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Strayer bus402 week 8 quiz 7




Question 1;is designed to provide working capital to small exporters by providing loan guarantees of 90 percent of the loan amount up to $1.5 million.Answer;A Capline program;A Section 504 loan;An LDC loan;An export working capital program;2 points;Question 2;For small businesses, ________ are the heart of the financial market.Answer;banks;finance companies;private placement;insurance companies;2 points;Question 3;The most common method used by commercial finance companies to provide credit to small businesses is:Answer;asset-based.;insurance-based.;unsecured lines of credit or "character loans.;balance-sheet based.;2 points;Question 4;Asset-based borrowing permits small businesses:Answer;to borrow up to 100% of the value of their inventory or their accounts receivable for the money they need for long-term goals.;to use normally unproductive assets?accounts receivable and inventory.;to obtain loans more easily but with less borrowing power than if they used an unsecured line of credit.;access to a source of funds ideally suited for long-term financing needs.;2 points;Question 5;A ________ makes only intermediate and long-term SBA guaranteed loans. It specializes in loans many banks would not consider.Answer;small business investment company;local development company;small business lending company;MESBIC;2 points;Question 6;A(n) ________ is a private nonprofit financial institution that will make small loans to its members for the purpose of starting a business.Answer;SBIC;private placement;credit union;insurance company;2 points;Question 7;Savings and loan associations typically specialize in loans for:Answer;equipment.;inventory.;real property.;accounts receivable.;2 points;Question 8;A popular form of debt financing with large companies, a sort of corporate "IOU," which is becoming more accessible to a growing number of small companies is:Answer;stockbroker-based loans.;bonds.;commercial bank loans.;SBICs.;2 points;Question 9;Grants to small businesses, made to strengthen the local economy in cities and towns that are considered economically distressed, are made by:Answer;the Department of Housing and Urban Development.;a local development company.;the Farmers Home Administration.;the Economic Development Administration.;2 points;Question 10;This program was started to encourage small businesses that wanted to expand their research and development efforts. It has made over 36,000 awards in excess of $10 billion.Answer;Small Business Technology Transfer Act;Local development companies;The SBA Capline program;Small Business Innovation Research Program;2 points;Question 11;The most common type of commercial bank loan granted to small businesses is:Answer;the short-term commercial loan.;the lines of credit agreement.;the floor plan.;the unsecured term loan.;2 points;Question 12;When a small business is refused a loan because it is not profitable and deemed a poor credit risk, the owner can usually turn to ________ as a source of short-term funds.Answer;venture capital companies;trade credit;stockbrokers;loans from insurance companies;2 points;Question 13;A ________ is an agreement with a bank that allows a small business to borrow up to a predetermined specified amount during the year without making an application each time.Answer;term loan;factor;line of credit;floor plan;2 points;Question 14;Factoring:Answer;is a more expensive method of financing than borrowing from a bank.;places the risk of uncollected accounts receivable on the small business owner.;is best used as a long-term source of capital.;is a type of trade credit.;2 points;Question 15;The SBA's ________ program offers short-term capital to growing companies seeking to finance seasonal buildups in inventory or accounts receivable.Answer;The Direct Loan;CDC;Immediate Participation Loan;CAPLine;2 points;Question 16;When manufacturing large, bulky products, it is sometimes necessary to bring the materials to a specific spot and do the assembly in one place. This type of layout is know as a:Answer;process layout.;fixed-position layout.;function layout.;product layout.;2 points;Question 17;Designing layouts ergonomically and seeking to automate product flows can result in:Answer;reducing the owner's initial capital outlay in starting the business.;lowering the high initial fixed costs of starting a business.;eliminating the need for a layout plan for the business.;improving productivity and lowering material handling costs.;2 points;Question 18;As the service economy has grown, a business location being used more and more by service businesses is:Answer;the industrial park.;home.;central business districts.;outlying areas.;2 points;Question 19;The value of the floor space in a retail store depends upon:Answer;the merchandise in that area.;the type of store and customer.;the number of salespeople servicing the area.;its proximity to aisles and entrances.;2 points;Question 20;A central business district is:Answer;the traditional center of town.;a plan that contains 12 to 50 stores and has a department store as a leading tenant.;a type of "mall" that has experienced 1500 percent growth over the last 5 years.;a shopping area that draws its customers primarily from the immediate local area.;2 points;Question 21;The starting point for designing a layout is:Answer;creating a detailed layout design showing the space relationships.;discovering the single best flow for the manufacturing process.;arranging the equipment and materials stocking areas in the proper sequence.;determining how and in what sequence product parts or service tasks flow together.;2 points;Question 22;TIGER:Answer;is a software package combining the ability to draw detailed maps with the power to search through databases.;records data not available through the census and includes eleven indicators of economic growth.;contains the names of every street in the country and detailed block statistics for 345 urban areas.;breaks down the population, retail sales, etc. by census region.;2 points;Question 23;A(n) ________ layout divides a store into a series of individual shopping areas, each with its own theme. This layout can create a distinctive image for a business.Answer;free-form;grid;angled;boutique;2 points;Question 24;The Americans with Disabilities Act of 1990 requires that:Answer;businesses with more than 25 employees comply fully with the Act by June 1993.;all buildings be remodeled to accommodate any disabled customer or employee.;all businesses must accommodate all disabled customers or job candidates, regardless of the cost.;buildings occupied after January 23, 1993 must be designed to accommodate disabled customers and job candidates.;2 points;Question 25;Originally created to encourage companies to locate in economically depressed areas, ________ offer tax breaks and federal tax breaks for hiring workers living in the immediate area.Answer;industrial parks;small business incubators;trade zones;empowerment zones;2 points;Question 26;A(n) ________ layout arranges displays in a rectangular fashion with parallel aisle. It is a formal layout that controls the traffic flow through the store.Answer;free-form;grid;angled;boutique;2 points;Question 27;The ________ of products and materials, their ________ of transportation, and their ________ functions all interact in determining how close a business needs to be to its sources of supply.Answer;cost, value, unique;value, cost, unique;value, price, cost;cost, cost, unique;2 points;Question 28;The ________ serves a large trading area (10 to 15 miles or more), contains from 50 to 100 stores, and has several major department stores as its anchors.Answer;neighborhood shopping center;community shopping center;regional shopping mall;central business district;2 points;Question 29;is a publication that provides important data to aid entrepreneurs in their search for the best location.Answer;Consumer Reports;Index of Retail Saturation;Survey of Buying Power;Sales Conversion Index;2 points;Question 30;A Geographic Information System (GIS):Answer;is a software package combining the ability to draw detailed maps with the power to search through databases.;records data not available through the census and includes eleven indicators of economic growth.;contains the name of every street in the country and detailed block statistics for 345 urban areas.;breaks down the population, retail sales, etc., by census region.


Paper#30766 | Written in 18-Jul-2015

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