Question 911 pts Gary Smith, owner of a small business in San Diego, heard that
ID: 2465496 • Letter: Q
Question
Question 911 pts
Gary Smith, owner of a small business in San Diego, heard that the Small Business Administration will hold a series of workshops in his city. Which of the following topics is MOST likely to be included in the Small Business Administration's workshops?
Question 921 pts
To qualify for Small Business Administration programs and benefits specifically targeted for small businesses, a business must generally have fewer than 20 employees.
Question 931 pts
Which of the following is LEAST likely to be a characteristic of successful entrepreneurs?
Question 941 pts
Isaac is a franchise owner of a fast food restaurant. When another franchisee is accused of using artificial meat in its hamburgers, sales at Isaac's franchise location drop dramatically. What disadvantage of franchising is BEST demonstrated by Isaac's situation?
Question 951 pts
In the United States, small businesses hire a larger proportion of part-time workers than large corporations do.
Question 961 pts
All of the following are reasons why people start small businesses EXCEPT ________.
Question 971 pts
James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering repair services for cell phones. His shop is an instant success. James has satisfied an area of need called ________.
Question 981 pts
A disadvantage of buying a franchise is that some franchises do not restrict the location or number of their franchises.
Question 991 pts
Which of the following should a business owner create monthly?
Question 1001 pts
Johanna plans on being the sole proprietor of a home-based sales consulting business. Since she will work out of her home, her start-up costs should be low. Which type of financing would be BEST for her to use for the start up of her business?
creating a business planExplanation / Answer
Answer 911: creating a business plan
Answer 921 : True
Answer 931:like to take risk
Answer 941: competition
Answer 951: True
Answer 961:Reduce level of responsibilty
Answer 971:An opportunity niche
Answer 981:False
Answer 991 :Operational plans
Answer 1001 : bank loan
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