Exam 1: Foundations for Small Business
Exam 1: Foundations for Small Business103 Questions
Exam 2: Your Business Idea: the Quest for Value95 Questions
Exam 3: Family Businesses128 Questions
Exam 4: E-Business and E-Commerce103 Questions
Exam 5: The Business Plan108 Questions
Exam 6: Marketing Basics91 Questions
Exam 7: Marketing Strategy100 Questions
Exam 8: The Marketing Plan97 Questions
Exam 9: Accounting and Cash Flow99 Questions
Exam 10: Financial Management95 Questions
Exam 11: Supply Chain Management: You Better Get It Right95 Questions
Exam 12: People and Organization96 Questions
Exam 13: The Search for Efficiency and Effectiveness99 Questions
Exam 14: Icebergs and Escapes90 Questions
Exam 15: Going Global: Yes or No92 Questions
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The e-environment refers to the digital environment in which all companies compete.
(True/False)
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Some small businesses may stick with the very simple organizational structures because they are not interested in growing to the point where more complicated structures are required.
(True/False)
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In comparison to small-business owners entrepreneurs are much more interested in the ____________ of their business.
(Short Answer)
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_____ refers to trying to receive customer payments as quickly as possible.
a. Liquidity
b. Enterprise resource planning
c. Resource management
d. Receivables management
e. Debt collection
(Short Answer)
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The only definition of success for the small business owner and the entrepreneur is the generation of large profits.
(True/False)
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Why might some businesses stick with the very simple organizational structures?
(Essay)
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_____ are enduring beliefs that a given behavior or outcome is desirable or good.
(Multiple Choice)
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Which of the following is NOT true about developing an ethics policy?
(Multiple Choice)
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_____ are important because they provide structure and stabilization for society.
(Short Answer)
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For the period 1993 to 2008 small businesses were responsible for 65 percent of net new jobs.
(True/False)
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An important element of the definition of success for small business owners is that they seek to be free and independent.
(True/False)
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Discuss the kinds of positive work experiences that employees have who work in companies with active ethics programs, observe leaders modeling ethical behavior, and see honesty, respect, and trust applied frequently in the workplace.
(Essay)
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Establishing an _____ is critical for creating an ethical work environment.
(Short Answer)
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According to the text, what is one way of making a distinction between entrepreneurs and small business owners?
(Essay)
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In this stage of business growth the business becomes increasingly complex. The owner must decide how to grow rapidly and finance growth.
(Multiple Choice)
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