FSE2202

FSE 2202 - MID TERM STUDY GUIDE EXAM QUESTIONS AND ANSWERS VERIFIED ACTUATING (Directing) Regulating the activities or course of activities of an organization; to guide and/or supervise the activities of an organization. pg.181 (Klicker) ADVERTISING The art of making the public aware of the services or commodities that a business has for sale. pg.102 (Klicker) FORMS OF ADVERTISING direct mail, radio, television, yellow pages, church bulletins, business cards, and the internet. Pg.209 (Klic...

FSE2202 FINAL TERMS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS ABC Method of Inventory Control A method of classifying inventory items with categories, which are of high-value, less costly, and/or low-cost items Advertising The art of making the public aware of the services or commodity that the business has for sale Advisory board board makes the major decisions of the business Artisan entrepreneur An entrepreneur who primarily possesses technical knowledge, but has very little,...

FSE 2202 MID TERM PREP EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS A written document that states explicitly the rights and duties of partners in a partnership Articles of Partnership Define a sole proprietorship An individual conducting a business as an individual and sole owner List the advantages of a partnership • Combined management, talent, capital • Easy to form • Efficiency of labor • Possibility of employees to buy into the business • Each partner contributed ...

FSE 2202 MIDTERM STUDY GUIDE EXAM QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS Business plan a.k.a New Venture Plan A written description of a new idea that projects marketing, operational, and financial aspects of a proposed business Entrepreneur One who organizes, manages, and assumes the risk of a business firm or venture Competition The practice of trying to obtain something that is being sought by others under similar circumstances at the same time Debt Equity (Debt Capital, Borrowe...

FSE2202 FUNERAL HOME MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Business Plan (New Venture Plan) A written description of a new idea that projects marketing, operational, and financial aspects of a proposed business. Consumerism The emphasis placed on providing to customers products and services that are safe, reliable, and honestly advertised; also, a social movement that seeks to strengthen the rights of consumers relative to sellers. Copyright The registered ...

FSE 2202 FINAL REVIEW EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Business An organization that combines inputs of raw amterials, capital, labor and management skills to product useful outputs of goods and services to earn a profit Small business A business which is independently owned and operated and is not dominant in its field of operations Entrepreneur one who organizes, manages, and assumes the risk of a business firm or venture venture capitalists someone who inves...

FSE 2202 FINAL GUIDE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE An organization that combines inputs of raw materials, capital, labor and management skills to produce useful outputs of goods and services so as to earn a profit Business A business which is independently owned and operated and is not dominant in its filed of operations Small business One who organizes, manages, and assumes the risk of a business firm or venture Entrepreneur Someone who inves...

FSE2202-1.2 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Sole Proprietorship A legal form of organization whereby the business is owned and operated by one person. Partnership The voluntary association of two or more people who have combined their resources to carry on as co-owners of a lawful enterprise for their joint profit. Corporation An artificial being, invisible, intangible, and existing only in contemplation of law; an entity that is something that has a distinct ...