| Read 'Chapter 1: Getting Started' & answer the following question(s): |
| 1. | The tough questions to ask when starting a business do NOT include which of the following? |
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| 2. | What percentage of American business are consideed 'small'? |
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| 3. | Reasons to start a franchise instead of an entirely new business include all of the following EXCEPT: |
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| 4. | Which of these is NOT likely a deciding factor in buying an existing business. |
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| 5. | Which of the following is NOT a method of determining the value of a business? |
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| 6. | A business value may be computed by multiplying net income by a: |
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| 7. | There are many ways to determine the value of a business. What is one of the common methods used to determine the value of a business based on the revenue generating capacity of the company? |
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| 8. | Assume that gross revenue is $32,500,000 and gross revenue multiplier is 0.4. What is the valuation? |
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| 9. | The tough questions to ask when starting a business do NOT include? |
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| 10. | Where should a retail store be located? |
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| 11. | Which of the following is NOT a benefit that results from developing a thorough business plan? |
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| 12. | A business plan does NOT include which of the following sections? |
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| 13. | A well-prepared business plan serves what functions? |
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| 14. | A business plan can also be used as a(n): |
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| Read 'Chapter 2: Debt and Equity Financing' & answer the following question(s): |
| 15. | Which of the following is NOT an important factor to be considered in deciding upon a source of financing? |
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| 16. | Which one of the following provides a cost-free source of financing for a firm? |
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| 17. | Prior to presenting loan proposals to lenders, what should potential SBA borrowers who are seeking to start a new business prepare first? |
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| 18. | Leasing advantages include all EXCEPT: |
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| Read 'Chapter 3: Managing Financial Assets' & answer the following question(s): |
| 19. | Which of the following is NOT an alternative marketable security suitable for short-term investment? |
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| 20. | When managing cash, which of the following can be used to delay the outflow of cash? |
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| 21. | When managing cash and short-term investments, a corporate treasurer is primarily concerned with which of the following items? |
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| 22. | Which of the following is something you should avoid when managing inventory? |
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| 23. | What do inventory ordering costs include? |
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| 24. | What does the result of the economic order quantity formula indicate? |
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| 25. | In inventory management, when will the level of safety stock tend to increase? |
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| 26. | This is NOT a credit bureau: |
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| Read 'Chapter 4: Legal Considerations' & answer the following question(s): |
| 27. | To qualify as an S corporation, a corporation cannot have more than how many shareholders. |
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| 28. | Which of the following may be included in a patent application: |
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| 29. | Legal purchase agreements do NOT generally include which of the following items? |
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| 30. | Which of the following activities will help protect your business products from competitive infringement? |
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| 31. | You may obtain a utility patent granting you exclusive rights for how many years. |
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| Read 'Chapter 5: Accounting, Cost and Financial Analysis' & answer the following question(s): |
| 32. | Which of the following is NOT one of the questions that will generally be answered by an adequate financial recordkeeping system? |
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| 33. | Activity ratios do NOT include: |
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| 34. | Financial ratios can be classified into all but which one of the following types: |
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| Read 'Chapter 6: Taxes' & answer the following question(s): |
| 35. | Startup costs do NOT include which of the following? |
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| 36. | If an employee does not fill out a W-4, the business should treat them as: |
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| 37. | Most states provide specific exemptions from sales taxes to all of the following entities EXCEPT: |
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| Read 'Chapter 7: Marketing' & answer the following question(s): |
| 38. | Which of the activities is NOT a major area of marketing research? |
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| 39. | The potential advantages of new product introduction do NOT include which of the following? |
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| 40. | What does ‘personal selling’ involve? |
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| 41. | Which one of the following is not mentioned as a factor to be considered in establishing a selling price? |
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| 42. | The different basic pricing approaches for a new product does NOT include which of the following strategies? |
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| Read 'Chapter 8: Operations' & answer the following question(s): |
| 43. | When selecting an insurer, which of the following is NOT listed as an important factor? |
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| 44. | This is accounting software for the small business. |
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| Read 'Chapter 9: Managing Human Resources' & answer the following question(s): |
| 45. | What is a disadvantage of using a temporary agency for temporary help? |
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