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| Section | Weight | Objectives |
|---|---|---|
| Entrepreneurship | 10% | - Entrepreneurial concepts and processes
|
| Professional Business Education | 7% | - Program and career guidance
|
| Accounting and Finance | 15% | - Fundamental accounting concepts and processes
|
| Communication and Career Development | 13% | - Business communication principles and practices
|
| Economics | 13% | - Economic systems and performance
|
| Law and International Business | 15% | - Legal principles affecting business
|
| Management and Marketing | 12% | - Management principles and functions
|
| Information Technology | 15% | - Technology applications in business
|
1. A college graduate wants to start a business and looks into franchise opportunities. The graduate has $30,000 and has narrowed the selection to three different franchise choices. Which of the following franchise credentials is the most important to review?
A) Owner's handbook
B) Broker policy agreement
C) Fee schedule agreement
D) Franchise disclosure document
2. A valuable student benefit of school-based enterprises (SBEs) is that SBEs provide students an opportunity to
A) learn and connect with real-world skills
B) develop a skill in lieu of attending college
C) earn extra money during the school day
D) work during study hall and lunch periods
3. Of the following, the factor generally considered to be the most important in determining the success of a typical convenience store is
A) store site
B) pricing analysis
C) analysis of distribution
D) promotional programs
4. Under ordinary circumstances, the average amount of unemployment in an economy is called the
A) natural rate of unemployment
B) typical rate of unemployment
C) frictional rate of unemployment
D) cyclical rate of unemployment
5. Which of the following is the primary purpose of job performance standards?
A) To clarify the structure of an organization
B) To identify the qualifications needed to hold a position
C) To define the goals to be accomplished by the employer
D) To identify work expectations for the employee
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
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