1. Assuming you own a home, where would the appraisal value of your home go in a oersonal balance sheet?
A. Under liabilities.
B. Under assets.
C. under both the equity and the liabilities sections
Answer C
2. When you work within an organization,you're typically not taught to
A. Follow a supervised plan for managing your time.
B. Act as your own supervisor.
C. Act in ways that are derived from established procedures.
Answer B
3. In working out your plan for pricing your products, you decide to keep your prices at about the same level as similar businesses in adjoining states. This could best be described as a --- approach .
A. Skimming
B. Simple Comparison
C. Market Penetration
Answer C
4. An entrepreneur estimating cost for a new business tends to avoid looking at the.
A. escalating costs of raw materials
B. Inevitability of things going wrong
C. Costs associated with hiring personnel
Answer c
5. As you manage your peronal finances, you'll probably want to pay attention to general conditions in the economy. One general concern for most people managing their day-to-day finances would be.
A. current interest rates
B. The international labor market
C. Good deals in major real estate ventures
Answer A
6. Prior to opening your new gift shop, you'll want to locate dependable suppliers before completing the --- process.
A. Research
B. Planning
C. Operations
answer A
7. Beacuse consumers today are presented with so many choices, it's generally best if your advertising is.
A. Persistent to the point of being annoying
B. Targeted to the demographic profile of the potential customer
C. Consistent with your highest values
Answer B
8. You've decided that you want to get household budget under control so you can increase the proportion of money you devote to savings. your first will be to
A. Check out wise investments
B. Think about how you most enjoy spending your time
C. Keep track of your expenses for a period of time
Answer C
9. you're in the process of setting up a business plan. In particular, you're thinking about how to work your plan. you need to fcus on two process considerations. The first concerns organization of the business; the second concerns the operations of the business, such as
A. deciding who will do what and when
B. Contacting potential investors
C. working out your mission statement.
Answer A
As a bank loan officer looks over your business plan, which of the following statements is most likely to get
more of her careful attention when she considers the progress your business will make?
your cash flow projection
10 to 20 answer please
a
a
d
d
c
a
c
b
a
d
To answer these questions, let's go through each one step by step:
1. Assuming you own a home, where would the appraisal value of your home go on a personal balance sheet?
The appraisal value of your home would typically go under both the equity and the liabilities sections of your personal balance sheet. This is because the appraisal value represents the market value of your home, which contributes to your net worth (equity) but also represents a potential debt (liability) if you have a mortgage on the property.
2. When you work within an organization, you're typically not taught to:
The correct answer is B. Act as your own supervisor.
When you work within an organization, you are usually expected to follow a supervised plan for managing your time and act in ways that are derived from established procedures. Acting as your own supervisor would imply taking independent decisions without considering the organization's guidelines and policies.
3. In working out your plan for pricing your products, you decide to keep your prices at about the same level as similar businesses in adjoining states. This could best be described as a:
The correct answer is C. Market Penetration.
Market penetration refers to setting prices at a similar level to competitors in order to gain market share and establish a foothold in the market. This strategy focuses on attracting customers by offering competitive prices relative to other businesses in the same industry or geographical area.
4. An entrepreneur estimating cost for a new business tends to avoid looking at the:
The correct answer is C. Costs associated with hiring personnel.
When estimating costs for a new business, entrepreneurs often consider various factors such as raw material costs and potential risks, but they may overlook the expenses associated with hiring personnel. This is because hiring personnel costs are often dependent on the specific needs and structure of the business and can vary significantly.
5. As you manage your personal finances, you'll probably want to pay attention to general conditions in the economy. One general concern for most people managing their day-to-day finances would be:
The correct answer is A. Current interest rates.
Managing personal finances involves considering various factors, and one important factor is the current interest rates. This is because interest rates affect borrowing costs, savings account returns, and the overall cost of living, thus impacting day-to-day financial decisions.
6. Prior to opening your new gift shop, you'll want to locate dependable suppliers before completing the:
The correct answer is A. Research.
Before opening a new gift shop, it is crucial to research and locate dependable suppliers who can provide the required products or materials. This research phase comes before the planning and operational stages of setting up the business.
7. Because consumers today are presented with so many choices, it's generally best if your advertising is:
The correct answer is B. Targeted to the demographic profile of the potential customer.
In today's crowded market, it is effective to tailor your advertising efforts to the specific demographic profile of your potential customers. By understanding your target audience's preferences, needs, and interests, you can create more relevant and persuasive advertising campaigns.
8. You've decided that you want to get your household budget under control so you can increase the proportion of money you devote to savings. Your first step will be to:
The correct answer is C. Keep track of your expenses for a period of time.
To get your household budget under control, it is essential to have a clear understanding of your current spending patterns. Keeping track of your expenses for a period of time, such as a month, will help you identify areas where you can cut back and allocate more money towards savings.
9. You're in the process of setting up a business plan. In particular, you're thinking about how to work your plan. You need to focus on two process considerations. The first concerns the organization of the business; the second concerns the operations of the business, such as:
The correct answer is A. Deciding who will do what and when.
When working on your business plan, the organization of the business is crucial, and a key consideration is deciding who will be responsible for specific tasks and when those tasks need to be completed. This helps define roles and responsibilities within the business. Additionally, operations refer to the day-to-day activities involved in running the business, such as manufacturing, marketing, or customer service.