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FBLA Entrepreneurship Test Questions And Answers With Verified Solutions Already Passed Latest Updated 2024
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FBLA Entrepreneurship Test Questions And Answers With Verified Solutions Already Passed Latest Updated 2024

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  • October 11, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • fbla entrepreneurship test questions and answers w
  • the statement of purpose in a business plan should
  • the appendix to a business plan would likely inclu
  • what type of business is the plan that manufact

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  • FBLA
  • FBLA

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FBLA Entrepreneurship Test Questions
And Answers With Verified Solutions
Already Passed Latest Updated 2024
The statement of purpose in a business plan should be: - ANSWER✔✔No more
than one or two paragraphs


The appendix to a business plan would likely include - ANSWER✔✔A copy of the
owner's resume


What type of business is the plan that manufactures polo clothing -
ANSWER✔✔Manufacturing business


Lexi decides to open a shoe store. She is operating a _____ business -
ANSWER✔✔Retailing


Things that a person owns are called: - ANSWER✔✔Assets


The list of people who receive salary or wage payments from a business is called a
- ANSWER✔✔Payroll


The ____ is a financial statement that shows how much money is available to pay
bills - ANSWER✔✔Cash flow statement


Cash sales and cash payments received from customers on their credit accounts are
recorded in the - ANSWER✔✔Cash receipts journal

, Credit card fraud is an example of - ANSWER✔✔Human risk


___ is not one of the basic strategies for dealing with risk - ANSWER✔✔Denying
the risk exists


An insurance agent may not - ANSWER✔✔Earn greater commissions for less
claims on policies sold


___ is not a risk associated with doing business in another country -
ANSWER✔✔Insurance


Product characteristics that will satisfy consumer needs are called: -
ANSWER✔✔Features


Establishing informal ties with people who can help your business grow is called: -
ANSWER✔✔Networking


Conducting a risk assessment does not involve: - ANSWER✔✔Designing a plan to
cover risks


An entrepreneur will not use _____ for recruiting: - ANSWER✔✔Facebook


Freelancers provide specialty services to businesses: - ANSWER✔✔On an hourly
or by the job basis


Family medical leave act of 1993 requires businesses with more than fifty
employees to provide employees up to ____ months of unpaid leave if a serious

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