Question 3 2 out of 2 points is the volume of sales

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Question 3
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2 out of 2 points
______ is the volume of sales needed to cover total variable and fixed costs.
Answer

Selected Answer:
Breakeven
Correct Answer:
Breakeven
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Question 4
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2 out of 2 points
Corporations distribute profits to owners through _______.
Answer
Selected Answer:

Dividends
Correct Answer:
Dividends
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Question 5
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2 out of 2 points
The commercialization of the results of technology combined with a social need is called
_______.
Answer
Selected Answer:
Technology transfer

Correct Answer:
Technology transfer
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Question 6
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2 out of 2 points
Which of the following documents is not usually included in the Financial Plan?
Answer
Selected Answer:
Price lists from suppliers
Correct Answer:

Price lists from suppliers
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Question 7
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2 out of 2 points
When products cannot be easily differentiated:
Answer
Selected Answer:
There is little room for price variations from the competition
Correct Answer:
There is little room for price variations from the competition

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Question 8
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2 out of 2 points
Copyrights are registered with _______.
Answer
Selected Answer:
The Library of Congress
Correct Answer:
The Library of Congress

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Question 9
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2 out of 2 points
Distribution, pricing, and promotion of the product are discussed in which section of the plan?
Answer
Selected Answer:
Marketing
Correct Answer:
Marketing
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Question 10
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2 out of 2 points
Once the marketing goals and objectives have been established, the entrepreneur can begin to
develop the __________ and __________ to achieve them.
Answer
Selected Answer:
Marketing strategy, action plan
Correct Answer:
Marketing strategy, action plan
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Question 11

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2 out of 2 points
Business-to-business marketing involves:
Answer
Selected Answer:
A more direct channel of distribution than consumer markets
Correct Answer:
A more direct channel of distribution than consumer markets
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Question 12
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2 out of 2 points

Authors or publishers of software are protected under _______.
Answer
Selected Answer:
Copyrights
Correct Answer:
Copyrights
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Question 13
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2 out of 2 points

When would an entrepreneur be pronounced to have recovered from the grief of a lost business?
Answer
Selected Answer:
When thoughts about the events surrounding, and leading up to the loss of the business, no
longer generate a negative emotional response
Correct Answer:
When thoughts about the events surrounding, and leading up to the loss of the business, no
longer generate a negative emotional response
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Question 14
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2 out of 2 points

Which of the following is not a part of the opportunity assessment plan?
Answer
Selected Answer:
A viable exit strategy
Correct Answer:
A viable exit strategy
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Question 15
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2 out of 2 points

If the total fixed costs are $850,000, the sale price is $110 and the variable cost per unit is 25,
what is the breakeven volume?
Answer
Selected Answer:
10,000
Correct Answer:
10,000
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Question 16
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0 out of 2 points

To apply for a trademark:
Answer
Selected Answer:
The mark must actually have been used on goods
Correct Answer:
Intent to use the mark is required
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