MGT 487 EXAM QUESTIONS WITH
COMPLETE SOLUTIONS
24) Small businesses are independent businesses that have fewer than
| | | | | | | | | |
________ employees. | |
A) 100
| |
B) 200
| |
C) 300
| |
D) 500
| |
E) 1000 - CORRECT ANSWER✔✔-D
| | | |
25) Small businesses represent more than ________ percent of all
| | | | | | | | | |
employers. |
A) 40
| |
B) 50
| |
C) 99
| |
D) 60
| |
E) None of the above answer choices is correct. - CORRECT
| | | | | | | | | | |
ANSWER✔✔-C
,26) Small businesses account for ________ percent of the private sector
| | | | | | | | | |
output.
| |
A) 10
| |
B) 20
| |
C) 25
| |
D) 50
| |
E) 99 - CORRECT ANSWER✔✔-D
| | | |
27) Small businesses employ over ________ of all private workers.
| | | | | | | | | |
A) 90 percent
| | |
B) 25 percent
| | |
C) a third
| | |
D) half
| |
E) 75 percent - CORRECT ANSWER✔✔-D
| | | | |
28) A small business is not characterized by
| | | | | | | |
A) being independently owned.
| | | |
B) having fewer than 100 employees.
| | | | | |
C) engaging in innovative practices.
| | | | |
D) having little impact on its industry.
| | | | | | |
E) None of the answer choices is correct. - CORRECT ANSWER✔✔-C
| | | | | | | | | |
, 29) A business that is characterized by innovative strategic practices and
| | | | | | | | | |
which has as its main goals profitability and growth is called
| | | | | | | | | | | |
A) a small business.
| | | |
B) an entrepreneurial venture.
| | | |
C) strategically positioned.
| | |
D) a cash cow.
| | | |
E) a star. - CORRECT ANSWER✔✔-B
| | | | |
30) One difference between an entrepreneurial venture and a small
| | | | | | | | | |
business is the former's | | | |
A) willingness to take risks
| | | | |
B) innovative strategic practices
| | | |
C) strategic goals are profitability and growth
| | | | | | |
D) interest in seeking out new opportunities
| | | | | | |
E) All of the answer choices are correct. - CORRECT ANSWER✔✔-E
| | | | | | | | | |
31) Which of these is NOT a characteristic of entrepreneurial ventures?
| | | | | | | | | |
A) Little impact on industry
| | | | |
B) Innovative practices
| | |
C) Pursue opportunities
| | |
D) Have growth and profitability as main goals
| | | | | | | |
COMPLETE SOLUTIONS
24) Small businesses are independent businesses that have fewer than
| | | | | | | | | |
________ employees. | |
A) 100
| |
B) 200
| |
C) 300
| |
D) 500
| |
E) 1000 - CORRECT ANSWER✔✔-D
| | | |
25) Small businesses represent more than ________ percent of all
| | | | | | | | | |
employers. |
A) 40
| |
B) 50
| |
C) 99
| |
D) 60
| |
E) None of the above answer choices is correct. - CORRECT
| | | | | | | | | | |
ANSWER✔✔-C
,26) Small businesses account for ________ percent of the private sector
| | | | | | | | | |
output.
| |
A) 10
| |
B) 20
| |
C) 25
| |
D) 50
| |
E) 99 - CORRECT ANSWER✔✔-D
| | | |
27) Small businesses employ over ________ of all private workers.
| | | | | | | | | |
A) 90 percent
| | |
B) 25 percent
| | |
C) a third
| | |
D) half
| |
E) 75 percent - CORRECT ANSWER✔✔-D
| | | | |
28) A small business is not characterized by
| | | | | | | |
A) being independently owned.
| | | |
B) having fewer than 100 employees.
| | | | | |
C) engaging in innovative practices.
| | | | |
D) having little impact on its industry.
| | | | | | |
E) None of the answer choices is correct. - CORRECT ANSWER✔✔-C
| | | | | | | | | |
, 29) A business that is characterized by innovative strategic practices and
| | | | | | | | | |
which has as its main goals profitability and growth is called
| | | | | | | | | | | |
A) a small business.
| | | |
B) an entrepreneurial venture.
| | | |
C) strategically positioned.
| | |
D) a cash cow.
| | | |
E) a star. - CORRECT ANSWER✔✔-B
| | | | |
30) One difference between an entrepreneurial venture and a small
| | | | | | | | | |
business is the former's | | | |
A) willingness to take risks
| | | | |
B) innovative strategic practices
| | | |
C) strategic goals are profitability and growth
| | | | | | |
D) interest in seeking out new opportunities
| | | | | | |
E) All of the answer choices are correct. - CORRECT ANSWER✔✔-E
| | | | | | | | | |
31) Which of these is NOT a characteristic of entrepreneurial ventures?
| | | | | | | | | |
A) Little impact on industry
| | | | |
B) Innovative practices
| | |
C) Pursue opportunities
| | |
D) Have growth and profitability as main goals
| | | | | | | |
