4. (TCO 3) A small business is defined as a company that _____.
is newly launched and has fewer than 100 shareholdersis dominant in its field and employs fewer than 1,500 employeeshas a revenue of less than $750,000is independently owned and operated and not dominant in its fieldis funded through personal lines of credit and has fewer than 1,000 employees
Question 5.5. (TCO 1) Performing a SWOT analysis is part of the _____.
planning functionorganizing functionleading functioncontrolling function
Question 6.6. (TCO 2) One advantage of globalization is _____.
all government regulations are eliminatedall trade barriers are eliminatedproduction costs are reduced because of reduced labor costoppressive governments benefit
Question 7.7. (TCO 3) A strategy for reaching a global market is _____.
licensingimportingdirect marketingdisenfranchisementcontract labor
Question 8.8. (TCO 3) What is not a disadvantage of a corporation?
Initial costExtensive paperworkAbility to raise money for investmentPossible conflict with stakeholders and board of directors
Question 9.9. (TCO 2) _____ are long-term partnerships between two or more companies to jointly develop, produce, or sell products.
Strategic alliancesGlobal franchisesJoint venturesStrategic mergersIncorporated partnerships
Question 10.10. (TCO 3) Starting your own business
is an alternative to unemployment.is not risky.allows others to control your future.is not difficult and does not require sacrifice.
Question 11.11. (TCO 4) Small business owners usually invest little money into new marketing strategies because
marketing is not important.consumers are not interested in marketing ads.marketing is expensive.many small business owners invest money into other areas of the business.
Question 12.12. (TCO 4) The rapid spread of brand communities has been one of the major impacts of social media. The Harley Davidson Owners Group is one example of an informal network of people with similar interests who use social media to bond and share information. Why are these brand communities effective?
The cost of consumer-oriented publications is too expensive.Consumers now trust their peers more than any source for product information.Consumers no longer trust salespeople.State and local consumer protection agencies no longer review products.
Question 13.13. (TCO 4) Successfully distributing goods to customers involves low cost and customer satisfaction. Several steps must take place in order to reach this goal. Which step need NOT be considered in the physical distribution of goods?
Order processingMarket segmentationInventory controlTransportation
Question 14.14. (TCO 5) The steps to Mining Group Gold include
defining the behavioral parameters of a unique subset of cultures.establishing a zone of proximal development.setting expectations for reasonableness of the ideas presented.establishing clear and concise expectations of factual information.conducting a series of time-checks throughout the meeting.
Question 15.15. (TCO 6) Which of the following departments would be responsible for manufacturing?
MarketingHuman ResourcesProductionResearch and Development
Question 16.16. (TCO 7) Financial accounting includes which one of the following?
The preparation and distribution of an a periodic reportA summarization of the costs of productionThe preparation of departmental budgetsCompliance with the Financial Accounting Standards Board (FASB) guidelinesReviewing and evaluating the information used to prepare a company’s financial statements
Question 17.17. (TCO 7) _____ is a financial management function and a part of financial planning.
Understanding and allocating operational needsDisestablishing a capital budgetCreating a long-term forecastEstablishing a strategic planning vision
Creating a short-term shipping forecast
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here