GMETRIX ENTREPRENEURSHIP & SMALL BUSINESS PRACTICE EXAM 1 | 2025/26
UPDATED | QUESTIONS WITH ACCURATE SOLUTIONS
.
Which three elements are required to have a trade secret? - (ANSWER)1. Subject to reasonable efforts
to maintain secrecy
2. Information has economic value not generally known
3. Others cannot legitimately obtain the information
Match each creative commons license to it's usage guidelines - (ANSWER)Identifies it is a creative
commons license: CC
Credit must be given to creator: BY
Adaptation must be shared under the same terms: SA
Only noncommercial uses of the work are permitted: NC
No derivatives or adaptations of the work are permitted: ND
Your company manufactures 72 hr. Emergency kits and sells them for a low profit margin. You want to
expand your customer base to increase your sales volume, but you have a limited budget. What
marketing method would be the best choice? - (ANSWER)Social Media
Which sales channel has been opened to manufactures because of digital tools - (ANSWER)Direct to
customer
You are a technical trainer. You teach online courses to help workers more efficiently use microsoft
office applications. What is an effective way to measure your teaching performance during an online
course? - (ANSWER)Conduct on-screen pop-up quizzes
For each statement select true or false - (ANSWER)Product price affects the length of distribution
channel: True
Perishable products require more direct distribution: true
Products that are bulky, larger in size, and technically complicated are usually sold through multiple
handlers: false
UPDATED | QUESTIONS WITH ACCURATE SOLUTIONS
.
Which three elements are required to have a trade secret? - (ANSWER)1. Subject to reasonable efforts
to maintain secrecy
2. Information has economic value not generally known
3. Others cannot legitimately obtain the information
Match each creative commons license to it's usage guidelines - (ANSWER)Identifies it is a creative
commons license: CC
Credit must be given to creator: BY
Adaptation must be shared under the same terms: SA
Only noncommercial uses of the work are permitted: NC
No derivatives or adaptations of the work are permitted: ND
Your company manufactures 72 hr. Emergency kits and sells them for a low profit margin. You want to
expand your customer base to increase your sales volume, but you have a limited budget. What
marketing method would be the best choice? - (ANSWER)Social Media
Which sales channel has been opened to manufactures because of digital tools - (ANSWER)Direct to
customer
You are a technical trainer. You teach online courses to help workers more efficiently use microsoft
office applications. What is an effective way to measure your teaching performance during an online
course? - (ANSWER)Conduct on-screen pop-up quizzes
For each statement select true or false - (ANSWER)Product price affects the length of distribution
channel: True
Perishable products require more direct distribution: true
Products that are bulky, larger in size, and technically complicated are usually sold through multiple
handlers: false
