BUS402 WEEK 1 QUIZ NEW 2017 (A+++++)

QuestionQuestion 12 out of 2 pointsSurveys show that owners of small businesses believe that:Question 22 out of 2 pointsCompanies started by women differ from companies started by men in that:Question 32 out of 2 pointsWhich of the following corporate trends have contributed to the growth of entrepreneurship?Question 42 out of 2 pointsCustomer service, convenience, speed and quality are all examples of:Question 52 out of 2 pointsLaunching and running a business can be an extremely rewarding experience, but it also can:Question 62 out of 2 pointsOne key to success with a business startup is to begin with enough ________:Question 72 out of 2 pointsWhen running a home-based business:Question 82 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.Question 92 out of 2 pointsWhich of the following trends is feeding the growth of entrepreneurial activity?Question 102 out of 2 points”Copreneurs” are marked by:Question 112 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?Question 122 out of 2 pointsThe key ingredient-the crucial element-to avoiding the failure of a new business is:Question 132 out of 2 pointsWhen building a home-based business, it is important that the entrepreneur:Question 142 out of 2 pointsPrimary cause of business failure is:Question 152 out of 2 pointsResearchers who study entrepreneurs have discovered that:Question 162 out of 2 pointsA small company following a ________ strategy seeks to build customer loyalty by positioning its goods and services in a unique fashion.Question 172 out of 2 points________ are specific measurable targets to be accomplished in a defined time period.Question 182 out of 2 pointsWhich of the following best expresses the relationship of a company vision to its mission?Question 192 out of 2 pointsA small business’s “aggregation of factors that sets it apart from its competitors” is its:Question 202 out of 2 pointsThe final step of the strategic planning process is:Question 212 out of 2 pointsSmall firms pursuing a cost leadership strategy have an advantage in reaching customers whose primary purchase criterion is:Question 222 out of 2 pointsWhen the small business owner assesses her company’s strengths and weaknesses, she is dealing with the ________ business environment.Question 232 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.Question 242 out of 2 pointsThese are products of the interaction of various forces, trends, and events that are outside the control of the small business.Question 252 out of 2 pointsThe strategic planning process for small businesses is:Question 262 out of 2 pointsHow is the strategic planning process for small companies different from that for large companies?Question 272 out of 2 points________ are negative internal factors that inhibit the accomplishment of a firm’s objectives.Question 282 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.Question 292 out of 2 pointsThe small firm’s “master plan” is its:Question 302 out of 2 points________ are positive internal factors that contribute towards accomplishing the company’s objectives.

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