Question 911 pts Gary Smith, owner of a small business in San Diego, heard that

Question

Question 911 pts

Gary Smith, owner of a small business in San Diego, heard that the Small Business Administration will hold a series of workshops in his city. Which of the following topics is MOST likely to be included in the Small Business Administration's workshops?

Question 921 pts

To qualify for Small Business Administration programs and benefits specifically targeted for small businesses, a business must generally have fewer than 20 employees.

Question 931 pts

Which of the following is LEAST likely to be a characteristic of successful entrepreneurs?

Question 941 pts

Isaac is a franchise owner of a fast food restaurant. When another franchisee is accused of using artificial meat in its hamburgers, sales at Isaac's franchise location drop dramatically. What disadvantage of franchising is BEST demonstrated by Isaac's situation?

Question 951 pts

In the United States, small businesses hire a larger proportion of part-time workers than large corporations do.

Question 961 pts

All of the following are reasons why people start small businesses EXCEPT ________.

Question 971 pts

James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering repair services for cell phones. His shop is an instant success. James has satisfied an area of need called ________.

Question 981 pts

A disadvantage of buying a franchise is that some franchises do not restrict the location or number of their franchises.

Question 991 pts

Which of the following should a business owner create monthly?

Question 1001 pts

Johanna plans on being the sole proprietor of a home-based sales consulting business. Since she will work out of her home, her start-up costs should be low. Which type of financing would be BEST for her to use for the start up of her business?

Explanation / Answer

Answer 911: creating a business plan

Answer 921 : True

Answer 931:like to take risk

Answer 941: competition

Answer 951: True

Answer 961:Reduce level of responsibilty

Answer 971:An opportunity niche

Answer 981:False

Answer 991 :Operational plans

Answer 1001 : bank loan

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