ownership The Next Generation Family Members Requires
Copyright © 2015 Pearson Education, Ltd. 50) What types of financing requirement dramatically reduces the number of potential buyers? A) 80% financing, 20 % cash B) 100% cash only C) 100% financing by the seller D) All of the above […]
Finance Chapter 22 Entrepreneurship And Effective Small Business Management 11e
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 22 Management Succession and Risk Management Strategies in the Family Business 1) The essential quality for a family business that shows a recognition […]
Finance Chapter 21 Celebrate Their Workers Successes Effective Leaders Recognize
Copyright © 2015 Pearson Education, Ltd. 66) Company culture is a process by which a firm determines the duties and nature of the jobs to be filled and the skills and experience required of the people who are to fill […]
Finance Chapter 21 The process of influencing and inspiring others to work to achieve
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 21 Staffing and Leading a Growing Company 1) The process of influencing and inspiring others to work to achieve a common goal and […]
Finance Chapter 20 When storage space or the type of item does not suit the two-bin
Copyright © 2015 Pearson Education, Ltd. 65) When storage space or the type of item does not suit the two-bin system, the owner can use the ________. A) sales system B) inventory system C) tag system D) weighted average system […]
Finance Chapter 20 For most retailers and wholesalers, the investment
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 20 Managing Inventory 1) For most retailers and wholesalers, the investment in ________ is the largest capital outlay next to payroll. A) office […]
Finance Chapter 19 Under The Total Quality Management TQM Philosophy
Copyright © 2015 Pearson Education, Ltd. 67) Which of the following statements is correct? A) Benchmarking is the process of calculating carrying cost, EOQ and other inventory management procedures and being able to compare it to others. B) Benchmarking is […]
Finance Chapter 19 As a solution to a company’s quality problems
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 19 Supply Chain Management 1) The primary objective of the purchasing function is to: A) ensure an adequate turnover of merchandise. B) acquire […]
Finance Chapter 18 Are The Income Levels Increasing Decreasing Are
Copyright © 2015 Pearson Education, Ltd. 53) The manufacturing layout that arranges workers and equipment according to sequence of operation and is best suited for highly standardized or mass-produced products is called: A) process layout. B) fixed-position layout. C) function […]
Finance Chapter 18 Mary’s Store Basically Hiding Her From Most
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 18 Location, Layout, and Physical Facilities 1) The secret to selecting the ideal location for a business is: A) the available labor pool […]
Finance Chapter 17 The common short-term loan is for one year, often repaid sooner
Copyright © 2015 Pearson Education, Ltd. 65) Convertible bonds: A) can’t be converted to equity. B) typically pay a lower interest rate. C) typically pay a higher interest rate. D) None of the above Answer: B Page Ref: 592 Topic: […]
Finance Chapter 17 Small Business Investment Act Use Combination Private
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 17 Sources of Debt Financing 1) Sometimes small businesses have to use debt financing instead of equity financing. When they do, they discover […]
Finance Chapter 16 Layered financing is the process of piecing start-up
Copyright © 2015 Pearson Education, Ltd. 62) Layered financing is the process of piecing start-up capital together from a variety of sources rather than relying on a single source of funds. Answer: TRUE Page Ref: 553 Topic: Introduction AACSB: Analytic […]
Finance Chapter 16 Sec c Bound The Offering Until Executed d Listed
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 16 Sources of Equity Financing 1) The credit crunch has hit those entrepreneurs seeking between $100,000 and ________. A) $3 million B) $500,000 […]
Finance Chapter 15 The lack of cash has driven a number of small businesses
Copyright © 2015 Pearson Education, Ltd. 61) A ________ is a checking account that technically never has funds in it but is tied to another master account like payroll. A) cash account B) money market account C) zero balance account […]
Finance Chapter 15 The owner needs to remember that for cash budgeting
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 15 Managing Cash Flow 1) The first step in managing cash more effectively is: A) having an adequate cash reserve for emergency expenditures. […]
Finance Chapter 14 The small firm’s income statement presents a picture of the firm’s
Copyright © 2015 Pearson Education, Ltd. 61) Which of the following is correct? A) Assets – Liabilities = Equity B) Assets – Equity = Liabilities C) Assets = Liabilities + Equity D) All of the above Answer: D Page Ref: […]
Finance Chapter 14 John is reviewing the company’s costs and expenses against
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 14 Creating a Solid Financial Plan 1) A pro forma financial statement means: A) looking at the current financial statement. B) looking at […]
Finance Chapter 13 Creating a meaningful presence on the Web requires
Copyright © 2015 Pearson Education, Ltd. 49) The ideal domain name should be: A) short & memorable. B) indicative of a company’s business or business name. C) easy to spell. D) All of the above Answer: D Page Ref: 467 […]
Finance Chapter 13 Which Products Are Selling Best And Which
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 13 E-Commerce and Entrepreneurship 1) ________ is a trend where people test products in retail stores but buy them online. A) Showboating B) […]
Finance Chapter 12 Martha has heard that Iranian caviar is in demand
Copyright © 2015 Pearson Education, Ltd. 64) Martha has heard that Iranian caviar is in demand and is planning to start an importing business. After further research, she found that she is not able to import such product from Iran […]
Finance Chapter 12 Skills and commitment to succeed in this venture
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 12 Global Marketing Strategies 1) ________ is (are) said to link trading partners, whether they are giant corporations or single individuals with a […]
Finance Chapter 11 Businesses faced with rapidly rising raw materials costs
Copyright © 2015 Pearson Education, Ltd. 65) Businesses faced with rapidly rising raw materials costs should consider the following strategies: A) Communicate with customers and focus on improving efficiency everywhere in the company. B) Emphasize the value your company provides […]
Finance Chapter 11 Tom is working on a pricing strategy for his company’s new product
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 11 Pricing and Credit Strategies 1) Tom is working on a pricing strategy for his company’s new product line. In order to determine […]
Finance Chapter 10 USP Must Actually Be unique Entrepreneurs Should Build
Copyright © 2015 Pearson Education, Ltd. 65) When using advertising, the small business owner should ask him/herself certain questions such as “What business are we in?”, “What image do we want to project?”, etc. Answer: TRUE Page Ref: 335 Topic: […]
Finance Chapter 10 High Absolute And Relative Costs b Legal Restrictions c
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 10 Creative Use of Advertising and Promotion 1) In reality, advertising: A) is a “luxury expense” to be undertaken only when the budget […]
Finance Chapter 09 The product or service offered is the foundation
Copyright © 2015 Pearson Education, Ltd. 57) A ________ is a small number of customers who give you feedback on specific issues in your business—quality, convenience, hours of operation, service, and so on. A) survey B) questionnaire C) focus group […]
Finance Chapter 09 The marketing plan builds a strategy for success
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 9 Building a Bootstrap Marketing Plan 1) A business plan for the small business owner: A) is of relatively little importance due to […]
Finance Chapter 08 What Lenders And Investors Look For Business
Copyright © 2015 Pearson Education, Ltd. 57) A ________ is a descriptive fact about a product or service. A) feature B) product summary C) benefit D) None of the above Answer: A Page Ref: 285 Topic: Elements of a Business […]
Finance Chapter 08 A well-developed business plan provides the entrepreneur
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 8 New Business Planning Process: Feasibility Analysis, Business Modeling, and Crafting a Winning Business Plan 1) For entrepreneurs, a business plan is: A) […]
Finance Chapter 07 The median selling price of a private company
Copyright © 2015 Pearson Education, Ltd. 61) The median selling price of a private company is: A) $75,000. B) $125,000. C) $275,000. D) $420,000. Answer: D Page Ref: 241 Topic: Methods for Determining the Value of a Business AACSB: Analytic […]
Finance Chapter 07 When buying an existing business, the potential buyer
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 7 Buying an Existing Business 1) When buying an existing business, the potential buyer should remember that: A) it is a long process […]
Finance Chapter 06 Royalties are paid by the franchisee to the franchisor
Copyright © 2015 Pearson Education, Ltd. 53) In franchising, royalties are paid by the franchisee to the franchisor. Answer: TRUE Page Ref: 195 Topic: What is a Franchise? AACSB: Analytic Skills 54) By definition, a franchise is owned by a […]
Finance Chapter 06 When it comes to financial assistance for franchisees
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 6 Franchising and the Entrepreneur 1) In franchising, a ________ pays fees and royalties to a ________ in return for the right to […]
Finance Chapter 05 A distinct disadvantage of the corporate form of ownership
Copyright © 2015 Pearson Education, Ltd. 61) Complementary skills refers to: A) the sole proprietorship skills. B) partner’s skills that complement one another. C) complementary skills offered by the employees. D) None of the above Answer: B Page Ref: 174 […]
Finance Chapter 05 The key to choosing the “right” form of ownership is
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 5 Choosing a Form of Ownership 1) The key to choosing the “right” form of ownership is: A) knowing the cost factor in […]
Finance Chapter 04 The strategic management procedure for a small business
Copyright © 2015 Pearson Education, Ltd. 57) ________ are a unique set of capabilities that a company develops in key areas, such as superior quality, customer service, innovation, team-building, flexibility, speed, responsiveness, and others that allow it to vault past […]
Finance Chapter 04 Pearson Education Ltd29 The Focal Point Firms
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 4 Strategic Management and the Entrepreneur 1) The strategic management process: A) is especially difficult for the small business because of its limited […]
Finance Chapter 03 Innovators succeed by thinking and doing new things or old things
Copyright © 2015 Pearson Education, Ltd. 45) ________ thinking is the ability to see the similarities and the connections among various and often diverse data and events. A) Divergent B) Parallel C) Investigative D) Convergent Answer: D Page Ref: 127 […]
Finance Chapter 03 Which one of the following is NOT a small business innovation enabler
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 3 Creativity and Innovation: Keys to Entrepreneurial Success 1) ________ is the ability to develop new ideas and to discover new ways of […]
Finance Chapter 02 She was fired because the company does not tolerate having employees
Copyright © 2015 Pearson Education, Ltd. 63) Business ethics consist of the fundamental ________ values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders. A) religious B) moral […]
Finance Chapter 02 The concept of social responsibility has evolved from that
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 2 Ethics and Social Responsibility: Doing the Right Thing 1) ________ are the various groups and individuals who affect and are affected by […]
Finance Chapter 01 Communication 83 Lack Experience The Number One Cause
Copyright © 2015 Pearson Education, Ltd. 45) Which of the following is not a common characteristic of entrepreneurs? A) Desire for responsibility B) Business plan expertise C) Preference for moderate risk D) High energy level Answer: B Page Ref: 33-35 […]
Finance Chapter 01 The following is true regarding entrepreneurial education
Copyright © 2015 Pearson Education, Ltd. Entrepreneurship and Effective Small Business Management, 11e, Global Edition (Scarborough) Chapter 1 Entrepreneurs: The Driving Force Behind Small Business 1) The nation is rapidly moving from: A) industrial to capitalism. B) capitalism to industrial. […]
Chapter 17 Why would you compare or not compare Coca-Cola
Chapter 17: Financial Statement Analysis 169. A company reported the following: Net income $270,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock $36.40 Calculate the company’s priceearnings ratio. Round your answer to […]
Chapter 17 Inventory Turnover Cost Goods Sold Average Inventory year
Chapter 17: Financial Statement Analysis 146. Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows: Year 2 Year 1 Current assets $160,000 $130,000 Property, plant, and equipment […]
Chapter 17 The particular analytical measures chosen to analyze a company
Chapter 17: Financial Statement Analysis 109. The particular analytical measures chosen to analyze a company may be influenced by all of the following except a. industry type b. capital structure c. diversity of business operations d. product quality or service […]