BA109

BA109 Quiz 15 Questions and Answers 2023 with complete solution Unlike an EMC or an ETC, manufacturers' export agents act as international sales representatives in a limited number of markets for various noncompeting domestic companies, typically operating on a commission basis. True Which of the following statements is/are true regarding export management companies? All of these Although franchising is a popular way to do business in the United States, it is not a popular strategy in in...

BA109 Quiz 13 Latest 2023 with complete solution The U.S. Department of Agriculture's Rural Business Co-op Service provides financial assistance to businesses that create nonfarm employment opportunities in rural areas. True The largest single source of external equity capital for small businesses is: angels. Rather than piecing together their startup capital from multiple sources as they have in the past, entrepreneurs now are relying on a single source of funding. False Asset-based l...

BA109 Quiz 7 Latest 2023 with complete solution The due diligence process in analyzing and evaluating an existing business can be just as time consuming as the development of a comprehensive business plan for a start-up. True Goodwill is the difference between an established successful business and one that has yet to prove itself. True When evaluating a business as a potential candidate for purchase, an entrepreneur should determine the real reason the current owner wants to sell. True ...

BA109 Quiz 8 Questions and Answers 2023 The specific group of customers at whom a company aims its goods and services is its target market. True Since front-line service workers are not able to predict the causes of customer complaints, managers must be the ones to identify potential customer service problems. False A combination of news covered by the media that boosts sales without having to pay is best described by the term: public relations. Because a majority of the average company...

BA109 Module 6 Exam (Chapters 1-5) with complete solution Which of the following statements about women-owned businesses is false? The survival rate of women-owned businesses is much lower than that of U.S. businesses overall. T/F About 75 percent of the businesses in the U.S. can be considered "small" businesses. False Entrepreneurs who start businesses because they cannot find work any other way are: necessity entrepreneurs. Entrepreneurs typically possess: a high level of commitme...

BA109 Quiz 5 Latest 2023 with complete solution Acme Corporation is chartered in Delaware, but its primary area of operation is in South Carolina. In South Carolina, Acme would be considered a(n) ________ corporation. foreign T/F State law requires that individuals creating a partnership file the Articles of Partnership with the secretary of state. False T/F "Double taxation" refers to the fact that corporations are required to pay both federal and state income taxes. False T/F The co...

BA109 Quiz 2 Latest 2023 Complete T/F Failure is an important part of the creative process, as it provides a chance to learn how to succeed. True T/F Although creativity sometimes involves generating something from nothing, it more likely results in elaborating on the present, putting old things together in new ways, or taking something away to create something simpler or better. True??? Entrepreneurs can stimulate their own creativity and encourage it among workers by: expecting and tol...

BA109 Exam PART 2 Latest 2023 with complete solution Entrepreneurs choose to enter their particular business fields because they have an interest in them and enjoy those lines of work. They have often made their hobbies their business. True Women in business still experience ________ as they attempt to break the "glass ceiling." discrimination Not all family-owned businesses are small; in fact, approximately one-third of the Fortune 500 companies are family businesses. True An often f...

BA109 Quiz 6 Latest 2023 with complete solution A significant advantage a franchisee has over an independent business is the participation in the franchisor's ________ largely due to the ________ the franchise offers. centralized buying power: economies of scale A franchise is a system of distribution in which semi-independent business owners pay ________ and ________ to a parent company in return for the right to become identified with its trademark, to sell its product or services, and o...

BA109 Quiz 7 Latest 2023 with complete solution The due diligence process in analyzing and evaluating an existing business can be just as time consuming as the development of a comprehensive business plan for a start-up. True Goodwill is the difference between an established successful business and one that has yet to prove itself. True When evaluating a business as a potential candidate for purchase, an entrepreneur should determine the real reason the current owner wants to sell. True ...