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- ______1. “entreprendre” means ___________________A. To undertakeB. To MakeC. To createD. To understand______2. Which of the following is the direct contribution of entrepreneurship to thegovernment?A. Entrepreneurship provides employment which enables employees to paytaxesB. Entrepreneurship provides goods and services which encouragesconsumers to purchaseC. Entrepreneurship adds more national income through business creationD. Entrepreneurship address the needs and wants of the government______3. Which of the following is the indirect effect entrepreneurship to the government?A. Entrepreneurship provides employment which enables employees to paytaxesB. Entrepreneurship provides goods and services which encouragesconsumers to purchaseC. Entrepreneurship adds more national income through business creationD. Entrepreneurship address the needs and wants of the government______4. The flexibility characteristics of entrepreneurs refers to ________________?A. Responds to changes if deemed…1._______ Materials, machinery, and workers are assembledin one place.2._______ The government spends more than it receives.3._______ System of exchange.4._______ The process of distinguishing Colgate from Cresttoothpaste.5._______ The average level of output per worker per hour.6._______ A study of how wealth is created and distributed.7._______ An organized effort to produce and sell goodsand services for a profit.8._______ A system where individuals own and operate themajority of businesses.9._______ A person who takes the risk and invests in abusiness.10._______ Value of all goods and services produced withina country during a one-year period.a. capitalismb. economicsc. federal deficitd. productivitye. product differentiationf. businessg. factory systemh. entrepreneuri. gross domestic productj. barter5/Management accounting provides valuable services to management by performing: a. Planning b. Controlling c. Coordinating d. All managerial functions
- 3. Ethics refers to A)the practice of obeying applicable business laws and regulations B) the ability to recognize a morally problematic situation C) the ability to know right from wrong and to know when you're practicing one instead of .3 the other D)a series of situations in which an individual must choose between personal interest and the interest of others. 4 .5 4. What is the price at which the quantity of goods demanded, and the quantity of goods supplied are equal .6 .8 A) The going rate B) The margin rates C) The market price D) The optimum price1.a)Traditional women business owners areSelect one:O a. neither committed to entrepreneurial ideas nor to traditional gender roles.O b. highly committed to entrepreneurial ideas, but not to traditional gender rolesO c. highly committed to entrepreneurial ideas and the acceptance of entrepreneurial gender roles.O d. not committed to entrepreneurial ideas, but have high attachment to traditional gender roles. 1.b)Bills payable and promissory notes are negotiable instruments and are used mostly to replace_____Select one:O a. financial meansO b. term loansO c. long-term creditO d. trade creditO e. overdraft facilities30) Which of the following is the social objective of financial management? a. Growth of the enterprise b. Timely payment of taxes c. All d. Profit Maximization
- 20. Which item is the most liquid asset for companies? A:Accounts receivable B:Inventory C:Marketable securities D: CashAdel is planning to start new business by investing an amount of R.O 11000 afetr graduation. he doesnot want to join his brother comapny. Identify the type of business. a. Partnership b. Limited Liability Company c. None of these d. Sole Proprietorship26) The firm must carefully select best investment alternatives for a stable return from the investment. To select the best investment, the finance manager should be well versed in the field of ___________. a. Cost of capital models b. Capital structure theories c. None d. Capital Budgeting techniques
- Ace Hardware is in the lower-left corner, meaning thatit has lower gross margins than others (which isn’tgood) and low turns (which also is not good). Howcan a firm in that position be profitable?1._______ A carefully constructed guide for the personstarting a business.2._______ A group of retired and active business peoplewho volunteer their services to small businessesthrough the SBA.3._______ A government agency that assists, counsels, andprotects the interests of small businesses in theUnited States.4._______ Money that is invested in small (and sometimes struggling) firms that have the potential tobecome very successful.5._______ Group of senior and graduate students in business administration who provide managementcounseling to small businesses.6._______ A business that is independently owned andoperated for profit and is not dominant in its field.7._______ A person or organization purchasing a franchise.8._______ A license to operate an individually ownedbusiness as though it were a part of a chain ofoutlets or stores.9._______ The actual granting of a franchise.10. _______ An individual or organization granting a franchise.a. venture capitalb. franchiseec. joint…You’re getting ready to expand yourwoodworking hobby into a full-time business ofbuilding custom kitchen cabinets. To create top-qualitycabinets, you know you’ll need to upgrade from theconsumer-grade machinery you have now toindustrial-grade equipment. The new equipment willbe much more expensive but, if properly cared for,should last for decades, and you hope to be inbusiness for at least 20 years. If the overall costs ofleasing this equipment or borrowing money to buy itare roughly the same, which financing method wouldyou choose? Why?