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What are the characteristcs of a well chosen target market?
Weegy: A target market is a group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise towards.[1] A well-defined target market is the first element to a marketing strategy. [ The target market and the marketing mix variables of product, place(distribution), promotion and price are the four elements of a marketing mix strategy that determine the success of a product in the marketplace. ] (More)
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Asked 8/26/2012 2:52:36 PM
0 Answers/Comments
Determine the key elements of leadership you would need to be successful in your business venture. Explain your rationale.
Weegy: AThese success factors can be also used by development assistance agencies, foundations and venture capitalists to help determine the likelihood that an enterprise will succeed, [ and so guide decisions about levels of investment and support. If these eight success factors are in place, an enterprise is more likely to attract the necessary investment and financing to get the enterprise up and running. Using key performance indicators to ... (More)
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Asked 8/26/2012 4:12:13 PM
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_____ is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products.
Question
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Updated 11/18/2012 6:22:51 PM
2 Answers/Comments
Question 1
5 out of 5 points

Small businesses generate about _____ of the U.S. gross domestic product.
Answer
Selected Answer: 50 percent
Correct Answer: 50 percent
Question 2
5 out of 5 points

One characteristic many successful entrepreneurs share includes:
Answer
Selected Answer: vision.
Correct Answer: vision.
Question 3
0 out of 5 points

Entrepreneurs with a strong internal locus of control tend to:
Answer
Selected Answer: be unwilling to accept personal responsibility for their actions.
Correct Answer: feel that the success or failure of their companies are largely the result of their own actions and decisions.
Question 4
5 out of 5 points

People with a(n) _____ have a strong sense of personal responsibility for what happens in their lives.
Answer
Selected Answer: internal locus of control
Correct Answer: internal locus of control
Question 5
5 out of 5 points

For research purposes, the Small Business Administration (SBA) defines small business as companies with up to _____ employees.
Answer
Selected Answer: 500
Correct Answer: 500
Question 6
5 out of 5 points

_____are small segments within a market that can offer profit potential to entrepreneurs who know how to serve them.
Answer
Selected Answer: Market niches
Correct Answer: Market niches
Question 7
0 out of 5 points

The majority of new small business owners rely heavily on _____ to finance their start-ups.
Answer
Selected Answer: loans from commercial banks
Correct Answer: personal sources, including family, friends, and credit cards
Question 8
0 out of 5 points

_____ provide funds to small businesses with high growth potential in exchange for a share of ownership in the company.
Answer
Selected Answer: Small Business Development Centers
Correct Answer: Venture capitalists
Question 9
5 out of 5 points

Over the last decade, small business created _____ of net new jobs in the United States.
Answer
Selected Answer: 60-80 percent
Correct Answer: 60-80 percent
Question 10
0 out of 5 points

The _____ is supported by the Small Business Administration and provides comprehensive counseling for small businesses.
Answer
Selected Answer: Entrepreneurial Services Council
Correct Answer: Service Corps for Retired Executives
Question 11
0 out of 5 points

The auditor’s _____ indicate(s) whether the firm’s financial statements are prepared and presented in a way that is likely to fairly represent the firm’s financial condition.
Answer
Selected Answer: letter to the CEO
Correct Answer: opinion
Question 12
5 out of 5 points

The _____ budget deals with the firm’s plans for investing in major fixed assets and long-term projects
Answer
Selected Answer: capital
Correct Answer: capital
Question 13
5 out of 5 points

_____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization.
Answer
Selected Answer: Accounting
Correct Answer: Accounting
Question 14
5 out of 5 points

_____ is/are the claims owners have against the firm’s assets.
Answer
Selected Answer: Owners’ equity
Correct Answer: Owners’ equity
Question 15
0 out of 5 points

Managerial accounting serves the needs of a firm’s _____.
Answer
Selected Answer: suppliers
Correct Answer: managers
Question 16
0 out of 5 points

The major output of financial accounting is a set of statements including the:
Answer
Selected Answer: general journal, cash budget, and capital budget.
Correct Answer: balance sheet, income statement, and statement of cash flows.
Question 17
0 out of 5 points

According to the _____ method of accounting, revenues are recognized when they are earned and payment is reasonably assured
Answer
Selected Answer: managerial
Correct Answer: accrual
Question 18
0 out of 5 points

The _____ budget brings together all of the firm’s budgeting documents to provide a unified plan for the a specific budget period.
Answer
Selected Answer: operating
Correct Answer: master
Question 19
5 out of 5 points

An auditor issuing a(n) _____ has uncovered serious and widespread problems with the preparation of a firm’s financial statements.
Answer
Selected Answer: adverse opinion
Correct Answer: adverse opinion
Question 20
5 out of 5 points

_____ is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products.
Answer
Selected Answer: Activity-based costing
Correct Answer: Activity-based costing
Sunday, November 18, 2012 8:17:28 PM EST
OK
Added 11/18/2012 6:22:27 PM
Answers for the whole test. I tried weegy and I got a few answers wrong
Added 11/18/2012 6:23:21 PM
The _____ budget brings together all of the firm’s budgeting documents to provide a unified plan for the a specific budget period.
Question
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Updated 2/16/2013 5:31:19 AM
2 Answers/Comments
The budget brings together all of the firm’s budgeting documents to provide a unified plan for the a specific budget period is called the fiscal budget.
Added 12/16/2012 11:03:24 PM
The master budget brings together all of the firm's budgeting documents to provide a unified plan for the a specific budget period.

Source:
Added 2/16/2013 5:31:19 AM
_____ are valuable things owned by the firm.
Question
All Categories|No Subcategories|
Updated 8/26/2012 9:12:08 PM
1 Answer/Comment
ASSETS are valuable things owned by the firm.
Added 8/26/2012 9:12:08 PM
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