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NAF EOC EXAM GRADED A+
4 Ps of marketing - (answers)four major aspects of marketing price, promotion, product, and
place (DISTRIBUTION)
Accounting - (answers)Theory and system of setting up,maintaining, and auditing the books of a
firm, art of analyzing the financial position and operating results of a business house from a
study of its sales, purchases, overhead, and so forth.
Added Value - (answers)Increase in worth of a product or service as a result of a particular
activity
Advertising - (answers)Purchase of space in a publication or public place for a company to
present promotional materials in order to reach its customers
angel investor - (answers)individual who invests in a business venture, providing capital for
start-up or expansion, in exchange for a higher rate of return than would be given by more
traditional investments
associate's degree (AA) - (answers)degree given for successful completion of some courses of
study as a two-year college
bachelor of business administration (BBA) - (answers)bachelor of business adminstration
bachelor's degree - (answers)academic degree typically requiring four years of study, someone
who has successfully completed undergraduate studies; a bachelor of arts is a (BA) and a
bachelor of science is a (BS)
bias - (answers)a preference of subjective background that prevents someone from considering
an issue objectively
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board of advisors - (answers)an informal group of advisors with no legal sanctions that guides
and provides direction to the enterpreneurs
board of directors - (answers)formal group of elected advisors that set policy, help shape a
business's daily operations and growth strategy, and provide direction to the entrepreneurs
bonding insurance - (answers)type of insurance that protects against actions of the company's
employees, such as employee theft or work that is not finished on time
business life cycle - (answers)relative growth and decline of profit over the course of a
business's existence
business plan - (answers)written document detailing a business's plan of operations and goals,
and describing its activities, management team, costs, and financial projections and plans
casualty insurance - (answers)type of insurance that protects a business from lawsuits by
providing payment for damages and court defense
code of ethics - (answers)document that includes a set of rules or behaviors governing an
organization's business practices based on its values and standards
college - (answers)institution of higher learning that offers undergraduate programs, usually of a
four-year duration, that lead to a bachelor's degree in the arts of sciences (BA or BS)
common sense - (answers)good judgement based on the perception of a situation or the facts
presented
NAF EOC EXAM GRADED A+
4 Ps of marketing - (answers)four major aspects of marketing price, promotion, product, and
place (DISTRIBUTION)
Accounting - (answers)Theory and system of setting up,maintaining, and auditing the books of a
firm, art of analyzing the financial position and operating results of a business house from a
study of its sales, purchases, overhead, and so forth.
Added Value - (answers)Increase in worth of a product or service as a result of a particular
activity
Advertising - (answers)Purchase of space in a publication or public place for a company to
present promotional materials in order to reach its customers
angel investor - (answers)individual who invests in a business venture, providing capital for
start-up or expansion, in exchange for a higher rate of return than would be given by more
traditional investments
associate's degree (AA) - (answers)degree given for successful completion of some courses of
study as a two-year college
bachelor of business administration (BBA) - (answers)bachelor of business adminstration
bachelor's degree - (answers)academic degree typically requiring four years of study, someone
who has successfully completed undergraduate studies; a bachelor of arts is a (BA) and a
bachelor of science is a (BS)
bias - (answers)a preference of subjective background that prevents someone from considering
an issue objectively
, 2
board of advisors - (answers)an informal group of advisors with no legal sanctions that guides
and provides direction to the enterpreneurs
board of directors - (answers)formal group of elected advisors that set policy, help shape a
business's daily operations and growth strategy, and provide direction to the entrepreneurs
bonding insurance - (answers)type of insurance that protects against actions of the company's
employees, such as employee theft or work that is not finished on time
business life cycle - (answers)relative growth and decline of profit over the course of a
business's existence
business plan - (answers)written document detailing a business's plan of operations and goals,
and describing its activities, management team, costs, and financial projections and plans
casualty insurance - (answers)type of insurance that protects a business from lawsuits by
providing payment for damages and court defense
code of ethics - (answers)document that includes a set of rules or behaviors governing an
organization's business practices based on its values and standards
college - (answers)institution of higher learning that offers undergraduate programs, usually of a
four-year duration, that lead to a bachelor's degree in the arts of sciences (BA or BS)
common sense - (answers)good judgement based on the perception of a situation or the facts
presented
