inherited their wealth 1. Innovators 2. Future Oriented Early Adopters 3. Below-average-income wage earners Laggards 4. Present (security) oriented Late Majority 5.High-income people who have incomes from salary and investment. Early Adopters 6. Highest Professionals, including merchants and financiers. Innovators 7. Present Oriented Early Majority 8. Average-income wager earners Late Majority 9. Middle managers and owners of medium-sized businesses. Early Adopters 10. Above-average-income wage earners. Early Majority 11. Present oriented, but worried about the impact of times. Innovators 12. Unskilled labor Laggards 13. Skilled labor 13. Late Majority 14.Owners of small businesses; non- managerial office and union Managers. 14.Early Majority 15. Tradition-oriented people who often live in the past. 15.Laggards 16. The amount invested in a business by the proprietor is called property. FALSE 17. The amount invested in a business by the proprietor is called property. FALSE 18. Capital is anything of value that is owned by you or your business. FALSE 19. Non-current assets are debts you must pay within a year (also called short-term liabilities). FALSE 20. Income Statement summarizes the income of a business during a specific period. TRUE 21. Total income for the period less total expenses for the period is a Net Income. False 22. Liability is the money you owe to your creditors. True 23. Discount is the cost of borrowing money False 24. Loss is the lost of usefulness; expired utility; the diminution of service yield from a fixed asset or fixed asset group that cannot will not be restored by repairs or by replacement of parts. False 25. Fixed cost is a cost that vary with the level of production on sales, such as direct labor, material, and sales commissions. False 26. The excess of current assets over current liabilities equals working capital. True 27. It describes the potential of the new venture:
a. Financial Segment c. Marketing Segment
b. Summary d. Appendix C. Marketing Segment 28. It discusses the advantages of location.
a. Management Segment c. Summary
b. Critical-Risks Segment d. Operations Segment c. Summary 29. It discusses price-cutting by the competition.
a. Critical-Risks Segment c. Harvest Strategy Segment
b. Appendix d. Summary a. Critical-Risks Segment 30. It provides strategy for an initial public offering.
a. Financial Segment c. Appendix
b. Marketing Segment d. Business Description Segment c. Appendix 31. It most crucial part of the plan.
a. Operations Segment c. Financial Segment
b. Management Segment d. Appendix c. Financial Segment 32. It discusses pricing strategy.
a. Appendix c. Milestone Schedule Segment
b. Summary d. Management Segment d. Management Segment 33. It provides resumes of all key personnel. a. Operations Segment c. Milestone Schedule Segment b. Financial Segment d. Marketing Segment a. Operations Segment 34. It provides a budget. a. Critical-Risks Segment c. Business Description Segment b. Summary d. Operations Segment C. Business Description Segment 35. It shows the relationship between events and deadlines for accomplishment.
a. Financial Segment c. Marketing Segment
b. Appendix d. Harvest Strategy Segment D. Harvest Strategy Segment 36. It contains support material such as blueprints and diagrams. a. Operations Segment c. Marketing Segment b. Critical-Risk Segment d. Milestone Schedule Segment D. Milestone Schedule Segment 37. = Net Income Owners Equity Return On Assets 37. = Current Assets- Current Liabilities Working Capital 37. Net Income x Sales Sales Total Assets Return on Assets 38.= Current Assets Current Liabilities Current Ratio 39.= Sales Total Assets Asset Turnover 40. = Total Debt Total Equity Debt to Equity
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