Question 1

E-commerce can provide a benefit to startups with early cash flow problems by compressing the sales cycle.

Accepted Answer

A) True 
 B)False

Question 2

Match the term with its definition.
-Local laws regulating land use

Accepted Answer

A) auction sites 
B) brick-and-mortar facility 
C) business incubator 
D) business-to-business (B2
B)  model 
E) business-to-customer (B2
C)  model
F)consumer-to-consumer (C2
C)  model
G)content-based model
H)disintermediation
I)e-commerce
J)general-purpose equipment
K)home-based business
L)information-based model
M)special-purpose equipment
N)transaction-based model
O)zoning ordinances 
A) auction sites 
B) brick-and-mortar facility 
C) business incubator 
D) business-to-business (B2
B)  model 
E) business-to-customer (B2
C)  model
F)consumer-to-consumer (C2
C)  model
G)content-based model
H)disintermediation
I)e-commerce
J)general-purpose equipment
K)home-based business
L)information-based model
M)special-purpose equipment
N)transaction-based model
O)zoning ordinances

Question 3

A good reason for relocating a typical manufacturing business is to

Accepted Answer

A)  stabilize income taxes. 
B)  increase customer traffic. 
C)  be closer to a pool of highly skilled labor. 
D)  provide free-flow space. 
A)  stabilize income taxes. 
B)  increase customer traffic. 
C)  be closer to a pool of highly skilled labor. 
D)  provide free-flow space.

Question 4

A home location is still almost always considered a temporary situation until the business grows.

Accepted Answer

A) True 
 B)False

Question 5

The amount of square feet of office area per employee has increased significantly in recent years.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is an advantage for choosing a hometown as a location for a new business venture?

Accepted Answer

A)  The entrepreneur knows the landmarks around his or her home community. 
B)  It may be easier to establish credit. 
C)  The entrepreneur is more likely than an outsider to be offered a better price on a building or land to locate his or her business. 
D)  The risk is significantly reduced. 
A)  The entrepreneur knows the landmarks around his or her home community. 
B)  It may be easier to establish credit. 
C)  The entrepreneur is more likely than an outsider to be offered a better price on a building or land to locate his or her business. 
D)  The risk is significantly reduced.

Question 7

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

Accepted Answer

A)  B2B. 
B)  B2C. 
C)  C2B. 
D)  C2C. 
A)  B2B. 
B)  B2C. 
C)  C2B. 
D)  C2C.

Question 8

Which of the following would be a critical consideration in the location decision for a manufacturing business?

Accepted Answer

A)  Future advertising costs 
B)  Access to key suppliers 
C)  An appropriate labor supply 
D)  Customer accessibility 
A)  Future advertising costs 
B)  Access to key suppliers 
C)  An appropriate labor supply 
D)  Customer accessibility

Question 9

For small businesses, the Internet tends to blur ____ boundaries.

Accepted Answer

A)  industry 
B)  geographic 
C)  skill-dependent 
D)  technological 
A)  industry 
B)  geographic 
C)  skill-dependent 
D)  technological

Question 10

Customer accessibility is vital in industries in which the cost of shipping the finished product is high relative to the product's value.

Accepted Answer

A) True 
 B)False

Question 11

A brick-and-mortar store is actually a general term that refers to a retail outlet dealing in building supplies.

Accepted Answer

A) True 
 B)False

Question 12

It is possible for an entrepreneur to do business over the Internet without creating either a website or a storefront.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is NOT one of the five key factors in determining a good business location?

Accepted Answer

A)  The entrepreneur's personal preference 
B)  Business plan complexity 
C)  Business environment conditions 
D)  Site availability and costs 
A)  The entrepreneur's personal preference 
B)  Business plan complexity 
C)  Business environment conditions 
D)  Site availability and costs

Question 14

Discuss the attractions and challenges of operating a home-based business.

Accepted Answer

Attractions include financial considerat

Question 15

According to the International Facility Management Association, nearly _____ percent of office spaces today follow the _____ concept.

Accepted Answer

A)  25; flexible office 
B)  45; open-design 
C)  70; open-design 
D)  90; flexible office 
A)  25; flexible office 
B)  45; open-design 
C)  70; open-design 
D)  90; flexible office

Question 16

A website built on the content-based model offers only information about a business, its products, and other related matters.

Accepted Answer

A) True 
 B)False

Question 17

A variation of the information-based model is sometimes called the _____ model.

Accepted Answer

A)  electronic 
B)  emerging 
C)  content-based 
D)  transaction-based 
A)  electronic 
B)  emerging 
C)  content-based 
D)  transaction-based

Question 18

Which emerging model of e-commerce is used to generate considerable income from advertising?

Accepted Answer

A)  B2C 
B)  Disintermediation 
C)  Blogging 
D)  Auction site 
A)  B2C 
B)  Disintermediation 
C)  Blogging 
D)  Auction site

Question 19

Local zoning ordinances typically do not apply to home-based businesses.

Accepted Answer

A) True 
 B)False

Question 20

For many small business owners, the most important reason to lease rather than buy a facility is

Accepted Answer

A)  avoidance of a large cash outlay. 
B)  freedom in modifying the building. 
C)  avoidance of interest payments. 
D)  avoidance of liability lawsuits. 
A)  avoidance of a large cash outlay. 
B)  freedom in modifying the building. 
C)  avoidance of interest payments. 
D)  avoidance of liability lawsuits.

Exam 9: The Location Plan

E-commerce can provide a benefit to startups with early cash flow problems by compressing the sales cycle.

Match the term with its definition. -Local laws regulating land use

A good reason for relocating a typical manufacturing business is to

A home location is still almost always considered a temporary situation until the business grows.

The amount of square feet of office area per employee has increased significantly in recent years.

Which of the following is an advantage for choosing a hometown as a location for a new business venture?

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

Which of the following would be a critical consideration in the location decision for a manufacturing business?

For small businesses, the Internet tends to blur ____ boundaries.

Customer accessibility is vital in industries in which the cost of shipping the finished product is high relative to the product's value.

A brick-and-mortar store is actually a general term that refers to a retail outlet dealing in building supplies.

It is possible for an entrepreneur to do business over the Internet without creating either a website or a storefront.

Which of the following is NOT one of the five key factors in determining a good business location?

Discuss the attractions and challenges of operating a home-based business.

According to the International Facility Management Association, nearly _____ percent of office spaces today follow the _____ concept.

A website built on the content-based model offers only information about a business, its products, and other related matters.

A variation of the information-based model is sometimes called the _____ model.

Which emerging model of e-commerce is used to generate considerable income from advertising?

Local zoning ordinances typically do not apply to home-based businesses.

For many small business owners, the most important reason to lease rather than buy a facility is

The Entrepreneurial Lifethe Entrepreneurial Life

Integrity, Ethics, and Social Entrepreneurship

Starting a Small Business

Franchises and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Organizational Plan: Teams, Legal Structures, Alliances, and Directors

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product Development and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Businesses

Professional Management and the Small Business

Managing Human Resources

Managing Small Business Operations

Managing the Firms Assets

Managing Risk

Filters

According to the International Facility Management Association, nearly _ percent of office spaces today follow the _ concept.