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Eopa Entrepreneurship Study Set 560 Questions And Answers With Verified Solutions 100% Correct!!!
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Eopa Entrepreneurship Study Set 560 Questions And Answers With Verified Solutions 100% Correct!!!
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Eopa Entrepreneurship Study Set 560Questions And Answers With Verified
Solutions 100% Correct!!!
multiple choice/60 questions/online/no time limit/70% or higher gains
certificate/you may use a calculator - ANSWER✔✔ what is the format of the
exam?
intellectual property - ANSWER✔✔ a work or invention that is the result of
creativity, such as a manuscript or a design, to which one has rights and for which
one may apply for a patent, copyright, trademark, etc.
aptitude - ANSWER✔✔ natural ability to do a particular type of work or activity
well
capital resources - ANSWER✔✔ goods made and used to produce other goods
and services, such as buildings, machinery, tools and equipment
OSHA - ANSWER✔✔ Occupational Safety and Health Act of 1970, created to
assure safe and healthful working conditions for working men and women by
setting and enforcing standards and by providing training, outreach, education
and assistance.
break even analysis - ANSWER✔✔ is a calculation of the point at which revenues
equal expenses
unlimited liability - ANSWER✔✔ If a small business owner (sole proprietor) is
responsible for all the debts and choices of
,a business, the owner is considered to have?
marketing plan - ANSWER✔✔ Business document created for the purpose of
describing
the current market position of a business and its strategy for making the
customer
aware of the product or service that is being offered
The purpose of SWOT analysis is to examine a company's? - ANSWER✔✔
strengths, weaknesses, opportunities, and threats
income statement - ANSWER✔✔ A "period-of-time" report on the profitability of
business operations is a/an
trade association - ANSWER✔✔ Entrepreneurs can seek technical and general
assistance in a specific industry by
joining organizations such as?
Good credit - ANSWER✔✔ Paying bills when due
LIFO Method - ANSWER✔✔ inventory costing method produces lower gross
margin, lower income tax, smaller cash outflows for income tax purposes.
LIFO (last in first out) - ANSWER✔✔ an asset management and valuation method
that assumes assets produced or acquired last are the ones used, sold or disposed
of first
,FIFO (first in first out) - ANSWER✔✔ is an asset-management and valuation
method in which the assets produced or acquired first are sold, used or disposed
of first
attitude - ANSWER✔✔ What is reflected in every contact with customers and in
completion of work
assignments?
word processing - ANSWER✔✔ Which application is the best choice for creating
reports, tables, letters and memos?
mission statement - ANSWER✔✔ a formal summary of the aims and values of a
company, organization, or individual.
word processing software - ANSWER✔✔ a.k.a. Microsoft Word
spreadsheet software - ANSWER✔✔ a.k.a. Microsoft Excel
presentation software - ANSWER✔✔ a.k.a. Microsoft PowerPoint
Accounts Payable - ANSWER✔✔ An unpaid balance of money owed by your
business, generally referring to amounts owed for inventory,supplies, and other
such ongoing expenses.
, Accounts Receivable - ANSWER✔✔ An unpaid balance of money owed to your
business by customer accounts
Annual Work Plan - ANSWER✔✔ A detailed document which is the result of
operational planning.Highlights from this plan are included in the business plan
assets - ANSWER✔✔ Any items of value owned; items on the balance sheet that
reflect value owned include cash, accounts receivable, notes receivable, property
and property rights.
Barter - ANSWER✔✔ The direct trading of goods and services between people
without the use of money
Bottom Line - ANSWER✔✔ The last lineof a financial statement used to show net
profit or loss
Brainstorming - ANSWER✔✔ A creative problem-solving activity that helps create
possibilities to address problems or challenges. Thinking of as many and different
answers is important and no responses should be
questioned during the activity of Brainstorming
Brand - ANSWER✔✔ A name or symbol that represents a product.
Capital Resources - ANSWER✔✔ Goods made by people and used to produce
other goods and services (also called intermediate goods)
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