Question 1

Many small-business start-ups are more competitive because of technology and online resources.

Accepted Answer

A) True 
 B)False

Question 2

With less money to spend on employees,marketing,inventory,and other business costs,successful small companies need to be creative.

Accepted Answer

A) True 
 B)False

Question 3

The vast majority of firms have fewer than 500 employees.

Accepted Answer

A) True 
 B)False

Question 4

In a partnership,each partner is liable for the business-related debts of the other partner.

Accepted Answer

A) True 
 B)False

Question 5

Delaware is an example of a state that is considered to be "business friendly" based on tax incentives.

Accepted Answer

A) True 
 B)False

Question 6

Cooperatives rarely exist in the field of agriculture.

Accepted Answer

A) True 
 B)False

Question 7

Although _____ are the most common type of business ownership,the greatest revenues come from _____.

Accepted Answer

A) sole proprietorships;partnerships 
B) sole proprietorships;corporations 
C) corporations;partnerships 
D) partnerships;corporations 
A) sole proprietorships;partnerships 
B) sole proprietorships;corporations 
C) corporations;partnerships 
D) partnerships;corporations

Question 8

Sole proprietorships are concentrated mainly in corporations.

Accepted Answer

A) True 
 B)False

Question 9

Complete the following using the terms listed.
-Owners of _____ have limited voting rights,but are entitled to the earliest dividends.

Accepted Answer

A) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising 
A) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising

Question 10

Small businesses are not required to pay workers' compensation or Social Security.

Accepted Answer

A) True 
 B)False

Question 11

Maria is the owner of a very small technology start-up.She shares clerical staff,computers,and other business services with other small business owners.Maria is part of a:

Accepted Answer

A) business incubator. 
B) venture capital company. 
C) joint venture. 
D) microloan company. 
A) business incubator. 
B) venture capital company. 
C) joint venture. 
D) microloan company.

Question 12

Explain the reasons for the failure of small businesses.

Accepted Answer

One of the most common causes of small-b

Question 13

A business plan for a small business typically contains all of the following EXCEPT _____.

Accepted Answer

A) a statement of the company's goals 
B) an executive summary 
C) separate financial and marketing sections 
D) a time frame for selling stock to investors 
A) a statement of the company's goals 
B) an executive summary 
C) separate financial and marketing sections 
D) a time frame for selling stock to investors

Question 14

The set-aside program designates that a percentage of government contracts must be awarded to qualifying small businesses.

Accepted Answer

A) True 
 B)False

Question 15

A corporation operating outside its state of incorporation is known as a domestic corporation.

Accepted Answer

A) True 
 B)False

Question 16

Direct Small Business Administration (SBA)loans are available in only a few special situations,such as natural disaster recovery and energy conservation.

Accepted Answer

A) True 
 B)False

Question 17

Complete the following using the terms listed.
-Small start-up ventures looking for low-cost shared facilities can utilize _____,offered by local community agencies.

Accepted Answer

A) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising 
A) small business 
B) corporation 
C) merger 
D) acquisition 
E) horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising

Question 18

Franchising combines the freedom of business ownership with the support of a large company.

Accepted Answer

A) True 
 B)False

Question 19

An American retail chain started doing business in India by forming a _____ with one of India's leading business groups.

Accepted Answer

A) joint venture 
B) subsidiary 
C) horizontal merger 
D) vertical merger 
A) joint venture 
B) subsidiary 
C) horizontal merger 
D) vertical merger

Question 20

Star Airlines' purchase of Hispania Airlines combines the resources and capabilities of both firms to create the world's largest airline.The newly formed company is an example of a _____.

Accepted Answer

A) vertical merger 
B) joint venture 
C) horizontal merger 
D) conglomerate company 
A) vertical merger 
B) joint venture 
C) horizontal merger 
D) conglomerate company

Many small-business start-ups are more competitive because of technology and online resources.

With less money to spend on employees,marketing,inventory,and other business costs,successful small companies need to be creative.

The vast majority of firms have fewer than 500 employees.

In a partnership,each partner is liable for the business-related debts of the other partner.

Delaware is an example of a state that is considered to be "business friendly" based on tax incentives.

Cooperatives rarely exist in the field of agriculture.

Although _ are the most common type of business ownership,the greatest revenues come from _.

Sole proprietorships are concentrated mainly in corporations.

Complete the following using the terms listed. -Owners of _____ have limited voting rights,but are entitled to the earliest dividends.

Small businesses are not required to pay workers' compensation or Social Security.

Maria is the owner of a very small technology start-up.She shares clerical staff,computers,and other business services with other small business owners.Maria is part of a:

Explain the reasons for the failure of small businesses.

A business plan for a small business typically contains all of the following EXCEPT _____.

The set-aside program designates that a percentage of government contracts must be awarded to qualifying small businesses.

A corporation operating outside its state of incorporation is known as a domestic corporation.

Direct Small Business Administration (SBA)loans are available in only a few special situations,such as natural disaster recovery and energy conservation.

Complete the following using the terms listed. -Small start-up ventures looking for low-cost shared facilities can utilize _____,offered by local community agencies.

Franchising combines the freedom of business ownership with the support of a large company.

An American retail chain started doing business in India by forming a _____ with one of India's leading business groups.

Star Airlines' purchase of Hispania Airlines combines the resources and capabilities of both firms to create the world's largest airline.The newly formed company is an example of a _____.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Todays Business

Competing in World Markets

Starting Your Own Business: the Entrepreneurship Alternative

Management,leadership,and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Trends in E-Commerce

Filters

Exam 5: Forms of Business Ownership and Organization

Many small-business start-ups are more competitive because of technology and online resources.

With less money to spend on employees,marketing,inventory,and other business costs,successful small companies need to be creative.

The vast majority of firms have fewer than 500 employees.

In a partnership,each partner is liable for the business-related debts of the other partner.

Delaware is an example of a state that is considered to be "business friendly" based on tax incentives.

Cooperatives rarely exist in the field of agriculture.

Although _____ are the most common type of business ownership,the greatest revenues come from _____.

Sole proprietorships are concentrated mainly in corporations.

Complete the following using the terms listed. -Owners of _____ have limited voting rights,but are entitled to the earliest dividends.

Small businesses are not required to pay workers' compensation or Social Security.

Maria is the owner of a very small technology start-up.She shares clerical staff,computers,and other business services with other small business owners.Maria is part of a:

Explain the reasons for the failure of small businesses.

A business plan for a small business typically contains all of the following EXCEPT _____.

The set-aside program designates that a percentage of government contracts must be awarded to qualifying small businesses.

A corporation operating outside its state of incorporation is known as a domestic corporation.

Direct Small Business Administration (SBA)loans are available in only a few special situations,such as natural disaster recovery and energy conservation.

Complete the following using the terms listed. -Small start-up ventures looking for low-cost shared facilities can utilize _____,offered by local community agencies.

Franchising combines the freedom of business ownership with the support of a large company.

An American retail chain started doing business in India by forming a _____ with one of India's leading business groups.

Star Airlines' purchase of Hispania Airlines combines the resources and capabilities of both firms to create the world's largest airline.The newly formed company is an example of a _____.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Todays Business

Competing in World Markets

Starting Your Own Business: the Entrepreneurship Alternative

Management,leadership,and the Internal Organization

Human Resource Management: From Recruitment to Labor Relations

Top Performance Through Empowerment, teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Trends in E-Commerce

Filters

Although _ are the most common type of business ownership,the greatest revenues come from _.