Question 1

_____ means getting the customer to agree to buy.

Accepted Answer

A) Opening 
B) Promoting 
C) Auctioning 
D) Closing

Question 2

Which of the following statements about the key considerations for part-time small business start-ups is false?

Accepted Answer

A) You want a low cost of start-up,since you probably will not have a lot of money to invest. 
B) The more time and energy you spend preparing for a small-scale part-time business,the shorter it takes to make a profit. 
C) In most cases,the cost to start-up and the time to market are closely related. 
D) The fundamental idea of permanence is that customers want to know if the firm is likely to be around for awhile,to provide customer service and future sales.

Question 3

What are the main concerns when individuals moonlight? Explain.

Accepted Answer

The answer of What are the main concerns when individuals...

Question 4

List the key ideas of bootstrapping.

Accepted Answer

The answer of List the key ideas of bootstrapping....

Question 5

Why are part-time businesses important? Explain.

Accepted Answer

The answer of Why are part-time businesses important? Explain....

Question 6

Which of the following pertains to consignment shops?

Accepted Answer

A) They permit full-time sales with full-time involvement from you 
B) They are high-risk level undertakings 
C) They have low profitability because of seller fees 
D) They have limited flexibility

Question 7

There are two key groups outside your business with whom you must deal - customers and investors.

Accepted Answer

A) True 
 B)False

Question 8

Discuss the key considerations for assessing part-time business approaches.

Accepted Answer

The answer of Discuss the key considerations for assessing part-time...

Question 9

The limitations imposed on your property by your neighborhood group are known as

Accepted Answer

A) pacts. 
B) covenants. 
C) volatilities. 
D) aggrandizements.

Question 10

Part-time businesses are important for which of the following reasons?

Accepted Answer

A) They are important and necessary for our global competitiveness. 
B) Majority of new inventions have come from part-time self-employed businesses. 
C) Part-time self-employment is the way most people start in entrepreneurship. 
D) Part-time businesses provide the cheap labor for large businesses and full-time entrepreneurs.

Question 11

Products like music and cell phones are examples of the kind of goods we buy as individuals.This type of e-commerce is called

Accepted Answer

A) business-to-business (B2
B) . 
B) business-to-consumer (B2
C) . 
C) consumer-to-consumer (C2
C) . 
D) business-to-Internet (B2I).

Question 12

Bootstrapping refers to finding a low-cost or no-cost way to do something.

Accepted Answer

A) True 
 B)False

Question 13

Delegation does NOT make sense in which of the following situations?

Accepted Answer

A) When you want your business to operate in two places at once. 
B) When trust is low and employees lack skills. 
C) When you want your business to operate when you are not present. 
D) When others can do things better than you.

Question 14

Full-time approaches include all of the following EXCEPT

Accepted Answer

A) buying or inheriting existing businesses. 
B) stand retailing. 
C) franchising. 
D) opening a new full-time business.

Question 15

_____ means taking business away from your employer.

Accepted Answer

A) Bootstrapping 
B) Licensing 
C) Cannibalizing 
D) Aggrandizing

Question 16

Most people start in entrepreneurship via part-time self-employment.

Accepted Answer

A) True 
 B)False

Question 17

Part-time self-employment represents a very minor portion of all current entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 18

"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."

-If Elizabeth wants to have a full-time sale with only part-time involvement,she should consider

Accepted Answer

A) consignment stores. 
B) home retailing. 
C) bootstrapping. 
D) stand retailing.

Question 19

In _____ sales,one firm sells to another firm.

Accepted Answer

A) business-to-business (B2
B) . 
B) business-to-consumer (B2
C) . 
C) consumer-to-consumer (C2
C) . 
D) business-to-Internet (B2I).

Question 20

The frequency of business starts and stops is referred to as

Accepted Answer

A) volatility. 
B) aggrandizing. 
C) bootstrapping. 
D) moonlighting.

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

_____ means getting the customer to agree to buy.

Which of the following statements about the key considerations for part-time small business start-ups is false?

What are the main concerns when individuals moonlight? Explain.

List the key ideas of bootstrapping.

Why are part-time businesses important? Explain.

Which of the following pertains to consignment shops?

There are two key groups outside your business with whom you must deal - customers and investors.

Discuss the key considerations for assessing part-time business approaches.

The limitations imposed on your property by your neighborhood group are known as

Part-time businesses are important for which of the following reasons?

Products like music and cell phones are examples of the kind of goods we buy as individuals.This type of e-commerce is called

Bootstrapping refers to finding a low-cost or no-cost way to do something.

Delegation does NOT make sense in which of the following situations?

Full-time approaches include all of the following EXCEPT

_____ means taking business away from your employer.

Most people start in entrepreneurship via part-time self-employment.

Part-time self-employment represents a very minor portion of all current entrepreneurship.

In _____ sales,one firm sells to another firm.

The frequency of business starts and stops is referred to as