Questions from General Entrepreneurship

Q: Explain the difference between cash and accrual accounting.

Explain the difference between cash and accrual accounting.

Q: Discuss the importance of remaining professional and friendly when trying to collect

Discuss the importance of remaining professional and friendly when trying to collect an unpaid bill.

Q: What advantages and disadvantages are involved for a small business offering sales

What advantages and disadvantages are involved for a small business offering sales on credit?

Q: What factors should be considered when a small business owner decides to

What factors should be considered when a small business owner decides to advertise?

Q: Discuss the personality traits that a good salesperson should have. What

Discuss the personality traits that a good salesperson should have. What traits would detract from the personal selling process?

Q: Explain the ratchet effect on sales.

Explain the ratchet effect on sales.

Q: How would promotional mix decisions change for a small business that is

How would promotional mix decisions change for a small business that is expanding into a foreign market?

Q: Give examples of efficiency and effectiveness in managing your everyday life.

Give examples of efficiency and effectiveness in managing your everyday life.

Q: Refer to the chapter opening story. List two differing activities in

Refer to the chapter opening story. List two differing activities in which each manager engages.

Q: Discuss some of the skills or characteristics that are needed by a

Discuss some of the skills or characteristics that are needed by a manager in the startup phase of a business that differ from those needed later to manage a larger, established firm.