Question 1

Most small businesses-even part-time ones-need to have a website regardless of whether or not they use it for actual sales.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following situations indicates that it makes better sense to first undertake a part-time business?

Accepted Answer

A)  Byron has a full-time business plan. 
B)  Jamie wants to start a franchise for an international brand. 
C)  Cathy has funds to start her own music school. 
D)  Damon wants to gain experience in the advertising industry. 
A)  Byron has a full-time business plan. 
B)  Jamie wants to start a franchise for an international brand. 
C)  Cathy has funds to start her own music school. 
D)  Damon wants to gain experience in the advertising industry. D

Question 3

In stand retail,the key success factor for a stand is:

Accepted Answer

A)  having a location where there is enough foot or vehicle traffic. 
B)  having a variable income. 
C)  having nonperishable sale items. 
D)  sharing with other businesses to minimize the high rent. 
A)  having a location where there is enough foot or vehicle traffic. 
B)  having a variable income. 
C)  having nonperishable sale items. 
D)  sharing with other businesses to minimize the high rent. A

Question 4

An auction in which the low bid gets the business or wins is known as a _____ auction.

Accepted Answer

A)  reserve 
B)  buyout 
C)  forward 
D)  reverse 
A)  reserve 
B)  buyout 
C)  forward 
D)  reverse

Question 5

Covenants are government specifications for acceptable use of land and buildings in particular areas.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is true with regard to home retail?

Accepted Answer

A)  The disadvantages of home businesses include the slow speed and difficulty of setup. 
B)  The ability to do the work away from home and employer minimizes potential conflicts. 
C)  The advantage of home retail is that it provides a high steady income. 
D)  The high cost of getting started is one of the drawbacks of home retail. 
A)  The disadvantages of home businesses include the slow speed and difficulty of setup. 
B)  The ability to do the work away from home and employer minimizes potential conflicts. 
C)  The advantage of home retail is that it provides a high steady income. 
D)  The high cost of getting started is one of the drawbacks of home retail.

Question 7

Which of the following is considered an advantage of stand retailing?

Accepted Answer

A)  Variable income 
B)  Minimum startup investment 
C)  Steady income 
D)  Strong customer base 
A)  Variable income 
B)  Minimum startup investment 
C)  Steady income 
D)  Strong customer base

Question 8

Primary disadvantages of stand retailing are that it requires a significant amount of capital and time investment.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following represents an advantage of the consignment approach?

Accepted Answer

A)  Full-time sales with only a part-time involvement from a person 
B)  High potential for competing offers 
C)  Less amount of time before payout 
D)  Complete lack of inventory 
A)  Full-time sales with only a part-time involvement from a person 
B)  High potential for competing offers 
C)  Less amount of time before payout 
D)  Complete lack of inventory

Question 10

Which of the following best describes aggrandizing?

Accepted Answer

A)  Ken uses the money he gets from his full-time job as a chef to run his part-time business of graphic designing. 
B)  Sarah works a full-time day job as a waitress and then runs a part-time baby-sitting service at night. 
C)  Jenson misses his deadlines at his full-time day job because he works late nights as a part-time music producer. 
D)  Cathy,who does computer repairs,lies to customers about having an office in a business park when she actually works part-time from her home. 
A)  Ken uses the money he gets from his full-time job as a chef to run his part-time business of graphic designing. 
B)  Sarah works a full-time day job as a waitress and then runs a part-time baby-sitting service at night. 
C)  Jenson misses his deadlines at his full-time day job because he works late nights as a part-time music producer. 
D)  Cathy,who does computer repairs,lies to customers about having an office in a business park when she actually works part-time from her home.

Question 11

Cannibalizing occurs when people do work for their part-time business while they are at their full-time job,blurring the boundary between them.

Accepted Answer

A) True 
 B)False

Question 12

_____ refers to working for 35 or fewer hours a week.

Accepted Answer

A)  Franchising 
B)  Full-time employment 
C)  Aggrandizing 
D)  Part-time employment 
A)  Franchising 
B)  Full-time employment 
C)  Aggrandizing 
D)  Part-time employment

Question 13

Delegation makes sense in two situations.The first is when others can do things better than you.Which of the following is the second situation in which delegation makes sense?

Accepted Answer

A)  When the task is complex and time consuming. 
B)  When there is not enough time to discuss the work,only the outcomes. 
C)  When there is only one location in which work is performed. 
D)  When you want your business to operate when you are not present. 
A)  When the task is complex and time consuming. 
B)  When there is not enough time to discuss the work,only the outcomes. 
C)  When there is only one location in which work is performed. 
D)  When you want your business to operate when you are not present.

Question 14

_____ is a general approach to website design intended to result in the site being displayed toward the beginning of a search engine's listing for that term.

Accepted Answer

A)  Sponsored link 
B)  Embedded placement 
C)  Trackback submitter 
D)  Search engine optimization 
A)  Sponsored link 
B)  Embedded placement 
C)  Trackback submitter 
D)  Search engine optimization

Question 15

Which of the following is true about RSS feeds?

Accepted Answer

A)  RSS feeds are used by all websites on the Internet to push content out to customers. 
B)  RSS feeds sends whatever web material is specified to subscribers to that feed. 
C)  RSS stands for "really simple sequence." 
D)  RSS feeds can be read in many browsers but not with special readers. 
A)  RSS feeds are used by all websites on the Internet to push content out to customers. 
B)  RSS feeds sends whatever web material is specified to subscribers to that feed. 
C)  RSS stands for "really simple sequence." 
D)  RSS feeds can be read in many browsers but not with special readers.

Question 16

The fundamental success factor in door-to-door selling is:

Accepted Answer

A)  closing the sale. 
B)  having a location with enough foot traffic. 
C)  approaching a "high-rent" district. 
D)  having a perishable product for sale. 
A)  closing the sale. 
B)  having a location with enough foot traffic. 
C)  approaching a "high-rent" district. 
D)  having a perishable product for sale.

Question 17

Which of the following is a free way to get one's name and business known?

Accepted Answer

A)  Through improving the search engine optimization of one's business 
B)  Tele marketing 
C)  Distributing business cards,stationery,printed newsletters,and brochures 
D)  Making informed comments on blogs and discussion forums related to one's business 
A)  Through improving the search engine optimization of one's business 
B)  Tele marketing 
C)  Distributing business cards,stationery,printed newsletters,and brochures 
D)  Making informed comments on blogs and discussion forums related to one's business

Question 18

Intellectual property refers to original works like inventions,visual and performing art works,books,and computer programs.

Accepted Answer

A) True 
 B)False

Question 19

All of the following are success factors to "stand retail" except that:

Accepted Answer

A)  it tends to be either semi-permanent ones or movable ones. 
B)  it needs to be built in places where there is less foot or vehicle traffic. 
C)  it can be quickly established. 
D)  it does not require a lot of investment in inventory. 
A)  it tends to be either semi-permanent ones or movable ones. 
B)  it needs to be built in places where there is less foot or vehicle traffic. 
C)  it can be quickly established. 
D)  it does not require a lot of investment in inventory.

Question 20

Which of the following is an example of part-time business?

Accepted Answer

A)  Tabatha,who works from home for a fashion website for a minimum of 40 hours a week 
B)  Raul,who works as an intern in a law firm for more than 35 hours a week 
C)  Dorothy,who works in her small bakery for less than 30 hours a week 
D)  Joshua,who teaches piano to children for 40 hours a week 
A)  Tabatha,who works from home for a fashion website for a minimum of 40 hours a week 
B)  Raul,who works as an intern in a law firm for more than 35 hours a week 
C)  Dorothy,who works in her small bakery for less than 30 hours a week 
D)  Joshua,who teaches piano to children for 40 hours a week

Most small businesses-even part-time ones-need to have a website regardless of whether or not they use it for actual sales.

Which of the following situations indicates that it makes better sense to first undertake a part-time business?

In stand retail,the key success factor for a stand is:

An auction in which the low bid gets the business or wins is known as a _____ auction.

Covenants are government specifications for acceptable use of land and buildings in particular areas.

Which of the following is true with regard to home retail?

Which of the following is considered an advantage of stand retailing?

Primary disadvantages of stand retailing are that it requires a significant amount of capital and time investment.

Which of the following represents an advantage of the consignment approach?

Which of the following best describes aggrandizing?

Cannibalizing occurs when people do work for their part-time business while they are at their full-time job,blurring the boundary between them.

_____ refers to working for 35 or fewer hours a week.

Delegation makes sense in two situations.The first is when others can do things better than you.Which of the following is the second situation in which delegation makes sense?

_____ is a general approach to website design intended to result in the site being displayed toward the beginning of a search engine's listing for that term.

Which of the following is true about RSS feeds?

The fundamental success factor in door-to-door selling is:

Which of the following is a free way to get one's name and business known?

Intellectual property refers to original works like inventions,visual and performing art works,books,and computer programs.

All of the following are success factors to "stand retail" except that:

Which of the following is an example of part-time business?

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Environment: Managing External Relations

Small Business Ideas: Creativity, opportunity, and Feasibility

Small Business Entry: Paths to Full-Time Entrepreneurship

Small Business Strategies: Imitation With a Twist

Business Plans: Seeing Audiences and Your Business Clearly

Small Business Marketing: Product and Pricing Strategies

Small Business Promotion: Capturing the Eyes of Your Market

Small Business Distribution and Location

Small Business Accounting: Projecting and Evaluating Performance

Cash: Lifeblood of the Business

Small Business Finance: Using Equity, debt, and Gifts

Assets: Inventory and Operations Management

Small Business Protection: Risk Management and Insurance

Legal Issues: Recognizing Your Small Business Needs

Human Resource Management: Small Business Considerations

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Exam 5: Small Business Entry: Paths to Part-Time Entrepreneurship

Most small businesses-even part-time ones-need to have a website regardless of whether or not they use it for actual sales.

Which of the following situations indicates that it makes better sense to first undertake a part-time business?

In stand retail,the key success factor for a stand is:

An auction in which the low bid gets the business or wins is known as a _____ auction.

Covenants are government specifications for acceptable use of land and buildings in particular areas.

Which of the following is true with regard to home retail?

Which of the following is considered an advantage of stand retailing?

Primary disadvantages of stand retailing are that it requires a significant amount of capital and time investment.

Which of the following represents an advantage of the consignment approach?

Which of the following best describes aggrandizing?

Cannibalizing occurs when people do work for their part-time business while they are at their full-time job,blurring the boundary between them.

_____ refers to working for 35 or fewer hours a week.

Delegation makes sense in two situations.The first is when others can do things better than you.Which of the following is the second situation in which delegation makes sense?

_____ is a general approach to website design intended to result in the site being displayed toward the beginning of a search engine's listing for that term.

Which of the following is true about RSS feeds?

The fundamental success factor in door-to-door selling is:

Which of the following is a free way to get one's name and business known?

Intellectual property refers to original works like inventions,visual and performing art works,books,and computer programs.

All of the following are success factors to "stand retail" except that:

Which of the following is an example of part-time business?

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Environment: Managing External Relations

Small Business Ideas: Creativity, opportunity, and Feasibility

Small Business Entry: Paths to Full-Time Entrepreneurship

Small Business Strategies: Imitation With a Twist

Business Plans: Seeing Audiences and Your Business Clearly

Small Business Marketing: Product and Pricing Strategies

Small Business Promotion: Capturing the Eyes of Your Market

Small Business Distribution and Location

Small Business Accounting: Projecting and Evaluating Performance

Cash: Lifeblood of the Business

Small Business Finance: Using Equity, debt, and Gifts

Assets: Inventory and Operations Management

Small Business Protection: Risk Management and Insurance

Legal Issues: Recognizing Your Small Business Needs

Human Resource Management: Small Business Considerations

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