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

Permission from a government organization to act differently than the laws state is known as

Working at your business 35 hours a week or less is called

The assignment of work to others over whom you have power refers to

Which of the following does NOT hold true of consignment shops?

Ownership of a portion of a business is called

If you are new to business and working on your own,estimates suggest that a business plan will take anywhere from 10 to 20 hours.

In terms of rent per square foot,carts and kiosks are often among the least expensive locations in the mall.

Which of the following is also called multilevel marketing?

A Web page in which entries are posted in reverse chronological order is a

In what ways do small part-time businesses need to deal with government? Explain.

The key success factor for a stand is having a location where there is enough foot or vehicle traffic to sustain the business.

Part-time entrepreneurship is important because it gives people a chance to learn the ropes in business and to test out their ideas.

Which of the following represents an advantage of stand retailing?

The fundamental success factor in door-to-door selling is

In which situations would it make better sense to undertake a part-time business? Explain.

_____ is the documented permission from the government to run your business.

Which of the following is NOT an advantage of home businesses?

Differentiate between stand retail and home retail.What are the advantages and disadvantages of each?

Nowadays,the conventional wisdom is that if you are serious about starting a business,you ought to start a business full time and prepare for it by

What is the greatest problem that home-based entrepreneurs face?