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Foundations, Chapter 5

Quiz by Cristina Nader

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7 questions
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  • Q1
    Which areas of business generally attract the smallest businesses?
    transport, agriculture, finance
    publishing, advertising, sales
    real estate, hospitality, and construction
    health, technology, health care
  • Q2
    What are the major causes exclusive to small-business failure?
    all of the above
    none of the above
    lack of experience, lack of money, the wrong location
    mismanagement of inventory, poor credit-granting practices, poorly planned expansion
  • Q3
    What is NOT a contribution of small business to the American economy?
    employ approximately one-half of all nongovernment workers
    provide technical innovation
    increased amount of charity work
    provide competition
  • Q4
    What is component number seven (of twelve) of a business plan?
    manufacturing and operations plan
    company and industry
    critical risks and assumptions
    labor force
  • Q5
    What is the only form of SBA assistance NOT limited to small businesses?
    Small-business investment companies (SBICs) provide venture capital to small firms that have the potential to become very successful.
    SBA disaster loans are the primary form of federal assistance for the repair and rebuilding of non-farm, private-sector disaster losses.
    The SBA grants regular business loans.
  • Q6
    What is one general category of franchising arrangements?
    can combine the pass-through taxation.
    required to have 100 shareholders or less.
    a producer licenses distributors to sell a given product to retailers.
  • Q7
    What is one major benefit of franchising for the franchisee?
    Fast and selective distribution of its products.
    Separate legal identity.
    The opportunity to start a business with limited capital.

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