Entrepreneurship and Business Planning Quiz

<p>Raising money from a large number of people through online platforms. (D)</p> Signup and view all the answers

<p>It helps secure funding from investors and lenders. (D)</p> Signup and view all the answers

<p>They invest in new businesses in exchange for ownership equity. (D)</p> Signup and view all the answers

<p>Customer service (B)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>Limited liability (A)</p> Signup and view all the answers

<p>All of the above (D)</p> Signup and view all the answers

<p>All of the above (D)</p> Signup and view all the answers

<p>The corporation continues to exist even if the owners die (C)</p> Signup and view all the answers

<p>By selling stock to someone else (C)</p> Signup and view all the answers

<p>Stock options (A)</p> Signup and view all the answers

<p>Initial cost (D)</p> Signup and view all the answers

<p>All of the above (D)</p> Signup and view all the answers

<p>Manufactures and markets products in various countries. (D)</p> Signup and view all the answers

<p>Investment funds controlled by governments holding stakes in foreign companies. (A)</p> Signup and view all the answers

<p>They typically invest in domestic industries exclusively. (C)</p> Signup and view all the answers

<p>A belief in the superiority of one's own culture. (D)</p> Signup and view all the answers

<p>Local weather patterns. (B)</p> Signup and view all the answers

<p>The values, beliefs, and institutions of a group of people. (A)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>The adaptation of car designs to different markets. (A)</p> Signup and view all the answers

<p>Their products become cheaper for American consumers. (C)</p> Signup and view all the answers

<p>Countertrading (C)</p> Signup and view all the answers

<p>Economic conditions. (C)</p> Signup and view all the answers

<p>To reflect supply and demand in the global market for currency. (D)</p> Signup and view all the answers

<p>They become more expensive for American consumers. (A)</p> Signup and view all the answers

<p>To promote ethical business practices in global markets. (C)</p> Signup and view all the answers

<p>Interpreting legal questions differently in various countries. (C)</p> Signup and view all the answers

<p>Lack of access to foreign currency. (B)</p> Signup and view all the answers

<p>10 percent (D)</p> Signup and view all the answers

<p>The amount of carbon released during its life cycle (C)</p> Signup and view all the answers

<p>StarKist's tuna-safe initiative (A)</p> Signup and view all the answers

<p>Social responsibility implementation (B)</p> Signup and view all the answers

<p>Corporate profits (C)</p> Signup and view all the answers

<p>Subtracting negative effects from positive actions (B)</p> Signup and view all the answers

<p>The Green Movement (D)</p> Signup and view all the answers

<p>Nonprofit organizations (B)</p> Signup and view all the answers

<p>It involves the misuse of private information. (A)</p> Signup and view all the answers

<p>It can enhance shareholder wealth. (C)</p> Signup and view all the answers

<p>In subtle ways. (B)</p> Signup and view all the answers

<p>Potential employee fraud. (C)</p> Signup and view all the answers

<p>To ensure equal information access by all investors. (A)</p> Signup and view all the answers

<p>Contented cow companies. (A)</p> Signup and view all the answers

<p>To create job opportunities. (C)</p> Signup and view all the answers

<p>It can cost between 50 and 200 percent of an annual salary. (C)</p> Signup and view all the answers

A legal entity separate from its owners, chartered by the state.

Owners are only responsible for losses up to their investment.

Individuals or entities that own shares in a corporation.

Corporations can sell stock or issue bonds to gather funds.

A corporation continues to exist despite owners leaving or dying.

Selling stock provides a simple way to transfer ownership.

Incorporating can be expensive due to legal and accounting fees.

Corporations must maintain detailed records and documentation.

An organization that manufactures and markets products globally, with foreign stock and management.

Investment funds controlled by governments, holding large stakes in foreign companies.

The ability of businesses to adjust practices according to different cultural contexts.

The belief that one's culture is superior to others.

Factors like cultural values and beliefs that affect global business operations.

Religion can significantly influence business operations and cultural understanding.

Misinterpretations arising from differences in cultural values and practices.

Cultural differences impact HR decisions like recruitment and management styles.

Core activities crucial for small business operations, including planning, financing, and marketing.

A detailed written statement outlining a business's nature, target market, competition advantages, and owner qualifications.

The key section of a business plan that captures the reader's interest and summarizes the plan's main points.

Possible origins of funding for new businesses, including family, suppliers, and investors.

Private individuals who provide capital for new businesses in exchange for equity ownership.

A method of raising funds by collecting small amounts of money from many people, often via online platforms.

Legislation allowing businesses to raise up to $1 million from private investors annually without an IPO.

Individuals or firms that invest in high-potential startups in exchange for partial ownership.

The value of one nation’s currency relative to others.

When the dollar is strong, foreign goods are cheaper and U.S. goods are more expensive.

When the dollar is weak, foreign goods become more expensive.

A system where currency values fluctuate based on market supply and demand.

Lowering the value of a nation’s currency relative to others.

Trading goods directly for other goods without using money.

A complex type of bartering involving several nations trading goods or services.

A U.S. law prohibiting dubious payments to foreign officials for business contracts.

Actions that align with moral principles, benefiting shareholders.

Actions that harm financial performance and shareholder value.

An unethical practice where insiders trade based on nonpublic information.

Rule ensuring companies disclose information to all investors simultaneously.

Businesses that treat employees well, resulting in higher growth and profitability.

The cost associated with replacing employees, often 50-200% of their salary.

Dishonest actions by employees, costing businesses around $7 billion annually.

Companies' obligation to compensate hard work and talent appropriately.

A societal effort to promote environmentally friendly practices and products.

The total amount of carbon released during a product's life cycle, including production and disposal.

The balance of positive organizational actions minus negative impacts, representing overall social responsibility.

A systematic evaluation of an organization's social responsibility practices and progress.

The role businesses play in promoting fairness and building communities.

A company known for creating a low-salt textile dye, contributing to environmental standards.

Corporations document their social contributions to showcase commitment to society.

Not all eco-friendly efforts lead to financial success, as seen with StarKist's initiatives.