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Mitirela Units 1 & 2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Which skills will help an entrepreneur with record-keeping, inventory, ordering, payroll, and profits?   Math skills  
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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.  
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Entrepreneurs are willing to work until the job is finished. In this respect entrepreneurs are said to be   Persistent.  
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Entrepreneurs generally have high expectations for themselves and strive to achieve those expectations. Thus, they are characterized as   Self-demanding.  
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Of the major factors contributing to the success of a small business, which one is affected by the lack of working capital?   Financing  
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Jessica asks many questions and conducts¹ research when attempting to solve problems related to her business. What personal characteristic does this represent?   Inquisitiveness  
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Clarence Birdseye pioneered the development of packaged frozen foods in the 1920s. He is considered a/n   Entrepreneur  
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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.  
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The inability to interpret financial records demonstrates a lack of   Competence of the entrepreneur  
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Andrea is very adept at using PowerPoint to make presentations to potential investors in her business. She is demonstrating   Technical skills.  
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Which section of the business plan contains information about the personal and non-personal promotion for the business?   Marketing plan  
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Which section of the business plan discusses the personal qualifications of the entrepreneur?   Management team plan  
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The proposed business organization, including the form of business ownership, is included in which section of the business plan?   Organizational plan  
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Plans for future expansion of the business are included in which section of the business plan?   Growth plan  
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Product development and channels of distribution are included in which section of the business plan?   Operational plan  
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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.  
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Dillon's Corner sponsored a raffle to help raise funds for a new school press box. This represents ethical responsibility towards   Community.  
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A business owner attempts to enforce a certain level of acceptable behavior for those who represent the business by creating a   Code of ethics.  
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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.  
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The study of moral choices and values is   Ethics.  
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Businesses can demonstrate ethical responsibility towards customers by   Representing the merits of products truthfully  
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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.  
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Which employee action is a VIOLATION of ethical responsibility to customers?   Cindy makes false claims about the performance of an electronics product.  
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A business plan can provide an entrepreneur with a start-up   Blueprint.  
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Created by: Baoo