Question 1

The advantage of consignment approaches is that they permit full-time sales with only a part-time involvement from the owner.

Accepted Answer

A) True 
 B)False

Question 2

For part-time businesses,_____ refers to the documented permission from the government to run a business.

Accepted Answer

A)  covenants 
B)  aggrandizing 
C)  licensing 
D)  zoning 
A)  covenants 
B)  aggrandizing 
C)  licensing 
D)  zoning

Question 3

_____ price is a minimum acceptable selling price in an auction.

Accepted Answer

A)  Absolute 
B)  Reserve 
C)  Forward 
D)  Small-value 
A)  Absolute 
B)  Reserve 
C)  Forward 
D)  Small-value

Question 4

Define aggrandizing and explain why it is a situation in which part-time entrepreneurs are at an ethical risk.What is the most common form of aggrandizing?

Accepted Answer

Aggrandizing is attempting to make your

Question 5

Cannibalizing is one of the major concerns when _____.

Accepted Answer

A)  moonlighting 
B)  aggrandizing 
C)  outsourcing 
D)  multichannel marketing 
A)  moonlighting 
B)  aggrandizing 
C)  outsourcing 
D)  multichannel marketing

Question 6

The more time and energy one spends preparing for a small-scale part-time business,the longer it takes to make a profit.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is true with regard to the consignment approach of selling?

Accepted Answer

A)  They permit full-time sales only with full-time involvement from a person. 
B)  They are high-risk level undertakings. 
C)  They have low profitability because of agent's fees. 
D)  They have no flexibility despite variety of consignment agents and agencies available. 
A)  They permit full-time sales only with full-time involvement from a person. 
B)  They are high-risk level undertakings. 
C)  They have low profitability because of agent's fees. 
D)  They have no flexibility despite variety of consignment agents and agencies available.

Question 8

Which of the following represents a disadvantage of the consignment approach?

Accepted Answer

A)  Availability of different consignment stores and auctions 
B)  Long amount of time before payouts 
C)  Full-time sales with only a part-time involvement from the owner 
D)  High setup costs 
A)  Availability of different consignment stores and auctions 
B)  Long amount of time before payouts 
C)  Full-time sales with only a part-time involvement from the owner 
D)  High setup costs

Question 9

Which of the following activities mimics multilevel marketing?

Accepted Answer

A)  Forward networking 
B)  Reserved auctioning 
C)  Counterfeit catalog selling 
D)  Illegal pyramid schemes 
A)  Forward networking 
B)  Reserved auctioning 
C)  Counterfeit catalog selling 
D)  Illegal pyramid schemes

Question 10

Which of the following is true of the eBay website?

Accepted Answer

A)  The eBay method of auctioning means one pays a fee for posting his or her product and a sales fee based on the final bid price when the item sells. 
B)  Most online transactions use a credit card or an online payment system like PayMate,which originated as a division of eBay. 
C)  eBay does not allow buyers and sellers any anonymity. 
D)  On eBay,one can list a single item for sale only by creating a website to support his or her effort. 
A)  The eBay method of auctioning means one pays a fee for posting his or her product and a sales fee based on the final bid price when the item sells. 
B)  Most online transactions use a credit card or an online payment system like PayMate,which originated as a division of eBay. 
C)  eBay does not allow buyers and sellers any anonymity. 
D)  On eBay,one can list a single item for sale only by creating a website to support his or her effort.

Question 11

Why are part-time businesses important? Explain.

Accepted Answer

People working for themselves for less t

Question 12

Part-time entrepreneurs should separate and balance business and home.This separation and balance is pertinent to which aspect of the BRIE model?

Accepted Answer

A)  Exchange 
B)  Intention 
C)  Boundary 
D)  Resources 
A)  Exchange 
B)  Intention 
C)  Boundary 
D)  Resources

Question 13

Most entrepreneurs start out working part time on their new business.

Accepted Answer

A) True 
 B)False

Question 14

Pricing is not seen as a challenge by part-time businesses.

Accepted Answer

A) True 
 B)False

Question 15

The majority of part-time businesses are based in the home.

Accepted Answer

A) True 
 B)False

Question 16

Cathy has created a website for her shop of homemade chocolates and scented candles.Apart from traditional retailing,she sends e-mails to the people in her neighborhood.She also informs customers about various promotional offers through pamphlets.Which of the following techniques best describes Cathy's overall marketing method?

Accepted Answer

A)  Embedded marketing 
B)  Digital marketing 
C)  Multichannel marketing 
D)  Word-of-mouth marketing 
A)  Embedded marketing 
B)  Digital marketing 
C)  Multichannel marketing 
D)  Word-of-mouth marketing

Question 17

When running a part-time business,there are two key groups outside your business with whom you must deal - customers and _________.

Accepted Answer

A)  suppliers 
B)  investors 
C)  financial institutions 
D)  government 
A)  suppliers 
B)  investors 
C)  financial institutions 
D)  government

Question 18

There are two key groups outside one's business with which one must deal-customers and investors.

Accepted Answer

A) True 
 B)False

Question 19

In deciding whether to make the move from part-time to full time entrepreneurship,the key question is usually government regulations.

Accepted Answer

A) True 
 B)False

Question 20

For new entrepreneurs,which of the following would be a good reason to undertake a part-time business first before a full-time one?

Accepted Answer

A)  To buy an existing business 
B)  To gain basic experience 
C)  To open a franchise 
D)  To increase competition in a specific industry 
A)  To buy an existing business 
B)  To gain basic experience 
C)  To open a franchise 
D)  To increase competition in a specific industry

The advantage of consignment approaches is that they permit full-time sales with only a part-time involvement from the owner.

For part-time businesses,_____ refers to the documented permission from the government to run a business.

_____ price is a minimum acceptable selling price in an auction.

Define aggrandizing and explain why it is a situation in which part-time entrepreneurs are at an ethical risk.What is the most common form of aggrandizing?

Cannibalizing is one of the major concerns when _____.

The more time and energy one spends preparing for a small-scale part-time business,the longer it takes to make a profit.

Which of the following is true with regard to the consignment approach of selling?

Which of the following represents a disadvantage of the consignment approach?

Which of the following activities mimics multilevel marketing?

Which of the following is true of the eBay website?

Why are part-time businesses important? Explain.

Part-time entrepreneurs should separate and balance business and home.This separation and balance is pertinent to which aspect of the BRIE model?

Most entrepreneurs start out working part time on their new business.

Pricing is not seen as a challenge by part-time businesses.

The majority of part-time businesses are based in the home.

When running a part-time business,there are two key groups outside your business with whom you must deal - customers and _________.

There are two key groups outside one's business with which one must deal-customers and investors.

In deciding whether to make the move from part-time to full time entrepreneurship,the key question is usually government regulations.

For new entrepreneurs,which of the following would be a good reason to undertake a part-time business first before a full-time one?

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

Filters

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

The advantage of consignment approaches is that they permit full-time sales with only a part-time involvement from the owner.

For part-time businesses,_____ refers to the documented permission from the government to run a business.

_____ price is a minimum acceptable selling price in an auction.

Define aggrandizing and explain why it is a situation in which part-time entrepreneurs are at an ethical risk.What is the most common form of aggrandizing?

Cannibalizing is one of the major concerns when _____.

The more time and energy one spends preparing for a small-scale part-time business,the longer it takes to make a profit.

Which of the following is true with regard to the consignment approach of selling?

Which of the following represents a disadvantage of the consignment approach?

Which of the following activities mimics multilevel marketing?

Which of the following is true of the eBay website?

Why are part-time businesses important? Explain.

Part-time entrepreneurs should separate and balance business and home.This separation and balance is pertinent to which aspect of the BRIE model?

Most entrepreneurs start out working part time on their new business.

Pricing is not seen as a challenge by part-time businesses.

The majority of part-time businesses are based in the home.

When running a part-time business,there are two key groups outside your business with whom you must deal - customers and _________.

There are two key groups outside one's business with which one must deal-customers and investors.

In deciding whether to make the move from part-time to full time entrepreneurship,the key question is usually government regulations.

For new entrepreneurs,which of the following would be a good reason to undertake a part-time business first before a full-time one?

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

Filters