Question 1

"Going public" is the most common way for a small business to acquire growth capital.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following is not an indicator of the need for renewal:

Accepted Answer

A)   declining sales and profits.
B)   declining market share.
C)   declining employee turnover.
D)   None of the above are indicators. C

Question 3

" expansion" means selling what you're already selling to new groups of customers.

Accepted Answer

market

Question 4

" expansion" means selling more of what you're already selling to the customer groups you're already selling to.

Accepted Answer

The answer of " expansion" means selling more of what...

Question 5

The amount of time it takes to recoup the amount of an investment is called the:

Accepted Answer

A)   project R.O.I.
B)   future value.
C)   payback period.
D)   return interval.

Question 6

When a business is operating at a small percentage of its capacity, the strategy should be to:

Accepted Answer

A)   increase capacity.
B)   increase sales.
C)   reduce promotion.
D)   all of the above.

Question 7

The biggest trading partner (volume of trade) of Canada is the U.S.

Accepted Answer

A) True 
 B)False

Question 8

The renewal stage of the Business Life Cycle is followed by .

Accepted Answer

The answer of The renewal stage of the Business Life...

Question 9

Compared to building your own chain of company-owned stores, selling franchises is:

Accepted Answer

A)   faster.
B)   more expensive.
C)   legally simpler.
D)   all of the above.

Question 10

Discuss the dangers of entering into Export Markets for small Canadian firms.

Accepted Answer

The answer of Discuss the dangers of entering into Export...

Question 11

EDC stands for:

Accepted Answer

A)   External Distribution Control.
B)   Economic Development Corporation.
C)   Export Development Canada.
D)   Environmental Disaster Control.

Question 12

It is possible to have increasing sales while the market potential is shrinking.

Accepted Answer

A) True 
 B)False

Question 13

SWOT analysis examines:

Accepted Answer

A)   the situation, the work, the organization, the tactics.
B)   internal and external advantages and disadvantages of a business.
C)   the predictions of the Conference Board of Canada.
D)   the ethical issues of conducting business.

Question 14

The growth stage of the business cycle is characterized by:

Accepted Answer

A)   increasing revenue.
B)   increasing profits.
C)   declining risk of failure.
D)   all of the above.

Question 15

Which of the following is not a stage in the business life cycle:

Accepted Answer

A)   introduction.
B)   growth.
C)   maturity.
D)   decline.

Question 16

Identify the stages of the business cycle and list one or two characteristics of each stage.

Accepted Answer

The answer of Identify the stages of the business cycle...

Question 17

The "T" in SWOT analysis refers to .

Accepted Answer

The answer of The "T" in SWOT analysis refers to...

Question 18

Mexico is a partner in NAFTA.

Accepted Answer

A) True 
 B)False

Question 19

T F The biggest trading partner of the U.S. (volume of trade) is Japan.

Accepted Answer

A) True 
 B)False

Question 20

Identify and explain the major indicators that a business is in decline and ready for renewal. .

Accepted Answer

The answer of Identify and explain the major indicators that...

Exam 9: The Family Firm Alternative: How Do I Take Over My Familys Business

"Going public" is the most common way for a small business to acquire growth capital.

Which of the following is not an indicator of the need for renewal:

" expansion" means selling what you're already selling to new groups of customers.

" expansion" means selling more of what you're already selling to the customer groups you're already selling to.

The amount of time it takes to recoup the amount of an investment is called the:

When a business is operating at a small percentage of its capacity, the strategy should be to:

The biggest trading partner (volume of trade) of Canada is the U.S.

The renewal stage of the Business Life Cycle is followed by .

Compared to building your own chain of company-owned stores, selling franchises is:

Discuss the dangers of entering into Export Markets for small Canadian firms.

EDC stands for:

It is possible to have increasing sales while the market potential is shrinking.

SWOT analysis examines:

The growth stage of the business cycle is characterized by:

Which of the following is not a stage in the business life cycle:

Identify the stages of the business cycle and list one or two characteristics of each stage.

The "T" in SWOT analysis refers to .

Mexico is a partner in NAFTA.

T F The biggest trading partner of the U.S. (volume of trade) is Japan.

Identify and explain the major indicators that a business is in decline and ready for renewal. .