Question 1

When the Canada Small Business Finance Program (CSBFP) assists a small business in applying for a major loan, it acts as the lender's ______.

Accepted Answer

A)  bank 
B)  savings and loan association 
C)  credit union 
D)  guarantor 
A)  bank 
B)  savings and loan association 
C)  credit union 
D)  guarantor

Question 2

A sole proprietor faces unlimited liability.

Accepted Answer

A) True 
 B)False

Question 3

Mention and explain at least three reasons why small business fail.

Accepted Answer

Small businesses fail for various reason

Question 4

The Hewlett Packard purchase of Compaq is an example of a conglomerate merger.

Accepted Answer

A) True 
 B)False

Question 5

Traditionally, small businesses tended to be concentrated in the ______ industry.

Accepted Answer

A)  service 
B)  goods-producing 
C)  manufacturing 
D)  forestry 
A)  service 
B)  goods-producing 
C)  manufacturing 
D)  forestry

Question 6

What services does the Business Development Bank of Canada (BDC) offer to business owners?

Accepted Answer

The Business Development Bank of Canada

Question 7

The death of a shareholder does NOT result in the death of the corporation.

Accepted Answer

A) True 
 B)False

Question 8

Distinguish between a vertical merger, a horizontal merger, and a conglomerate merger. Provide an example of each. Which is likely to receive the closest government scrutiny?

Accepted Answer

A vertical merger combines firms operati

Question 9

Commercial banks are considered to be financial cooperatives.

Accepted Answer

A) True 
 B)False

Question 10

Some cooperatives are created so that small producers can be more competitive in the marketplace.

Accepted Answer

A) True 
 B)False

Question 11

Small businesses are more likely than large businesses to employ older workers, but NOT younger ones.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is an advantage of a home-based business?

Accepted Answer

A)  less flexibility 
B)  greater visibility to customers 
C)  lower costs 
D)  isolation 
A)  less flexibility 
B)  greater visibility to customers 
C)  lower costs 
D)  isolation

Question 13

Which one of the following is NOT considered a not-for profit corporation?

Accepted Answer

A)  charitable groups 
B)  museums 
C)  crown corporations 
D)  hospitals 
A)  charitable groups 
B)  museums 
C)  crown corporations 
D)  hospitals

Question 14

Financial forecasts are almost impossible to determine for new businesses, and therefore omitted from the initial business plan.

Accepted Answer

A) True 
 B)False

Question 15

Twenty-first century innovations developed by small businesses include social networking sites and green energy industries.

Accepted Answer

A) True 
 B)False

Question 16

Preferred shareholders typically have voting rights.

Accepted Answer

A) True 
 B)False

Question 17

Although the average farm size has increased in recent years, the majority of farmers operate as ______ businesses.

Accepted Answer

A)  small 
B)  large 
C)  government-owned 
D)  partnerships 
A)  small 
B)  large 
C)  government-owned 
D)  partnerships

Question 18

Which of the following statements is true regarding employee-owned corporations?

Accepted Answer

A)  The number of employee-owned corporations is declining in North America. 
B)  Employee-owned corporations may not publicly trade their stock. 
C)  Employees buy shares of stock in the company that employs them. 
D)  Stock prices in employee corporations typically decrease. 
A)  The number of employee-owned corporations is declining in North America. 
B)  Employee-owned corporations may not publicly trade their stock. 
C)  Employees buy shares of stock in the company that employs them. 
D)  Stock prices in employee corporations typically decrease.

Question 19

A conglomerate merger is a merger of unrelated firms.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) sole proprietorship. 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger.
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising 
A) sole proprietorship. 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger.
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising

When the Canada Small Business Finance Program (CSBFP) assists a small business in applying for a major loan, it acts as the lender's ______.

A sole proprietor faces unlimited liability.

Mention and explain at least three reasons why small business fail.

The Hewlett Packard purchase of Compaq is an example of a conglomerate merger.

Traditionally, small businesses tended to be concentrated in the ______ industry.

What services does the Business Development Bank of Canada (BDC) offer to business owners?

The death of a shareholder does NOT result in the death of the corporation.

Distinguish between a vertical merger, a horizontal merger, and a conglomerate merger. Provide an example of each. Which is likely to receive the closest government scrutiny?

Commercial banks are considered to be financial cooperatives.

Some cooperatives are created so that small producers can be more competitive in the marketplace.

Small businesses are more likely than large businesses to employ older workers, but NOT younger ones.

Which of the following is an advantage of a home-based business?

Which one of the following is NOT considered a not-for profit corporation?

Financial forecasts are almost impossible to determine for new businesses, and therefore omitted from the initial business plan.

Twenty-first century innovations developed by small businesses include social networking sites and green energy industries.

Preferred shareholders typically have voting rights.

Although the average farm size has increased in recent years, the majority of farmers operate as ______ businesses.

Which of the following statements is true regarding employee-owned corporations?

A conglomerate merger is a merger of unrelated firms.

Complete the following using the terms listed below. -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: the Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour 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: Forms of Business Ownership and Organization

When the Canada Small Business Finance Program (CSBFP) assists a small business in applying for a major loan, it acts as the lender's ______.

A sole proprietor faces unlimited liability.

Mention and explain at least three reasons why small business fail.

The Hewlett Packard purchase of Compaq is an example of a conglomerate merger.

Traditionally, small businesses tended to be concentrated in the ______ industry.

What services does the Business Development Bank of Canada (BDC) offer to business owners?

The death of a shareholder does NOT result in the death of the corporation.

Distinguish between a vertical merger, a horizontal merger, and a conglomerate merger. Provide an example of each. Which is likely to receive the closest government scrutiny?

Commercial banks are considered to be financial cooperatives.

Some cooperatives are created so that small producers can be more competitive in the marketplace.

Small businesses are more likely than large businesses to employ older workers, but NOT younger ones.

Which of the following is an advantage of a home-based business?

Which one of the following is NOT considered a not-for profit corporation?

Financial forecasts are almost impossible to determine for new businesses, and therefore omitted from the initial business plan.

Twenty-first century innovations developed by small businesses include social networking sites and green energy industries.

Preferred shareholders typically have voting rights.

Although the average farm size has increased in recent years, the majority of farmers operate as ______ businesses.

Which of the following statements is true regarding employee-owned corporations?

A conglomerate merger is a merger of unrelated firms.

Complete the following using the terms listed below. -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: the Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour 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