Quiz 1.Mr. - BUS100 Web Quiz -Question 1 1 points Save A...

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BUS100 Web Quiz -------------------------------------- Question 1 1 points Save A franchise business is appealing because franchisers _____. a. will supply temporary managerial help b. all of these c. will buy your excess inventory d. provide a proven business model . D Question 2 1 points Save Under the Small Business Administration’s SCORE program, retired executives help business people who need advice. True False True Question 3 1 points Save The most important step in the process of starting a business is _____ a. generating a mission statement b. assembling a team of managers c. getting financing d. creating a business plan D Question 4 1 points Save _____ involve(s) the design and management of the processes that transform resources into goods or services. a. Marketing b. Operations c. Finance d. Ownership B Question 5 1 points Save Because an owner can delegate both authority and responsibility, entrepreneurs often have more free time than people who work for someone else. True False False
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Question 6 1 points Save Perfect competition exists when many consumers are buying standardized products from a few small businesses. True False False Question 7 1 points Save The most important difference between businesses and nonprofit organizations is that: a. nonprofit organizations focus on social and educational goals. b. nonprofit organizations do not benefit society. c. businesses do not benefit society. d. nonprofit organizations do not strive for financial gains. A Question 8 1 points Save In a _____ economy, the government controls selected major industries, such as transportation and health care, while allowing individual ownership of other industries. a. centrally planned b. fiscally sound c. free market d. mixed market D Question 9 1 points Save Communism is an economic system that is gaining in worldwide popularity. True False False Question 10 1 points Save James Brolen is a man of many talents and abilities. After six months in business, however, things aren’t going well, and Brolen doesn’t quite understand why. Among other things, he sometimes worries more about problems at home than about customer needs, spends a little too much time poring over e-mails, and tries to balance work and life by keeping up with a couple of hobbies. What’s Brolen’s biggest problem? a. lack of time-management skills b. lack of customer focus c. lack of managerial experience d. lack of financial focus A
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Question 11 1 points Save Employers provide tools and technology for their employees in order to: a. improve their efficiency and productivity. b. reduce corruption in business and eliminate scandals.
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This note was uploaded on 02/10/2011 for the course BUSINESS 100 taught by Professor Notsure during the Spring '07 term at Edmonds Community College.

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Quiz 1.Mr. - BUS100 Web Quiz -Question 1 1 points Save A...

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