GuideFoot - Learn Together, Grow Smarter. Logo

Questions in business

📝 Answered - 12. Which of the following represents a firm's organizational resources? a. All resources of the organization b. IP and copyrights c. Tangible assets d. Routines and systems 13. The following are definitions of a firm's strategic resources except: a. They help in implementing the firm's strategies b. They grant the firm a competitive advantage c. Helps you achieve your strategic goals d. They are profitable 14. Bootstrapped entrepreneurial ventures denote firms that: a. Operate as joint ventures b. Operate independently without external support c. Operate mainly to meet local needs d. Are operated through coalition building 15. The 4 Ps of Marketing does not include: a. Production b. Place c. Price d. Promotion 16. SMEs are generally labor-intensive. This is a positive feature because: a. It makes workers work harder and intensively b. It caters for local needs c. It creates employment opportunities d. Laborers are within the firms 17. Assembling, as a resource mobilization strategy, means: a. Equipping yourself with venture-specific knowledge and skills b. Assembling all the tools and resources needed to start one's business c. Combining resources with partners to start a venture d. Making sure that all your resources are at one location 18. The system wherein the principles of entrepreneurship are practiced within the boundaries of the firm is called: a. Entrepreneurship b. Sole proprietorship c. Intrapreneurship d. Self-employment 19. The following are examples of a distributorship except: a. Toyota b. Coca Cola c. Miami Dolphins d. KFC 20. Which of the following specifies the geographical limits for a franchisee to operate in? a. Grant b. Term c. Territory d. Transfer

📝 Answered - Find the beginning inventory for June. | | Beginning Inventory | Purchases | Units Sold | | :---- | :------------------ | :-------- | :--------- | | April | 2,200 | 700 | 1,300 | | May | 1,600 | 800 | 600 | | June | {[?]} | 400 | 1,500 |

📝 Answered - In which part of a presentation should you provide background information, ask a thoughtful question, or offer an interesting fact?

📝 Answered - Choose the correct example of opportunity recognition: A. Selling umbrellas during rainy season B. Opening a new store in a saturated market C. Ignoring customer suggestions D. Raising prices unnecessarily

📝 Answered - Why is a bond with a higher interest rate often considered a higher risk investment? A. More secure bonds have higher interest rates. B. A higher interest rate means a higher rate of return on the investment. C. A higher interest rate would provide too much of a return on the investment. D. Some companies promise higher interest rates in order to attract the attention of investors.

📝 Answered - Joe is applying for loss-of-time disability coverage and is concerned about how his income affects his benefits. Why does Joe's application for loss-of-time coverage inquire about his income? A. To determine his ability to pay premiums. B. To set benefits so they do not exceed his after-tax income. C. To decide whether to approve his application. D. To calculate his tax obligations.

📝 Answered - A resource has value, and people are willing to pay for it most likely because the resource is

📝 Answered - Following transactions are provided to you: Baisakh 1 Business started with bank balance Rs. 200,000 Baisakh 2 Purchased goods from Prabhu for cash Rs. 30,000 Baisakh 5 Machinery purchased from Gupta and Co. for Rs. 40,000 Baisakh 9 Goods sold to Mrs. Khalida for Rs. 25,000 Baisakh 13 Payment made to Prabhu by a cheque Rs. 30,000 Baisakh 18 Paid to Gupta and Co. by a cheque Baisakh 27 Cash received from Mrs. Khalida Rs. 25,000 Required: Journal Entries Following transactions are provided to you: June 1 Mahesh Duwal started a business with a bank balance of Rs. 500 June 4 Cash withdrawn from the bank Rs. 100,000 June 6 Purchased goods for Rs. 30,000 June 7 Purchased goods from Mr. Ashok Maharjan Rs. 60,000 June 9 Withdrawn from the bank for personal use Rs. 5,000 June 12 Goods sold for Rs. 50,000 June 14 Goods sold to Mrs. Dolma Sherpa Rs. 25,000 June 16 Goods returned to Mr. Maharjan of Rs. 10,000 June 18 Goods returned from Mrs. Sherpa of Rs. 5,000 June 23 Paid to Mr. Maharjan Rs. 50,000 by cheque June 25 A cheque of Rs. 20,000 received from Mrs. Sherpa Required: Journal entries Following transactions are given to you: August 10 Wages paid Rs. 2,000 August 15 Rent paid Rs. 20,000 August 20 Commission received Rs. 9,000 August 25 Interest received Rs. 7,000 August 30 Salary paid to the staff Rs. 50,000 Required: Journal Entries Following transactions are provided to you: Chaitra 1 Borrowed a loan of Rs. 100,000 from the bank Chaitra 2 Cash of Rs. 500 withdrawn from the bank for office use Chaitra 5 Sold old furniture for Rs. 4,000 Chaitra 7 Provided loan to Ranjit Rs. 20,000 cash Chaitra 9 Commission paid Rs. 6,000 cash Chaitra 25 Interest paid on bank loan Rs. 9,000

📝 Answered - An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?

📝 Answered - How do businesses determine the equilibrium price of a good or service? A. They set a price where the demand matches the quantity they are willing to supply. B. They set a price that matches the expenses they take on to create supply. C. They set a price where the demand exceeds the quantity they are willing to supply. D. They set a price where the demand is less than the quantity they are willing to supply.