Question 1

When deciding how to organize your part-time business,which of the following is not one of the three key considerations?

Accepted Answer

A)  The permanence of the business you are creating. 
B)  The customers you want to target with your new product or service. 
C)  The cost to start-up your new part-time business. 
D)  The time to start-up your business. 
A)  The permanence of the business you are creating. 
B)  The customers you want to target with your new product or service. 
C)  The cost to start-up your new part-time business. 
D)  The time to start-up your business.

Question 2

One of the ways to determine the financial situation of a business is by crafting a business plan.

Accepted Answer

A) True 
 B)False

Question 3

_____ refers to a situation when what is best for one's part-time business is different from what is best for his or her full-time employer.

Accepted Answer

A)  Cannibalizing 
B)  Aggrandizing 
C)  Conflict of interest 
D)  Poisoning the well 
A)  Cannibalizing 
B)  Aggrandizing 
C)  Conflict of interest 
D)  Poisoning the well

Question 4

A(n)_____ is a permission from a government organization to act differently than what the laws state.

Accepted Answer

A)  covenant 
B)  easement 
C)  variance 
D)  business pass 
A)  covenant 
B)  easement 
C)  variance 
D)  business pass

Question 5

Which of the following is true about business-to-business (B2B)transactions?

Accepted Answer

A)  For most people,the B2B market is visible and overexposed. 
B)  An example of a B2B transaction would be an individual buying a cell phone. 
C)  B2B involves electronically-facilitated transactions between consumers through a third party. 
D)  B2B e-commerce is larger than B2C e-commerce. 
A)  For most people,the B2B market is visible and overexposed. 
B)  An example of a B2B transaction would be an individual buying a cell phone. 
C)  B2B involves electronically-facilitated transactions between consumers through a third party. 
D)  B2B e-commerce is larger than B2C e-commerce.

Question 6

Which of the following is true of home businesses?

Accepted Answer

A)  It is very difficult to set up. 
B)  It requires a very high initial capital to start up. 
C)  It does not allow one to work away from his or her employer. 
D)  It provides highly variable income. 
A)  It is very difficult to set up. 
B)  It requires a very high initial capital to start up. 
C)  It does not allow one to work away from his or her employer. 
D)  It provides highly variable income.

Question 7

Government specifications for acceptable use of land and buildings in particular areas are called:

Accepted Answer

A)  licensing laws. 
B)  public utility laws. 
C)  property laws. 
D)  zoning laws. 
A)  licensing laws. 
B)  public utility laws. 
C)  property laws. 
D)  zoning laws.

Question 8

Which of the following part-time business approaches does the door-to-door model represent?

Accepted Answer

A)  Auctioning 
B)  Consignment tracking 
C)  Home retail 
D)  Mail order 
A)  Auctioning 
B)  Consignment tracking 
C)  Home retail 
D)  Mail order

Question 9

A listed,live connection to a different website,which in turn displays a similar link to the first website is called a(n):

Accepted Answer

A)  sponsored link. 
B)  reciprocal link. 
C)  back link. 
D)  incoming link. 
A)  sponsored link. 
B)  reciprocal link. 
C)  back link. 
D)  incoming link.

Question 10

The frequency of business starts and stops is referred to as:

Accepted Answer

A)  volatility. 
B)  aggrandizing. 
C)  part-time business. 
D)  adaptability. 
A)  volatility. 
B)  aggrandizing. 
C)  part-time business. 
D)  adaptability.

Question 11

The most typical form of aggrandizement in part-time businesses is:

Accepted Answer

A)  implying that a firm is a full-time one when it is only part time. 
B)  creating a positive impression among one's employers' customers. 
C)  working on own part-time business after regular job. 
D)  finding a low-cost or no-cost way to do something. 
A)  implying that a firm is a full-time one when it is only part time. 
B)  creating a positive impression among one's employers' customers. 
C)  working on own part-time business after regular job. 
D)  finding a low-cost or no-cost way to do something.

Question 12

_____ refers to a fee the service levels on a person or a firm for any variety of problems related to the sale.

Accepted Answer

A)  Payback 
B)  Overhead cost 
C)  Chargeback 
D)  Optional cost 
A)  Payback 
B)  Overhead cost 
C)  Chargeback 
D)  Optional cost

Question 13

Moonlighting refers to working on one's own part-time job after one's regular job.

Accepted Answer

A) True 
 B)False

Question 14

The limitations imposed on a business's property by neighborhood groups are referred to as:

Accepted Answer

A)  easements. 
B)  covenants. 
C)  volatilities. 
D)  aggrandizements. 
A)  easements. 
B)  covenants. 
C)  volatilities. 
D)  aggrandizements.

Question 15

The e-commerce industry grew at a steady rate for several years but has now stopped growing and has leveled off.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is true about a hosting package?

Accepted Answer

A)  It should include at least 1 terabyte of traffic a month for an informational site. 
B)  It should give at least five web pages of space to tell a story. 
C)  It should include at least two e-mail accounts using ones domain name. 
D)  It should include an online website editor so one can make changes to his or her site without buying web-authoring software. 
A)  It should include at least 1 terabyte of traffic a month for an informational site. 
B)  It should give at least five web pages of space to tell a story. 
C)  It should include at least two e-mail accounts using ones domain name. 
D)  It should include an online website editor so one can make changes to his or her site without buying web-authoring software.

Question 17

__________ is the crucial skill needed for juggling your part-time business and the rest of your life.

Accepted Answer

A)  Volatility 
B)  Permanence 
C)  Time management 
D)  Variance 
A)  Volatility 
B)  Permanence 
C)  Time management 
D)  Variance

Question 18

_____ refers to creating a negative impression among one's employers' customers.

Accepted Answer

A)  Permanence 
B)  Cannibalizing 
C)  Aggrandizing 
D)  Poisoning the well 
A)  Permanence 
B)  Cannibalizing 
C)  Aggrandizing 
D)  Poisoning the well

Question 19

One of the most ancient forms of small business is:

Accepted Answer

A)  stand retailing. 
B)  auctioning. 
C)  mail order. 
D)  licensing. 
A)  stand retailing. 
B)  auctioning. 
C)  mail order. 
D)  licensing.

Question 20

Which of the following best describes cannibalizing?

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)  Mandy uses her employer's client list from her full-time job as a house painter to get customers for her own part-time house painting business. 
C)  Cathy,who does computer repairs,lies to customers about having an office downtown when she actually works part-time from her home. 
D)  Jenson misses his deadlines at his full-time day job because he works late nights as a part-time music producer. 
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)  Mandy uses her employer's client list from her full-time job as a house painter to get customers for her own part-time house painting business. 
C)  Cathy,who does computer repairs,lies to customers about having an office downtown when she actually works part-time from her home. 
D)  Jenson misses his deadlines at his full-time day job because he works late nights as a part-time music producer.

When deciding how to organize your part-time business,which of the following is not one of the three key considerations?

One of the ways to determine the financial situation of a business is by crafting a business plan.

_____ refers to a situation when what is best for one's part-time business is different from what is best for his or her full-time employer.

A(n)_____ is a permission from a government organization to act differently than what the laws state.

Which of the following is true about business-to-business (B2B)transactions?

Which of the following is true of home businesses?

Government specifications for acceptable use of land and buildings in particular areas are called:

Which of the following part-time business approaches does the door-to-door model represent?

A listed,live connection to a different website,which in turn displays a similar link to the first website is called a(n):

The frequency of business starts and stops is referred to as:

The most typical form of aggrandizement in part-time businesses is:

_____ refers to a fee the service levels on a person or a firm for any variety of problems related to the sale.

Moonlighting refers to working on one's own part-time job after one's regular job.

The limitations imposed on a business's property by neighborhood groups are referred to as:

The e-commerce industry grew at a steady rate for several years but has now stopped growing and has leveled off.

Which of the following is true about a hosting package?

__________ is the crucial skill needed for juggling your part-time business and the rest of your life.

_____ refers to creating a negative impression among one's employers' customers.

One of the most ancient forms of small business is:

Which of the following best describes cannibalizing?

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

When deciding how to organize your part-time business,which of the following is not one of the three key considerations?

One of the ways to determine the financial situation of a business is by crafting a business plan.

_____ refers to a situation when what is best for one's part-time business is different from what is best for his or her full-time employer.

A(n)_____ is a permission from a government organization to act differently than what the laws state.

Which of the following is true about business-to-business (B2B)transactions?

Which of the following is true of home businesses?

Government specifications for acceptable use of land and buildings in particular areas are called:

Which of the following part-time business approaches does the door-to-door model represent?

A listed,live connection to a different website,which in turn displays a similar link to the first website is called a(n):

The frequency of business starts and stops is referred to as:

The most typical form of aggrandizement in part-time businesses is:

_____ refers to a fee the service levels on a person or a firm for any variety of problems related to the sale.

Moonlighting refers to working on one's own part-time job after one's regular job.

The limitations imposed on a business's property by neighborhood groups are referred to as:

The e-commerce industry grew at a steady rate for several years but has now stopped growing and has leveled off.

Which of the following is true about a hosting package?

__________ is the crucial skill needed for juggling your part-time business and the rest of your life.

_____ refers to creating a negative impression among one's employers' customers.

One of the most ancient forms of small business is:

Which of the following best describes cannibalizing?

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