Related Questions
What is the correct answer?
4
What is the term for a legally recognized entity that separates the personal assets of the owners from the business assets?
C. Limited liability company (LLC)
What is the correct answer?
4
What is the term for a legal form of business where the owner has limited liability?
D. Limited liability partnership
What is the correct answer?
4
Which type of market research involves gathering information directly from people through surveys or interviews?
What is the correct answer?
4
What is the term for the process of determining the worth of a business or an asset?
What is the correct answer?
4
What type of entrepreneur is characterized by starting multiple businesses over their career?
C. Lifestyle entrepreneur
D. Corporate entrepreneur
What is the correct answer?
4
What type of innovation involves creating entirely new products or processes that disrupt existing markets?
What is the correct answer?
4
What is the term for the process of bringing a product or service to market faster than competitors?
What is the correct answer?
4
What is the term for a detailed plan that outlines a company's goals and the strategy for achieving them?
What is the correct answer?
4
What is the term for a legal form of business in which there is one owner who has unlimited personal liability?
D. Limited liability company (LLC)
What is the correct answer?
4
Which of the following is an example of a non-profit organization that engages in entrepreneurial activities to achieve social or environmental goals?
What is the correct answer?
4
What is the term for the process of bringing together people, capital, and resources to start and run a business?
What is the correct answer?
4
What is the term for the process of finding, attracting, and hiring new employees for a business?
D. Human resources management
What is the correct answer?
4
What is the term for the process of determining the price at which a product or service will be sold to customers?
What is the correct answer?
4
What is the process of generating, developing, and communicating new ideas for business development called?
What is the correct answer?
4
What type of innovation involves making incremental improvements to existing products or processes?
What is the correct answer?
4
What is the term for a legal document that outlines the rights and responsibilities of partners in a business venture?
C. Memorandum of understanding (MOU)
D. Articles of incorporation
What is the correct answer?
4
What is the term for a group of individuals who work together to develop and launch a business venture?
What is the correct answer?
4
Which of the following is an example of a microenterprise?
A. A multinational corporation
B. A small family-owned bakery
D. A non-profit organization
What is the correct answer?
4
What is the term for a legal protection granted to authors, artists, and inventors for their creations?
What is the correct answer?
4
What is the term for the process of gathering information about potential customers and their preferences?
What is the correct answer?
4
What is a cash flow statement used for in business finance?
A. Tracking money spent on marketing
B. Analyzing the movement of money in and out of a business
C. Calculating the net worth of a business
D. Estimating future sales revenue
What is the correct answer?
4
What is the term for the process of selling a product or service to a foreign market?
What is the correct answer?
4
What is the primary characteristic of an entrepreneur?
B. Innovation and risk-taking
C. Following established norms
What is the correct answer?
4
Which of the following is NOT a common method of market entry for international expansion?
What is the correct answer?
4
What is the term for the process of introducing a new product or service to the market?
What is the correct answer?
4
What does MVP stand for in the context of startups?
B. Minimum Viable Product
D. Minimum Valuable Player
What is the correct answer?
4
Which type of innovation involves making significant improvements to existing products or processes?
What is the correct answer?
4
What is a business model?
A. A visual representation of a company's structure
B. The way a company creates, delivers, and captures value
C. A list of all the employees in a company
D. The physical location of a business
What is the correct answer?
4
What is the term for a person who provides financial backing for a startup in exchange for ownership equity or debt?
What is the correct answer?
4
What is the term for a document that outlines a company's mission, vision, goals, and strategies?