Question 1

Attempting to make oneself seem more accomplished than reality is referred to as:

Accepted Answer

A)   aggrandizing.
B)   poisoning the well.
C)   moonlighting.
D)   cannibalizing. A

Question 2

There are two key groups outside one's business with which one must deal-customers and investors.

Accepted Answer

A) True 
 B)False  False

Question 3

Which of the following best describes conflict of interest?

Accepted Answer

A)   Sarah works a full-time day job as a waitress and then runs a part-time baby-sitting service at night.
B)   Cathy,who does computer repairs,lies to customers about having an office downtown when she actually works part-time from her home.
C)   Jenson misses his deadlines at his full-time day job because he works late nights as a part-time music producer.
D)   Ken uses the money he gets from his full-time job as a chef to run his part-time business of graphic designing. C

Question 4

Which of the following is true with regard to home retail?

Accepted Answer

A)   The disadvantages of home businesses include the slow speed and difficulty of setup.
B)   The ability to do the work away from home and employer minimizes potential conflicts.
C)   The advantage of home retail is that it provides a high steady income.
D)   The high cost of getting started is one of the drawbacks of home retail.

Question 5

Smith & Roden Enterprises (SRE),a law firm,paid a leading search engine to put their company's website at the top of the search engine's search list.This form of advertising used by SRE for promotion of their firm is known as _____.

Accepted Answer

A)   sponsored link
B)   embedded placement
C)   trackback submitter
D)   benchmarking

Question 6

Differentiate between stand retail and home retail by explaining the advantages and disadvantages of each.

Accepted Answer

The answer of Differentiate between stand retail and home retail...

Question 7

In door-to-door selling,_____ refers to getting the customer to agree to buy.

Accepted Answer

A)   opening
B)   promoting
C)   auctioning
D)   closing

Question 8

One of the most ancient forms of small business is:

Accepted Answer

A)   stand retailing.
B)   auctioning.
C)   mail order.
D)   licensing.

Question 9

Which of the following is true about a hosting package?

Accepted Answer

A)   It should include at least 1 terabyte of traffic a month for an informational site.
B)   It should give at least five web pages of space to tell a story.
C)   It should include at least two e-mail accounts using ones domain name.
D)   It should include an online website editor so one can make changes to his or her site without buying web-authoring software.

Question 10

All of the following are success factors to "stand retail" EXCEPT that:

Accepted Answer

A)   it tends to be either semipermanent ones or movable ones.
B)   it needs to be built in places where there is less foot or vehicle traffic.
C)   it can be quickly established.
D)   it does not require a lot of investment in inventory.

Question 11

Which of the following part-time business approaches does the door-to-door model represent?

Accepted Answer

A)   Auctioning
B)   Consignment tracking
C)   Home retail
D)   Mail order

Question 12

A web page in which entries are posted in reverse chronological order is a known as a:

Accepted Answer

A)   blog.
B)   variance.
C)   search engine.
D)   push service.

Question 13

_____ refers to working for self for 35 or fewer hours a week.

Accepted Answer

A)   Franchising
B)   Full-time self-employment
C)   Aggrandizing
D)   Part-time self-employment

Question 14

_____ refers to a fee the service levels on a person or a firm for any variety of problems related to the sale.

Accepted Answer

A)   Payback
B)   Overhead cost
C)   Chargeback
D)   Optional cost

Question 15

Moonlighting refers to working on one's own part-time job after one's regular job.

Accepted Answer

A) True 
 B)False

Question 16

Contracting with people or companies outside one's business to get work done for the business is known as:

Accepted Answer

A)   benchmarking.
B)   bootstrapping.
C)   outsourcing.
D)   licensing.

Question 17

An advantage of home businesses is the highly variable income that it produces.

Accepted Answer

A) True 
 B)False

Question 18

For new entrepreneurs,which of the following would be a good reason to undertake a part-time business first before a full-time one?

Accepted Answer

A)   To buy an existing business
B)   To gain basic experience
C)   To open a franchise
D)   To increase competition in a specific industry

Question 19

Why are websites important even for small businesses?

Accepted Answer

The answer of Why are websites important even for small...

Question 20

The assignment of work to others over whom one has power is referred to as:

Accepted Answer

A)   delegation.
B)   adverse possession.
C)   benchmarking.
D)   zoning.

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

Attempting to make oneself seem more accomplished than reality is referred to as:

There are two key groups outside one's business with which one must deal-customers and investors.

Which of the following best describes conflict of interest?

Which of the following is true with regard to home retail?

Smith & Roden Enterprises (SRE) ,a law firm,paid a leading search engine to put their company's website at the top of the search engine's search list.This form of advertising used by SRE for promotion of their firm is known as _____.

Differentiate between stand retail and home retail by explaining the advantages and disadvantages of each.

In door-to-door selling,_____ refers to getting the customer to agree to buy.

One of the most ancient forms of small business is:

Which of the following is true about a hosting package?

All of the following are success factors to "stand retail" EXCEPT that:

Which of the following part-time business approaches does the door-to-door model represent?

A web page in which entries are posted in reverse chronological order is a known as a:

_____ refers to working for self for 35 or fewer hours a week.

_____ refers to a fee the service levels on a person or a firm for any variety of problems related to the sale.

Moonlighting refers to working on one's own part-time job after one's regular job.

Contracting with people or companies outside one's business to get work done for the business is known as:

An advantage of home businesses is the highly variable income that it produces.

For new entrepreneurs,which of the following would be a good reason to undertake a part-time business first before a full-time one?

Why are websites important even for small businesses?

The assignment of work to others over whom one has power is referred to as: