ENTREPRENEURSHIP B
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75)  A Web site must be created with a
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52)  If in doubt, price the product or service on the________side whenever possible.
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81)  The ___ prevents companies from discriminating against people to whom companies offer credit.
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73)  Which one of the following payroll taxes is paid by both the employer and the employee?
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98)  The members of an LLC are not personally liable for the debts of the LLC, but
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62)  A professional corporation requires all shares of stock to be owned by
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89)  The entrepreneur’s connection with risk evolved in the seventeenth century, when an entrepreneur was someone who entered into a contract with the government to perform a service or to supply what type of products?
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82)  _____________ ratios measure the extent to which an entrepreneur relies on debt capital rather than equity capital to finance a business.
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100)  Individuals who leave employment in a company to form their own company have obligations that should be met. What is the relationship that brought about these obligations?
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71)  What is the tax imposed at the federal level on the profit of all entities treated as corporations called?
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77)  A(n) __________ is a work stoppage caused by the mass refusal of employees to work.
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54)  To be successful, a business must
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69)  A business plan contains a marketing and ______________ plan.
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91)  The breakeven point for a business occurs where a company's total revenue equals its
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79)  Which one of the following is not an example of fulfilling environmental responsibilities?
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64)  The list of people who receive salary or wage payments from a business is called a(n)
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84)  Payroll income taxes must be paid ___ by the employer.
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85)  ___________ pricing is a technique that involves marking down the normal price of a popular item to attract customers who may make additional purchases.
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96)  Melanie is in need of a new shop for her embroidery business. She is required by the city where she lives to have a licensed __________ submit building plans for her new shop to be approved by the city before she begins construction of the building.
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78)  Which of the following policies does a company have if it is available to provide information, answer questions, give tours of its facilities, and make presentations about its operations?
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67)  Which type of test is least likely to be used in evaluating a prospective employee?
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66)  The preparation of an organizational chart of current employees and documented job descriptions helps in the planning of the
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51)  Sales listed in a business plan, in relation to all industry sales expressed as percentages are called
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76)  Union efforts to force employers to hire more workers than demanded for the task is referred to as
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55)  What process consists of a series of inputs, such as raw materials, labor, and machinery, which are then transformed through a series of processes into new products and services?
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72)  Which type of business entity does not pay federal income taxes?
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74)  Each year a business must pay taxes to which one of these governmental agencies?
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63)  Employers must send employees ____ forms by January 31. These forms are used to calculate individual income taxes.
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60)  The articles of organization and the ____________________ are documents an entrepreneur must file to create a limited liability company.
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87)  Which one of the following is part of the process of filing a corporate charter?
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95)  ____ is the process of growing more ethically mature.
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70)  The three main sources of potential legal liabilities for the buyer of an existing business include deficiencies in the physical property, product liability claims, and:
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68)  Johnson’s Heating and Air Conditioning has a service technician on call 24 hours a day. If a technician is required to work more than 40 hours per week because of making house calls after normal business hours, Johnson’s doesn’t pay overtime but allows the employee to take time off from work at a later date. Johnson’s is offering which one of these to their employees?
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59)  A small business owner should not ___ when interviewing potential employees.
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93)  Key objectives in investing surplus cash of business owners should be which one of the following?
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56)  Which one of the following is a good way to test a new concept in the marketplace?
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57)  Increased research on the subject, a growing number of courses in entrepreneurship, and heightened _____ by the media, have increased awareness about entrepreneurship.
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61)  Double taxation refers to the taxes being paid by the
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92)  ________________ evaluates the necessity of every item.
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80)  When a company accepts civic responsibility and takes an interest in the well-being of the surrounding community, it is engaging in
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90)  Robert is evaluating where to open a new hobby store and he found that he would not be able to locate the store next to a church. This restriction is called
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58)  Employees can request employers to take out payments for health or dental insurance from their pay. These are called
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86)  Health insurance has become a major factor with people who are considering changing jobs, retiring, or have been downsized. The Consolidated Omnibus Reconciliation Act of 1985 (COBRA) requires that companies continue to provide health benefits to former employees for up to 18 months. COBRA is
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53)  To the extent that entrepreneurs can predict the points of takeoff (optimism) and slowdown (pessimism) in the ____, they can better manage demand.
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97)  What is a trade secret?
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99)  When Tena received her credit card statement, she noticed that there was an error on her bill. According to the Fair Credit Billing Act of 1974, what is Tena's responsibility?
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83)  _______________ indicates that a company is financially mismanaged and is not a good credit risk.
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88)  NAFTA, the free trade deal in effect since 1994, includes
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65)  ____ are managers who work directly with the employees who perform the day-to-day tasks of a business.
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94)  A worker at a union company does not have to join the union or pay union dues to keep his/her job as a result of
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