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Question
The cost of producing or acquiring goods or services to be sold by a firm
Answer
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Related questions
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a. collateral
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a. True
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Floyds income statement showed for the current year his company had an operating income of $45,000 and his balance sheet showed total assets of $300,000. His return on assets is _________ percent.
a. 30
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a. True
b. False
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Making funds available to cover losses that cannot be eliminated by risk control
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Coverage that designates part of a firms earnings as a cushion against possible future losses
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In order to be appropriately considered a market, a group of customers or potential customers must have
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Spira Footwear, Inc. produces running and walking shoes with a patented technology. Therefore the companys profile should concentrate the most on
a. the features the shoes offer the customer.
b. the uniqueness of the product.
c. the benefits to the customers.
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A buildup process requires a small business to identify all potential buyers in a target market's submarkets and then combine these estimates to determine the calculated demand.
a. True
b. False
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Small business owners can now buy inexpensive personal computer software that can perform statistical calculations and generate report-quality graphics.
a. True
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A market is best defined as a geographical area that is of commercial interest to the entrepreneur.
a. True
b. False
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Personal interview surveys are attractive as a marketing research method because these are inexpensive to conduct.
a. True
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It is best to write a marketing plan before collecting marketing research data.
a. True
b. False
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The marketing strategy section provides the most detailed information in a formal marketing plan.
a. True
b. False
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Define the term market and explain the key ingredients of that definition.
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An important advantage an entrepreneur gains by leasing rather than buying a facility is
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b. a decrease in investment risk.
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What are the qualifications of partners?
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Liability on the part of an owner that extends beyond the owners investment in the business
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b. accrued expenses.
c. owners' long-term debt.
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Bernard has just learned that on the balance sheet, the assets must equal the ___________ plus the _______________.
a. money borrowed from others, money invested by the owners
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c. accumulated depreciation, asset value
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In order to derive a cash flow statement, the owner must add back the _____ to the income statement.
a. depreciation expense
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a. marketing plan.
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The debts that Rhondas company will repay within the next ______________ are considered to be current debt.
a. 2 years
b. 6 months
c. 1 quarter
d. 12 months