What is not a creative thinking exercise entrepreneurs use?
The right answer for the question that is being asked and shown above is that: “B. Judge Each Idea as Realistic or Not .” This is not a creative thinking exercise entrepreneurs use to generate ideas.
Which of the following is not a way that an entrepreneur could increase the contribution margin or profit of each unit sold?
Which of the following is NOT a way that an entrepreneur could increase the contribution margin or profit of each unit sold? Increasing the selling price and Decreasing the Variable Expenses per unit will BOTH Increase Profit.
What is the most accurate way of determining expenses?
Ledger. The simplest and most accurate way to determine your income and expenses is to keep all of your receipts, bills, invoices and collections and enter them into a ledger as they occur. At the end of each month, perform a reconciliation using your bank and credit statements to double-check your ledger numbers.
Which of the following ensures a good idea for business is an actual business opportunity?
Q. Which of the following ensures a good idea for a business is an actual business opportunity? … The idea solves a unique need or want in the market that a group of customers is willing to buy.
What could he do to try to improve his net profit?
Companies can increase their net margin by increasing revenues, such as through selling more goods or services or by increasing prices. Companies can increase their net margin by reducing costs (e.g., finding cheaper sources for raw materials).
What is the main difference between a personal characteristic and a skill?
The main difference between a personal characteristic and a skill is skills can be learned and developed while personal characteristics are inherent qualities within. Examples of skills are people skills, business skills, and communication skills.
Which of the following is a customer need that an entrepreneur should?
There are four main customer needs that an entrepreneur or small business must consider. These are price, quality, choice and convenience.
Which could be good sources of information for entrepreneurs?
The most common sources under print are books and periodicals which are mostly found in public & business libraries and bookshops. The government also prints books that are also useful for entrepreneurship. An example is the U.S government printing office.
What is entrepreneur Quizizz?
An entrepreneur is someone who creates a business and potentially makes money and runs the business.
What is product cost accuracy?
Accuracy refers to how effectively the business can trace its business expenses through product costs and to the correct inventory values. … This helps enforce the matching principle, attaching costs to the value they create throughout the business.
Is food a fixed expense?
Fixed expenses are your weekly, monthly, or annual bills that don’t fluctuate. These include things like mortgage or rent payments, car payments, insurance premiums, utility bills, and the average amount you spend on groceries.
How do you identify expenses?
The accounting method the business uses determines when an expense is recognized. If the business uses cash basis accounting, an expense is recognized when the business pays for a good or service. Under the accrual system, an expense is recognized once it is incurred.