Which of the following is a disadvantage of leasing?
A. It requires a considerably high initial cash outlay than building or buying.
B. It is expensive than building or buying a property that are of the same value.
C. Lease expenses are not deductible business expenses.
D. Renovation options are limited in a leased property.
Which of the following is a type of transfer?
A. Liquidation
B. Workout
C. Walkaway
D. Pass off
The most common form of _____ is the pilfering of items of small value, such as office
supplies and small hand tools, or actions such as making copies for their children to use
at school or otherwise using company resources to make personal items.
A. violation of governmental regulations
B. contract violation
C. property risk
D. employee theft
_____ refers to the process of deciding among various investment opportunities to
create a specific spending plan.
A. Factoring receivables
B. Cash budgeting
C. Inventory valuation
D. Capital budgeting
_____ tend to level off after success defined by sales of between $100,000 and
$1,000,000, depending on the industry.
A. Lifestyle firms
B. Traditional small businesses
C. High-performing small businesses
D. High-growth ventures
Which of the following is a reward that is rarely mentioned by entrepreneurs?
A. To have a chance to build great wealth
B. To have greater flexibility for personal and family life
C. To continue a family tradition
D. To develop an idea for a product
Saffron Spas Inc. has two membership schemes meant to attract different customer
segments. The executive membership program priced at $1000 allows for unlimited
usage of the services available in the spa chain up to a year. The premium membership
program priced at $700 allows for limited usage of the spa services up to a year.
According to this information, which of the following pricing strategies is adopted by
Saffron Spas Inc.?
A. Captive pricing
B. Partitioned Pricing
C. Price lining
D. Going rate
A research process that provides the entrepreneur with key information about other
firms in the same line of business as his or her, the current situation and trends is known
as:
A. SWOT analysis.
B. VRIO analysis.
C. value chain analysis.
D. industry analysis.
A(n) _____ allows specific geographic segmentation.
A. newspaper
B. magazine
C. e-mail
D. video
Which of the following is true of creative business owners?
A. They implement an imitative strategy to their business.
B. They do not ask many questions.
C. They question and challenge the way things appear.
D. They give more importance to the problems they face rather than identifying
opportunities.
Using _____ as a defense puts the entrepreneur who uses it, and, usually by association,
the whole small business community, in a negative light.
A. social capital
B. utilitarianism
C. green audit
D. caveat emptor
_____ is a value benefit that can come from the products or services that a business
owner offers, or from his or her firm’s reputation.
A. Brand
B. Scale savings
C. Learning
D. Scope savings
The SCAMPER tool is based on the work of:
A. David McClelland.
B. Abraham Maslow.
C. Alex Osborne.
D. Frederick Herzberg.