Flexibility
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The ability to adapt to new situations; a willingness to change
Match the following exit strategies with the description of what happens to a business
when each one is used.
,-Management buyout
-Employee stock ownership plan (ESOP)
-Harvesting
-Initial public offering (IPO)
--Owner sells ownership into a retirement fund to its workers
-Owner transfers ownership to people who already operate the business
-Divides ownership of the business into shares sold to the public
-Exchanging the value of the business for cash paid to the owner
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Management buyout - Owner transfers ownership to people who already
operate the business
Employee stock ownership plan (ESOP) - Owner sells ownership into a
retirement fund to its workers
Harvesting - Exchanging the value of the business for cash paid to the
owner
Initial public offering (IPO) - Divides ownership of the business into shares
sold to the public
Jaden has saved up enough money that he can pursue his dream of owning a
business. It took a lot of time and hard work to finally have this opportunity. Jaden
wants to start a business with the lowest risk of failure. What should he choose to do?
A. Become an inventor
B. Start a new business
C. Buy an independent business
D. Buy a franchise
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, C. Buy an independent business
After a self-assessment, Zoey has realized that she lacks the outgoing nature needed
to promote her hand-made hats. Based upon this finding, which approach would best
strengthen this weakness in her business model?
A. Be disciplined. Stay focused on deadlines and ensure that her hats are delivered on
time.
B. Be determined. Refuse to quit despite this obstacle with her personal
characteristics.
C. Be creative. Add hand-made gloves and scarfs to expand her product line.
D. Be flexible. Partner with an outgoing person who can promote her product.
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D. Be flexible. Partner with an outgoing person who can promote her
product.
Eli runs a coffee shop that needs loans and credit to expand. What tools should Eli
use to help keep his credit score positive? (Choose two)
A. Standard operating procedures
B. Organizational chart
C. Cash flow budgets
D. Accounting systems
E. Customer service policies
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C. Cash flow budgets
D. Accounting systems
, Reserve for fixed expenses
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money to cover the fixed expenses for at lease three months.
Which three initiatives would be found in a company's code of ethics? (Choose three)
A. Supplying tools needed to perform jobs well
B. Tightening deadlines to maximize profits
C. Providing a safe work environment
D. Showing consideration for personal needs
E. Assigning new duties without training
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A. Supplying tools needed to perform jobs well
C. Providing a safe work environment
D. Showing consideration for personal needs
Which of the following are factors that affect your credit score? (Choose three)
A. Payment history
B. Highest level of school completed
C. Previous job history
D. Length of credit history
E. Amounts owed
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Give this one a try later!
The ability to adapt to new situations; a willingness to change
Match the following exit strategies with the description of what happens to a business
when each one is used.
,-Management buyout
-Employee stock ownership plan (ESOP)
-Harvesting
-Initial public offering (IPO)
--Owner sells ownership into a retirement fund to its workers
-Owner transfers ownership to people who already operate the business
-Divides ownership of the business into shares sold to the public
-Exchanging the value of the business for cash paid to the owner
Give this one a try later!
Management buyout - Owner transfers ownership to people who already
operate the business
Employee stock ownership plan (ESOP) - Owner sells ownership into a
retirement fund to its workers
Harvesting - Exchanging the value of the business for cash paid to the
owner
Initial public offering (IPO) - Divides ownership of the business into shares
sold to the public
Jaden has saved up enough money that he can pursue his dream of owning a
business. It took a lot of time and hard work to finally have this opportunity. Jaden
wants to start a business with the lowest risk of failure. What should he choose to do?
A. Become an inventor
B. Start a new business
C. Buy an independent business
D. Buy a franchise
Give this one a try later!
, C. Buy an independent business
After a self-assessment, Zoey has realized that she lacks the outgoing nature needed
to promote her hand-made hats. Based upon this finding, which approach would best
strengthen this weakness in her business model?
A. Be disciplined. Stay focused on deadlines and ensure that her hats are delivered on
time.
B. Be determined. Refuse to quit despite this obstacle with her personal
characteristics.
C. Be creative. Add hand-made gloves and scarfs to expand her product line.
D. Be flexible. Partner with an outgoing person who can promote her product.
Give this one a try later!
D. Be flexible. Partner with an outgoing person who can promote her
product.
Eli runs a coffee shop that needs loans and credit to expand. What tools should Eli
use to help keep his credit score positive? (Choose two)
A. Standard operating procedures
B. Organizational chart
C. Cash flow budgets
D. Accounting systems
E. Customer service policies
Give this one a try later!
C. Cash flow budgets
D. Accounting systems
, Reserve for fixed expenses
Give this one a try later!
money to cover the fixed expenses for at lease three months.
Which three initiatives would be found in a company's code of ethics? (Choose three)
A. Supplying tools needed to perform jobs well
B. Tightening deadlines to maximize profits
C. Providing a safe work environment
D. Showing consideration for personal needs
E. Assigning new duties without training
Give this one a try later!
A. Supplying tools needed to perform jobs well
C. Providing a safe work environment
D. Showing consideration for personal needs
Which of the following are factors that affect your credit score? (Choose three)
A. Payment history
B. Highest level of school completed
C. Previous job history
D. Length of credit history
E. Amounts owed
Give this one a try later!
