Small Business Management

a business that makes finished goods from raw materials by hand or machinery is referred to as a

A business that purchases finished goods for resale is referred to as a

A particular business that provides a service as opposed to a product is referred to as a

an individual that assumes the risks associated with a new venture start up can be referred to as a(n)

a group of potential customers that are recognized as possessing purchasing power and unsatisfied needs defines

the main objective in a market survey is

any capital that is invested in a business by the owner(s) can be called

any credit that is extended from one business to another in order to help  finance the distribution of goods from the producer is called

long-term capital that is invested in a business is referred to as

In a business, the # of times the average inventory is sold or used up can be referred to as

a point in business operations whereby total sales revenue equals total costs

if a prospective business owner attempts to statistically study such factors as human population size, distribution, and wealth, we would refer to this as

the art of making the public aware of one's products and/or services that are for sale can be referred to as

any effort undertaken to retain and preserve the assets and earning power of a business is called

factors associated with evaluating a credit risk would involve all of the following except

in business, a reduction of selling price below the original selling price is referred to as

in a business, the name, goodwill, copyrights, and patents are referred to as

in organizing a business, a legal form of organization that is authorized by a state to operate a business under a state charter is referred to as a

a written description of a new idea that projects marketing, operational, and financial aspects of a proposed business is known as a

a management function which compares organization and individual performance with predetermined standards or expected results is known as

a line of credit that may be used over and over again up to a certain borrowing limit is called

capital that is invested in the business by the owners is known as

the difference btwn current assets and current liabilities is

what are the functions of management

what is an external problem and risk of business ownership

what is an intangible asset

what are the advantages of a sole proprietorship

what are the disadvantages of a sole proprietorship

what are advantages of a partnership

what are disadvantages of a partnership

what are advantages of a corporation

what are disadvantages of a corporation

what is an example of debt capital

what are the advantages of extending credit

legislation that guarantees disabled ppl equal access to employment, as well as access to public places, is known as

a governmental agency with the responsibility for regulatory and enforcement of safety and health matters for most US employees, is known as

a type of credit granted by retailers that is used by individuals or families for the satisfaction of their own wants is known as

a form of legal organization in which a business association made up of two  or more persons in form for the purpose of carrying on as co-owners is know as a

one who organizes, manages, and assumes the risk of a business firm or venture is known as

the current asset items consisting of cash, inventories, and accounts receivables is known as

the # of times the average inventory has been sold or used up during a period is know as

what is NOT a consumer buying motive

a document that lists the major responsibilities and tasks of the job is known as ajob

the form of legal organization that is owned and operated by one person is the

a legal form of organization whereby a legal entity is authorized by a state to operate a business under the entity's charter or articles of incorporation is know as a

the combination of two or more individual's talents and capital serves s an advantage of the legal form of ownership known as

a common business credit/sales term is

rent is an example of a

what is NOT a characteristic of a small business

the simplest and most common legal form of business ownership is

the statistical study of human populations with respect to their size, density, distribution composition, and income is known as

capital that is in the business by the owner is known as

a source of debt capital would include

a plan which provides inducements to potential purchasers of products and/or services is called

a cost which is uniform per unit, but fluctuates in total, in direct proportion to change in the related total activity or volume is known as

an interview whereby the applicant is asked a pre-determined set of questions is known is known as

what is an internal problem that can lead to business failure

an external problem that can small business failure is

a factor to be considered with the  evaluation of a credit risk would be the

what would NOT be an insurance risk to consider

what is NOT a way to reduce risk

what is requirement for a building layout

A BFOQ is

what is NOT a type of consumer credit

the type of consumer credit where the balance is paid in small monthly (fractional) payments over a period of time is

when selecting employees, the applicant's appearance, poise, speech, and other characteristics may best be determined by

the difference btwn merchandise cost and the selling price is known as the

what is NOT included on the employment application

what is an example of a variable expense

the difference btwn current assets and current liabilities is

long term capital invested in the business is

what is NOT an advantage of a corporation

what is recognized as a  disadvantage of extending credit

what has the disadvantage of no limit being place on the owner's personal liability

what is NOT used to measure the success of advertising

what is a TRUE statement concerning consumer credit

a strategy available to absorb risks would be

a strategy to minimize risk would be to

whenever a business must pay for the merchandise before its delivery, what type of sale term would apply

what federal laws affecting employment concerns prohibit wage discrimination based on the sex of the worker

the wealth produced in or near a community that provides employment and income to the local population is known as the

the practice of trying to get something that is being sought by others under similar circumstances at the same time is known as

what is an internal problem that can contribute to the failure of a business

on a chart which plots sales, fixed and variable costs for a given period of time, the point where the sales and the total cost line intersect is called the

2/10, N/30 means

what is NOT a consideration concerning the selection of suppliers

what is NOT a factor which can affect the recruitment and selection of employees

the principal goverment agency concerned with the financing, operation, and management of small business is the

a written description of a new idea that projects marking, operational, and financial aspects of a proposed business is known as

what is normally NOT a source of published market data

what laws prohibits discrimination against any qualified individual with a disability

what acts outlaws discrimination in employment based on race, color, religion, sex, pregnancy or natural origin

the quantity to be purchased which minimizes total cost is referred to as the

business interruption insurance covers

life insurance that protects a firm against losses due to the death of a key employee is know as

the association of business firms that promotes ethical conduct by all business firms in a community is known as the

an association of business ppl who attempt to protect and promote the commercial interests in a community is known as the

a management function which compares organizational and individual performance with predetermined standards or expected results is

what refers to those activities which encourage subordinates to work toward the achievement of the company's goals

selling a business's accounts receivable for cash to a third party is referred to as