test 5

Question 1

in case employees are injured

Answer 1

workers compensation

Question 2

annual cost to you for your insurance

Answer 2

premium

Question 3

to protect your building, inventory and equipment from fire, flood and vandalism

Answer 3

property insurance

Question 4

how to communicate to large numbers of customers

Answer 4

marketing

Question 5

to protect the business and the owners families in case the entrepreneur passes away

Answer 5

key person life insurance

Question 6

an entrepreneurs actions and decisions

Answer 6

mission driven

Question 7

indicates the amount you will pay before the insurance company reimburses you for a loss

Answer 7

deductible

Question 8

products against a number of hazards

Answer 8

general liability insurance

Question 9

how you move customers to buy from you

Answer 9

selling

Question 10

to protect your vehicle

Answer 10

commercial vehicle insurance

Question 11

a simple business guide to ethics that should guide all human behavior

Answer 11

business ethics

Question 12

protecting a service business

Answer 12

errors and omissions business

Question 13

how many steps are required to launch a small business

Answer 13

9

Question 14

1 type of accounting software

Answer 14

quick books

Question 15

what is the names of the website that businesses register in louisiana

Answer 15

geauxBIZ

Question 16

1) there are 9 steps to launching a small business
2) the higher your deductible the lower your premium
3) step 7 requires that you set up your business on the small business website
4) pro forma is completed by a new business it shows negative results
5) steps 1-6 are considered administrative
6) creating differentiated is something no one else has
7) all entrepreneurs starting a new business should create a elevator speech
8) errors and omissions insurance protects your company
9) identifying your target market you are deciding which products you will sell
10) property insurance covers anything that happens at your business

Answer 16

1) T
2) T
3) F
4) T
5) F
6) T
7) F
8) T
9) F
10) F