Question 1

Most decisions about the location of a small firm are influenced by the type of business it conducts.

Accepted Answer

A) True 
 B)False

Question 2

____ goods are high-priced goods that require capable salespeople with selling ability because customers spend much time talking to sales personnel about them.

Accepted Answer

A)  Convenience 
B)  Shopping 
C)  Specialty 
D)  Seasonal 
A)  Convenience 
B)  Shopping 
C)  Specialty 
D)  Seasonal

Question 3

A product layout can use the same general-purpose machines and equipment for several steps in the operation.

Accepted Answer

A) True 
 B)False

Question 4

What is an operating system? What are the productive elements of an operating system?

Accepted Answer

An operating system consists of inputs,

Question 5

For a small business, the advantage of a product layout includes more efficient scheduling of equipment and workers.

Accepted Answer

A) True 
 B)False

Question 6

In the context of small businesses, how can the products and methods of operation be improved?

Accepted Answer

The steps used in designing and improvin

Question 7

Which of the following is true about small service companies?

Accepted Answer

A)  The owner prefers to start the company from a rented office. 
B)  They should be located away from the city, where rental space is too costly. 
C)  They cannot take their activities "on the road" to obtain more income. 
D)  They have some characteristics of both retailers and producers. 
A)  The owner prefers to start the company from a rented office. 
B)  They should be located away from the city, where rental space is too costly. 
C)  They cannot take their activities "on the road" to obtain more income. 
D)  They have some characteristics of both retailers and producers.

Question 8

Service companies, which provide a service for customers, have some characteristics of both retailers and producers.

Accepted Answer

A) True 
 B)False

Question 9

Operating systems:

Accepted Answer

A)  are needed only for businesses that produce goods. 
B)  must be different for different types of businesses. 
C)  consist of the inputs, processes, and outputs of a business. 
D)  focus on the systematic gathering, recording, and analysing of data relating to the marketing of goods and services. 
A)  are needed only for businesses that produce goods. 
B)  must be different for different types of businesses. 
C)  consist of the inputs, processes, and outputs of a business. 
D)  focus on the systematic gathering, recording, and analysing of data relating to the marketing of goods and services.

Question 10

In the context of small businesses, which of the following is true of retailers?

Accepted Answer

A)  They are concerned with people who come to, or are drawn into, the store to make a purchase. 
B)  They emphasize selling products through intermediaries to the ultimate consumer. 
C)  They convert, usually in considerable volume, materials into products. 
D)  They bring the buyer and seller together to negotiate purchases or sales but do not take title to, or possession of, the goods. 
A)  They are concerned with people who come to, or are drawn into, the store to make a purchase. 
B)  They emphasize selling products through intermediaries to the ultimate consumer. 
C)  They convert, usually in considerable volume, materials into products. 
D)  They bring the buyer and seller together to negotiate purchases or sales but do not take title to, or possession of, the goods.

Question 11

How can performance standards be set in small business firms?

Accepted Answer

Performance standards can be set by (1)

Question 12

An advantage of a downtown location for a small business is a low crime rate.

Accepted Answer

A) True 
 B)False

Question 13

What are the factors that influence the location decisions of retailers and producers?

Accepted Answer

The type of business-retailing, producin

Question 14

______ includes all the activities from obtaining raw materials through providing the good or service to the buyer.

Accepted Answer

A)  Marketing 
B)  Resourcing inputs 
C)  Processing 
D)  Production 
A)  Marketing 
B)  Resourcing inputs 
C)  Processing 
D)  Production

Question 15

In the United States, telecommuting leads to reduced stress since the workplace and home become one.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is true of seasonal stores in the United States?

Accepted Answer

A)  They stock high-priced goods that are recognized for the exclusive nature of their clientele. 
B)  Christmas stores are the most prevalent among seasonal stores. 
C)  These stores are allowed to be open only during the "season." 
D)  They are usually located only in shopping centers. 
A)  They stock high-priced goods that are recognized for the exclusive nature of their clientele. 
B)  Christmas stores are the most prevalent among seasonal stores. 
C)  These stores are allowed to be open only during the "season." 
D)  They are usually located only in shopping centers.

Question 17

What are the drawbacks of locating a small business in a shopping center?

Accepted Answer

Some of the most significant disadvantag

Question 18

Which of the following is an advantage of a process layout?

Accepted Answer

A)  It provides flexibility to take care of change and variety. 
B)  It requires less movement of material or people. 
C)  It requires a smaller inventory. 
D)  It requires less space for aisles and storage. 
A)  It provides flexibility to take care of change and variety. 
B)  It requires less movement of material or people. 
C)  It requires a smaller inventory. 
D)  It requires less space for aisles and storage.

Question 19

Which of the following is true about choosing a location for a small business?

Accepted Answer

A)  A business owner chooses a location such that he or she can change it frequently. 
B)  Employees are never adversely affected when a firm changes its location. 
C)  Company location is a major factor in success or failure of the business. 
D)  Customers tend to readily follow the business whenever it shifts locations. 
A)  A business owner chooses a location such that he or she can change it frequently. 
B)  Employees are never adversely affected when a firm changes its location. 
C)  Company location is a major factor in success or failure of the business. 
D)  Customers tend to readily follow the business whenever it shifts locations.

Question 20

A disadvantage of shopping centers is the presence of anchor stores.

Accepted Answer

A) True 
 B)False

Most decisions about the location of a small firm are influenced by the type of business it conducts.

____ goods are high-priced goods that require capable salespeople with selling ability because customers spend much time talking to sales personnel about them.

A product layout can use the same general-purpose machines and equipment for several steps in the operation.

What is an operating system? What are the productive elements of an operating system?

For a small business, the advantage of a product layout includes more efficient scheduling of equipment and workers.

In the context of small businesses, how can the products and methods of operation be improved?

Which of the following is true about small service companies?

Service companies, which provide a service for customers, have some characteristics of both retailers and producers.

Operating systems:

In the context of small businesses, which of the following is true of retailers?

How can performance standards be set in small business firms?

An advantage of a downtown location for a small business is a low crime rate.

What are the factors that influence the location decisions of retailers and producers?

______ includes all the activities from obtaining raw materials through providing the good or service to the buyer.

In the United States, telecommuting leads to reduced stress since the workplace and home become one.

Which of the following is true of seasonal stores in the United States?

What are the drawbacks of locating a small business in a shopping center?

Which of the following is an advantage of a process layout?

Which of the following is true about choosing a location for a small business?

A disadvantage of shopping centers is the presence of anchor stores.

Starting Your Small Business

Family-Owned Businesses

Forms of Ownership of Small Businesses

Maintaining Good Government Relations and Business Ethics

Becoming the Owner of a Small Business

Planning, Organizing, and Managing a Small Business

How to Obtain the Right Financing for Your Business

Developing Marketing Strategies

Promoting and Distributing

How to Obtain and Manage Human Resources and Diversity in Small Companies

How to Maintain Relationships With Your Employees and Their Representatives

Purchasing, Inventory, and Quality Control

Basic Financial Planning

Budgeting and Controlling Operations and Taxes

Using Computer Technology in Small Businesses

Risk Management, Insurance, and Crime Prevention

Filters

Exam 12: Obtaining and Laying Out Operating Facilities

Most decisions about the location of a small firm are influenced by the type of business it conducts.

____ goods are high-priced goods that require capable salespeople with selling ability because customers spend much time talking to sales personnel about them.

A product layout can use the same general-purpose machines and equipment for several steps in the operation.

What is an operating system? What are the productive elements of an operating system?

For a small business, the advantage of a product layout includes more efficient scheduling of equipment and workers.

In the context of small businesses, how can the products and methods of operation be improved?

Which of the following is true about small service companies?

Service companies, which provide a service for customers, have some characteristics of both retailers and producers.

Operating systems:

In the context of small businesses, which of the following is true of retailers?

How can performance standards be set in small business firms?

An advantage of a downtown location for a small business is a low crime rate.

What are the factors that influence the location decisions of retailers and producers?

______ includes all the activities from obtaining raw materials through providing the good or service to the buyer.

In the United States, telecommuting leads to reduced stress since the workplace and home become one.

Which of the following is true of seasonal stores in the United States?

What are the drawbacks of locating a small business in a shopping center?

Which of the following is an advantage of a process layout?

Which of the following is true about choosing a location for a small business?

A disadvantage of shopping centers is the presence of anchor stores.

Starting Your Small Business

Family-Owned Businesses

Forms of Ownership of Small Businesses

Maintaining Good Government Relations and Business Ethics

Becoming the Owner of a Small Business

Planning, Organizing, and Managing a Small Business

How to Obtain the Right Financing for Your Business

Developing Marketing Strategies

Promoting and Distributing

How to Obtain and Manage Human Resources and Diversity in Small Companies

How to Maintain Relationships With Your Employees and Their Representatives

Purchasing, Inventory, and Quality Control

Basic Financial Planning

Budgeting and Controlling Operations and Taxes

Using Computer Technology in Small Businesses

Risk Management, Insurance, and Crime Prevention

Filters