Entrepreneurship b final exam review part 2

Front

Which of the following is LEAST likely to be an anchor store at a community shopping center? super drugstore, supermarket, home improvement store

Back

large department store

Front

Stand-alone stores often depend on drive-by traffic, usually have competing businesses located nearby, are usually more expensive to rent, or rarely need to use advertising.

Back

rarely need to use advertising

Front

The buying and selling of products or services over the Internet is known as

Back

e-commerce

Front

In this type of lease, the landlord pays building insurance and the tenant pays rent, taxes, and any other expenses.

Back

net lease

Front

After a business owner leases or purchases a facility, he or she needs to design the layout, or

Back

floor plan

Front

Visual merchandising is very important for which type of business? Options: a warehouse, a retail business, an e-commerce business, a manufacturing business

Back

a retail business

Front

Most businesses need all of the following types of supplies and equipment EXCEPT: office supplies, furniture, fixtures, lawn mowers

Back

lawn mowers

Front

For this type of business, inventory consists of the parts that will go into producing the business’s product as well as its finished goods.

Back

manufacturing business

Front

What is a line of credit?

Back

an agreement by a bank to lend up to a certain amount of money whenever the borrower needs it

Front

An income statement can help a business owner do all of the following EXCEPT: examine how sales, expenses, and income are changing over time; analyze costs to determine areas that need to be cut back; forecast how well the business can expect to perform in the future; identify his/her equity in the business.

Back

identify his/her equity in the business