Question 1

_____ is a firm's lifeblood.

Accepted Answer

The answer of _____ is a firm's lifeblood....

Question 2

Customer value is the difference between the benefits that a customer receives from a product or a service and the costs associated with obtaining that product or service.

Accepted Answer

A) True 
 B)False

Question 3

In comparison to small business owner, some "entrepreneurs" will place more emphasis on growth in their definition of success.

Accepted Answer

A) True 
 B)False

Question 4

What is the difference between e-business and e-commerce?

Accepted Answer

E-business uses the Internet and online

Question 5

The _____ specifically acknowledges that organizations go through different life cycles, just like people do.

Accepted Answer

organizati

Question 6

Why might smaller firms have an advantage with respect to being more innovative?

Accepted Answer

Small businesses might have an advantage

Question 7

The Small Business Administration (SBA) puts the number of small businesses at 99.7 percent of the total number of businesses.

Accepted Answer

A) True 
 B)False

Question 8

Evidence shows that the vast majority of small businesses will survive their first five years of operation.

Accepted Answer

A) True 
 B)False

Question 9

Why do small business owners find themselves confronted more often with ethical choices?

Accepted Answer

Small business owners find themselves co

Question 10

Only some of the stages of business evolution will be characterized by different requirements, opportunities, challenges, risks, and internal and external threats.

Accepted Answer

A) True 
 B)False

Question 11

The most small business owners one of the prime rewards of operating their own business is the desire for ___________________.

Accepted Answer

The answer of The most small business owners one of...

Question 12

Business ethics are relevant to which of the following aspects of business conduct?

Accepted Answer

A)  Workplace issues 
B)  Product and brand 
C)  Corporate wrong doing 
D)  Professional ethics 
E)  All of the above 
A)  Workplace issues 
B)  Product and brand 
C)  Corporate wrong doing 
D)  Professional ethics 
E)  All of the above

Question 13

There are two types of accounting systems, cash based and:

Accepted Answer

A)  incremental 
B)  gradual 
C)  accrual 
D)  regressive 
E)  progressive 
A)  incremental 
B)  gradual 
C)  accrual 
D)  regressive 
E)  progressive

Question 14

The term business failure can be broken down into five different types. These being: __________, __________, _________, __________ and _________ .

Accepted Answer

discontinuance, avoidance of l

Question 15

When a small business is faced with an ethical dilemma, the decision may be unduly influenced by profits and legality.

Accepted Answer

A) True 
 B)False

Question 16

The small business growth stages are applicable to all small businesses.

Accepted Answer

A) True 
 B)False

Question 17

The purchase of the Small Business Administration (SBA) is to find and punish wrong doings by smaller businesses.

Accepted Answer

A) True 
 B)False

Question 18

Ethics are synonymous with the law.

Accepted Answer

A) True 
 B)False

Question 19

In this stage of small business growth the business is viable, and the focus shifts to revenues and expenses.

Accepted Answer

A)  Existence 
B)  Success 
C)  Take-off 
D)  Survival 
E)  Success-growth substage 
A)  Existence 
B)  Success 
C)  Take-off 
D)  Survival 
E)  Success-growth substage

Question 20

Ethical behavior in business improves the workplace climate and will ultimately improve the bottom line.

Accepted Answer

A) True 
 B)False

_____ is a firm's lifeblood.

Customer value is the difference between the benefits that a customer receives from a product or a service and the costs associated with obtaining that product or service.

In comparison to small business owner, some "entrepreneurs" will place more emphasis on growth in their definition of success.

What is the difference between e-business and e-commerce?

The _____ specifically acknowledges that organizations go through different life cycles, just like people do.

Why might smaller firms have an advantage with respect to being more innovative?

The Small Business Administration (SBA) puts the number of small businesses at 99.7 percent of the total number of businesses.

Evidence shows that the vast majority of small businesses will survive their first five years of operation.

Why do small business owners find themselves confronted more often with ethical choices?

Only some of the stages of business evolution will be characterized by different requirements, opportunities, challenges, risks, and internal and external threats.

The most small business owners one of the prime rewards of operating their own business is the desire for ___________________.

Business ethics are relevant to which of the following aspects of business conduct?

There are two types of accounting systems, cash based and:

The term business failure can be broken down into five different types. These being: ____, , _, and ___ .

When a small business is faced with an ethical dilemma, the decision may be unduly influenced by profits and legality.

The small business growth stages are applicable to all small businesses.

The purchase of the Small Business Administration (SBA) is to find and punish wrong doings by smaller businesses.

Ethics are synonymous with the law.

In this stage of small business growth the business is viable, and the focus shifts to revenues and expenses.

Ethical behavior in business improves the workplace climate and will ultimately improve the bottom line.

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

_____ is a firm's lifeblood.

Customer value is the difference between the benefits that a customer receives from a product or a service and the costs associated with obtaining that product or service.

In comparison to small business owner, some "entrepreneurs" will place more emphasis on growth in their definition of success.

What is the difference between e-business and e-commerce?

The _____ specifically acknowledges that organizations go through different life cycles, just like people do.

Why might smaller firms have an advantage with respect to being more innovative?

The Small Business Administration (SBA) puts the number of small businesses at 99.7 percent of the total number of businesses.

Evidence shows that the vast majority of small businesses will survive their first five years of operation.

Why do small business owners find themselves confronted more often with ethical choices?

Only some of the stages of business evolution will be characterized by different requirements, opportunities, challenges, risks, and internal and external threats.

The most small business owners one of the prime rewards of operating their own business is the desire for ___________________.

Business ethics are relevant to which of the following aspects of business conduct?

There are two types of accounting systems, cash based and:

The term business failure can be broken down into five different types. These being: __________, __________, _________, __________ and _________ .

When a small business is faced with an ethical dilemma, the decision may be unduly influenced by profits and legality.

The small business growth stages are applicable to all small businesses.

The purchase of the Small Business Administration (SBA) is to find and punish wrong doings by smaller businesses.

Ethics are synonymous with the law.

In this stage of small business growth the business is viable, and the focus shifts to revenues and expenses.

Ethical behavior in business improves the workplace climate and will ultimately improve the bottom line.

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

The term business failure can be broken down into five different types. These being: ____, , _, and ___ .