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An individual starts a babysitting business with a loan of $1,000. The loan is for 2 years at a 5COMPOUND interest rate. How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2 year term (future value of loan)? - CORRECT ANSWER - $1,102.5 A welding shop owner rents space in a building and needs a $5,000 in supplies to complete a large project for a new customer. The bank has turned down a personal loan request. The welding shop owner does not...

What should this entrepreneur do FIRST before offering to design and build water features as part of his landscaping business? A) B) C) D) - CORRECT ANSWER-Ask the customers in the area if they are interested in adding a water feature to their gardens. What is a Target Market? A) Marketing with a bullseye goal. B) Sales to customers who use archery products. C) Customers to whom a company wants to sell its product and services. D) Advertising based on bullet points. - CORRECT ANSWER-C...

Copyright - ️️A form of protection individuals can implement to protect their intellectual property. Copyright is designated for print, music, film, and various other forms of creative licenses. Customer - ️️An individual or business that purchases goods and services from a business. Lean Canvas - ️️A one-page document discussing key information commonly seen in a business plan. MVP - ️️A minimum viable product (MVP) is an inexpensive preliminary product to test the produ...

Fran works for a flooring company in a neighboring town. Many of Fran's customers complain about lack of available flooring companies in the area and that of those companies, prices are too high. Should Fran decide to open a flooring business, what can be a good marketing strategy? - CORRECT ANSWER- _Lower prices_ Which are considered rewards of being an entrepreneur? Choose 3 answers. - CORRECT ANSWER- _Bigger community asset, better earnings, working the way one chooses_ Rey has worke...

You want to buy a gift shop in a popular location within a large town. Which three factors will help you determine if the business opportunity is viable? CORRECT ANSWER: • Financing requirements • Revenues and cost • Market Size T/F Affiliate sales programs offer commissions to companies who sell their products - CORRECT ANSWER- True Which two marketing platforms are examples of owned media - CORRECT ANSWER: • Websites • Blogs What does a CFO (chief financial officer) do? - ...

Net Income - the difference between total revenue and total expenses when total revenue is greater shareholder - Individual who owns part of a corporation account payable - money owed for products and services purchased on credit Accounts Receivable - Amounts to be received in the future due to the sale of goods or services Angel Investors - individuals who invest in start-up companies with high growth potential in exchange for a share of ownership Bonds - Certificates of debt that carry...

Which three are segments in a Marketing Plan? (Choose three) • Demographic • Behavioral • Geographic Which two documents summarize the business plan of a company? (Choose two) • Lean Canvas • Pitch Deck Successful entrepreneurs have mindsets that typically possess which three characteristics? (Choose three) • Responsible • Tenacious • Adaptable For each statement about the Sales Process, select True or False True • Prospecting is usually.. • Determining if the ...

Types of Sales Channel - CORRECT ANSWER 1. Business-to-Business (B2B): a transaction or business conducted between one business and another, such as a wholesaler and retailer. 2. Business-to-Consumer (B2C): process of businesses selling products/services directly to consumers, with no middle person. 3. Retail: sell items or services to customers. 4. Wholesale: the act of buying goods in bulk from a manufacturer at a discounted price and selling to a retailer. Acquisition Costs - CORRECT ...

The ____ summary creates the first impression of a business plan - CORRECT ANSWER-executive The ____ plan should specifically be directed to investors and lenders - CORRECT ANSWER-financial A pitch deck is most commonly presented in the form of a ____ presentation - CORRECT ANSWER-slide A ____ provides a brief overview of a business where one talks about the company's mission and the value provided to customers - CORRECT ANSWER-vision and value proposition A patent protects an ____ f...

What is the formula for selling price? - CORRECT ANSWER-(cost * desired profit margin) + cost What is the formula for calculating Customer Acquisition Cost (CAC)? - CORRECT ANSWER- (Marketing expenses + Sales expenses)/ number of new customers in the period What is the formula for calculating Customer Retention Rate (CRR)? - CORRECT ANSWER- [(Ending number of customers in a period - new customers gained in a period)/Starting number of customers in a period] * 100 ___________ is the owner...

An individual starts a babysitting business with a loan of $1000. The loan is for 2 years at a 5% COMPOUND interest rate. How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2 years term. - CORRECT ANSWER- $1,102.50 A carpenter wants to start his own business building custom cabinets. Unfortunately, he has no business training and needs assistance writing a business plan, finding funding, and obtaining general advice. Which agency should th...

Wholesale - CORRECT ANSWER - Selling products in bulk to various outlets or retailers for further sale. Direct to Customer - CORRECT ANSWER - Sells directly to customer and end users of their product. Primary data - CORRECT ANSWER - Is information collected through original or firsthand research. Secondary data - CORRECT ANSWER - Is information which had been collected in the past by someone else. Direct Competition - CORRECT ANSWER - Is any company that offers the same thing as you. In...

What is the difference between an adulterated product and a misbranded product? - CORRECT ANSWER-Adulteration is spoiled, decomposed, toxic and harmful Misbranded is labeled to be misleading, making false claims or a total lack of info We use a black light to detect _____________ - CORRECT ANSWER-dried rodent urine What are the big 6 pathogens? - CORRECT ANSWER-Hepatitis A Norovirus E. coli (STEC) Salmonella Typhi Non-Typhoidal Salmonella Shigella PHF stands for __________________ - C...

nhalation of asbestos fibers may cause asbestosis, a. cancer, and mesothelioma. b. eye irritation, and skin rash. c. coughing, and pulmonary edema. d. lyphotheliomia, and sensitization. - CORRECT ANSWER-A The problems associated with pneumoconiosis are not heavily influenced by the a. rate of pressure rise. b. size of dust particles. c. length of particle exposure. d. concentration of airborne dusts. - CORRECT ANSWER-A The determination of overcrowding in residential units is based...

Which of the following signs and symptoms are expected for an individual with fibromyalgia? - CORRECT ANSWER-Diffuse non-articular pain, multiple tender points and sleep disturbance Which option below should not be claimed as a result of massage therapy? - CORRECT ANSWER-Weight reduction According to McMillan, what type of tapotement is done with a cupped hand? - CORRECT ANSWER-Clapping When tight, the piriformis may entrap which structure? - CORRECT ANSWER-Sciatic nerve The procedure t...

What of the following is not true about the sphenoid bone? - CORRECT ANSWER-It forms the posterior cranial fossa At which stage should the massage therapist try to scoop the fibers of the patient's breast with utmost gentleness using the flat of the fingertips? - CORRECT ANSWERStage 3 What information does not need to be listed on the health history form? - CORRECT ANSWER-Written consent An investigator can be appointed when: - CORRECT ANSWER-The executive committee has received a repo...

Sensory distribution of each nerve root is called: - CORRECT ANSWER-Dermatome This test may be used for assessing the tear of transverse humeral ligament: - CORRECT ANSWER-Yegarson's test The effects of massage are physiological and psychological in nature. What would be considered a psychological effect? - CORRECT ANSWER-Reflexive with the neurological systems This is the normal end feel for shoulder joint adduction: - CORRECT ANSWER-Tissue approximation A massage therapist checks a ...

when the sole of the foot is turned outwards, the ankle is considered to be - CORRECT ANSWER-everted which tendonitis is very common with overuse of the shoulder in flexion from sports such as tennis or racquetball? - CORRECT ANSWER-longhead bicep tendonitis the specific joint between the skull and the spine that permits nodding is called the - CORRECT ANSWER-atlanto-occipital joint the strumming technique is utilized for: - CORRECT ANSWER-carpal tunnel syndrome during moderate exercise, ...

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