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Seaport Bus 100 Quiz 2 (2014)

Seaport Quiz / Exam:Bus 100 Quiz 2

Quiz/Exam Complete

Question: A corporation chartered in Kansas and doing business in Kansas is known as a domestic corporation.

Question: An S-corporation can have no more than twenty stockholders.

Question: The average length of an SBA loan is about 25 years.

Question: Goals are set for only top-level management.

Question: It is rare that managers of small businesses lack the management skills necessary to run thier businesses.

Question: Small businesses are typically managed by who started and own them.

Question: Because of small-business competition, large companies must become more efficient and responsive to consumers’ needs.

Question: Middle managers implement the strategy developed by top management.

Question: A license to operate an individually owned business as though it were part of a chain is a franchise.

Question: Distribution industries account for approximately what percentage of all small businesses?

Question: An individual’s desire to create a new business is referred to as

Question: Statistically, one can expect about two out of every three new business to fail within six years of their founding.

Question: Top managers rely a great deal on technical skills.

Question: For those who like dealing with people, small business is the place to be.

Question: The SBA makes a special effort to

Question: To qualify as a small business, a manufacturing plant can employ no more than _____ people?

Question: Tweeting and blogging are referenced to using social media Internet sites.

Question: Common names for top-level managers are vice president, chief executive officer, and chief operating officer.

Question: Anthony Stevens is a college graduate trying to gain an entry-level management position with Dell computer. Although he has relevant previous work experience and a strong resume, his interviews have been very poor. Anthony probably needs to strengthen his _______ skills.

Question: Most Small Business Administration loans are actually made by ______

Question: Brian wants to start a business that provides canoe and kayak trips. he decides that it would be better to ask his brother Brad to become his partner because

Question: The simplest form of business owned and operated by one person is called a _________.

Question: When looking at the company’s sales figures, Martha sees that her salespeople have not achieved high sales in Japan. She is at what stage in the managerial decision-making process?

Question: Which of the following is not a step in the decision-making process?

Question: Eric decides to purchase and operate a Subway restaurant. Eric is the

Question: The leadership style advocating that a leader involves subordinates in most decisions as well as the assignment of tasks is called ____________

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