Entrepreneurship Final Exam

First Name

Last Name

People who own, operate and take the risk of business ventures are called?

• employees
• entrepreneurs
• executives
• managers

Special meetings where companies of the same or related industries display their products are called?

• Social Networking
• SBA
• Trade Shows
• Internet Activities

Thoughts or concepts that come from creative thinking are called?

• ideas
• advantages
• opportunities

A corporate executive who develops new business within a corporation is called what?

• Social Entrepreneur
• Intrapreneur
• Green Entrepreneur

More than half of all new businesses do not survive beyond four years.

• True
• False

What must be subtracted from net sales to find gross profit?

• Total expenses
• Operating expenses
• Cost of goods sold
• Interest expenses

Taking a physical inventory means counting the number of items you have in stock.

• True
• False

Training and compensating the employees of a business is part of which management function?

• Planning
• Staffing
• Implementing
• Controlling