Question 1

Central business districts:

Accepted Answer

A) provide ample parking in front of the stores. 
B) are characterized by one-stop shopping. 
C) tend to have better prices and selection than malls do. 
D) are experiencing a resurgence in popularity. 
A) provide ample parking in front of the stores. 
B) are characterized by one-stop shopping. 
C) tend to have better prices and selection than malls do. 
D) are experiencing a resurgence in popularity.

Question 2

For a sign to be effective,its message must be complete and complex enough to be thought provoking.

Accepted Answer

A) True 
 B)False

Question 3

The typical neighborhood shopping center contains from 3 to 12 stores,with a supermarket or drug store as its "anchor."

Accepted Answer

A) True 
 B)False

Question 4

It is critical for all retail and service businesses to be located as far from competitors as possible.

Accepted Answer

A) True 
 B)False

Question 5

When evaluating the floors,walls,and ceilings in a retail store,the small business owner should:

Accepted Answer

A) look for dark colored ceilings that both conserve energy and project a cool feeling. 
B) strive for a light and bright interior. 
C) look for bare functional walls that can be recovered at the owner's expense. 
D) emphasize function over attractiveness. 
A) look for dark colored ceilings that both conserve energy and project a cool feeling. 
B) strive for a light and bright interior. 
C) look for bare functional walls that can be recovered at the owner's expense. 
D) emphasize function over attractiveness.

Question 6

The area from which a small business expects to draw customers over a reasonable time span is its:

Accepted Answer

A) trading area. 
B) metropolitan statistical area. 
C) enterprise zone. 
D) incubator. 
A) trading area. 
B) metropolitan statistical area. 
C) enterprise zone. 
D) incubator.

Question 7

A process layout would be best fitted to:

Accepted Answer

A) an automobile assembly plant. 
B) an oil refinery. 
C) a manufacturer of handmade metal gifts. 
D) a textbook publishing plant. 
A) an automobile assembly plant. 
B) an oil refinery. 
C) a manufacturer of handmade metal gifts. 
D) a textbook publishing plant.

Question 8

A store's external appearance plays an insignificant role in identifying its personality to customers.

Accepted Answer

A) True 
 B)False

Question 9

What is a business incubator? What can an incubator offer an entrepreneur just starting out?

Accepted Answer

Business incubators are locations that o

Question 10

The Americans with Disabilities Act requires all companies to make their facilities accessible to disabled customers and employees.

Accepted Answer

A) True 
 B)False

Question 11

The trends or shifts in population components,such as population age,have more meaning for the small business owner than total population trends.

Accepted Answer

A) True 
 B)False

Question 12

Some cities develop ________ in cooperation with private industry for the benefit of manufacturers.

Accepted Answer

A) incubators 
B) central business districts 
C) industrial parks 
D) high visibility locations 
A) incubators 
B) central business districts 
C) industrial parks 
D) high visibility locations

Question 13

What is ergonomics and why is it important?

Accepted Answer

Ergonomics is the science of adapting wo

Question 14

The first phase in determining where to locate a business is:

Accepted Answer

A) choosing what state the business owner wants to move to. 
B) determining which city has the demographics that fit the business best. 
C) conducting an Internet search for information on the cities of choice and competitors in those cities. 
D) determining what regions in the country have what the new business needs to succeed. 
A) choosing what state the business owner wants to move to. 
B) determining which city has the demographics that fit the business best. 
C) conducting an Internet search for information on the cities of choice and competitors in those cities. 
D) determining what regions in the country have what the new business needs to succeed.

Question 15

A central business district is:

Accepted Answer

A) the traditional center of town. 
B) a plan that contains 12 to 50 stores and has a department store as a leading tenant. 
C) a type of "mall" that has experienced 1500 percent growth over the last 5 years. 
D) a shopping area that draws its customers primarily from the immediate local area. 
A) the traditional center of town. 
B) a plan that contains 12 to 50 stores and has a department store as a leading tenant. 
C) a type of "mall" that has experienced 1500 percent growth over the last 5 years. 
D) a shopping area that draws its customers primarily from the immediate local area.

Question 16

The manufacturing layout that arranges workers and equipment according to sequence of operation and is best suited for highly standardized or mass-produced products is called:

Accepted Answer

A) process layout. 
B) fixed-position layout. 
C) function layout. 
D) product layout. 
A) process layout. 
B) fixed-position layout. 
C) function layout. 
D) product layout.

Question 17

Merchandise purchased on impulse and convenience goods should be located near the front of the store.

Accepted Answer

A) True 
 B)False

Question 18

The typical grocery store uses a(n)________ layout.

Accepted Answer

A) grid 
B) free-form 
C) boutique 
D) arcade 
A) grid 
B) free-form 
C) boutique 
D) arcade

Question 19

The Zip Code Atlas and Market Planner provide detailed information on sales,spendable income,etc. ,by census region,county,and city.

Accepted Answer

A) True 
 B)False

Question 20

When selecting a city,a small business owner needs to ask questions about the wage rates,the business climate,and proximity to markets and raw materials,in order to properly analyze the city.

Accepted Answer

A) True 
 B)False

Exam 18: Location,layout,and Physical Facilities

Central business districts:

For a sign to be effective,its message must be complete and complex enough to be thought provoking.

The typical neighborhood shopping center contains from 3 to 12 stores,with a supermarket or drug store as its "anchor."

It is critical for all retail and service businesses to be located as far from competitors as possible.

When evaluating the floors,walls,and ceilings in a retail store,the small business owner should:

The area from which a small business expects to draw customers over a reasonable time span is its:

A process layout would be best fitted to:

A store's external appearance plays an insignificant role in identifying its personality to customers.

What is a business incubator? What can an incubator offer an entrepreneur just starting out?

The Americans with Disabilities Act requires all companies to make their facilities accessible to disabled customers and employees.

The trends or shifts in population components,such as population age,have more meaning for the small business owner than total population trends.

Some cities develop ________ in cooperation with private industry for the benefit of manufacturers.

What is ergonomics and why is it important?

The first phase in determining where to locate a business is:

A central business district is:

The manufacturing layout that arranges workers and equipment according to sequence of operation and is best suited for highly standardized or mass-produced products is called:

Merchandise purchased on impulse and convenience goods should be located near the front of the store.

The typical grocery store uses a(n)________ layout.

The Zip Code Atlas and Market Planner provide detailed information on sales,spendable income,etc. ,by census region,county,and city.

When selecting a city,a small business owner needs to ask questions about the wage rates,the business climate,and proximity to markets and raw materials,in order to properly analyze the city.

Entrepreneurs: the Driving Force Behind Small Business

Ethics and Social Responsibility: Doing the Right Thing

Creativity and Innovation: Keys to Entrepreneurial Success

Strategic Management and the Entrepreneur

Choosing a Form of Ownership

Franchising and the Entrepreneur

Buying an Existing Business

New Business Planning Process: Feasibility Analysis,business Modeling,

Building a Bootstrap Marketing Plan

Creative Use of Advertising and Promotion

Pricing and Credit Strategies

Global Marketing Strategies

E-Commerce and Entrepreneurship

Creating a Solid Financial Plan

Managing Cash Flow

Sources of Equity Financing

Sources of Debt Financing

Supply Chain Management

Managing Inventory

Staffing and Leading a Growing Company

Management Succession and Risk Management Strategies in the Family Business

The Legal Environment: Business Law and Government Regulation

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