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Q 1/20
Score 0
Which of the following organizations promotes the commercial interests of a community and consists of small business owners, entrepreneurs, government leaders, and other interested individuals?
30
Small business development corporation
Conflict of interest
Chamber of commerce
Better Business Bureau
Q 2/20
Score 0
The SBA considers for-profit companies that are independently owned and operated and are not dominant in their field to be _____.
30
Enterprise zones
Small businesses
Joint ventures
Service organizations
20 questions
Q.
Which of the following organizations promotes the commercial interests of a community and consists of small business owners, entrepreneurs, government leaders, and other interested individuals?
1
30 sec
Q.
The SBA considers for-profit companies that are independently owned and operated and are not dominant in their field to be _____.
2
30 sec
Q.
When conducting business in another country, an entrepreneur needs to take into consideration the rate at which one currency can be converted into another. This is known as the ___________.
3
30 sec
Q.
A business operates and manufactures products in the U.S. and ships these products to be sold in Canada. This is an example of _________.
4
30 sec
Q.
An American business brings in products from Mexico for future sale. This is an example of _________.
5
30 sec
Q.
A shipping company that transports goods from a manufacturer to a retail store is considered part of a(n) _____.
6
30 sec
Q.
Rather than manufacturing a new good or providing a new service, an entrepreneur may decide to go into global business through _____.
7
30 sec
Q.
To sell your product in a country that does not allow foreign-owned businesses, you could work with an established local business through a _____.
8
30 sec
Q.
What is a tariff?
9
30 sec
Q.
What is the purpose of a tariff?
10
30 sec
Q.
The fee that franchisees must continually pay the franchisor to keep operating the franchise is a _____.
11
30 sec
Q.
One of the advantages of a family-owned business is _____.
12
30 sec
Q.
The money and other assets owned by a business or person are called _____.
13
30 sec
Q.
A for-profit business that is owned and operated by a single person is known as a _____.
14
30 sec
Q.
In some states, a DBA license is known as a(n) _____.
15
30 sec
Q.
A person who invests in a business but takes no part in the day-to-day operations of the business is called a(n) _____.
16
30 sec
Q.
A partnership carries the risk of _____.
17
30 sec
Q.
A corporation that pays taxes on profits and provides personal liability protection for its owners is a _____.
18
30 sec
Q.
A subchapter S corporation is intended for small businesses that have _____.