Flag question: Question 34Question 342 pts

PRODUCT MIX is a group of products that are physically similar or are intended for a similar market:

Group of answer choices

True

False

Flag question: Question 35Question 352 pts

CORPORATE STRATEGY is when an entrepreneurial venture may find that it has significantly changed its focus from the initial concept of the venture as it has continually responded and adapted to its market and the desire to optimize profitability potential:

Group of answer choices

True

False

Flag question: Question 36Question 362 pts

A NASCENT ENTREPRENEUR is an entrepreneur that continues to develop new products and services beyond what the venture can support and inadvertently may diminish the focus and effectiveness of the activities supporting the venture's primary revenue streams:

Group of answer choices

True

False

Flag question: Question 37Question 372 pts

FATAL 2% RULE refers to the rule that stipulates/suggests entrepreneurial ventures most often fail due to one or more of these four issues: 1) Inadequate sales (39%) 2) Competitive weaknesses (21%) 3) Excessive operating expenses (11%) 4) Uncollected receivables (9%):

Group of answer choices

True

False

Flag question: Question 38Question 382 pts

GOING CONCERN is best described as a business that is viable and able to continue in business for the foreseeable future:

Group of answer choices

True

False

Flag question: Question 39Question 392 pts

A UNIQUE SELLING PROPOSITION (USP) refers to a uniquely identified group of customers that a business has decided to aim its marketing efforts and merchandise towards:

Group of answer choices

True

False

Flag question: Question 40Question 402 pts

A PROSPECTIVE STRATEGY is a promotional tool that involves people telling other people about products they have purchased:

Group of answer choices

True

False

Flag question: Question 41Question 412 pts

REINFORCEMENT THEORY is BEST described as the following: Providing a measurable way of assessing a person's commitment and performance; an organized way of giving feedback on the way an organizational member performs. Evidence does exist that higher performance results when measurably "predetermined" outcomes are well defined but challenging, as a successful outcome boosts the self-esteem:

Group of answer choices

True

False

Flag question: Question 42Question 422 pts

Any activity that seeks to provide goods and/or services to others while trying to operate at a profit:

Group of answer choices

Leadership

Entrepreneurship

Management

Business

Human Resources

Flag question: Question 43Question 432 pts

A general rise in the prices of goods and services over time:

Group of answer choices

Depression

Stagnation

Recession

Inflation

Deflation

Flag question: Question 44Question 442 pts

A situation in which prices of goods and services are declining:

Group of answer choices

Inflation

Recession

Deflation

Depression

Stagnation

Flag question: Question 45Question 452 pts

The stage when you begin to see resolution of any problems; point when members start to move past their issues:

Group of answer choices

Storming

Forming

Adjourning

Performing

Norming

Flag question: Question 46Question 462 pts

The stage when members start to push against boundaries established; within an academic setting this is the stage where members might routinely be late for a team scheduled meeting, absent all together, or arrive unprepared:

Group of answer choices

Storming

Adjourning

Norming

Performing

Forming

Flag question: Question 47Question 472 pts

Economic Classifications: An economy reliant on ONE marketing strategies:

Group of answer choices

Capitalistic-Economy

Monopolistic-Economy

Socialistic-Economy

Communistic-Economy

Oligopolistic-Economy

Mixed-Economy

Flag question: Question 48Question 482 pts

Economic Classifications: An economy where competition is limited to only a few number of producers and/or sellers:

Group of answer choices

Monopolistic-Economy

Socialistic-Economy

Oligopolistic-Economy

Communistic-Economy

Mixed-Economy

Capitalistic-Economy

Flag question: Question 49Question 492 pts

5C's of Credit: Refers to the borrower's ability to repay back the loan:

Group of answer choices

Capital

Capacity

Collateral

Cash

Character

Conditions

Flag question: Question 50Question 502 pts

5C's of Credit: By itself, is not considered to be one of the 5C's of Credit; however, if it were it would fall under Capital:

Group of answer choices

Capital

Collateral

Character

Cash

Conditions

Capacity

Flag question: Question 51Question 511 pts

Accounts Receivable refers to the amount of money you or the business owes to creditors (suppliers, etc.) in return for goods and/or services delivered:

Group of answer choices

True

False

Flag question: Question 52Question 521 pts

Assets are best described in two different ways; Current Assets which are those that will be used within one year. Typically, this could be cash, inventory, or accounts receivables while Fixed Assets (non-current) are more long-term and will likely provide benefits to a company for more than one year, such as a building, land, large expensive equipment, or machinery:

Group of answer choices

True

False

Flag question: Question 53Question 531 pts

Generally Anticipated Administrative Principles (GAAP) is an accounting term which stands to mean the industry-wide acknowledgement and/or outlining of rules and covenants for reporting financial information:

Group of answer choices

True

False

Flag question: Question 54Question 544 pts

The Four Financial Statements: Balance Sheet, Income Statement, Statement of Cash Flows, and Statement of Retained Earnings:

Group of answer choices

True

False