ENTREPRENEURSHIP (MGT190 - HK2) EXAM 3 (2015)
truecolorsMGT190-HK2. ENTREPRENEURSHIP (MGT190-HK2) > TAKE ASSESSMENT: MGT 190 EXAM 3 |
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| Which of the following statements concerning global trade is true? | |||||||||||||||
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| The advance rate on an asset-based loan secured by a company's inventory typically would be __________ percent. | |||||||||||||||
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| This financing program spans 11 government agencies and is designed to encourage small companies to expand their research and development efforts in science and engineering and to develop new commercial products and services from those efforts. | |||||||||||||||
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| The typical venture capital company receives more than 1,200 business plans each year, and ultimately invests in __________ of them. | |||||||||||||||
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| An entrepreneur trying to find a location for a sporting goods store has decided to use the index of retail saturation as a guide. She knows that Site 1 has a trading area with 42,374 potential customers who spend an average of $87.50 on sporting goods per year. The only competitor in the trading area has 16,000 square feet of selling space. Site 2 has 38,649 potential customers spending an average of $91.25 per year on sporting goods. In this trading area, two competitors occupy 17,100 square feet of space. Based on the index of retail saturation, which site should the owner choose? | |||||||||||||||
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| Small business owners consider __________ to be lenders of first resort. | |||||||||||||||
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| When creating a Web site, the best approach is: | |||||||||||||||
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| According to a study by Jupiter Communications, setting up an e-commerce site takes most companies at least __________ to complete. | |||||||||||||||
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| A __________ layout arranges displays in a rectangular fashion so that aisles are parallel; it is a formal layout that controls the traffic flow through the store and is often used in supermarkets and drugstores. | |||||||||||||||
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| Online newsletters should be kept to about: | |||||||||||||||
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| A __________ Web site is one that visitors are willing to share with their friends because they find it to be useful, informative, or just plain fun. | |||||||||||||||
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| Experts estimate that __________ of the products U.S. companies export to other nations require little modification to sell in foreign markets. | |||||||||||||||
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| Business incubators: | |||||||||||||||
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| When searching for a location, a company that develops computer software for the entertainment industry would be interested in studying which of the following factors about the labor supply in a particular area? | |||||||||||||||
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| Job __________ involves building motivators into a job by increasing the planning, decision making, organizing, and controlling functions workers perform. | |||||||||||||||
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| Small companies that operate globally are able to: | |||||||||||||||
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| One distinct advantage of a loan guaranteed by the Small Business Administration (SBA) is: | |||||||||||||||
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| When Blue Fish Clothing decided to raise money for growth and expansion by selling shares of company stock straight to investors without relying on an investment banker (or underwriter), the company was making which kind of stock offering? | |||||||||||||||
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| Which of the following statements concerning e-commerce is true? | |||||||||||||||
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| For which of the following businesses would clustering be an effective location strategy? | |||||||||||||||
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| "Cool" companies: | |||||||||||||||
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| A(n) __________ minimizes estate taxes on a business by creating two classes of stock: preferred voting stock (the value of which remains constant) for the parents, and nonvoting common stock (the value of which reflects the increased value of the business) for the children. | |||||||||||||||
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| __________ banks are most likely to lend money to small businesses. | |||||||||||||||
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| The Americans with Disabilities Act (ADA): | |||||||||||||||
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| When a company is doing business in a country that lacks the cash to pay for imported goods or whose currency is basically worthless outside that country's borders, it: | |||||||||||||||
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| __________ capital represents a company's temporary funds and the need for it is created by the uneven flow of cash into and out of the business due to normal seasonal fluctuations. | |||||||||||||||
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| What drives the choice of the "best" site for a small business? | |||||||||||||||
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| Which of the following statements concerning asset-based loans is false? | |||||||||||||||
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| Created in 1947, this became the first global tariff agreement, and, today, it includes 124 countries that account for nearly 90 percent of world trade. | |||||||||||||||
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| Companies that make the best candidates for direct public offerings (DPOs): | |||||||||||||||
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| The most important ingredient in the recipe for a successful joint venture is: | |||||||||||||||
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| Which of the following types of information is not available from U.S. census data? | |||||||||||||||
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| Retail customers on the Web demand: | |||||||||||||||
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| When a bank becomes a __________ lender under the Small Business Administration's loan program, the bank makes the final decision on a small company's loan application (subject only to review by the SBA) but still receives the security of the SBA's loan guarantee. | |||||||||||||||
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| __________ items are best suited for selling on the World Wide Web. | |||||||||||||||
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| __________ offer many of the same kinds of loans that commercial banks do, but they are willing to tolerate more risk in their loan portfolios than banks and often use some type of asset-based lending when making commercial loans. | |||||||||||||||
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| Effective leaders: | |||||||||||||||
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| Studies show that __________ percent of first-generation family businesses fail to survive into the second generation, and of those that do survive, __________ make it to the third generation. | |||||||||||||||
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| The greatest opportunities for e-commerce lie in which sector? | |||||||||||||||
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| What can e-businesses do to enhance customers' trust in their Web sites? | |||||||||||||||
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| __________ are privately-owned financial institutions that are licensed and regulated by the Small Business Administration; they use a combination of private and federally-guaranteed debt to provide long-term capital to small businesses. | |||||||||||||||
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| Web-based businesses invest ____ percent of revenue in marketing, compared to _____ percent for off-line businesses. | |||||||||||||||
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| The most popular estate planning technique among business owners is the: | |||||||||||||||
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| More than __________ percent of all companies in the United States are family-owned. | |||||||||||||||
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| The average success rate of joint ventures is __________ percent , while its average life is __________ years. | |||||||||||||||
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| Column A Column B people things vision logistics toward the vision doing the right things doing things right comes first comes second Column A deals with __________, and column B deals with __________. | |||||||||||||||
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| Empowerment works best when a manager: | |||||||||||||||
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| In the _________ management style, entrepreneurs bring other people into the company to help but do not delegate any significant authority to them, choosing instead to watch over everything themselves. | |||||||||||||||
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| A __________ is an exemption from the Security and Exchange Commission's full-blown registration process that is designed to make it easier and less expensive for small companies to make initial public offerings. The ceiling on this type of issue is $1 million, and the price of the shares must be at least $5. | |||||||||||||||
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| "Freebies" are not very effective in attracting visitors on the Internet. | |||||||
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| The best time for a business founder to name his successor as top manager is: | |||||||||||||||
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| A(n) __________ is a tax or a duty that a government imposes on goods and services shipped into that country. | |||||||||||||||
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| The first place entrepreneurs in search of startup funds should look is: | |||||||||||||||
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| The most popular loan program sponsored by the Small Business Administration (SBA) is: | |||||||||||||||
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| A small company using factoring would prefer which type of factoring arrangement? | |||||||||||||||
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| In America, business people expect to do business quickly and typically do not waste time "getting down to business." In other countries around the world, however, closing a deal typically takes much longer. In which country would an American entrepreneur need a large dose of patience when conducting business? | |||||||||||||||
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| When financing a business startup with angel financing, entrepreneurs should remember that: | |||||||||||||||
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| Research by BizRate.com found that __________ percent of Web shoppers who fill their online shopping carts become frustrated and leave the site before checking out. | |||||||||||||||
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| Genuine leaders: | |||||||||||||||
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| A company must file a __________ describing both the company and the stock offering with the Securities and Exchange Commission (SEC) before making an initial public offering. | |||||||||||||||
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| . According to the textbook, the fastest growing market for U.S. small business exporters is: | |||||||||||||||
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| Which of the following statements concerning the interview process is false? | |||||||||||||||
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| Which of the following is a strategy for building a successful e-business? | |||||||||||||||
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| Shopping malls typically average __________ parking spaces per 1,000 square feet of shopping space. | |||||||||||||||
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| Which of the following countries represents the top market for U.S. small business exporters? | |||||||||||||||
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| Which of the following statements concerning financing a small business is true? | |||||||||||||||
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| A __________ is a written statement of the duties, responsibilities, reporting relationships, working conditions, and materials and equipment used in a job. | |||||||||||||||
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| Creating a family limited partnership can save business owners significant amounts in the estate taxes they must pay. Because family-owned businesses are closely-held, their shares of ownership are not as marketable as those of publicly-held, and tax law allows owners to discount the value of those shares. The average discount is __________ of a company's full market value. | |||||||||||||||
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| An entrepreneur who wants to open a bed and breakfast inn in an area that is zoned "residential" is going before the local zoning board seeking a(n) __________, a special exemption to the zoning ordinance that would allow her to locate her business in this area. | |||||||||||||||
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| A(n) __________ is a loan arrangement with a commercial bank in which a small company can borrow up to a predetermined amount at any time during the year quickly and conveniently by writing itself a loan. | |||||||||||||||
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| The simplest and least expensive way for a small business to begin conducting business globally is to: | |||||||||||||||
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| The simplest way for entrepreneurs to get their business online is to: | |||||||||||||||
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| A __________ is a specially designated area that allows resident companies to import materials and components from foreign countries; assemble, process, package, or manufacture them; and then ship finished products out while incurring lower tariffs and duties, or in some cases, eliminating them altogether. | |||||||||||||||
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| __________ is a work arrangement in which employees who spend most of their time away from the office use the same office space at different times, which can greatly reduce the need for permanent offices that would sit idle much of the time. | |||||||||||||||
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| Which of the following questions is illegal in an interview? | |||||||||||||||
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| Domain names can be registered with the U.S. Patent and Trademark Office. | |||||||
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| Under NAFTA, companies have greater protection of their patents, trademarks, and copyrights across national borders. | |||||||
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| The Arthur Andersen/MassMutual Survey of American Family Businesses reports that __________ percent of small business owners have written estate plans. | |||||||||||||||
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| Small companies account for __________ percent of the companies involved in exporting, and they generate about __________ of the dollar value of the nation's exports. | |||||||||||||||
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| A business owner seeking money to purchase a building and the equipment needed to launch a welding shop would need which kind of capital? | |||||||||||||||
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