Entrepreneurship Deca Note Cards
questions n correct answers
After being fired from his job, Jack wrote blog posts in which he criticized his
former company and all of its employees. He made many negative comments,
most of which were untrue. What tort is Jack committing? ----BL - correct answer
✔✔Defamation
Patents, trademarks, and copyrights are all methods used to protect---BL - correct
answer ✔✔Intellectual property
What types of businesses can be owned by thousands of stockholders?---BL -
correct answer ✔✔Open Corporations
How can government laws and regulations result in economic risk?---BL - correct
answer ✔✔They can reduce a business's profits
A financially unsuccessful company wants to secure a loan, so it submits falsified
financial statements to a bank. The bank lends the company money based on the
information in the financial statements. The company is later unable to pay back
the loan, since it was never as financially successful as it led the bank to believe.
Which business tort did the company commit?---BL - correct answer
✔✔Misrepresentation
Ellie is opening her own day care and hiring three teachers. She interviews Jeff as
a potential candidate but chooses not to hire him. Ellie could be violating
regulations if she chose not to hire Jeff because---BL - correct answer ✔✔she does
not feel comfortable hiring a man as a teacher
, What type of corporate growth is depicted in the following example: Company X
combines with Company Y to form Company Z---BL - correct answer
✔✔Consolidation
A business owner who prefers to maintain complete control of all business
activities might consider structuring the venture as a(n)---BL - correct answer
✔✔sole proprietorship
Channels of distribution benefit businesses by---CM - correct answer ✔✔getting
their products to consumers more efficiently
A farmer with a produce stand in the yard is an example of a __________
distribution channel.---CM - correct answer ✔✔producer to consumer
The best way to evaluate the channel members in an international supply chain is
often by using a(n)---CM - correct answer ✔✔global industry benchmarking
system
A retailer buys a variety of toys from a number of different producers and makes
them all available for sale in the same place. The retailer is reducing a discrepancy
of---CM - correct answer ✔✔assortment
Which of the following is a characteristic of a wholesaler:---CM - correct answer
✔✔Buys goods from producers in large quantities
A producer or distributor of popular consumer goods probably would use a(n)
__________ distribution strategy.---CM - correct answer ✔✔intensive
questions n correct answers
After being fired from his job, Jack wrote blog posts in which he criticized his
former company and all of its employees. He made many negative comments,
most of which were untrue. What tort is Jack committing? ----BL - correct answer
✔✔Defamation
Patents, trademarks, and copyrights are all methods used to protect---BL - correct
answer ✔✔Intellectual property
What types of businesses can be owned by thousands of stockholders?---BL -
correct answer ✔✔Open Corporations
How can government laws and regulations result in economic risk?---BL - correct
answer ✔✔They can reduce a business's profits
A financially unsuccessful company wants to secure a loan, so it submits falsified
financial statements to a bank. The bank lends the company money based on the
information in the financial statements. The company is later unable to pay back
the loan, since it was never as financially successful as it led the bank to believe.
Which business tort did the company commit?---BL - correct answer
✔✔Misrepresentation
Ellie is opening her own day care and hiring three teachers. She interviews Jeff as
a potential candidate but chooses not to hire him. Ellie could be violating
regulations if she chose not to hire Jeff because---BL - correct answer ✔✔she does
not feel comfortable hiring a man as a teacher
, What type of corporate growth is depicted in the following example: Company X
combines with Company Y to form Company Z---BL - correct answer
✔✔Consolidation
A business owner who prefers to maintain complete control of all business
activities might consider structuring the venture as a(n)---BL - correct answer
✔✔sole proprietorship
Channels of distribution benefit businesses by---CM - correct answer ✔✔getting
their products to consumers more efficiently
A farmer with a produce stand in the yard is an example of a __________
distribution channel.---CM - correct answer ✔✔producer to consumer
The best way to evaluate the channel members in an international supply chain is
often by using a(n)---CM - correct answer ✔✔global industry benchmarking
system
A retailer buys a variety of toys from a number of different producers and makes
them all available for sale in the same place. The retailer is reducing a discrepancy
of---CM - correct answer ✔✔assortment
Which of the following is a characteristic of a wholesaler:---CM - correct answer
✔✔Buys goods from producers in large quantities
A producer or distributor of popular consumer goods probably would use a(n)
__________ distribution strategy.---CM - correct answer ✔✔intensive
