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1.   Relatively low start-up costs are an advantage of a small business.    Student Response Value Correct  Answer Feedback A. TRUE 100%       B.  FALSE<br/><br/>      Score: 5/5    2.   Retailing, services, manufacturing, and high technology are attractive to entrepreneurs  because these fields tend to be easy to enter and require low initial financing.    Student Response Value Correct  Answer Feedback A. TRUE 100%       B.  FALSE<br/><br/>      Score: 5/5    3.   Which of the following is  not  a reason that small businesses fail?    Student Response Value Correct  Answer Feedback A.  Poor business  concept      B.  Overoptimism      C. Low stress level 100%       D.  Inability to cope with  growth      E.  Undercapitalization       Score: 5/5   
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4.   The lack of funds to operate a business normally is called    Student Response Value Correct  Answer Feedback A.  discounting.      B.  creative financing.      C.  financial pessimism.      D. undercapitalization. 100%       E.  overcapitalization.       Score: 5/5    5.   A franchisee is a company that sells a franchise.    Student Response Value Correct  Answer Feedback A.  TRUE      B. FALSE<br/><br/> 100%       Score: 5/5    6.
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  One advantage that small businesses have over large businesses is that they    Student  Response Value Correct  Answer Feedback A.  are better able  to focus on a  few key  customers.   
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