Question 1

Which of the following is the leading cause of today's small business failures?

Accepted Answer

A) management shortcomings 
B) poor products and/or services 
C) no marketing plan 
D) excess government regulation 
A) management shortcomings 
B) poor products and/or services 
C) no marketing plan 
D) excess government regulation

Question 2

MATCHING
Complete the following using the terms listed.
-The governing body of a corporation is called a _____.

Accepted Answer

A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)  
A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)

Question 3

Large firms often have the resources to recruit specialists in areas such as marketing and finance,whereas the owner of a small business often must wear many hats.

Accepted Answer

A) True 
 B)False

Question 4

Provide an example of how innovation drives small business.

Accepted Answer

Responses will vary

Question 5

MATCHING
Complete the following using the terms listed.
-A merger of firms in unrelated industries is called a(n)_____.

Accepted Answer

A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)  
A) sole proprietorship 
B) small business 
C) C corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)microloan
I)vertical merger
J)joint venture
K)board of directors
L)stockholder
M)preferred stock
N)Small Business Administration (SB
A)

Which of the following is the leading cause of today's small business failures?

MATCHING Complete the following using the terms listed. -The governing body of a corporation is called a _____.

Large firms often have the resources to recruit specialists in areas such as marketing and finance,whereas the owner of a small business often must wear many hats.

Provide an example of how innovation drives small business.

MATCHING Complete the following using the terms listed. -A merger of firms in unrelated industries is called a(n)_____.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 5: Small Business and Forms of Business Ownership

Which of the following is the leading cause of today's small business failures?

MATCHING Complete the following using the terms listed. -The governing body of a corporation is called a _____.

Large firms often have the resources to recruit specialists in areas such as marketing and finance,whereas the owner of a small business often must wear many hats.

Provide an example of how innovation drives small business.

MATCHING Complete the following using the terms listed. -A merger of firms in unrelated industries is called a(n)_____.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters