Small Business Management, PLEASE HELP

Posted on 2014-03-18 11:55:00 in Management by TORRIE

Question 9



Ownership in a corporation



a. is difficult to transfer.



b.is more easily transferable than ownership in other forms of organization.



c. is transferred in much the same way as stock in a partnership.



d. noticeably affects the operation of the business.



1 points

Question 10



Lauren, a partner in Jales & Jales Bonding Company, manages its day-to-day operations. She is considered to be a _____ partner.



a. directing



b. general



c. limited



d. operating



1 points

Question 11



John created Acme Online to allow paper suppliers to compete for manufacturers' orders over the Internet in live auctions. This model would best be described as



a. B2B.



b. B2C.



c. C2B.



d. C2C.



1 points

Question 12



Which statement is true about location decisions?



a. Franchisers assist entrepreneurs with location decisions.



b. Location decisions have an temporary effect on business operations.



c. Location decisions should be made independently of consumer needs.



d. The location decision is equally critical to all types of businesses.



1 points

Question 13



For many new firms, the most important reason to lease rather than buy a facility is



a. avoidance of a large cash outlay.



b. freedom in modifying the building.



c. avoidance of interest payments.



d. avoidance of liability lawsuits.



1 points

Question 14



Businesses that operate in the home



a. can increase profits by decreasing costs.



b. require customer traffic.



c. are called family businesses.



d. are less common today than they were 10 years ago.



Question 15



Harry is starting a business where he restores homes built before 1900 and is purchasing used equipment, specifically lathes, planing mills, and drill presses. This equipment is would be an example of what type?



a. Special-purpose



b. Product-layout



c. General-purpose



d. Automated





Question 16



Why are gas stations frequently located at the interchanges of interstate highways?



a. The site provides easy access to raw materials



b. The site is easy to find at night.



c. The site provides tax incentives because many are in rural areas.



d. The site provides easy access to both customers and transportation.





Question 17



Garland uses the family room of his home for his business. The children share his computer for their homework and games. The family room also contains the TV and homework space for the children. The IRS is likely to disallow his deduction for this space because:



a. a separate space must be clearly set aside for the sole use of the business.



b. his business did not generate enough income to qualify as a real business.



c. no deduction is allowed for space in the home used for a business.



d. the IRS designates any home-based business as a hobby and hobby expenses are not deductible.



Question 18



Callista can locate her business in any state regardless of its weather because she sells:



a. air conditioners.



b. outdoor swimming pools.



c. consumer yard irrigation systems.



d. mattresses.



Question 19



Helen is planning to open a high-fashion clothing store for young professional women. Which descriptor is the most important consideration for the fixtures?



a.Economical



b. Elegant



c. Feminine



d. Practical



Question 20



Eaton is writing the location plan for his business plan. He should be sure to include his requirements for office equipment because:



a. this is the largest expense he will have for his start-up.



b. he does not plan to work from home.



c. it is important to present the proper image to his clients.



d. the cost for this equipment needs to be included in his financial plan.

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