Question 1

Retail stores in which customers can come and buy products placed in the shops by a wide variety of sellers are called

Accepted Answer

A) licensed outlets. 
B) franchised kiosks. 
C) consignment shops. 
D) auctions. 
A) licensed outlets. 
B) franchised kiosks. 
C) consignment shops. 
D) auctions. C

Question 2

Which of the following represents an advantage of a consignment approach?

Accepted Answer

A) Full-time sale with only a part-time involvement from you 
B) High potential for competing offers 
C) Amount of time before payout 
D) Sellers' fees 
A) Full-time sale with only a part-time involvement from you 
B) High potential for competing offers 
C) Amount of time before payout 
D) Sellers' fees A

Question 3

The key success factor for a stand is

Accepted Answer

A) having a location where there is enough foot or vehicle traffic. 
B) having a variable income. 
C) having nonperishable sale items. 
D) sharing with other businesses to minimize the high rent. 
A) having a location where there is enough foot or vehicle traffic. 
B) having a variable income. 
C) having nonperishable sale items. 
D) sharing with other businesses to minimize the high rent. A

Question 4

The key device for managing time for part-time business individuals is

Accepted Answer

A) the to-do list. 
B) auctioning. 
C) hiring employees. 
D) outsourcing. 
A) the to-do list. 
B) auctioning. 
C) hiring employees. 
D) outsourcing.

Question 5

Identify the correct statement about the eBay Web site.

Accepted Answer

A) The eBay method of auctioning means you pay a fee for posting your 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 is a division of eBay. 
C) eBay does not allow buyers and sellers anonymity. 
D) On eBay,you can list a single item for sale only by creating a Web site to support your effort. 
A) The eBay method of auctioning means you pay a fee for posting your 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 is a division of eBay. 
C) eBay does not allow buyers and sellers anonymity. 
D) On eBay,you can list a single item for sale only by creating a Web site to support your effort.

Question 6

What tips are suggested to make delegation more successful for part-time self-employed?

Accepted Answer

There are several tips that can help mak

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

All of the following are challenges of being a part-time entrepreneur EXCEPT

Accepted Answer

A) delegation and outsourcing. 
B) ethical challenges. 
C) moving from part-time to full-time entrepreneur. 
D) the ability to make money to sustain the business. 
A) delegation and outsourcing. 
B) ethical challenges. 
C) moving from part-time to full-time entrepreneur. 
D) the ability to make money to sustain the business.

Question 9

Identify the statement that does not relate to home retail.

Accepted Answer

A) Low cost of setting up 
B) Ability to do the work away from your home and employer 
C) Provides a high steady income 
D) Minimized potential conflicts 
A) Low cost of setting up 
B) Ability to do the work away from your home and employer 
C) Provides a high steady income 
D) Minimized potential conflicts

Question 10

Discuss the different ways to reach your customers once you have created your Web site.

Accepted Answer

Once you have got your Web site up and r

Question 11

Working on your own part-time business after your regular job is called

Accepted Answer

A) moonlighting. 
B) bootstrapping. 
C) outsourcing. 
D) licensing. 
A) moonlighting. 
B) bootstrapping. 
C) outsourcing. 
D) licensing.

Question 12

"Light a Candle"
Working as an accountant in the local government agency, Elizabeth has always had a liking for candles. She collected thousands of candles over the years - different shapes, sizes, occasions, and colors. After talking with a few co-workers, Elizabeth decided to get a kiosk at the flea market for four weeks before Christmas to sell her candles with her business name: "Light a Candle."

-If Elizabeth starts to take days off from work to staff the kiosk at the flea market,she may be facing

Accepted Answer

A) bootstrapping. 
B) conflict of interests. 
C) poisoning the well. 
D) aggrandizing. 
A) bootstrapping. 
B) conflict of interests. 
C) poisoning the well. 
D) aggrandizing.

Question 13

Which of the following does NOT hold true of part-time self-employment?

Accepted Answer

A) It is a minor portion of all current entrepreneurship. 
B) There is tremendous volatility as individuals jump in and out of self-employment quickly and frequently. 
C) It accounts for around half of small businesses in the United States. 
D) It is the way most people start in entrepreneurship. 
A) It is a minor portion of all current entrepreneurship. 
B) There is tremendous volatility as individuals jump in and out of self-employment quickly and frequently. 
C) It accounts for around half of small businesses in the United States. 
D) It is the way most people start in entrepreneurship.

Question 14

"Light a Candle"
Working as an accountant in the local government agency, Elizabeth has always had a liking for candles. She collected thousands of candles over the years - different shapes, sizes, occasions, and colors. After talking with a few co-workers, Elizabeth decided to get a kiosk at the flea market for four weeks before Christmas to sell her candles with her business name: "Light a Candle."

-Elizabeth can be described as a(n)

Accepted Answer

A) full-time self-employed. 
B) franchisor. 
C) absentee employee. 
D) part-time self-employed. 
A) full-time self-employed. 
B) franchisor. 
C) absentee employee. 
D) part-time self-employed.

Question 15

Working for yourself for 40 or fewer hours a week is called part-time self-employment.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

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

Question 17

One of the most ancient forms of small business is

Accepted Answer

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

Question 18

Contracting with people or companies outside your business to do work for your business refers to

Accepted Answer

A) moonlighting. 
B) bootstrapping. 
C) outsourcing. 
D) licensing. 
A) moonlighting. 
B) bootstrapping. 
C) outsourcing. 
D) licensing.

Question 19

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

Accepted Answer

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

Question 20

Under which of the following situations might it make better sense to undertake a part-time business first?

Accepted Answer

A) You are buying an existing business 
B) You want to gain basic experience 
C) You are opening a franchise 
D) There is too much competition 
A) You are buying an existing business 
B) You want to gain basic experience 
C) You are opening a franchise 
D) There is too much competition

Retail stores in which customers can come and buy products placed in the shops by a wide variety of sellers are called

Which of the following represents an advantage of a consignment approach?

The key success factor for a stand is

The key device for managing time for part-time business individuals is

Identify the correct statement about the eBay Web site.

What tips are suggested to make delegation more successful for part-time self-employed?

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

All of the following are challenges of being a part-time entrepreneur EXCEPT

Identify the statement that does not relate to home retail.

Discuss the different ways to reach your customers once you have created your Web site.

Working on your own part-time business after your regular job is called

Which of the following does NOT hold true of part-time self-employment?

Working for yourself for 40 or fewer hours a week is called part-time self-employment.

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

One of the most ancient forms of small business is

Contracting with people or companies outside your business to do work for your business refers to

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

Under which of the following situations might it make better sense to undertake a part-time business first?

Small Business: Its Opportunities and Rewards

Small Business Environment: Managing External Relations

Small Business Entrepreneurs: Characteristics and Competencies

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

Marketing Plans: Saying How Youll Get Sales

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

Achieving Success in the Small Business

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

Retail stores in which customers can come and buy products placed in the shops by a wide variety of sellers are called

Which of the following represents an advantage of a consignment approach?

The key success factor for a stand is

The key device for managing time for part-time business individuals is

Identify the correct statement about the eBay Web site.

What tips are suggested to make delegation more successful for part-time self-employed?

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

All of the following are challenges of being a part-time entrepreneur EXCEPT

Identify the statement that does not relate to home retail.

Discuss the different ways to reach your customers once you have created your Web site.

Working on your own part-time business after your regular job is called

Which of the following does NOT hold true of part-time self-employment?

Working for yourself for 40 or fewer hours a week is called part-time self-employment.

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

One of the most ancient forms of small business is

Contracting with people or companies outside your business to do work for your business refers to

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

Under which of the following situations might it make better sense to undertake a part-time business first?

Small Business: Its Opportunities and Rewards

Small Business Environment: Managing External Relations

Small Business Entrepreneurs: Characteristics and Competencies

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

Marketing Plans: Saying How Youll Get Sales

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

Achieving Success in the Small Business

Filters