PLEASE ANSWER AS MANY AS POSSIBLE!


Loans are considered a type of funding.

Question 1 options:
True
False
Question 2 (1 point)
If you don't want to share ownership of your business, what type of funding should you get? (Select the best answer.)


Question options:

Question 2 options:

Debt Funding


Profit Funding


Obligation Funding


Equity Funding

Question 3 (1 point)
Which type of funding requires that the business owner share ownership with investors? (Select the best answer.)

Question 3 options:

Reserve Funding


Debt Funding


Angel Funding


Equity Funding

Question 4 (1 point)
Classify the following pair of products, services, or companies as direct competitors, indirect competitors, or noncompetitors.

Two different brands of basketball shoes

Question 4 options:

Direct Competitors


Indirect Competitors


Non Competitors

Question 5 (1 point)

Which of the following is one of the main things to consider when evaluating a business opportunity? (Select the best answer.)

Question 5 options:

Customer demand for the product


Style and entertainment trends


The number of employees you plan to have


The mission statements of competitors

Question 6 (1 point)
Limiting a company's scope is a good way to give the company a clear direction and goals.

Question 6 options:
True
False
Question 7 (1 point)
Which of the following are considered types of currency?

Question 7 options:

paper money


coins


banknotes


government bonds


treasury notes


all of the above

Question 8 (1 point)
Credit is used to help people get the things they need immediately, with a promise to pay back the money later.

Question 8 options:
True
False
Question 9 (1 point)
Which of the following are types of bank accounts? Select all that apply

Question 9 options:

Savings


Yearly


Checking


Budget

Question 10 (1 point)
is an individual's total earnings throughout a given period before any deductions are made.

Question 10 options:

Net Pay


Income


Paycheck


Gross Pay

Question 11 (1 point)
is an employee's earnings after all deductions are taken out.

Question 11 options:

Gross Pay


Income


Net Pay


Tax

Question 12 (1 point)
To open a bank account you will/may need...... Choose only 5 answers.

Question 12 options:

A deposit


Collateral


Pokemon Cards


Drivers License


A government issued ID


Income


Insurance


A state issued ID

Question 13 (1 point)
You own a sandwich shop in a neighborhood that has many other competing sandwich shops. This means your demand is probably ___________.

Question 13 options:

Inelastic


Time-based


Elastic


Need-based

Question 14 (1 point)

What is an increase in competition likely to do to the demand? (Select the best answer.)

Question 14 options:

Make the demand more elastic


Make the demand less elastic


Decrease the demand


Increase the demand

Question 15 (1 point)

The following example is of people who are producers of either goods or services. Classify the example as providing either a good or a service.

Monica is a veterinarian who treats cats and dogs.

Question 15 options:

Goods


Services

Question 16 (1 point)

Which of the following is an advantage of using magazine ads instead of newspaper ads? (Select the best answer.)

Question 16 options:

Less expensive ad space


Higher print quality


Larger number of readers


Magazine writers help write the ad

Question 17 (1 point)

If you think viewers are skipping over the commercials during TV shows, what strategy could you use to make it more difficult for them to ignore your product? (Select the best answer.)

Question 17 options:

Increase the volume of your commercial.


Create an infomercial.


Run your commercial more than once in a row.


Use product placement.

Question 18 (1 point)

Mark the example as ethical behavior, unethical behavior, or conflicts of interest:

Piper lies about the amount of toxic chemicals released into the air during production.

Question 18 options:

Conflict of Interest


Ethical Behavior


Unethical Behavior

Question 19 (1 point)

What do fear-based marketing messages and advertisements focus on? (Select the best answer.)

Question 19 options:

The company's competitors and their prices


Negative changes in the market that have reduced demand for the product


The bad things that will happen to people who don't buy the product


Threats to the company's business

Question 20 (1 point)
Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?

Question 20 options:

Product


Place


Price


Promotion

Question 21 (1 point)
Which of the following can help you evaluate the performance of your ads and other marketing strategies?

Question 21 options:

Sending out a press release multiple times


Collecting secondary data about your target market


Asking customers how they found out about your company or product


Asking competitors what they think of your advertising strategy