BUS101 Economics terms (busi,econ) 92

BUS101 Economics terms (busi,econ) 92 - small business C...

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C. people must have unsatisfied wants and needs as well as a willingness and ability to buy. Term (p. 167) Small business employees: A. usually dislike their jobs and look forward to finding employment with ma- jor corporations. B. find their jobs less challenging than a similar job in a large corporation. C. usually get paid higher wages than workers in large corporations. D. often find more job satisfaction than their counterparts in big business. Definition D. often find more job satisfaction than their counterparts in big business. Term (p. 167-168) Entrepreneurs learn that there are many legal and financial issues in- volved in starting their business. The best way for the small business owner to resolve these issues and protect the firm's resources is: A. for the owner(s) to trust his/her common sense. B. to hire a full-time lawyer and accountant who work exclusively for the
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Unformatted text preview: small business. C. defer making decisions regarding these issues until the company is bigger. D. seek and pay for expert guidance and assistance. Definition D. seek and pay for expert guidance and assistance. Term (p. 168) Which of the following is not a recommended source of small business advice for persons contemplating a new business? A. Successful small business owners B. University internship programs C. Other prospective small business owners D. SCORE [Service Corps of Retired Executives] Definition C. Other prospective small business owners Term (p. 162) In order to finance The Shortbread Shack, a mobile bakery business that services several large Silicon Valley companies, Marcy demonstrated her steadfast desire to get her bakery off the ground by visiting several bankers with _____________. A. her insurance agent B. her business plan...
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