MGMT 3850 CHAPTER 14 HOMEWORK QUESTIONS AND ANSWERS (MGMT3850CHAPTER14HOMEWORKQUESTIONSANDANSWERS)

MGMT 3850 CHAPTER 14 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 14 Choosing the Right Location and Layout 1) The first phase of determining where to locate a business is: A) choosing a state in which the business owner wants to live. B) determining which city has the demographics that best fit the business. C) conducting a specific site analysis. D) determining which regions of the country are experiencing growth. Answer: D Diff: 2 Page Ref: 521 AACSB: Analytic Skills Learning Obj.: 1 2) The location has far-reaching ramifications, such as high-tech companies that need: A) a highly skilled work force. B) a high traffic site. C) easy access to shipping routes. D) a nearby retail district. Answer: A Diff: 2 Page Ref: 520 AACSB: Reflective Thinking Learning Obj.: 1 3) Entrepreneurs using the Census Bureau's Web site to evaluate potential locations have access to which of the following information about the residents in those locations? A) Income levels B) Age distributions C) Occupational data D) All of the above Answer: D Diff: 1 Page Ref: 521 AACSB: Analytic Skills Learning Obj.: 1 4) Which of the following information is available from U.S. Census data? A) The value of the homes in an area B) The number of rooms in the homes in an area C) Number of vehicles owned D) All of the above Answer: D 2 Diff: 2 Page Ref: 522 AACSB: Analytic Skill