Question 1

Many of today's most successful high-technology companies began as small businesses.

Accepted Answer

A) True 
 B)False

Question 2

Complete the following using the terms listed below.
-A(n) ______ is independently owned and operated, and is responsible for almost 30 percent of the nation's gross domestic product.

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 3

Shareholders are the de-facto owners of a corporation.

Accepted Answer

A) True 
 B)False

Question 4

Investing in a franchise guarantees profit to the franchisee.

Accepted Answer

A) True 
 B)False

Question 5

Class action lawsuits filed against drug manufacturers are filed against the corporations themselves, NOT the owners of these corporations.

Accepted Answer

A) True 
 B)False

Question 6

Most small businesses get their startup money from ______.

Accepted Answer

A)  commercial banks 
B)  credit card companies 
C)  family members 
D)  investors 
A)  commercial banks 
B)  credit card companies 
C)  family members 
D)  investors

Question 7

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 8

Discuss the economic and social contributions of small business.

Accepted Answer

Small businesses create more than half o

Question 9

Owners of small businesses can increase their chances of success if they

Accepted Answer

A)  become an expert in legal, financial, marketing, and other related business areas. 
B)  incorporate their business. 
C)  hire only family members or friends. 
D)  understand their own limitations. 
A)  become an expert in legal, financial, marketing, and other related business areas. 
B)  incorporate their business. 
C)  hire only family members or friends. 
D)  understand their own limitations.

Question 10

A joint venture is a partnership between companies formed for a specific purpose. The companies share the investment, the risk, and the rewards.

Accepted Answer

A) True 
 B)False

Many of today's most successful high-technology companies began as small businesses.

Complete the following using the terms listed below. -A(n) ______ is independently owned and operated, and is responsible for almost 30 percent of the nation's gross domestic product.

Shareholders are the de-facto owners of a corporation.

Investing in a franchise guarantees profit to the franchisee.

Class action lawsuits filed against drug manufacturers are filed against the corporations themselves, NOT the owners of these corporations.

Most small businesses get their startup money from ______.

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

Discuss the economic and social contributions of small business.

Owners of small businesses can increase their chances of success if they

A joint venture is a partnership between companies formed for a specific purpose. The companies share the investment, the risk, and the rewards.

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

Many of today's most successful high-technology companies began as small businesses.

Complete the following using the terms listed below. -A(n) ______ is independently owned and operated, and is responsible for almost 30 percent of the nation's gross domestic product.

Shareholders are the de-facto owners of a corporation.

Investing in a franchise guarantees profit to the franchisee.

Class action lawsuits filed against drug manufacturers are filed against the corporations themselves, NOT the owners of these corporations.

Most small businesses get their startup money from ______.

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

Discuss the economic and social contributions of small business.

Owners of small businesses can increase their chances of success if they

A joint venture is a partnership between companies formed for a specific purpose. The companies share the investment, the risk, and the rewards.

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