Question 1

In 2008, the dollar value of total US exports represented by small business firms were approximately

Accepted Answer

A)  10 percent 
B)  30 percent 
C)  50 percent 
D)  75 percent 
E)  97 percent 
A)  10 percent 
B)  30 percent 
C)  50 percent 
D)  75 percent 
E)  97 percent B

Question 2

The Robinson-Patman Act of 1936 and the Miller-Tydings Act of 1937 were designed to protect small retailers.

Accepted Answer

A) True 
 B)False  True

Question 3

The Small Business Administration (SBA) runs a program which has more than 12,000 volunteers who assist small firms with counseling and training. This program is

Accepted Answer

A)  Small Business Development Center 
B)  Export Assistance Center 
C)  the SBA loan program 
D)  the SCORE program 
E)  Women's Business Center 
A)  Small Business Development Center 
B)  Export Assistance Center 
C)  the SBA loan program 
D)  the SCORE program 
E)  Women's Business Center D

Question 4

Twenty-first century small businesses should maintain an intense focus on three major themes:

Accepted Answer

A)  Making a profit, hiring new employees, and reducing costs 
B)  Creativity, new product development, and automation 
C)  Identifying customer value, exploiting digital technology, and managing cash flow 
D)  Reducing costs, finding new customers, and globalization 
E)  New product development, finding new customers, and globalization 
A)  Making a profit, hiring new employees, and reducing costs 
B)  Creativity, new product development, and automation 
C)  Identifying customer value, exploiting digital technology, and managing cash flow 
D)  Reducing costs, finding new customers, and globalization 
E)  New product development, finding new customers, and globalization

Question 5

One of the costs of unethical behavior is the loss of physical assets.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following applies to ethics?

Accepted Answer

A)  They are the same as our feelings. 
B)  They are synonymous with the law. 
C)  They are the same as values. 
D)  They are not synonymous with science. 
E)  They are the same as religion. 
A)  They are the same as our feelings. 
B)  They are synonymous with the law. 
C)  They are the same as values. 
D)  They are not synonymous with science. 
E)  They are the same as religion.

Question 7

The form of business failure that is attributable to the owner dying or simply choosing to discontinue operations is known as

Accepted Answer

A)  bankruptcy 
B)  losses to creditors 
C)  avoidance of losses to creditors 
D)  failure of opportunity cost 
E)  discontinuance 
A)  bankruptcy 
B)  losses to creditors 
C)  avoidance of losses to creditors 
D)  failure of opportunity cost 
E)  discontinuance

Question 8

The form of business failure in which the owner recognizes that the business isn't generating sufficient returns to warrant the effort to continue operations is known as

Accepted Answer

A)  Bankruptcy 
B)  Losses to creditors 
C)  Avoidance of losses to creditors 
D)  Failure of opportunity cost 
E)  Discontinuance 
A)  Bankruptcy 
B)  Losses to creditors 
C)  Avoidance of losses to creditors 
D)  Failure of opportunity cost 
E)  Discontinuance

Question 9

_____ is a system that integrates multiple business functions from purchasing to sales, billings, accounting records, and payroll.

Accepted Answer

Enterprise

Question 10

Failure to properly plan cash flow is one of the leading causes for small business failure.

Accepted Answer

A) True 
 B)False

Question 11

There is a greater willingness by employees to report misconduct if they observe the business's leaders modeling ethical behavior.

Accepted Answer

A) True 
 B)False

Question 12

If innovation is lacking, risk aversion is prevalent, and the entrepreneurial spirit is gone, a business may exhibit stalled or halted growth. This is referred to as:

Accepted Answer

A)  the end of the organizational life cycle 
B)  deterioration 
C)  business mummification 
D)  ossification 
E)  desecration 
A)  the end of the organizational life cycle 
B)  deterioration 
C)  business mummification 
D)  ossification 
E)  desecration

Question 13

The changes that occur in organizations have a predictable pattern.

Accepted Answer

A) True 
 B)False

Question 14

Fred Adler, a venture capitalist, said that, "Happiness is a positive _____."

Accepted Answer

The answer of Fred Adler, a venture capitalist, said that,...

Question 15

The explosive rise of big businesses in America didn't occur until

Accepted Answer

A)  the period immediately after the Revolution 
B)  the inauguration of Thomas Jefferson 
C)  the Era of Jackson 
D)  the post Civil War era 
E)  World War II 
A)  the period immediately after the Revolution 
B)  the inauguration of Thomas Jefferson 
C)  the Era of Jackson 
D)  the post Civil War era 
E)  World War II

Question 16

The concept that corporations have "personhood" was written into the very beginning of the Constitution.

Accepted Answer

A) True 
 B)False

Question 17

What are total customer benefits?

Accepted Answer

Total customer benefits are the perceive

Question 18

It has been estimated that two thirds of business failures are due to the incompetence of the owner - manager.

Accepted Answer

A) True 
 B)False

Question 19

Why do you think the small business administration defines small business differently in some industries?

Accepted Answer

The small business administration recogn

Question 20

The _____ stage of the small business growth stages is when a business owner risks all resources in financing growth.

Accepted Answer

success-gr

In 2008, the dollar value of total US exports represented by small business firms were approximately

The Robinson-Patman Act of 1936 and the Miller-Tydings Act of 1937 were designed to protect small retailers.

The Small Business Administration (SBA) runs a program which has more than 12,000 volunteers who assist small firms with counseling and training. This program is

Twenty-first century small businesses should maintain an intense focus on three major themes:

One of the costs of unethical behavior is the loss of physical assets.

Which of the following applies to ethics?

The form of business failure that is attributable to the owner dying or simply choosing to discontinue operations is known as

The form of business failure in which the owner recognizes that the business isn't generating sufficient returns to warrant the effort to continue operations is known as

_____ is a system that integrates multiple business functions from purchasing to sales, billings, accounting records, and payroll.

Failure to properly plan cash flow is one of the leading causes for small business failure.

There is a greater willingness by employees to report misconduct if they observe the business's leaders modeling ethical behavior.

If innovation is lacking, risk aversion is prevalent, and the entrepreneurial spirit is gone, a business may exhibit stalled or halted growth. This is referred to as:

The changes that occur in organizations have a predictable pattern.

Fred Adler, a venture capitalist, said that, "Happiness is a positive _____."

The explosive rise of big businesses in America didn't occur until

The concept that corporations have "personhood" was written into the very beginning of the Constitution.

What are total customer benefits?

It has been estimated that two thirds of business failures are due to the incompetence of the owner - manager.

Why do you think the small business administration defines small business differently in some industries?

The _____ stage of the small business growth stages is when a business owner risks all resources in financing growth.

Your Business Idea: the Quest for Value

Family Businesses

E-Business and E-Commerce

The Business Plan

Marketing Basics

Marketing Strategy

The Marketing Plan

Accounting and Cash Flow

Financial Management

Supply Chain Management: You Better Get It Right

People and Organization

The Search for Efficiency and Effectiveness

Icebergs and Escapes

Going Global: Yes or No

Filters

Exam 1: Foundations for Small Business

In 2008, the dollar value of total US exports represented by small business firms were approximately

The Robinson-Patman Act of 1936 and the Miller-Tydings Act of 1937 were designed to protect small retailers.

The Small Business Administration (SBA) runs a program which has more than 12,000 volunteers who assist small firms with counseling and training. This program is

Twenty-first century small businesses should maintain an intense focus on three major themes:

One of the costs of unethical behavior is the loss of physical assets.

Which of the following applies to ethics?

The form of business failure that is attributable to the owner dying or simply choosing to discontinue operations is known as

The form of business failure in which the owner recognizes that the business isn't generating sufficient returns to warrant the effort to continue operations is known as

_____ is a system that integrates multiple business functions from purchasing to sales, billings, accounting records, and payroll.

Failure to properly plan cash flow is one of the leading causes for small business failure.

There is a greater willingness by employees to report misconduct if they observe the business's leaders modeling ethical behavior.

If innovation is lacking, risk aversion is prevalent, and the entrepreneurial spirit is gone, a business may exhibit stalled or halted growth. This is referred to as:

The changes that occur in organizations have a predictable pattern.

Fred Adler, a venture capitalist, said that, "Happiness is a positive _____."

The explosive rise of big businesses in America didn't occur until

The concept that corporations have "personhood" was written into the very beginning of the Constitution.

What are total customer benefits?

It has been estimated that two thirds of business failures are due to the incompetence of the owner - manager.

Why do you think the small business administration defines small business differently in some industries?

The _____ stage of the small business growth stages is when a business owner risks all resources in financing growth.

Your Business Idea: the Quest for Value

Family Businesses

E-Business and E-Commerce

The Business Plan

Marketing Basics

Marketing Strategy

The Marketing Plan

Accounting and Cash Flow

Financial Management

Supply Chain Management: You Better Get It Right

People and Organization

The Search for Efficiency and Effectiveness

Icebergs and Escapes

Going Global: Yes or No

Filters