Question 1

Working on one's own part-time business after a regular job is referred to as:

Accepted Answer

A)  moonlighting. 
B)  pop-up business. 
C)  outsourcing. 
D)  licensing. 
A)  moonlighting. 
B)  pop-up business. 
C)  outsourcing. 
D)  licensing.

Question 2

There are many options if you do not want to start your business inside your home.Which of the following in not one of those options?

Accepted Answer

A)  A separate room with a door. 
B)  An executive office. 
C)  A virtual office. 
D)  An incubator. 
A)  A separate room with a door. 
B)  An executive office. 
C)  A virtual office. 
D)  An incubator.

Question 3

Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school,where he taught karate to teenagers.After an year,he closed the school and joined an advertising firm.After two years,he quit the advertising firm and became self-employed as a freelance music composer.Which of the following terms indicates the changes in Andrew's employment structure?

Accepted Answer

A)  Volatility 
B)  Adverse possession 
C)  Pop-up business 
D)  Easement 
A)  Volatility 
B)  Adverse possession 
C)  Pop-up business 
D)  Easement

Question 4

All of the following are situations in which it might make better sense to undertake a part-time business except:

Accepted Answer

A)  when someone is new to business and needs to gain basic experience. 
B)  when someone lacks resources to pursue a full-scale business. 
C)  when there is a narrow window of opportunity. 
D)  when there is too much competition. 
A)  when someone is new to business and needs to gain basic experience. 
B)  when someone lacks resources to pursue a full-scale business. 
C)  when there is a narrow window of opportunity. 
D)  when there is too much competition.

Question 5

When deciding whether to take a business from part-time to full-time,the key question is usually ___________.

Accepted Answer

A)  financial 
B)  time management 
C)  based on customer approval 
D)  family approval 
A)  financial 
B)  time management 
C)  based on customer approval 
D)  family approval

Question 6

In what ways do small part-time businesses need to deal with government? Explain.

Accepted Answer

There are two key groups outside busines

Question 7

All of the following are reasons for the large numbers of home-based businesses in the United States except that:

Accepted Answer

A)  the idea that a customer knows where the entrepreneur lives can be a point in favor of trusting in the potential permanence of the firm. 
B)  it is inexpensive,since the owner's residence is his or her office. 
C)  they generally give customers the strongest sense of legitimacy. 
D)  one can get their business going where he or she lives. 
A)  the idea that a customer knows where the entrepreneur lives can be a point in favor of trusting in the potential permanence of the firm. 
B)  it is inexpensive,since the owner's residence is his or her office. 
C)  they generally give customers the strongest sense of legitimacy. 
D)  one can get their business going where he or she lives.

Question 8

Explain situations in which it would it be better to first undertake a part-time business.

Accepted Answer

There are three situations in which it w

Question 9

Which of the following is true with regard to home-based businesses in the United States?

Accepted Answer

A)  Home-based businesses are specific only to making furniture,toys,clothing,or food. 
B)  Home-based businesses give U.S.customers the strongest sense of legitimacy. 
C)  Home-based businesses in the United States represent only 5 percent of all firms. 
D)  Home-based businesses are inexpensive and quick to start. 
A)  Home-based businesses are specific only to making furniture,toys,clothing,or food. 
B)  Home-based businesses give U.S.customers the strongest sense of legitimacy. 
C)  Home-based businesses in the United States represent only 5 percent of all firms. 
D)  Home-based businesses are inexpensive and quick to start.

Question 10

The assignment of work to others over whom one has power is referred to as:

Accepted Answer

A)  delegation. 
B)  adverse possession. 
C)  aggrandizing. 
D)  zoning. 
A)  delegation. 
B)  adverse possession. 
C)  aggrandizing. 
D)  zoning.

Question 11

Aggrandizing refers to taking business away from your employer.

Accepted Answer

A) True 
 B)False

Question 12

A web page in which entries are posted in reverse chronological order is a known as a:

Accepted Answer

A)  blog. 
B)  variance. 
C)  search engine. 
D)  push service. 
A)  blog. 
B)  variance. 
C)  search engine. 
D)  push service.

Question 13

When pursuing a part-time entrepreneurship,there are usually two major questions: What kind of product or service do you want to offer and how do you want to organize your part-time business.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following best describes conflict of interest?

Accepted Answer

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

Question 15

Why are websites important even for small businesses?

Accepted Answer

Most small businesses-even part-time one

Question 16

In _____ sales,one firm sells to another firm.

Accepted Answer

A)  business-to-business (B2
B)  
B)  business-to-consumer (B2
C)  
C)  consumer-to-consumer (C2
C)  
D)  business-to-Internet (B2I) 
A)  business-to-business (B2
B)  
B)  business-to-consumer (B2
C)  
C)  consumer-to-consumer (C2
C)  
D)  business-to-Internet (B2I)

Question 17

When comparing the size of U.S.industries by major sector,which industry had the greatest number of establishments and size?

Accepted Answer

A)  Professional and business services 
B)  Construction 
C)  Retail trade 
D)  Education and health care 
A)  Professional and business services 
B)  Construction 
C)  Retail trade 
D)  Education and health care

Question 18

In door-to-door selling,_____ refers to getting the customer to agree to buy.

Accepted Answer

A)  opening 
B)  promoting 
C)  auctioning 
D)  closing 
A)  opening 
B)  promoting 
C)  auctioning 
D)  closing

Question 19

Which of the following is a reason why more new businesses start on a part-time basis?

Accepted Answer

A)  The cost of entry and exit is low. 
B)  There is lack of volatility. 
C)  There is a broad window of opportunity. 
D)  The part-time workforce is very small. 
A)  The cost of entry and exit is low. 
B)  There is lack of volatility. 
C)  There is a broad window of opportunity. 
D)  The part-time workforce is very small.

Question 20

An approach to selling in which the salesperson recruits customers to become distributors of the product or service to others is known as _____.

Accepted Answer

A)  network marketing 
B)  auctioning 
C)  catalog selling 
D)  online marketing 
A)  network marketing 
B)  auctioning 
C)  catalog selling 
D)  online marketing

Working on one's own part-time business after a regular job is referred to as:

There are many options if you do not want to start your business inside your home.Which of the following in not one of those options?

All of the following are situations in which it might make better sense to undertake a part-time business except:

When deciding whether to take a business from part-time to full-time,the key question is usually ___________.

In what ways do small part-time businesses need to deal with government? Explain.

All of the following are reasons for the large numbers of home-based businesses in the United States except that:

Explain situations in which it would it be better to first undertake a part-time business.

Which of the following is true with regard to home-based businesses in the United States?

The assignment of work to others over whom one has power is referred to as:

Aggrandizing refers to taking business away from your employer.

A web page in which entries are posted in reverse chronological order is a known as a:

When pursuing a part-time entrepreneurship,there are usually two major questions: What kind of product or service do you want to offer and how do you want to organize your part-time business.

Which of the following best describes conflict of interest?

Why are websites important even for small businesses?

In _____ sales,one firm sells to another firm.

When comparing the size of U.S.industries by major sector,which industry had the greatest number of establishments and size?

In door-to-door selling,_____ refers to getting the customer to agree to buy.

Which of the following is a reason why more new businesses start on a part-time basis?

An approach to selling in which the salesperson recruits customers to become distributors of the product or service to others is known as _____.

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

Working on one's own part-time business after a regular job is referred to as:

There are many options if you do not want to start your business inside your home.Which of the following in not one of those options?

All of the following are situations in which it might make better sense to undertake a part-time business except:

When deciding whether to take a business from part-time to full-time,the key question is usually ___________.

In what ways do small part-time businesses need to deal with government? Explain.

All of the following are reasons for the large numbers of home-based businesses in the United States except that:

Explain situations in which it would it be better to first undertake a part-time business.

Which of the following is true with regard to home-based businesses in the United States?

The assignment of work to others over whom one has power is referred to as:

Aggrandizing refers to taking business away from your employer.

A web page in which entries are posted in reverse chronological order is a known as a:

When pursuing a part-time entrepreneurship,there are usually two major questions: What kind of product or service do you want to offer and how do you want to organize your part-time business.

Which of the following best describes conflict of interest?

Why are websites important even for small businesses?

In _____ sales,one firm sells to another firm.

When comparing the size of U.S.industries by major sector,which industry had the greatest number of establishments and size?

In door-to-door selling,_____ refers to getting the customer to agree to buy.

Which of the following is a reason why more new businesses start on a part-time basis?

An approach to selling in which the salesperson recruits customers to become distributors of the product or service to others is known as _____.

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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