Question 1

A vertical merger occurs between firms at different levels in the distribution channel.

Accepted Answer

A) True 
 B)False

Question 2

All of the following organizations are regularly and directly involved in sponsoring business incubators EXCEPT ________.

Accepted Answer

A)  the federal government 
B)  colleges and universities 
C)  not-for-profit organizations 
D)  profit-seeking businesses 
A)  the federal government 
B)  colleges and universities 
C)  not-for-profit organizations 
D)  profit-seeking businesses

Question 3

Compared to large businesses,which of the following statements regarding small businesses is INCORRECT?

Accepted Answer

A)  Small businesses are less likely to hire young employees. 
B)  Small businesses are less likely to develop new products. 
C)  Small businesses are more likely to be franchises. 
D)  Small businesses are more likely to be eligible for government loans or for government purchasing programs. 
A)  Small businesses are less likely to hire young employees. 
B)  Small businesses are less likely to develop new products. 
C)  Small businesses are more likely to be franchises. 
D)  Small businesses are more likely to be eligible for government loans or for government purchasing programs.

Question 4

Chen is a franchisee of a local retail shop.One of his chief concerns regarding owning a franchise is that:

Accepted Answer

A)  The franchising agreement is too restrictive. 
B)  The franchisor provides him with a wide range of support. 
C)  The franchise has the benefit of name recognition. 
D)  The franchisor can negotiate better deals on ingredients,supplies,and real estate,because of its financial strength. 
A)  The franchising agreement is too restrictive. 
B)  The franchisor provides him with a wide range of support. 
C)  The franchise has the benefit of name recognition. 
D)  The franchisor can negotiate better deals on ingredients,supplies,and real estate,because of its financial strength.

Question 5

Strict franchise agreements help to maintain the integrity of the brand.

Accepted Answer

A) True 
 B)False

Question 6

The Canada Small Business Financing Program (CSBFP)is the major lending source for small businesses needing additional funds.

Accepted Answer

A) True 
 B)False

Question 7

Which one of the following duties is exclusively the responsibility of the Board of Directors in a corporation? ______

Accepted Answer

A)  Managing overall operations 
B)  Supervise employees 
C)  Introduce major changes 
D)  Setting overall policy 
A)  Managing overall operations 
B)  Supervise employees 
C)  Introduce major changes 
D)  Setting overall policy

Question 8

The advertising plan for a franchise is usually put together by the ________.

Accepted Answer

A)  franchisee 
B)  advertising agency 
C)  franchisor 
D)  co-owners 
A)  franchisee 
B)  advertising agency 
C)  franchisor 
D)  co-owners

Question 9

Explain the role of corporate management.

Accepted Answer

Stockholders own the corporation and ele

Question 10

Small businesses produce fewer patents per year than large businesses.

Accepted Answer

A) True 
 B)False

Question 11

Discuss the economic and social contributions of small business.

Accepted Answer

Small businesses create more than half o

Question 12

Of the following industries,which is most likely to be owned by a small business owner?

Accepted Answer

A)  nursing homes 
B)  paper mills 
C)  home building 
D)  electric utilities 
A)  nursing homes 
B)  paper mills 
C)  home building 
D)  electric utilities

Question 13

Financial forecasts are almost impossible to determine for new businesses,and therefore omitted from the initial business plan.

Accepted Answer

A) True 
 B)False

Question 14

Venture Capitalists will only invest in companies when the economy is strong.

Accepted Answer

A) True 
 B)False

Question 15

Compare and contrast the three forms of business ownership.

Accepted Answer

The three forms of business ownership ar

Question 16

_____ is a contractual agreement that specifies the methods by which a dealer can produce and market a supplier's good or service.

Accepted Answer

A) sole proprietorship 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising 
A) sole proprietorship 
B) small business 
C) corporation 
D) merger 
E) acquisition
F)horizontal merger
G)conglomerate merger
H)cooperative
I)vertical merger
J)business incubators
K)business plan
L)closed corporation
M)preferred stock
N)franchising

Question 17

Haseem owns a small business and needs assistance on a variety of issues.The Business Development Bank of Canada (BDC)can help him by providing all of the following EXCEPT: ________.

Accepted Answer

A)  government procurement 
B)  Management training skills 
C)  technical assistance 
D)  financial assistance 
A)  government procurement 
B)  Management training skills 
C)  technical assistance 
D)  financial assistance

Question 18

Franchising overseas is too difficult for most companies.

Accepted Answer

A) True 
 B)False

Question 19

Statistics show that most failures in small businesses happen because of poor management.

Accepted Answer

A) True 
 B)False

Question 20

The joining of Chemical Bank and Chase Manhattan Bank was an example of a ________.

Accepted Answer

A)  conglomerate merger 
B)  horizontal merger 
C)  vertical merger 
D)  joint venture 
A)  conglomerate merger 
B)  horizontal merger 
C)  vertical merger 
D)  joint venture

A vertical merger occurs between firms at different levels in the distribution channel.

All of the following organizations are regularly and directly involved in sponsoring business incubators EXCEPT ________.

Compared to large businesses,which of the following statements regarding small businesses is INCORRECT?

Chen is a franchisee of a local retail shop.One of his chief concerns regarding owning a franchise is that:

Strict franchise agreements help to maintain the integrity of the brand.

The Canada Small Business Financing Program (CSBFP)is the major lending source for small businesses needing additional funds.

Which one of the following duties is exclusively the responsibility of the Board of Directors in a corporation? ______

The advertising plan for a franchise is usually put together by the ________.

Explain the role of corporate management.

Small businesses produce fewer patents per year than large businesses.

Discuss the economic and social contributions of small business.

Of the following industries,which is most likely to be owned by a small business owner?

Financial forecasts are almost impossible to determine for new businesses,and therefore omitted from the initial business plan.

Venture Capitalists will only invest in companies when the economy is strong.

Compare and contrast the three forms of business ownership.

_____ is a contractual agreement that specifies the methods by which a dealer can produce and market a supplier's good or service.

Haseem owns a small business and needs assistance on a variety of issues.The Business Development Bank of Canada (BDC)can help him by providing all of the following EXCEPT: ________.

Franchising overseas is too difficult for most companies.

Statistics show that most failures in small businesses happen because of poor management.

The joining of Chemical Bank and Chase Manhattan Bank was an example of a ________.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters

Exam 5: Forms of Business Ownership and Organization

A vertical merger occurs between firms at different levels in the distribution channel.

All of the following organizations are regularly and directly involved in sponsoring business incubators EXCEPT ________.

Compared to large businesses,which of the following statements regarding small businesses is INCORRECT?

Chen is a franchisee of a local retail shop.One of his chief concerns regarding owning a franchise is that:

Strict franchise agreements help to maintain the integrity of the brand.

The Canada Small Business Financing Program (CSBFP)is the major lending source for small businesses needing additional funds.

Which one of the following duties is exclusively the responsibility of the Board of Directors in a corporation? ______

The advertising plan for a franchise is usually put together by the ________.

Explain the role of corporate management.

Small businesses produce fewer patents per year than large businesses.

Discuss the economic and social contributions of small business.

Of the following industries,which is most likely to be owned by a small business owner?

Financial forecasts are almost impossible to determine for new businesses,and therefore omitted from the initial business plan.

Venture Capitalists will only invest in companies when the economy is strong.

Compare and contrast the three forms of business ownership.

_____ is a contractual agreement that specifies the methods by which a dealer can produce and market a supplier's good or service.

Haseem owns a small business and needs assistance on a variety of issues.The Business Development Bank of Canada (BDC)can help him by providing all of the following EXCEPT: ________.

Franchising overseas is too difficult for most companies.

Statistics show that most failures in small businesses happen because of poor management.

The joining of Chemical Bank and Chase Manhattan Bank was an example of a ________.

The Changing Face of Business

Business Ethics and Social Responsibility

Economic Challenges Facing Contemporary Business

Competing in World Markets

Starting Your Own Business: The Entrepreneurship Alternative

Management, Leadership, and the Internal Organization

Human Resource Management: From Recruitment to Labour Relations

Top Performance through Empowerment, Teamwork, and Communication

Production and Operations Management

Customer-Driven Marketing

Product and Distribution Strategies

Promotion and Pricing Strategies

Using Technology to Manage Information

Understanding Accounting and Financial Statements

The Financial System

Financial Management

Filters