BUS 211 Week 2 Quiz | eBooks | Education

BUS 211 Week 2 Quiz

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BUS 211 Week 2 Quiz

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BUS 211 Week 2 Quiz

 

 

 

 

    • Correct answerquestion1

 

 

 

When an entrepreneur uses advancing technology to find a new way to make or supply a product, the entrepreneur utilizes which of the following opportunities?

Occupational

Commercial

Organizational

Capitalistic

 

 

 

    • Correct answerquestion2

 

 

 

Which two types of laws have been enacted to promote a company’s continued existence and profitability?

Occupational qualifications and diversity

Occupational health and safety

Business and environmental stewards

Incorporation and bankruptcy

 

 

 

    • Correct answerquestion3

 

 

 

This is a process of dissolution of a business through which its assets are sold to repay its creditors.

Chapter 13 bankruptcy

Chapter 11 bankruptcy

Chapter 7 bankruptcy

Chapter 9 bankruptcy

 

 

 

    • Correct answerquestion4

 

 

 

When is a business plan developed?

When proposing a new business venture

Annually

When reporting profit and loss

Shareholder meetings discussing past performance

 

 

 

    • Correct answerquestion5

 

 

 

This type of law exists to ensure that people have the skills they need to properly serve the public interest.

Laws promoting employee health and safety

Laws regulating occupational qualifications

Laws relating to the public interest

Laws governing business diversity

 

 

 

    • Correct answerquestion6

 

 

 

Which of the following best defines the entrepreneurship process?

Using IT to assemble materials into the final product

Providing both direct and indirect services to customers

Exchanging or selling services to other companies

Acquiring and combining resources to create goods or services for customers to buy.

 

 

BUS 211 Week 2 Quiz https://uoptutorialstore.com/category/bus-211/ BUS 211 Week 2 Quiz Correct answerquestion1 When an entrepreneur uses advancing technology to find a new way to make or supply a product, the entre
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