Question 1

Which of the following statements about small businesses that are high in social capital is false?

Accepted Answer

A) They are not given the benefit of the doubt when problems occur 
B) They are more trusted 
C) They are treated more fairly by regulators 
D) They are checked up on less 
A) They are not given the benefit of the doubt when problems occur 
B) They are more trusted 
C) They are treated more fairly by regulators 
D) They are checked up on less

Question 2

In a negotiation,_____ is the second-best outcome identified by the parties to help clarify the value of achieving a successful negotiation.

Accepted Answer

A) caveat emptor 
B) bootstrapping 
C) LEED 
D) BATNA 
A) caveat emptor 
B) bootstrapping 
C) LEED 
D) BATNA

Question 3

The number one type of help sought by entrepreneurs from the PSED is

Accepted Answer

A) introduction. 
B) information. 
C) financial resources. 
D) physical resources. 
A) introduction. 
B) information. 
C) financial resources. 
D) physical resources.

Question 4

Which of the following is a product-based legitimacy indicator?

Accepted Answer

A) Organization size 
B) Testimonials 
C) Business network membership 
D) Internet identity 
A) Organization size 
B) Testimonials 
C) Business network membership 
D) Internet identity

Question 5

Networking is the idea and action of each person helping the other.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements about caveat emptor is true?

Accepted Answer

A) Caveat emptor is often the first line of defense by producers of mediocre merchandise. 
B) As a legal principle,the phrase "caveat emptor" has been routinely approved. 
C) Using it as a defense puts the entrepreneur who uses it in a positive light. 
D) If you find a business using caveat emptor as a principle,accept them. 
A) Caveat emptor is often the first line of defense by producers of mediocre merchandise. 
B) As a legal principle,the phrase "caveat emptor" has been routinely approved. 
C) Using it as a defense puts the entrepreneur who uses it in a positive light. 
D) If you find a business using caveat emptor as a principle,accept them.

Question 7

The boundary is at the core of exchange in the BRIE model.

Accepted Answer

A) True 
 B)False

Question 8

Small businesses often do not try something innovative.

Accepted Answer

A) True 
 B)False

Question 9

Amanda Albertson and "Durable Doors"
Amanda is a small business owner of "Durable Doors", a manufacturer and installer of garage doors, based in the northeast. Amanda has built the business working very hard in the community. She has earned the reputation as a reliable, trustworthy business owner with solid garage doors. However, given the soft economic conditions with higher gasoline and wood prices, Amanda faces a tough situation. If she continues with her quality standard, she will lose money, but if she inserts panels of mixed lower quality wood she can remain profitable.

-If Amanda has tried many ways to think the situation through and still cannot decide whether what she plans to do is ethical,she should explore the ethical model of _____ by asking herself whether she would be comfortable having her decision and name advertised for the public to see.

Accepted Answer

A) the billboard principle 
B) universalism 
C) utilitarianism 
D) the Golden Rule 
A) the billboard principle 
B) universalism 
C) utilitarianism 
D) the Golden Rule

Question 10

The reason why small businesses have flexibility is because they have to deal with a lot of 'first time' situations.

Accepted Answer

A) True 
 B)False

Question 11

According to the text,what is the most important part of social networking that would make a difference in how you would conduct business every day?

Accepted Answer

A) Asking for help when you need it 
B) Respecting the other person's time 
C) Respecting the other person's expertise 
D) Being willing to reciprocate if asked 
A) Asking for help when you need it 
B) Respecting the other person's time 
C) Respecting the other person's expertise 
D) Being willing to reciprocate if asked

Question 12

Which of the following is NOT a key to success in electronic networking?

Accepted Answer

A) Making it easy for people to contact you 
B) Taking initiative to ask others on the network to link with you 
C) Taking time to develop networks 
D) Finding and linking up with network mavens 
A) Making it easy for people to contact you 
B) Taking initiative to ask others on the network to link with you 
C) Taking time to develop networks 
D) Finding and linking up with network mavens

Question 13

What are the three best practices that can make online social networking successful?

Accepted Answer

Small businesses planning to rely primar

Question 14

An ethical model which suggests you treat others in the manner you wish to be treated refers to

Accepted Answer

A) the billboard principle. 
B) universalism. 
C) the Golden Rule. 
D) utilitarianism. 
A) the billboard principle. 
B) universalism. 
C) the Golden Rule. 
D) utilitarianism.

Question 15

Those parts of the environment that directly and consistently touch on the firm are called the

Accepted Answer

A) task environment. 
B) internal environment. 
C) macroenvironment. 
D) general environment. 
A) task environment. 
B) internal environment. 
C) macroenvironment. 
D) general environment.

Question 16

How can an entrepreneur make a more ethical decision using ethical decision-making? Explain.

Accepted Answer

Of the five environment managing techniq

Question 17

Universalism is an ethical model that supports seeking the greatest good for the greatest number of people.

Accepted Answer

A) True 
 B)False

Question 18

The question in step one of ethical decision-making,"What do you owe others?" focuses on the _____ of people who make decisions.

Accepted Answer

A) mutuality 
B) distributive view 
C) integrative view 
D) obligations 
A) mutuality 
B) distributive view 
C) integrative view 
D) obligations

Question 19

Define social capital.How can a business owner build social capital? Explain.

Accepted Answer

The goal of any small business owner is

Question 20

Modeling is a set of shared beliefs,basic assumptions,or common,accepted ways of dealing with problems and challenges within a company that demonstrate how things get done.

Accepted Answer

A) True 
 B)False

Which of the following statements about small businesses that are high in social capital is false?

In a negotiation,_____ is the second-best outcome identified by the parties to help clarify the value of achieving a successful negotiation.

The number one type of help sought by entrepreneurs from the PSED is

Which of the following is a product-based legitimacy indicator?

Networking is the idea and action of each person helping the other.

Which of the following statements about caveat emptor is true?

The boundary is at the core of exchange in the BRIE model.

Small businesses often do not try something innovative.

The reason why small businesses have flexibility is because they have to deal with a lot of 'first time' situations.

According to the text,what is the most important part of social networking that would make a difference in how you would conduct business every day?

Which of the following is NOT a key to success in electronic networking?

What are the three best practices that can make online social networking successful?

An ethical model which suggests you treat others in the manner you wish to be treated refers to

Those parts of the environment that directly and consistently touch on the firm are called the

How can an entrepreneur make a more ethical decision using ethical decision-making? Explain.

Universalism is an ethical model that supports seeking the greatest good for the greatest number of people.

The question in step one of ethical decision-making,"What do you owe others?" focuses on the _____ of people who make decisions.

Define social capital.How can a business owner build social capital? Explain.

Modeling is a set of shared beliefs,basic assumptions,or common,accepted ways of dealing with problems and challenges within a company that demonstrate how things get done.

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Ideas: Creativity, opportunity, and Feasibility

Small Business Entry: Paths to Part-Time Entrepreneurship

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

Exam 2: Small Business Environment: Managing External Relations

Which of the following statements about small businesses that are high in social capital is false?

In a negotiation,_____ is the second-best outcome identified by the parties to help clarify the value of achieving a successful negotiation.

The number one type of help sought by entrepreneurs from the PSED is

Which of the following is a product-based legitimacy indicator?

Networking is the idea and action of each person helping the other.

Which of the following statements about caveat emptor is true?

The boundary is at the core of exchange in the BRIE model.

Small businesses often do not try something innovative.

The reason why small businesses have flexibility is because they have to deal with a lot of 'first time' situations.

According to the text,what is the most important part of social networking that would make a difference in how you would conduct business every day?

Which of the following is NOT a key to success in electronic networking?

What are the three best practices that can make online social networking successful?

An ethical model which suggests you treat others in the manner you wish to be treated refers to

Those parts of the environment that directly and consistently touch on the firm are called the

How can an entrepreneur make a more ethical decision using ethical decision-making? Explain.

Universalism is an ethical model that supports seeking the greatest good for the greatest number of people.

The question in step one of ethical decision-making,"What do you owe others?" focuses on the _____ of people who make decisions.

Define social capital.How can a business owner build social capital? Explain.

Modeling is a set of shared beliefs,basic assumptions,or common,accepted ways of dealing with problems and challenges within a company that demonstrate how things get done.

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Ideas: Creativity, opportunity, and Feasibility

Small Business Entry: Paths to Part-Time Entrepreneurship

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