1. Return on sales is also known as: (Chapter 7) 2. One way for a business to raise the capital it needs to grow it finance with: (Chapter 12) 3. An example of a company where revenue is primarily from the production of a tangible product is: (Chapter 1) 4. One disadvantage of corporations is that their profits are subject to double-taxation, taxed once on the corporate level and again when investors receive their share of profits. (Chapter 8) 5. Examples of variable costs include: (Chapter 6) 6. Payment of a percentage of the revenue generated by the sale of each unit is known as: (Chapter 13) 7. Which kind of company acts as a middleman, buying goods from a manufacturer and selling them on to a retailer? (Chapter 2) 8. A cash flow statement provides the same information as an income statement. (Chapter 9) 9. A company codifies its reason for existence in the form of a: (Chapter 3) 10. What is the final step in the employee recruitment process? (Chapter 11) 11. In 2013, Ken invested $20,000 in his company. In the same year, his net profits were $3,500. What was his annual ROI in 2013? (Chapter 7) 12. A free enterprise system is also known as: (Chapter 1) 13. The opposite of the skimming strategy of pricing is the: (Chapter 4) 14. A reward for becoming an entrepreneur is: (Chapter 1) 15. Lee has $255,000 in current assets and $175,000 in current liabilities. How much working capital does she have? (Chapter 9) 16. How often should you rebalance your investment portfolio? (Chapter 14) 17. Net worth is also known as owner’s equity. (Chapter 12) 18. Franchising and licensing are examples of what kind of strategies? (Chapter 13) 19. Which of the following telephone behaviors is NOT a hallmark of a successful salesperson? (Chapter 5) 20. Using orders as a unit of sale is most commonly associated with which kind of business? (Chapter 2) 21. The giving of resources to charities in an effort to help solve a social or environmental problem is known as: (Chapter 4) 22. If furniture store buys a sofa from the wholesaler for $600 and sells it for $2,500, what is the retailer’s gross profit per unit? (Chapter 10) 23. Four out of five small firms fail in the first five years of operation. (Chapter 8) 24. If you invest $1.00 at 10 percent over five years, how much will you have at the end of those five years? (Chapter 14) 25. Which one of the following is NOT one of the “five roots of opportunity”�? (Chapter 1)
Previous answers to this question
This is a preview of an assignment submitted on our website by a student. If you need help with this question or any assignment help, click on the order button below and get started. We guarantee authentic, quality, 100% plagiarism free work or your money back.
Get The Answer