Question 1

_____ refers to the impression of a long-term continuity a business gives others.

Accepted Answer

A)  Intermittence 
B)  Variance 
C)  Passé 
D)  Permanence 
A)  Intermittence 
B)  Variance 
C)  Passé 
D)  Permanence

Question 2

Part-time employment refers to working for 50 or fewer hours a week.

Accepted Answer

A) True 
 B)False

Question 3

An Internet site designed to introduce and explain a business to others is known as a(n):

Accepted Answer

A)  e-commerce website. 
B)  portal website. 
C)  advocacy website. 
D)  informational website. 
A)  e-commerce website. 
B)  portal website. 
C)  advocacy website. 
D)  informational website.

Question 4

To a part-time entrepreneur pricing is very important.Which of the following statements about pricing and costing is not true?

Accepted Answer

A)  People working part time can be prone to underestimate their costs. 
B)  Central to figuring the real cost of your product is keeping good records. 
C)  Pricing is often seen as a challenge by part-time businesses. 
D)  A good way to get a realistic idea of pricing your product is to price competitors' products. 
A)  People working part time can be prone to underestimate their costs. 
B)  Central to figuring the real cost of your product is keeping good records. 
C)  Pricing is often seen as a challenge by part-time businesses. 
D)  A good way to get a realistic idea of pricing your product is to price competitors' products.

Question 5

_____ means taking business away from one's employer.

Accepted Answer

A)  Covenant 
B)  Licensing 
C)  Cannibalizing 
D)  Aggrandizing 
A)  Covenant 
B)  Licensing 
C)  Cannibalizing 
D)  Aggrandizing

Question 6

Smith & Roden Enterprises (SRE),a law firm,paid a leading search engine to put their company's website at the top of the search engine's search list.This form of advertising used by SRE for promotion of their firm is known as _____.

Accepted Answer

A)  sponsored link 
B)  embedded placement 
C)  trackback submitter 
D)  RSS feed 
A)  sponsored link 
B)  embedded placement 
C)  trackback submitter 
D)  RSS feed

Question 7

_____ refers to information provided to the government concerning the existence of,name of,nature of,and contact information for one's business.

Accepted Answer

A)  Zoning 
B)  Franchising 
C)  Registration 
D)  Permanence 
A)  Zoning 
B)  Franchising 
C)  Registration 
D)  Permanence

Question 8

Delegation is not for everyone and every situation.

Accepted Answer

A) True 
 B)False

Question 9

Attempting to make oneself seem more accomplished than reality is referred to as:

Accepted Answer

A)  aggrandizing. 
B)  poisoning the well. 
C)  moonlighting. 
D)  cannibalizing. 
A)  aggrandizing. 
B)  poisoning the well. 
C)  moonlighting. 
D)  cannibalizing.

Question 10

Explain the key ideas to be kept in mind before moving from part-time to full-time entrepreneurship.

Accepted Answer

Some people start their businesses part

Question 11

A(n)_____ refers to a private individual or household that is the end-user of a product or service.

Accepted Answer

A)  producer 
B)  intermediary 
C)  consumer 
D)  beneficiary 
A)  producer 
B)  intermediary 
C)  consumer 
D)  beneficiary

Question 12

Four aspects of part-time entrepreneurship are very different from full-time business.Gaining legitimacy and trust among customers is one.Which of the following is not one of the other three aspects?

Accepted Answer

A)  Determining what you are able to delegate. 
B)  Finding the suppliers most suited to your particular needs. 
C)  The challenge you face when moving from part-time to full-time entrepreneurship. 
D)  The special ethical challenge that comes from juggling part-time entrepreneurship and other work. 
A)  Determining what you are able to delegate. 
B)  Finding the suppliers most suited to your particular needs. 
C)  The challenge you face when moving from part-time to full-time entrepreneurship. 
D)  The special ethical challenge that comes from juggling part-time entrepreneurship and other work.

Question 13

What are the main concerns when individuals moonlight? Explain.

Accepted Answer

The major concerns with moonlighting are

Question 14

Contracting with people or companies outside one's business to get work done for the business is known as:

Accepted Answer

A)  aggrandizing. 
B)  hybrid entrepreneurship. 
C)  outsourcing. 
D)  licensing. 
A)  aggrandizing. 
B)  hybrid entrepreneurship. 
C)  outsourcing. 
D)  licensing.

Question 15

All of the following are major concerns of moonlighting except:

Accepted Answer

A)  conflict of interest. 
B)  volatility. 
C)  cannibalizing sales. 
D)  poisoning the well. 
A)  conflict of interest. 
B)  volatility. 
C)  cannibalizing sales. 
D)  poisoning the well.

Question 16

Which of the following is an example of e-commerce?

Accepted Answer

A)  Julia bought handicraft from a local market. 
B)  Tabatha bought a cell phone in an exchange offer at an exhibition. 
C)  Arthur bought a pair of jeans from the store next to his house. 
D)  Christopher got shoes delivered at his home after he ordered for it online. 
A)  Julia bought handicraft from a local market. 
B)  Tabatha bought a cell phone in an exchange offer at an exhibition. 
C)  Arthur bought a pair of jeans from the store next to his house. 
D)  Christopher got shoes delivered at his home after he ordered for it online.

Question 17

Differentiate between stand retail and home retail by explaining the advantages and disadvantages of each.

Accepted Answer

Historically,two approaches closely iden

Question 18

What is the difference between delegation and outsourcing?

Accepted Answer

The most successful entrepreneurs in hig

Question 19

Outsourcing refers to the assignment of work to others over whom one has power.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statement is not true about considering how to organize your new part-time business?

Accepted Answer

A)  You want a low cost of start-up. 
B)  The more time and energy you spend preparing for a part-time business,the longer it takes to make a profit. 
C)  In most cases,the cost to start-up and the time to market are not closely related. 
D)  For a part-time firm,it may be hard to have a lot of the indicators of legitimacy,or permanence. 
A)  You want a low cost of start-up. 
B)  The more time and energy you spend preparing for a part-time business,the longer it takes to make a profit. 
C)  In most cases,the cost to start-up and the time to market are not closely related. 
D)  For a part-time firm,it may be hard to have a lot of the indicators of legitimacy,or permanence.

_____ refers to the impression of a long-term continuity a business gives others.

Part-time employment refers to working for 50 or fewer hours a week.

An Internet site designed to introduce and explain a business to others is known as a(n):

To a part-time entrepreneur pricing is very important.Which of the following statements about pricing and costing is not true?

_____ means taking business away from one's employer.

Smith & Roden Enterprises (SRE),a law firm,paid a leading search engine to put their company's website at the top of the search engine's search list.This form of advertising used by SRE for promotion of their firm is known as _____.

_____ refers to information provided to the government concerning the existence of,name of,nature of,and contact information for one's business.

Delegation is not for everyone and every situation.

Attempting to make oneself seem more accomplished than reality is referred to as:

Explain the key ideas to be kept in mind before moving from part-time to full-time entrepreneurship.

A(n)_____ refers to a private individual or household that is the end-user of a product or service.

Four aspects of part-time entrepreneurship are very different from full-time business.Gaining legitimacy and trust among customers is one.Which of the following is not one of the other three aspects?

What are the main concerns when individuals moonlight? Explain.

Contracting with people or companies outside one's business to get work done for the business is known as:

All of the following are major concerns of moonlighting except:

Which of the following is an example of e-commerce?

Differentiate between stand retail and home retail by explaining the advantages and disadvantages of each.

What is the difference between delegation and outsourcing?

Outsourcing refers to the assignment of work to others over whom one has power.

Which of the following statement is not true about considering how to organize your new 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

_____ refers to the impression of a long-term continuity a business gives others.

Part-time employment refers to working for 50 or fewer hours a week.

An Internet site designed to introduce and explain a business to others is known as a(n):

To a part-time entrepreneur pricing is very important.Which of the following statements about pricing and costing is not true?

_____ means taking business away from one's employer.

Smith & Roden Enterprises (SRE),a law firm,paid a leading search engine to put their company's website at the top of the search engine's search list.This form of advertising used by SRE for promotion of their firm is known as _____.

_____ refers to information provided to the government concerning the existence of,name of,nature of,and contact information for one's business.

Delegation is not for everyone and every situation.

Attempting to make oneself seem more accomplished than reality is referred to as:

Explain the key ideas to be kept in mind before moving from part-time to full-time entrepreneurship.

A(n)_____ refers to a private individual or household that is the end-user of a product or service.

Four aspects of part-time entrepreneurship are very different from full-time business.Gaining legitimacy and trust among customers is one.Which of the following is not one of the other three aspects?

What are the main concerns when individuals moonlight? Explain.

Contracting with people or companies outside one's business to get work done for the business is known as:

All of the following are major concerns of moonlighting except:

Which of the following is an example of e-commerce?

Differentiate between stand retail and home retail by explaining the advantages and disadvantages of each.

What is the difference between delegation and outsourcing?

Outsourcing refers to the assignment of work to others over whom one has power.

Which of the following statement is not true about considering how to organize your new 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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