Question 1

A(n)_____ refers to a private individual or household that is the end-user of a product or service.

Accepted Answer

A)  producer 
B)  intermediary 
C)  consumer 
D)  beneficiary 
A)  producer 
B)  intermediary 
C)  consumer 
D)  beneficiary

Question 2

One technique to making bootstrapping work is leveraging low costs with free expertise.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is true with regard to the consignment approach of selling?

Accepted Answer

A)  They permit full-time sales only with full-time involvement from a person. 
B)  They are high-risk level undertakings. 
C)  They have low profitability because of agent's fees. 
D)  They have no flexibility despite variety of consignment agents and agencies available. 
A)  They permit full-time sales only with full-time involvement from a person. 
B)  They are high-risk level undertakings. 
C)  They have low profitability because of agent's fees. 
D)  They have no flexibility despite variety of consignment agents and agencies available.

Question 4

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

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 the owner's residence is his or her office. 
C)  they generally give customers the strongest sense of legitimacy. 
D)  one can get their business going where he or she lives. 
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 the owner's residence is his or her office. 
C)  they generally give customers the strongest sense of legitimacy. 
D)  one can get their business going where he or she lives.

Question 5

Pricing is not seen as a challenge by part-time businesses.

Accepted Answer

A) True 
 B)False

Question 6

_____ refers to the impression of a long-term continuity a business gives others.

Accepted Answer

A)  Intermittence 
B)  Variance 
C)  Passé 
D)  Permanence 
A)  Intermittence 
B)  Variance 
C)  Passé 
D)  Permanence

Question 7

An auction in which the low bid gets the business or wins is known as a _____ auction.

Accepted Answer

A)  reserve 
B)  buyout 
C)  forward 
D)  reverse 
A)  reserve 
B)  buyout 
C)  forward 
D)  reverse

Question 8

Which of the following is a free way to get one's name and business known?

Accepted Answer

A)  Through improving the search engine optimization of one's business 
B)  Tele marketing 
C)  Distributing business cards,stationery,printed newsletters,and brochures 
D)  Making informed comments on blogs and discussion forums related to one's business 
A)  Through improving the search engine optimization of one's business 
B)  Tele marketing 
C)  Distributing business cards,stationery,printed newsletters,and brochures 
D)  Making informed comments on blogs and discussion forums related to one's business

Question 9

Outsourcing refers to the assignment of work to others over whom one has power.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Finding a low-cost or no-cost way of doing business is called _____.

Accepted Answer

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

Question 12

Which of the following is the greatest problem faced by home-based entrepreneurs?

Accepted Answer

A)  Zoning challenges 
B)  Gaining customers 
C)  Insurance problems 
D)  Delivering work 
A)  Zoning challenges 
B)  Gaining customers 
C)  Insurance problems 
D)  Delivering work

Question 13

What is the difference between delegation and outsourcing?

Accepted Answer

The most successful entrepreneurs in hig

Question 14

Which of the following represents a disadvantage of the 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 the owner 
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 the owner 
D)  High setup costs

Question 15

Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school,where he taught karate to teenagers.After an year,he closed the school and joined an advertising firm.After two years,he quit the advertising firm and became self-employed as a freelance music composer.Which of the following terms indicates the changes in Andrew's employment structure?

Accepted Answer

A)  Volatility 
B)  Adverse possession 
C)  Bootstrapping 
D)  Easement 
A)  Volatility 
B)  Adverse possession 
C)  Bootstrapping 
D)  Easement

Question 16

_____ refers to creating a negative impression among one's employers' customers.

Accepted Answer

A)  Bootstrapping 
B)  Cannibalizing 
C)  Aggrandizing 
D)  Poisoning the well 
A)  Bootstrapping 
B)  Cannibalizing 
C)  Aggrandizing 
D)  Poisoning the well

Question 17

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

Accepted Answer

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

Question 18

Explain situations in which it would it be better to first undertake a part-time business.

Accepted Answer

There are three situations in which it w

Question 19

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

Accepted Answer

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

Question 20

Cathy has created a website for her shop of homemade chocolates and scented candles.Apart from traditional retailing,she sends e-mails to the people in her neighborhood.She also informs customers about various promotional offers through pamphlets.Which of the following techniques best describes Cathy's overall marketing method?

Accepted Answer

A)  Embedded marketing 
B)  Digital marketing 
C)  Multichannel marketing 
D)  Word-of-mouth marketing 
A)  Embedded marketing 
B)  Digital marketing 
C)  Multichannel marketing 
D)  Word-of-mouth marketing

A(n)_____ refers to a private individual or household that is the end-user of a product or service.

One technique to making bootstrapping work is leveraging low costs with free expertise.

Which of the following is true with regard to the consignment approach of selling?

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

Pricing is not seen as a challenge by part-time businesses.

_____ refers to the impression of a long-term continuity a business gives others.

An auction in which the low bid gets the business or wins is known as a _____ auction.

Which of the following is a free way to get one's name and business known?

Outsourcing refers to the assignment of work to others over whom one has power.

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

Finding a low-cost or no-cost way of doing business is called _____.

Which of the following is the greatest problem faced by home-based entrepreneurs?

What is the difference between delegation and outsourcing?

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

_____ refers to creating a negative impression among one's employers' customers.

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

Explain situations in which it would it be better to first undertake a part-time business.

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

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Environment: Managing External Relations

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 Salespart Four: Cash, Accounting, and Finance in the Small Business

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

A(n)_____ refers to a private individual or household that is the end-user of a product or service.

One technique to making bootstrapping work is leveraging low costs with free expertise.

Which of the following is true with regard to the consignment approach of selling?

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

Pricing is not seen as a challenge by part-time businesses.

_____ refers to the impression of a long-term continuity a business gives others.

An auction in which the low bid gets the business or wins is known as a _____ auction.

Which of the following is a free way to get one's name and business known?

Outsourcing refers to the assignment of work to others over whom one has power.

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

Finding a low-cost or no-cost way of doing business is called _____.

Which of the following is the greatest problem faced by home-based entrepreneurs?

What is the difference between delegation and outsourcing?

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

_____ refers to creating a negative impression among one's employers' customers.

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

Explain situations in which it would it be better to first undertake a part-time business.

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

Small Business: Its Opportunities and Rewards

Small Business Entrepreneurs: Characteristics and Competencies

Small Business Environment: Managing External Relations

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 Salespart Four: Cash, Accounting, and Finance in the Small Business

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