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STRAYER BUS402 week 2 quiz 1,week 3 quiz 2 and week 4 quiz 3 [summer 2014 ]

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Question;Part-time entrepreneurship has an additional advantage over starting up a company full-time in that:Answer? Question 22 out of 2 pointsOne key to success with a business startup is to begin with enough ________:Answer? Question 32 out of 2 pointsU.S. economic structure is moving:Answer? Question 40 out of 2 pointsDirk wants to be in control. He's tired of taking orders from others and wants to feel a sense of accountability for the outcome of his work. Dirk displays the entrepreneurial characteristic of:Answer? Question 52 out of 2 pointsThe growth of entrepreneurship is being fed by:Answer? Question 62 out of 2 pointsWhen building a home-based business, it is important that the entrepreneur:Answer? Question 72 out of 2 pointsA significant benefit of starting your own company is:Answer? Question 82 out of 2 pointsJuan is able to work well in a constantly changing atmosphere and has little concern for what tomorrow will bring. Juan demonstrates which of the following characteristics of a typical entrepreneur?Answer? Question 92 out of 2 pointsKyoto has started an interior decoration business. Everything about the business, from its name to the color schemes used in the corporate letterhead, is an expression of her personality. She sees this business as her greatest personal achievement. Kyoto is experiencing the opportunity ________ of small business ownership.Answer? Question 102 out of 2 pointsWhen running a home-based business:Answer? Question 112 out of 2 pointsMinorities cite which of the following as the primary barrier to their entrepreneurship?Answer? Question 122 out of 2 pointsMary and Ted are discussing starting a new business and are asking themselves a series of questions like, "What is the worst that could happen if we fail?" "How likely is that to happen?" They are assessing which potential drawback of small business ownership?Answer? Question 132 out of 2 points"Copreneurs" are marked by:Answer? Question 142 out of 2 pointsCompanies started by women differ from companies started by men in that:Answer? Question 150 out of 2 pointsResearchers who study entrepreneurs have discovered that:Answer? Question 162 out of 2 pointsThe most successful strategic plans make the ________ focal.Answer? Question 172 out of 2 pointsEvery business is characterized by a set of controllable variables called ________ that determines the relative success (or lack of it) of market participants:Answer? Question 182 out of 2 points________ are negative internal factors that inhibit the accomplishment of a firm's objectives.Answer? Question 192 out of 2 points________ are the broad, long-range attributes the small business seeks to accomplish, ________ are the specific, measurable milestones the company wants to achieve.Answer? Question 202 out of 2 points________ focuses everyone's attention and efforts on the same target market. It is an expression of what the owner believes in.Answer? Question 212 out of 2 pointsA small business owner needs to remember that when it comes to employee involvement in the strategic planning process:Answer? Question 222 out of 2 pointsWhen the small business owner assesses her company's strengths and weaknesses, she is dealing with the ________ business environment.Answer? Question 232 out of 2 pointsA competitive profile matrix:Answer? Question 242 out of 2 pointsRather than attempting to serve the total market, the small firm pursuing a ________ strategy specializes in serving a specific target segment.Answer? Question 252 out of 2 pointsA small business's "aggregation of factors that sets it apart from its competitors" is its:Answer? Question 262 out of 2 pointsThe final step of the strategic planning process is:Answer? Question 272 out of 2 pointsOnce the vision and mission are established, the entrepreneur needs to:Answer? Question 282 out of 2 points________ are specific measurable targets to be accomplished in a defined time period.Answer? Question 292 out of 2 pointsThe small firm's "master plan" is its:Answer? Question 302 out of 2 points________ are negative external forces that inhibit the firm's ability to achieve its objectives.Answerquiz 2One major advantage of the ________ is that once the owner has paid all of the company's expenses, he/she can keep the remaining profits (less taxes, of course).Answer? Question 22 out of 2 pointsCorporations that are formed in other countries but do business in the United States are:Answer? Question 32 out of 2 pointsA corporation doing business in the state in which it is incorporated is considered to be a(n) ________ corporation.Answer? Question 42 out of 2 pointsThe ________ is the most complex form of ownership and is a separate legal entity in the eyes of the law.Answer? Question 50 out of 2 pointsA limited liability company is formed under:Answer? Question 62 out of 2 pointsThe key to choosing the "right" form of ownership is:Answer? Question 72 out of 2 pointsA partnership is:Answer? Question 82 out of 2 pointsThe most critical disadvantage of the sole proprietorship is:Answer? Question 92 out of 2 pointsA significant disadvantage of a partnership is:Answer? Question 100 out of 2 pointsIn a limited partnership, the limited partners are treated like ________ by the law.Answer? Question 110 out of 2 pointsIn a joint venture, individuals join together in co-ownership for:Answer? Question 122 out of 2 pointsProbably the most important feature of a partnership agreement is:Answer? Question 132 out of 2 pointsThe most common form of business ownership is the:Answer? Question 142 out of 2 points________ partners are not active in a business but generally are known to be members of the partnership.Answer? Question 152 out of 2 pointsAcme Corporation is chartered in Delaware, but its primary area of operation is in South Carolina. In South Carolina, Acme would be considered a(n) ________ corporation.Answer? Question 162 out of 2 pointsWhen buying a franchise, the potential franchisee should first:Answer? Question 172 out of 2 pointsTo protect investors from unscrupulous franchisers, the regulatory body is the:Answer? Question 182 out of 2 pointsA significant advantage a franchisee has over the independent small business owner is participation in the franchiser's ________.Answer? Question 192 out of 2 pointsMost franchise experts consider the most important factor in the success of a franchise to be:Answer? Question 202 out of 2 pointsThe ________ requires all franchisers to disclose detailed information on their operations at the first personal meeting or at least fourteen days before a franchise contract is signed or any money is paid.Answer? Question 210 out of 2 pointsThe FTC's philosophy focuses on:Answer? Question 222 out of 2 pointsFranchise advertising programs:Answer? Question 232 out of 2 pointsThe most expensive franchises in terms of total investment are:Answer? Question 242 out of 2 points________ franchising involves the owner of an existing business becoming a franchisee to gain the advantage of name recognition.Answer? Question 252 out of 2 pointsIn franchising, ________ pay fees and royalties to a ________ in return for the right to sell its products or services under the franchiser's trade name and often to use its business format and system.Answer? Question 262 out of 2 pointsThere are two main risks in purchasing a franchise. First, that of the franchiser's experience and business system, and second:Answer? Question 272 out of 2 pointsAnother term for cobranding franchising is:Answer? Question 282 out of 2 pointsThe primary advantage of buying a franchise over starting your own company is:Answer? Question 292 out of 2 pointsThe payment the franchisee makes to the franchiser based on gross sales is:Answer? Question 302 out of 2 pointsIn view of the cause of most new business failures, probably the most valuable service provided franchisees by the franchiser is:Answerquiz 3?The valuation approach that considers the value of goodwill is the:Answer? Question 20 out of 2 pointsWhich method of business valuation relies on three forecasts of future earnings?optimistic, pessimistic, and most likely?Answer? Question 32 out of 2 pointsIf the firm owns any trademarks, patents, or copyrights, or has built up a positive reputation with customers and suppliers, the business has what is/are called:Answer? Question 42 out of 2 pointsWhen it comes to buying an existing business, it is not uncommon to find it:Answer? Question 52 out of 2 pointsThe biggest source for the best companies to buy is:Answer? Question 62 out of 2 pointsThe capitalized earnings approach determines the value of a business by capitalizing its expected profits using:Answer? Question 72 out of 2 pointsThe process of gathering information about the company, valuing the company, and performing a detailed review of all records, agreements, and compliance is called:Answer? Question 82 out of 2 pointsOnce an entrepreneur has evaluated him/herself, the next step in the acquisition process would be to:Answer? Question 92 out of 2 pointsOne advantage of buying an existing business is:Answer? Question 102 out of 2 pointsWhen a buyer is reviewing a candidate company's lease arrangements, location and appearance, intangible assets, etc., he is answering what basic acquisition question?Answer? Question 112 out of 2 pointsWhich of the following is a way to smooth the transition of leadership/management from the seller of a business to the buyer?Answer? Question 122 out of 2 pointsWhich of the following is a criterion for a bulk transfer?Answer? Question 132 out of 2 pointsThe first step an entrepreneur should take when acquiring an existing business is to:Answer? Question 142 out of 2 pointsPerhaps the ideal source of financing the purchase of an existing business is:Answer? Question 152 out of 2 pointsNormally, when buying a business, the seller:Answer? Question 162 out of 2 pointsA well-developed business plan provides the entrepreneur with a number of benefits, such as:Answer? Question 172 out of 2 pointsThe loan proposal portion of the business plan should include:Answer? Question 182 out of 2 pointsA business plan:Answer? Question 192 out of 2 pointsAn explanation of how the product will be distributed is contained within the:Answer? Question 202 out of 2 pointsA solid business plan is marked by a number of characteristics including:Answer? Question 212 out of 2 points________ are short-term, specific targets which are attainable, measurable, and controllable.Answer? Question 222 out of 2 pointsBusiness plans need to pass three tests:Answer? Question 232 out of 2 pointsThe primary purpose of building a business plan is to:Answer? Question 242 out of 2 pointsA ________ is what a customer gains from the product or service feature.Answer? Question 252 out of 2 pointsThe organization chart is described in which section of the business plan?Answer? Question 262 out of 2 pointsWhen creating financial forecasts in a business plan for a proposed venture, an entrepreneur should:Answer? Question 272 out of 2 pointsYour cash budget and an explanation of how much money you need to make your company and product a long-term success are the subject matter of the:Answer? Question 282 out of 2 pointsA business plan performs a number of functions including:Answer? Question 292 out of 2 pointsThe ________ highlights significant financial and operational events in the company's life and should concentrate on the company's accomplishments.Answer? Question 302 out of 2 pointsThe ________ becomes the document that summarizes the analysis that has been done to justify a new business.Answer="msonormal">="msonormal">

 

Paper#54393 | Written in 18-Jul-2015

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