Question 1

All of the following are the key ideas of bootstrapping EXCEPT

Accepted Answer

A) cutting your personal and business expenses. 
B) seeing if you can get things which you need for free. 
C) seeing if you can substitute a lower-cost alternative before you buy. 
D) borrowing heavily from banks while keeping your money untouched. 
A) cutting your personal and business expenses. 
B) seeing if you can get things which you need for free. 
C) seeing if you can substitute a lower-cost alternative before you buy. 
D) borrowing heavily from banks while keeping your money untouched.

Question 2

_____ is/are probably the ultimate resource,and starting a business can tax it heavily.

Accepted Answer

A) Family 
B) Friends 
C) Money 
D) Time 
A) Family 
B) Friends 
C) Money 
D) Time

Question 3

Discuss the challenges of moving from part-time to full-time entrepreneurship.

Accepted Answer

Some people start their businesses part

Question 4

The party and door-to-door model represents which of the following part-time business approaches?

Accepted Answer

A) Stand retailing 
B) Consignment 
C) Home retail 
D) Mail order 
A) Stand retailing 
B) Consignment 
C) Home retail 
D) Mail order

Question 5

Which of the following is the most outsourced item by small businesses?

Accepted Answer

A) Payroll 
B) Financial advice and management 
C) Advertising and marketing 
D) Legal issues 
A) Payroll 
B) Financial advice and management 
C) Advertising and marketing 
D) Legal issues

Question 6

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

Accepted Answer

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

Question 7

Which of the following U.S.industries had the most number of establishments in 2007?

Accepted Answer

A) Manufacturing 
B) Wholesale 
C) Construction 
D) Professional services 
A) Manufacturing 
B) Wholesale 
C) Construction 
D) Professional services

Question 8

Which of the following represents a disadvantage of a consignment approach?

Accepted Answer

A) Availability of different consignment stores and auctions 
B) Long amount of time before payouts 
C) Full-time sales with only a part-time involvement from you 
D) High setup costs 
A) Availability of different consignment stores and auctions 
B) Long amount of time before payouts 
C) Full-time sales with only a part-time involvement from you 
D) High setup costs

Question 9

Identify the correct statement about RSS feeds.

Accepted Answer

A) All Web sites push content out to customers by using an RSS feed. 
B) An RSS feed sends whatever Web material you specify to subscribers to that feed. 
C) RSS stands for "really simple sequence." 
D) RSS feeds can be read only with special readers. 
A) All Web sites push content out to customers by using an RSS feed. 
B) An RSS feed sends whatever Web material you specify to subscribers to that feed. 
C) RSS stands for "really simple sequence." 
D) RSS feeds can be read only with special readers.

Question 10

All of the following relate to "stand retail" EXCEPT

Accepted Answer

A) they tend to be either semipermanent ones or movable ones. 
B) they need to be built in places where there is less traffic. 
C) they can be quickly established. 
D) they have a problem of building customer base. 
A) they tend to be either semipermanent ones or movable ones. 
B) they need to be built in places where there is less traffic. 
C) they can be quickly established. 
D) they have a problem of building customer base.

Question 11

The most typical form of aggrandizement is

Accepted Answer

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

Question 12

All of the following are disadvantages of home retailing EXCEPT

Accepted Answer

A) high cost of getting started. 
B) always working "on the road." 
C) lacking a base from which you can organize and work. 
D) having a highly variable income. 
A) high cost of getting started. 
B) always working "on the road." 
C) lacking a base from which you can organize and work. 
D) having a highly variable income.

Question 13

"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 should know that the challenge or disadvantage of her choice of business is the

Accepted Answer

A) difficulty in setting up. 
B) cost of setting up. 
C) variable income. 
D) seller fees. 
A) difficulty in setting up. 
B) cost of setting up. 
C) variable income. 
D) seller fees.

Question 14

For part-time entrepreneurs,time is the ultimate resource.

Accepted Answer

A) True 
 B)False

Question 15

Aggrandizing means taking business away from your employer.

Accepted Answer

A) True 
 B)False

Question 16

Finding a low-cost or no-cost way to do something is called

Accepted Answer

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

Question 17

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

Accepted Answer

A) when you are new to business and need to gain basic experience. 
B) when you lack resources to pursue a full-scale business. 
C) when there is a narrow window of opportunity. 
D) when there is enough time and resources to get the entire business going. 
A) when you are new to business and need to gain basic experience. 
B) when you lack resources to pursue a full-scale business. 
C) when there is a narrow window of opportunity. 
D) when there is enough time and resources to get the entire business going.

Question 18

One advantage of consignment approaches is that they permit full-time sales with only a part-time involvement from you.

Accepted Answer

A) True 
 B)False

Question 19

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

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 you are already living somewhere. 
C) they generally give customers the strongest sense of legitimacy. 
D) you can get your business going where you live in a moment. 
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 you are already living somewhere. 
C) they generally give customers the strongest sense of legitimacy. 
D) you can get your business going where you live in a moment.

Question 20

One situation in which to consider part-time business is when you are new to business and need to gain basic experience.

Accepted Answer

A) True 
 B)False

All of the following are the key ideas of bootstrapping EXCEPT

_____ is/are probably the ultimate resource,and starting a business can tax it heavily.

Discuss the challenges of moving from part-time to full-time entrepreneurship.

The party and door-to-door model represents which of the following part-time business approaches?

Which of the following is the most outsourced item by small businesses?

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

Which of the following U.S.industries had the most number of establishments in 2007?

Which of the following represents a disadvantage of a consignment approach?

Identify the correct statement about RSS feeds.

All of the following relate to "stand retail" EXCEPT

The most typical form of aggrandizement is

All of the following are disadvantages of home retailing EXCEPT

For part-time entrepreneurs,time is the ultimate resource.

Aggrandizing means taking business away from your employer.

Finding a low-cost or no-cost way to do something is called

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

One advantage of consignment approaches is that they permit full-time sales with only a part-time involvement from you.

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

One situation in which to consider part-time business is when you are new to business and need to gain basic experience.

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

All of the following are the key ideas of bootstrapping EXCEPT

_____ is/are probably the ultimate resource,and starting a business can tax it heavily.

Discuss the challenges of moving from part-time to full-time entrepreneurship.

The party and door-to-door model represents which of the following part-time business approaches?

Which of the following is the most outsourced item by small businesses?

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

Which of the following U.S.industries had the most number of establishments in 2007?

Which of the following represents a disadvantage of a consignment approach?

Identify the correct statement about RSS feeds.

All of the following relate to "stand retail" EXCEPT

The most typical form of aggrandizement is

All of the following are disadvantages of home retailing EXCEPT

For part-time entrepreneurs,time is the ultimate resource.

Aggrandizing means taking business away from your employer.

Finding a low-cost or no-cost way to do something is called

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

One advantage of consignment approaches is that they permit full-time sales with only a part-time involvement from you.

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

One situation in which to consider part-time business is when you are new to business and need to gain basic experience.

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