Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
23 Cards in this Set
- Front
- Back
|
Which section of the business plan contains
information about the personal and nonpersonal promotion for the business? |
Marketing plan
|
|
|
Advertising and promotion expenses for an
ongoing business are: |
Variable costs.
|
|
|
Which section of the business plan discusses
the personal qualifications of the entrepreneur? |
Management team plan
|
|
|
Businesses can demonstrate ethical
responsibility towards customers by: |
Representing the merits of products
truthfully. |
|
|
Product development and channels of
distribution are included in which section of the business plan? |
Operational plan
|
|
|
Which type of business can own assets and
borrow money without directly involving the people who own it, and, therefore, is more closely regulated by the government than other business organizations? |
Corporation
|
|
|
The value of a life insurance policy on the
life of the business owner is which type of asset? |
Other
|
|
|
The proposed business organization,
including the form of business ownership, is included in which section of the business plan? |
Organizational plan
|
|
|
The business lease has been renewed and
the monthly lease agreement is set for the next three years. Which type of expense is each lease payment? |
Fixed
|
|
|
Initial inventory for the business is which
type of cost? |
Start-up cost
|
|
|
Which is NOT a factor on an income
statement? |
Liabilities
|
|
|
Of the major factors contributing to the
success of a small business, which one is affected by the lack of working capital? |
Financing
|
|
|
Clarence Birdseye pioneered the
development of packaged frozen foods in the 1920s. He is considered a/n: |
Entrepreneur.
|
|
|
Which federal agency helps small
businesses secure government contracts? |
SBA
|
|
|
Conner’s Supermarket has a sign posted in
the meat department informing shoppers of the potential dangers of eating raw shellfish. Connor’s is demonstrating ethical responsibility towards: |
Customers.
|
|
|
As she prepared to open her new flower
shop, Jamesia made several trips to talk with an accountant. The fees paid for those consultations would be classified as: |
Start-up costs.
|
|
|
Which federal agency provides social and
economic statistics to small businesses? |
Department of Commerce
|
|
|
Which is a balance sheet item?
|
Assets
|
|
|
A local agency which is a good resource for
agricultural businesses is the: |
County Extension Service.
|
|
|
Capital contributed by the owner(s) of a
business is: |
Equity.
|
|
|
Professional fees paid to an accountant or
attorney for occasional work would be which type of expense? |
Variable
|
|
|
Under which form of business ownership
do owners have limited liability? |
Corporation
|
|
|
OSHA inspects factories to ensure safe
working conditions for employees. This illustrates the government’s role as a: |
Regulator.
|
