Exam 2 & Exam 3: DIT121/ DIT 121 (Latest 2024/ 2025
Updates STUDY BUNDLE PACKAGE WITH SOLUTIONS)
Questions and Verified Answers| Grade A | 100%
Correct
A sheet that compares assets to liabilities plus owners equity - ANSWERbalance
The point where a business revenue matches its expenses over a given period -
ANSWERbreak even point
A plan that addresses the concepts, customers, and capital for a business -
ANSWERbusiness plan
signed agreement stating that an entity will not disclose information agreed upon by
all parties in an agreement - ANSWERconfidentiality agreement
an individual who aspires to start and run a successful business -
ANSWERentrepreneur
A pay provided to employees for the number of hours they worked - ANSWERhourly
pay
The individuals that own a business - ANSWERowner
The amount of money charged for goods or services - ANSWERprice
The amount of financial gain from a business - ANSWERprofit
a first, typical or preliminary model of something, especially a machine, from which
other forms are developed or copied - ANSWERprototype
trusting ones self, goals, and progress - ANSWERself-reliance
A planning tool used to document a companies strengths, weaknesses,
opportunities, and threats - ANSWERSWOT analysis
The group of customers a company chooses to market its products and services to -
ANSWERtarget market
A promise of value that a company makes about their product or service that makes
it attractive to customers - ANSWERvalue proposition
fees paid for the use of a brand name or image - ANSWERroyalty fees
Updates STUDY BUNDLE PACKAGE WITH SOLUTIONS)
Questions and Verified Answers| Grade A | 100%
Correct
A sheet that compares assets to liabilities plus owners equity - ANSWERbalance
The point where a business revenue matches its expenses over a given period -
ANSWERbreak even point
A plan that addresses the concepts, customers, and capital for a business -
ANSWERbusiness plan
signed agreement stating that an entity will not disclose information agreed upon by
all parties in an agreement - ANSWERconfidentiality agreement
an individual who aspires to start and run a successful business -
ANSWERentrepreneur
A pay provided to employees for the number of hours they worked - ANSWERhourly
pay
The individuals that own a business - ANSWERowner
The amount of money charged for goods or services - ANSWERprice
The amount of financial gain from a business - ANSWERprofit
a first, typical or preliminary model of something, especially a machine, from which
other forms are developed or copied - ANSWERprototype
trusting ones self, goals, and progress - ANSWERself-reliance
A planning tool used to document a companies strengths, weaknesses,
opportunities, and threats - ANSWERSWOT analysis
The group of customers a company chooses to market its products and services to -
ANSWERtarget market
A promise of value that a company makes about their product or service that makes
it attractive to customers - ANSWERvalue proposition
fees paid for the use of a brand name or image - ANSWERroyalty fees
