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SB unit 1&2
| Question | Answer |
|---|---|
| Which skills will help an entrepreneur with record-keeping, inventory, ordering, payroll, and profits? | Math skills |
| Business owners must be able to get along with their employees, make customers feel welcome, and maintain a working relationship with business associates. These are: | Human relations skills. |
| Entrepreneurs are willing to work until the job is finished. In this respect entrepreneurs are said to be: | Persistent. |
| Entrepreneurs generally have high expectations for themselves and strive to achieve those expectations. Thus, they are characterized as: | |
| Of the major factors contributing to the success of a small business, which one is affected by the lack of working capital? | Financing |
| Jessica asks many questions and conducts¹ research when attempting to solve problems related to her business. What personal characteristic does this represent? | Inquisitiveness |
| Clarence Birdseye pioneered the development of packaged frozen foods in the 1920s. He is considered a/n: | Entrepreneur. |
| 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. |
| The inability to interpret financial records demonstrates a lack of: | Competence of the entrepreneur. |
| Andrea is very adept at using PowerPoint to make presentations to potential investors in her business. She is demonstrating: | Technical skills. |
| Which section of the business plan contains information about the personal and non-personal promotion for the business? | Marketing plan |
| Which section of the business plan discusses the personal qualifications of the entrepreneur? | Management team plan |
| The proposed business organization, including the form of business ownership, is included in which section of the business plan? | Organizational plan |
| Plans for future expansion of the business are included in which section of the business plan? | Growth plan |
| Product development and channels of distribution are included in which section of the business plan? | Operational plan |
| The South Shore Grill hosted a dinner with proceeds¹ being donated to help local DECA members attend national competition. 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 |
| A business owner attempts to enforce a certain level of acceptable behavior for those who represent the business by creating a: | Code of ethics. |
| Before selling a new infant car seat, the owner of Rock-A-Bye-Baby demonstrates the correct installation of the seat. The owner is demonstrating ethical responsibility towards: | Customers. |
| The study of moral choices and values is: | Ethics. |
| Businesses can demonstrate ethical responsibility towards customers by: | Representing the merits of products truthfully. |
| 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 employee action is a VIOLATION of ethical responsibility to customers? | Cindy makes false claims about the performance of an electronics product. |
| A business plan can provide an entrepreneur with a start-up: | Blueprint. |
Created by:
tonaricka
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