Business Essentials (9th Edition) - Chapter 3 - Test Bank
3 views 0 purchase
Course
UNR1302 (UNR1302)
Institution
AAST
Book
Business Essentials
Fundamentals of Business UNR1302 is a course in AASTMT.
The textbook is Business Essentials (9th Edition).
This is Chapter 3 from the test bank of the book.
Business Essentials (9th Edition) - Chapter 7 - Test Bank
Business Essentials (9th Edition) - Chapter 11 - Test Bank
All for this textbook (14)
Written for
AAST
UNR1302 (UNR1302)
All documents for this subject (12)
Seller
Follow
mohamedosama
Content preview
1. The Small Business Administration is the government agency charged with
owning small businesses.
A) True
*B) False
2. Small businesses produce more patents per employee than large patenting
firms.
*A) True
B) False
3. Most businesses in the United States are large businesses with more than 500
employees.
A) True
*B) False
4. Major innovations are most likely to come from large corporations.
A) True
*B) False
5. Manufacturing is overwhelmingly handled by big business.
*A) True
B) False
1
,6. People who assume the risk of business ownership with a primary goal of
growth and expansion are called entrepreneurs.
*A) True
B) False
7. Most successful entrepreneurs have a strong desire to be their own bosses.
*A) True
B) False
8. A business plan demonstrates how an entrepreneur's business strategy will be
implemented.
*A) True
B) False
9. Franchisees may be obligated to contribute a percentage of sales to parent
corporations.
*A) True
B) False
10. Loans are the most important sources of money for new businesses.
A) True
*B) False
2
,11. Lending institutions are more likely to help finance the purchase of an existing
business rather than the start-up of a business from scratch.
*A) True
B) False
12. A group of small investors who invest money in companies in return for partial
ownership is known as a small-business development company.
A) True
*B) False
13. Small-business investment companies (SBICs) may be sponsored by the
federal government.
*A) True
B) False
14. The least common type of partnership is the general partnership.
A) True
*B) False
15. A limited liability corporation is a hybrid of a publicly held corporation and a
partnership.
*A) True
B) False
3
, 16. Many new businesses are started by people who have left big corporations.
*A) True
B) False
17. The failure rate among small businesses has been increasing in recent years.
A) True
*B) False
18. Neglect is a major factor that contributes to small business failure.
*A) True
B) False
19. Low start-up costs and tax benefits are advantages of sole proprietorships.
*A) True
B) False
20. By law, each general partner is liable for all debts incurred in the name of the
partnership.
*A) True
B) False
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mohamedosama. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
