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Basics of Enterpreneurship.d

Basics of Enterpreneurship.d

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100 вопросов Вариант 1 Доступ 7 дней
Содержание теста

Вопросы и варианты

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Вопрос 1

Regulation is often spoken of as if an identifiable and … mode of governmental activity.

  1. discrete
  2. random
  3. variable
Вопрос 2

There is a tendency to associate regulation with the … control of the utilities.

  1. pre- privatization
  2. post- privatization
  3. privatization
Вопрос 3

In Britain, regulation has been practiced since at least the … and Stuart periods.

  1. Thomas
  2. John
  3. Tudor
Вопрос 4

In the … century, there was a burgeoning of regulation, with the emergence of specialist regulatory institutions and a host of measures dealing with public health and employment conditions.

  1. nineteenth
  2. eighteenth
  3. seventeenth
Вопрос 5

During the … century, a steady growth in regulation took place from the 1930s onwards.

  1. 18th
  2. 19th
  3. 20th
Вопрос 6

During the 1980s and 1990s, much stress was placed by governments and commentators on the problems and costs of regulation and the case for deregulating the economy.

  1. true
  2. false
Вопрос 7

By the mid-1990s, some 25 million customers were served by the main four regulated utilities industries alone.

  1. true
  2. false
Вопрос 8

Their total annual turnover of £51 billion represented around 8 per cent of the annual gross domestic product of the UK, and not only the results of regulation but the processes used to regulate had prompted unprecedented concern.

  1. true
  2. false
Вопрос 9

It was in the field of demand regulation that the most urgent political debates took place towards the end of the last millennium.

  1. true
  2. false
Вопрос 10

In parallel to these developments in the regulation of economic and social activities, there was also the rise of regulation outside government.

  1. true
  2. false
Вопрос 11

Which of this is not a type of business structure?

  1. business man
  2. one man business
  3. partnership
  4. corporation
Вопрос 12

A one-man business refers to

  1. sole proprietorship
  2. business man
  3. partnership
  4. corporation
Вопрос 13

A business where more than one person take responsibility for roles and responsibility is referred to as

  1. partnership
  2. sole proprietorship
  3. business man
  4. corporation
Вопрос 14

The simplest form of business structure is referred to as

  1. sole proprietorship
  2. business man
  3. partnership
  4. corporation
Вопрос 15

Which of this business structure can be general or limted in nature?

  1. partnership
  2. sole proprietorship
  3. business man
  4. corporation
Вопрос 16

Which types of partnership refers to a system where all partners are responsible for actions.

  1. general partnership
  2. sole proprietorship
  3. business man
  4. corporation
Вопрос 17

LLC is an acronym for

  1. Limited Liability Company
  2. Limited Liability Campus
  3. Low Liability Company
  4. Limited Level Company
Вопрос 18

Family business comes with its own risk

  1. true
  2. false
Вопрос 19

A business structure with the ability to raise money from investors is called

  1. corporation
  2. partnership
  3. sole proprietorship
  4. business man
Вопрос 20

Which type of business structure can sell shares to the general public?

  1. corporation
  2. partnership
  3. sole proprietorship
  4. business man
Вопрос 21

What helps monitor online trends?

  1. all of the below
  2. google trends
  3. observation
  4. key words
Вопрос 22

What would indicate that you should not open a doughnut shop?

  1. the other doughnut shops closed
  2. there are no other doughnut shops
  3. the other doughnut shops are thriving
  4. none of the above
Вопрос 23

A company always advertises savings. What is the objective?

  1. expansion
  2. customer service
  3. luxury
  4. low prices
Вопрос 24

What is the competition to a chocolate store?

  1. candy store
  2. cafe
  3. restaurant
  4. coffee shop
Вопрос 25

The main competitor is focused on price. What will stand out?

  1. offer lower prices
  2. focus on customer service
  3. communicate with customers
  4. advertise online
Вопрос 26

What must be understood to offer value?

  1. customers
  2. communication
  3. interest
  4. expertise
Вопрос 27

Which of the following requires customers to offer ideas?

  1. research
  2. panel
  3. demographic
  4. survey
Вопрос 28

Which of the following requires customers to answer specific questions?

  1. survey
  2. panel
  3. demographic
  4. research
Вопрос 29

How would you stand out from the competition?

  1. cheaper prices
  2. selling toys
  3. better selection
  4. all of the above
Вопрос 30

All of this will help understand a business market except

  1. guessing
  2. observation
  3. trend
  4. forecasting
Вопрос 31

What would you do if you could not come up with a name on your own?

  1. hire a consultant
  2. hire a naming firm
  3. just pick something
  4. none of the above
Вопрос 32

What is the risk of choosing a name similar to a known brand?

  1. lawsuit
  2. creativity
  3. confusion
  4. disinterest
Вопрос 33

In which structure is one partner held responsible for the decisions of another?

  1. general partnership
  2. LLC
  3. limited partnership
  4. C Corporation
Вопрос 34

Which of the following prevents double taxation?

  1. sole proprietor
  2. corporation
  3. partnership
  4. S corporation
Вопрос 35

Where do you obtain an EIN?

  1. IRS
  2. county clerk
  3. State
  4. DEA
Вопрос 36

What is typically registered when a business name is not the same as the owner’s?

  1. license
  2. EIN
  3. DBA
  4. permit
Вопрос 37

An accountant should act as a(n) …

  1. advisor
  2. employee
  3. partner
  4. contract employee
Вопрос 38

What should you do if you are not comfortable with an accountant who has good qualifications?

  1. hire someone else
  2. hire the accountant
  3. do not hire any accountant
  4. none of the above
Вопрос 39

What is an indicator to change business name?

  1. customer feedback
  2. license
  3. cease and desist letter
  4. permit
Вопрос 40

What was necessary to change the name?

  1. file a new application
  2. nothing
  3. change locations
  4. hire new employees
Вопрос 41

Which part of the business plan is typically created last?

  1. executive summary
  2. market analysis
  3. product/services
  4. sales/marketing
Вопрос 42

Which of the following explains value?

  1. product/services
  2. market analysis
  3. executive summary
  4. sales/marketing
Вопрос 43

Which of the following explains the purpose of the company?

  1. vision statement
  2. SWOT
  3. financials
  4. mission statement
Вопрос 44

What explains the threats that the company will face?

  1. SWOT
  2. financials
  3. mission statement
  4. vision statement
Вопрос 45

What is not included in the coversheet?

  1. branding
  2. title
  3. name
  4. address
Вопрос 46

Where is the SWOT analysis located in the outline?

  1. company description
  2. executive summary
  3. product description
  4. marketing
Вопрос 47

How should you create the plan?

  1. by element
  2. in order
  3. all at once
  4. it does not matter
Вопрос 48

Business plan language should be …

  1. clear and concise
  2. long and drawn out
  3. creative and interesting
  4. none of the above
Вопрос 49

Which section of the plan can not be complete at the beginning?

  1. executive summary
  2. sales and marketing
  3. market analysis
  4. company description
Вопрос 50

Business plan is a business map

  1. true
  2. false
Вопрос 51

What is SCORE?

  1. a non-profit organization that provides information and mentoring for entrepreneurs
  2. a numerical rating that determines credit worthiness
  3. the number of times someone has succeeded at the task at hand
  4. none of the above
Вопрос 52

Which of the following is not an organization helps and informs entrepreneurs?

  1. SEC
  2. U.S. Small Business Administration
  3. FERPA
  4. BusinessUSA
Вопрос 53

What is self-financing?

  1. financing that you provide for the business yourself
  2. financing that a friend provides to the business
  3. financing that the government provides to the business
  4. all of the above
Вопрос 54

Which of the following is not a type of Start-up financing?

  1. Personal bank account over draft
  2. Government Grants
  3. Angel Investors
  4. Bank Loan
Вопрос 55

Which of the following is not included in self-financing?

  1. none of the below
  2. borrow money against your life insurance
  3. save up money
  4. take out a home equity loan
Вопрос 56

According to Entrepreneur magazine … is the number one source of start-up financing for small businesses.

  1. Self-Financing
  2. Friend and Family Financing
  3. Investor Financing
  4. Grants
Вопрос 57

Why is it a good idea to «shop around» in terms of financing options

  1. to make sure you get the best rates, and prices
  2. to get exercise
  3. to have a fun activity
  4. it’s not a good idea to shop around
Вопрос 58

Once you have received your funding, you will need to start…

  1. getting your equipment, materials, and place of business
  2. creating a business plan
  3. determining what you are going to sell
  4. throwing a party
Вопрос 59

In the case study, his stranger invests in a company for profit sharing objective. What kind of investors are they?

  1. Venture Capital Investors
  2. Government
  3. self-financing
  4. none of the above
Вопрос 60

Which of the following is NOT one of the three main types of investors?

  1. Self-Financing
  2. Private Equity
  3. Venture
  4. Angel
Вопрос 61

Which of the following is true about Job Descriptions?

  1. they will need to be reviewed and revised
  2. they can never be reviewed or revised
  3. they are an unimportant part of the hiring process
  4. none of the above
Вопрос 62

What are some ways to advertise your job openings?

  1. all of the below
  2. placing ads in the paper
  3. help wanted signs in the window
  4. sites
Вопрос 63

What is the reason for advertising open positions?

  1. to get the most qualified candidates
  2. to advertise your business
  3. you should not advertise open positions
  4. to limit your candidate choices
Вопрос 64

A job description should include:

  1. all of the below
  2. an explanation of the position
  3. examples of job functions
  4. an explanation of any physical demands
Вопрос 65

What is the purpose of asking behavioural questions during an interview?

  1. all of the below
  2. to see what their skills are
  3. to see how they will act while at work
  4. to see if they are physically able to meet the job requirements
Вопрос 66

What should you consider when outlining what you’re looking for in a potential candidate?

  1. all of the below
  2. does the person need to be able to lift a lot of weight
  3. does the person need to be friendly
  4. what skills are needed for the job
Вопрос 67

What should a job description outline?

  1. all of the below
  2. where one person’s job stops, and another's begins
  3. how much you get paid
  4. when you start your job
Вопрос 68

Once you have an outline of what you’re looking for in a candidate, what should you do?

  1. prepare interview questions
  2. figure out a budget
  3. call people for interviews
  4. offer candidates the job
Вопрос 69

What is a good reason for calling a candidate’s job references?

  1. to see if they were honest in their interview
  2. to see how much money, they made
  3. to see if they have any job openings for you to apply
  4. there is no reason to call job references
Вопрос 70

An interview is an opportunity for all parties to know each other more

  1. true
  2. false
Вопрос 71

What does the term «company culture» mean?

  1. company culture is the behavior of the people in the company
  2. what the company furniture looks like
  3. what the religion is of everyone in the company
  4. none of the above
Вопрос 72

How can you train new employees on company culture?

  1. new employee orientation
  2. providing a mentor
  3. written information
  4. all of the above
Вопрос 73

Training improves business performance and staff productivity

  1. true
  2. false
Вопрос 74

What does «feedback» include?

  1. negative and positive comments about the employee’s performance
  2. only positive comments about the employee’s performance
  3. only positive comments about the employer’s performance
  4. only comes from customers, and can be positive or negative
Вопрос 75

Which of the following is not a step when giving constructive negative feedback?

  1. do not allow the employee to comment
  2. be specific
  3. provide a resolution
  4. recap
Вопрос 76

Why would additional training be needed for some employees?

  1. to optimize their job performance
  2. to make them quit their job
  3. to help them make friends
  4. all of the above
Вопрос 77

Which of the following is true about having to train or retrain an employee?

  1. it does not make them a poor employee
  2. it does not help the employee
  3. it does not provide them with the tools they need for their job
  4. none of the above
Вопрос 78

When providing re-training or additional training, it is important that your employee knows …

  1. that you are providing this training to boost them up, not bring them down
  2. that if they don’t take the training you will fire them
  3. that they are doing a horrible job and shouldn’t be there
  4. none of the above
Вопрос 79

Case study. Kelly hired a new employee named Jennifer. She has a great attitude, and always seems to give 100% of her effort to the tasks assigned to her. She has recently finished training, and Kelly has been monitoring her progress. While she is excelling at the majority of her tasks, it seems like she is having some problems with one. Kelly decides that Jennifer needs to be retrained on that job function. Kelly calls Jennifer’s telephone extension and tells her to go see the trainer immediately. Jennifer is confused, embarrassed, and worried. She doesn’t know why she has to go see the trainer, or what she has done wrong. When she gets to the trainer’s office she is told that she is being retrained because she is not preforming one of her tasks correctly. Because this is the first time Jennifer has been notified of any issue, she is completely thrown off guard. Jennifer completes the training as she was ordered to. She returns to her job, and completes the tasks as instructed. She is no longer engaged in her job, and has resentment toward her boss. Kelly cannot understand the change in Jennifer’s behavior. Jennifer use to be eager, but she now seems like she doesn’t want to be there. In the case study, why was Jennifer confused?

  1. because she doesn’t know why she is getting retrained
  2. because she doesn’t know where the trainer is
  3. because she is a poor employee
  4. all of the above
Вопрос 80

Case study. Kelly hired a new employee named Jennifer. She has a great attitude, and always seems to give 100% of her effort to the tasks assigned to her. She has recently finished training, and Kelly has been monitoring her progress. While she is excelling at the majority of her tasks, it seems like she is having some problems with one. Kelly decides that Jennifer needs to be retrained on that job function. Kelly calls Jennifer’s telephone extension and tells her to go see the trainer immediately. Jennifer is confused, embarrassed, and worried. She doesn’t know why she has to go see the trainer, or what she has done wrong. When she gets to the trainer’s office she is told that she is being retrained because she is not preforming one of her tasks correctly. Because this is the first time Jennifer has been notified of any issue, she is completely thrown off guard. Jennifer completes the training as she was ordered to. She returns to her job, and completes the tasks as instructed. She is no longer engaged in her job, and has resentment toward her boss. Kelly cannot understand the change in Jennifer’s behavior. Jennifer use to be eager, but she now seems like she doesn’t want to be there. In the case study, what was Kelly’s first mistake?

  1. she didn’t tell jennifer that she was preforming her job incorrectly before training
  2. she didn’t talk to jennifer after she was retrained
  3. she didn’t ask jennifer how her training went
  4. she didn’t ask jennifer if she wanted to be retrained
Вопрос 81

Which of the following is not traditional marketing?

  1. Facebook
  2. TV
  3. Radio
  4. Print Ads
Вопрос 82

According to the study done by PWC, TV ads resulted in … times increased sales.

  1. 4.55
  2. 3.55
  3. 2.55
  4. 5.55
Вопрос 83

How many Americans reported living in a household that has a computer with internet?

  1. 75.6%
  2. 55.2%
  3. 79.6%
  4. 25.2%
Вопрос 84

Which of the flowing pages should your website have?

  1. About us Page
  2. DIY Page
  3. Food blog Page
  4. Style and Art Page
Вопрос 85

A good business website should …

  1. all of the below
  2. look clean
  3. look professional
  4. translate what the product/service is instantly
Вопрос 86

What percentage of all marketers have found a customer via Facebook, according to the WebDAM report?

  1. 52%
  2. 72%
  3. 158%
  4. 49%
Вопрос 87

Which of the following is true about using social media for marketing?

  1. social media is basically free
  2. social media is fading
  3. social media is not for businesses
  4. none of the above
Вопрос 88

What is the definition of networking as described in the text?

  1. exchange of information or services among individuals, groups, or institutions; specifically: the cultivation of productive relationships for employment or business
  2. the way you hook computers up to the internet
  3. a system of computers, peripherals, terminals, and databases connected by communications lines
  4. radio or television company that produces programs for broadcast over such a network
Вопрос 89

According to reports, emails that include a social media button have … of a click-through-rate higher than email that do not?

  1. 158%
  2. 100%
  3. 92%
  4. 72%
Вопрос 90

Case study. Marcia’s mom has decided to start a new quilting business. Her mom makes the prettiest quilts she has ever seen, and is so excited that now the public can enjoy them also. Her mom decided that she would place an ad in the classified section of the newspaper to advertise. Unfortunately, her ad hasn’t assisted her in receiving any business. Marcia can see her mom struggling and decides to look at different advertising options. She knows that her mom does not have a lot of money, so she decides that using the internet would be the best option for them. She creates her mom a website that displays all of the beautiful quilts that she offers. She also signs the business up for a Facebook page and a Pinterest account. Marcia posts pictures of her mom’s blankets on both accounts. Within a month, the orders are flooding in and Marcia has never seen her mom so happy In the case study, what action did Marcia take to help her mom’s business?

  1. she didn’t do anything to help her mom’s business
  2. she aired a television ad
  3. she took out ads in the paper
  4. she used social media for advertising
Вопрос 91

What should you have with your suppliers?

  1. master agreement
  2. informal contract
  3. verbal agreement
  4. no agreement
Вопрос 92

Once you have narrowed down to a pool of qualified supplier candidates, what should you send them?

  1. RFP
  2. questionnaire
  3. invoice
  4. payment
Вопрос 93

With initial contact, what should you give the potential customer?

  1. sales pitch
  2. discount
  3. greeting
  4. hard time
Вопрос 94

One of the purposes of following up with a customer is:

  1. to gain a repeat customer
  2. to make sure the product / service is not performing as it should
  3. because it is the law
  4. to buy products / services from them
Вопрос 95

What is positive cash flow?

  1. more money coming in than going out
  2. the same amount of money coming in and going out
  3. more money going out than coming in
  4. none of the above
Вопрос 96

What is negative cash flow?

  1. more money going out than coming in
  2. more money coming in than going out
  3. the same amount of money coming in and going out
  4. none of the above
Вопрос 97

What is zero-based budgeting?

  1. budgeting that starts with a «zero baseline». All expenses must be justified each period
  2. budgeting that is only monitored on a quarterly basis
  3. budgeting in which cost projections start at the highest level of the company (i.e. executives), then come down
  4. budgeting in which cost projections start at the departmental level with employees, then go up
Вопрос 98

What is bottom-up budgeting?

  1. budgeting in which cost projections start at the departmental level with employees, then go up
  2. budgeting that is only monitored on a quarterly basis
  3. budgeting that starts with a «zero baseline». All expenses must be justified each period
  4. budgeting in which cost projections start at the highest level of the company (i.e. executives), then come down
Вопрос 99

Case study. Three years ago, Bethany started a shop in which she sells handmade bead bracelets. With her selling one type of bead bracelets (same type of bead, many different colors), she was able to quickly narrow down her choice of a supplier. She and her supplier, Beads – n – More, have a great working relationship. They’ve always provided the product on time and Bethany has always paid their invoices in a timely manner. Business is great! Bethany’s company has been selling quite well and has always maintained a positive cash flow. Although everything is going well, Bethany realizes she spends funds on materials and other things without keeping track of those things. She decides what she needs to do is create a formal company budget. Each quarter, she reviews the budget, compares it to the money that has come in and gone out of the company, and determines if she has stayed on budget. After the first two budget reviews, she sees that she has firmly adhered to the budget and gives herself a pat on the back for a job well-done. What is true of the relationship Bethany has with her supplier?

  1. it has always been good
  2. it has always been bad
  3. she is considering getting a new one
  4. it is cordial, but not great
Вопрос 100

Case study. Three years ago, Bethany started a shop in which she sells handmade bead bracelets. With her selling one type of bead bracelets (same type of bead, many different colors), she was able to quickly narrow down her choice of a supplier. She and her supplier, Beads – n – More, have a great working relationship. They’ve always provided the product on time and Bethany has always paid their invoices in a timely manner. Business is great! Bethany’s company has been selling quite well and has always maintained a positive cash flow. Although everything is going well, Bethany realizes she spends funds on materials and other things without keeping track of those things. She decides what she needs to do is create a formal company budget. Each quarter, she reviews the budget, compares it to the money that has come in and gone out of the company, and determines if she has stayed on budget. After the first two budget reviews, she sees that she has firmly adhered to the budget and gives herself a pat on the back for a job well-done. What does Bethany develop?

  1. budget
  2. business plan
  3. new business strategy
  4. personnel hiring plan