Get answers at Business Management Assignment

Nearly half the U.S.'s gross domestic product is generated by small businesses False1 points  QUESTION 2

1.  True

1. Which of the following is not an advantage of owning a small business?
2. Working fewer hours than in a corporate job
3. creative freedom
4. independence
5. financial rewards
6. 
   

1 points  

QUESTION 3

1. Kevin has considered selling franchises of his very successful hardware store. However, he is concerned that the franchises will destroy the reputation of the company and end up hurting his business. What advice would you give Kevin?
2. a.He should not sell franchises because he will have no control over how the franchisees operate their businesses.b.Although he will have a little control over how the franchises operate, he will not be able to influence their advertising or level of service.c.He should hire the managers of the new franchises so that he has control over their operations.d.He should instead raise the capital to build and operate the new stores himself because this is a cheaper way to expand.e.Through the franchise agreement, he can ensure that the new stores are operated according to his own standards.
3. 
   

1 points  

QUESTION 4

1. The Small Business Administration provides all of the following except:
2. loans
3. help writing a business plan
4. training courses and technical advice
5. loan guarantees
6. 
   

1 points  

QUESTION 5

1. You have been running a successful art and framing shop for three years. You have decided to allow others to use your business name, materials, and methods in operating their own business for a fee. You are going to enter a
2. a.business contraction.b.small-business development center.c.franchise agreement.d.venture capitalist agreement.e.joint venture.
3. 
   

1 points  

QUESTION 6

1. Cindy compiles a business plan for a business she hopes to start. This plan should answer all of the following questions except
2. a.How much will the new business cost?b.What is the nature and mission of the business?c.How often will the business have a sale?d.Why is this new business a good idea?e.What are Cindy's goals for the business?
3. 
   

1 points  

QUESTION 7

1. In the long term most small businesses succeed
2. .
3.  True
4.  False
5. 
   

1 points  

QUESTION 8

1. All small business owners are entrepreneurs
2.  True
3.  False
4. 
   

1 points  

QUESTION 9

1. An investor who is considering investing in Diane's Burger Bar would not likely want to see her business plan.
2.  True
3.  False
4. 
   

1 points  

QUESTION 10

1. Some advantages of the sole proprietorship also apply to the small business.
2.  True
3.  False
4. 
   

1 points  

QUESTION 11

1. There is much less likelihood of failure with a franchised outlet than with an independently owned small business.
2.  True
3.  False
4. 
   

1 points  

QUESTION 12

1. Small businesses employ fewer than 10% of all U.S. workers
2.  True
3.  False
4. 
   

1 points  

QUESTION 13

1. Most small businesses are in the manufacturing sector
2. .
3.  True
4.  False
5. 
   

1 points  

QUESTION 14

1. Which of the following is not a way to become a small business owner?
2. Purchasing a franchise
3. Starting a business from scratch
4. Getting a job in a large corporation
5. Buying an existing small business
6. 
   

1 points  

QUESTION 15

1. The purchaser of a franchise is called the franchisor.
2.  True
3.  False
4. 
   

1 points  

QUESTION 16

1. All of the following are reasons that a small business fails except:
2. cash flow
3. poor customer service
4. managerial inexperience
5. innovative ideas
6.