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Alla [95]
3 years ago
11

1. Jim is beginning his research on franchise businesses in order to find one that meets his needsA quick, easy way get general

information is to
A. call the corporate headquarters
B. ask a local franchise owner
C.look up Internet sites
D. check the Yellow Pages


2.Your beachside inn will be ready to open next spring. To get in on the summer tourist trade, it will be necessary to
A. establish a strong Web presence.
B. give it an unforgettable name.
C. advertise heavily in local newspapers. D. offer bargain rates at first.

3. 3. Once you've chosen your business and focused on your niche, the next step is to
A. establish a Web presence .
B. research the amount of capital you'll need.
C. write your business plan
D. research the best location for your shop

4.A company owned by the shareholders and based on a charter is a
A. partnership.
B. small business.
C. corporation.
D. service organization.

To find out as much as you can about the market for your potential business, be sure to talk to
A. potential customers.
B. anyone who may compete with you locally.
C. potential employees.
D. the local bookstore owner

6. An Internet search for Information about franchise businesses will not help you find out
A. the variety of franchise businesses available.
B. support you'll receive from the parent corporation
C. the number of hours you'll have to put in
D. start- up costs.

7. One of the disadvantages of a sole proprietorship is
A. lack of control for you
B. danger to your personal assets.
C. high start-up costs .
D. large claims on profits.

8. Ultimately , to be successful , a business must
A. make you happy .
B. fulfill a commercial need .
C. make a profit
D. provide a service .

9. Ricardo sure he has what it takes to succeed in the food business, but because he lacks management experience, he wants one that will provide the most training and support. Which of these possibilities would be his best choice?
A. Subway
B. Old MacDonald's Bed and Breakfast
C. Ricardo's Café
D. Fuzzy's Tavem

10. The overwhelming majority of existing businesses are
A. sole proprietorships .
B. partnerships
C. corporations
D. close corporations .

11. All of the following phrases describe a partnership except
A. shared responsibility for decisions .
B. the involvement of up to 20 partners.
C. low start-up costs.
D. high protection for your personal assets.


12. Amy, Jan, and Beth have decided to combine their talents in a business partnership. One of the benefits they'll have over a sole ownership is
A. shared resources
B. less paperwork
C. greater individual authority
D. less personal financial liability

13. With their flooring business now eight months old, Jesse and Ed readily admit that con in their partnership
A. accurate record keeping
B. legal liability
C. raising capital
D. shared decision making


14. Gary and Wilma Johnson plan to open a bus tour business, taking people from their sites along the East Coast. Tours will include bus fare, hotel accommodations, breakfast, and admission to the sitesWhat aspect of their research might they want to pay special attention to
A. Pasi trends
B. margin
C. Inventory
D. Computer software


15. The servers at Gerry Frasier's busy cream shop decided that putting more cream in the sundaes and cones would bring back more customers. After three months, Gerry was surprised to discover that his profit had
A. literally been "eaten up"
B. dropped , along with his costs.
C. Increased by more than 10 percent
D. increased , although sales dropped


16.Which one of the following may be the least valuable source of advice when you're researching the market for your new business?
A. Other business owners with similar businesses
B. Online attorneys who offer Web site service
C. Local attomeys who specialize in business law.
D. Small Business Administration


17. Ben and Alison have decided to turn their large farmhouse into a bed -and- breakfast business. One of the benefits they're likely to enjoy is
A. relaxing days at home
B. high ratings by national organizations. C. keeping their day jobs
D. a profit margin of 15-20 percent


18. Steve Burton recently sold the bookstore he inherited from his mother because his income had fallen three years in a row. The new owner installed a coffee machine, redecorated the children's corner, chats with her customers, and remembers their preferences. She reports a 43 percent increase in sales over Steve's last year. The change is most likely due to
A. a general upswing in the retail book business
B. more advertising
C. the owner's personality
D. beginner's luck


19. Which one of the following types of businesses has the least amount of personal liability?
A. Partnership
B. Close corporation
C. Sole proprietorship
D. Corporation


20.Liz planned on opening a handmade quilt business in her hometown. However after completing alan decided to start with an online business.
A. registration
B. market survey
C. advertising campaign
D. course in design
Business
1 answer:
zysi [14]3 years ago
5 0

ok there are way to much questions can you simplify this question just by a little bit

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Suppose the quantity of burgers is measured on the horizontal axis and the quantity of bags of French fries is measured on the v
frosja888 [35]

Answer:

d. the rate at which a person is willing to give up bags of fries to get more burgers while staying on the same indifference curve

Explanation:

Marginal rate of substitution is defined as they way an individual nos willing to let go of one good in preference for another one while sustaining a particular level of utility or indifference curve.

An indifference curve is made up of different combinations of two products that a consumer's views as having the same value.

In the give scenario marginal rate of substitution measures the willingness of the individual to give up fries for burgers while maintaining a level of satisfaction

6 0
2 years ago
An end-of-aisle price promotion changes the price elasticity of a good from −2 to −3. Suppose the normal price is $34, which equ
Vika [28.1K]

Answer:

MC = $17

P = $25.5

Explanation:

We proceed as follows;

Firstly calculate MC when e = -2, where MR = MC

(P-MC) / P = 1 / IeI

Here P = $34 and e = -2

(34 - MC) / 34= 1/ I-2I

(34 - MC) / 34= 1 / 2

78-2MC = 34

2MC = 34

MC = 34/2

MC = 17

Now, as we have MC, we will calculate the new price when e = -3

(P-MC) / P = 1 / IeI

(P - 17) / P = 1 / I-3I

(P - 17) / P = 1 / 3

3P -51 = P

2P = 51

P = 51/2

P = 25.5

8 0
3 years ago
Accrued salaries payable of $100000 were not recorded on December 31, 2017. Office supplies on hand of $57000 on December 31, 20
Dennis_Churaev [7]

Answer:

In 2017

Net Income and Retained Earning are overstated by $100,000

Expenses and Payables are understated by $100,000.

In 2018

Inventory, Net Income and Retained Earning are understated by $57,000

Expenses are overstates by $57,000

Explanation:

Accrued Salaries is Recorded as follow

Dr. Salaries Expense

Cr. Salaries Payament

Non recording of this entry will result in understatement of Expenses and Payables by $100,000 over statement of Net income and retained earning by the same amount.

Treatment of Office supplies of $57,000 as expense will overstate the expenses  and understate the the inventory, Net income and Retained Earning.

7 0
3 years ago
When the director/manager allows employees to guide themselves toward the goal, then a(n) _______ leadership style is being used
kondaur [170]

Answer:

Free Rein Style

Explanation:

leadership can be described as research area that encomposses the ability of an organisation or an individual to lead a team, individuals or entire organisations.

Free rein style is the most suitable.

7 0
3 years ago
A state charges a 7% sales tax on non-grocery items.
zvonat [6]

Answer:

$8.75

Explanation:

The sales tax is on non-grocery  is 7%

Sales tax on an item costing $125 will be

=7% of $125

=7/100 x $125

=0.07 x $125

=$8.75

7 0
3 years ago
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