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73 Cards in this Set

  • Front
  • Back
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
Which section of the business plan contains
information about the personal and nonpersonal
promotion for the business?
Marketing plan
Dillon’s Corner sponsored a raffle to help
raise funds for a new school press box. This
represents ethical responsibility towards:
Community.
What state agency issues permits to day
care centers?
State Department of Agriculture
Consumer Protection Division
The USDA requires that meat and poultry
plants be inspected to ensure the safety of
those food items. This illustrates the
government’s role as a:
Regulator.
Under which form of business ownership
do owners have limited liability?
Corporation
Which is a major disadvantage to buying a
franchise?
The performance of other franchises
impact on the franchisee.
There are no coffee shops on Hatteras
Island. Mike thinks that a coffee/bagel shop
would have commercial value. His idea is
considered a/n:
Opportunity
Why is sole proprietorship the most
common form of business ownership?
The government assumes little control
over sole proprietorships.
Andrea is very adept at using PowerPoint
to make presentations to potential investors
in her business. She is demonstrating:
Technical skills.
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
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
Which section of the business plan contains
information about the personal and nonpersonal
promotion for the business?
Marketing plan
Which section of the business plan contains
information about the personal and nonpersonal
promotion for the business?
Marketing plan
Dillon’s Corner sponsored a raffle to help
raise funds for a new school press box. This
represents ethical responsibility towards:
Community.
Dillon’s Corner sponsored a raffle to help
raise funds for a new school press box. This
represents ethical responsibility towards:
Community.
What state agency issues permits to day
care centers?
State Department of Agriculture
Consumer Protection Division
What state agency issues permits to day
care centers?
State Department of Agriculture
Consumer Protection Division
The USDA requires that meat and poultry
plants be inspected to ensure the safety of
those food items. This illustrates the
government’s role as a:
Regulator.
The USDA requires that meat and poultry
plants be inspected to ensure the safety of
those food items. This illustrates the
government’s role as a:
Regulator.
Under which form of business ownership
do owners have limited liability?
Corporation
Under which form of business ownership
do owners have limited liability?
Corporation
Which is a major disadvantage to buying a
franchise?
The performance of other franchises
impact on the franchisee.
Which is a major disadvantage to buying a
franchise?
The performance of other franchises
impact on the franchisee.
There are no coffee shops on Hatteras
Island. Mike thinks that a coffee/bagel shop
would have commercial value. His idea is
considered a/n:
Opportunity
There are no coffee shops on Hatteras
Island. Mike thinks that a coffee/bagel shop
would have commercial value. His idea is
considered a/n:
Opportunity
Why is sole proprietorship the most
common form of business ownership?
The government assumes little control
over sole proprietorships.
Why is sole proprietorship the most
common form of business ownership?
The government assumes little control
over sole proprietorships.
Andrea is very adept at using PowerPoint
to make presentations to potential investors
in her business. She is demonstrating:
Technical skills.
Andrea is very adept at using PowerPoint
to make presentations to potential investors
in her business. She is demonstrating:
Technical skills.
A local manufacturer has agreed to
produce Gale’s new product. This will
relieve Gale from having to set up a
manufacturing plant. This type of
partnership is a/n:
Strategic alliance.
To protect consumers, the government
must place some restrictions on private
companies. This illustrates the
government’s role as a:
Regulator.
Clarence Birdseye pioneered the
development of packaged frozen foods in
the 1920s. He is considered a/n:
Entrepreneur.
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.
A local manufacturer has agreed to
produce Gale’s new product. This will
relieve Gale from having to set up a
manufacturing plant. This type of
partnership is a/n:
Strategic alliance.
A local manufacturer has agreed to
produce Gale’s new product. This will
relieve Gale from having to set up a
manufacturing plant. This type of
partnership is a/n:
Strategic alliance.
Which federal agency helps small
businesses secure government contracts
SBA
To protect consumers, the government
must place some restrictions on private
companies. This illustrates the
government’s role as a:
Regulator.
To protect consumers, the government
must place some restrictions on private
companies. This illustrates the
government’s role as a:
Regulator.
Vaccinations against communicable
diseases illustrates the government’s role as
Provider of public goods.
Clarence Birdseye pioneered the
development of packaged frozen foods in
the 1920s. He is considered a/n:
Entrepreneur.
Clarence Birdseye pioneered the
development of packaged frozen foods in
the 1920s. He is considered a/n:
Entrepreneur.
The federal agency which provides
assistance and advice on how small
businesses can increase revenues and
profits is the:
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.
Which federal agency helps small
businesses secure government contracts
SBA
Of the major factors contributing to the
success of a small business, which one is
affected by the lack of working capital?
Financing
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.
OSHA inspects factories to ensure safe
working conditions for employees. This
illustrates the government’s role as a:
Regulator.
Vaccinations against communicable
diseases illustrates the government’s role as
Provider of public goods.
Which federal agency helps small
businesses secure government contracts
SBA
The inability to interpret financial records
demonstrates a lack of:
Competence of the entrepreneur
The federal agency which provides
assistance and advice on how small
businesses can increase revenues and
profits is the:
SBA.
Vaccinations against communicable
diseases illustrates the government’s role as
Provider of public goods.
The federal agency which provides
assistance and advice on how small
businesses can increase revenues and
profits is the:
SBA.
Of the major factors contributing to the
success of a small business, which one is
affected by the lack of working capital?
Financing
Of the major factors contributing to the
success of a small business, which one is
affected by the lack of working capital?
Financing
OSHA inspects factories to ensure safe
working conditions for employees. This
illustrates the government’s role as a:
Regulator.
OSHA inspects factories to ensure safe
working conditions for employees. This
illustrates the government’s role as a:
Regulator.
The inability to interpret financial records
demonstrates a lack of:
Competence of the entrepreneur
The inability to interpret financial records
demonstrates a lack of:
Competence of the entrepreneur
The South Shore Grill hosted a dinner with
proceeds being donated to help local DECA
members attend national competition. This
represents ethical responsibility towards:
Community.
A business plan can provide an
entrepreneur with a start-up:
Blueprint.
Which section of the business plan discusses
the personal qualifications of the
entrepreneur?
Management team plan
Which form of incorporation would a
church or charity use?
Nonprofit corporation
Which federal agency provides social and
economic statistics to small businesses?
Department of Commerce
In North Carolina, day care centers are
required to obtain licenses. This illustrates
the government’s role as a:
Regulator.
Which is a major advantage to buying a
franchise?
Management training and technical
assistance provided
Providing aid for dependent children
illustrates the government’s role as a:
Provider of social programs.
Jessica asks many questions and conducts
research when attempting to solve
problems related to her business. What
personal characteristic does this represent?
Inquisitiveness
A business owner attempts to enforce a
certain level of acceptable behavior for
those who represent the business by
creating a:
Code of ethics.
Entrepreneurs are willing to work until the
job is finished. In this respect
entrepreneurs are said to be:
Persistent.
Each year the government spends millions
of dollars on medical research. This is an
example of the government’s role as a:
Provider of social programs
Law firms and medical firms generally
choose which form of incorporation?
Limited Liability Company