BUS 508 Chapter 5 Quiz\t1. \ufffd ________ local programs designed to provide low-cost shared business facilities to small start-up ventures.\t2. \ufffd Money invested in a business by another business firm or group of individuals in exchange for an ownership share is called a ________.\t3. \ufffd A sole proprietorship does not give the owner maximum management flexibility along with the right to all profits after payment of business related bills and taxes.\t4. \ufffd ________ overseas is also a growing trend for businesses whose goal is to expand into foreign markets.\t5. \ufffd A ________ is an independent business with fewer than 500 employees, not dominant in its market.\t6. \ufffd With more money to spend on employees, marketing, inventory, and other business costs, successful small companies need to be creative.\t7. \ufffd The past ________ have seen a steady erosion of small businesses in some industries as larger firms have bought out small independent businesses and replaced them with larger operations.\t8. \ufffd One of the least common causes of small business failure is the shortcomings of management.\t9. \ufffd The ________ provides information and assistance in business planning, licenses and registrations, taxes, and employment considerations.\t10.\u00a0 Family-owned firms are considered by many to be the backbone of American business.\t11.\u00a0 The following are the categories of corporations, except:\t12.\u00a0 Small businesses make tremendous contributions to the U.S. economy and to society as a whole.\t13.\u00a0 ________ are firms operated from the residence of the business owner.\t14.\u00a0 Every federal agency with buying authority must maintain an Office of Small and Disadvantaged Business Utilization to ensure that small businesses receive a reasonable portion of government procurement contracts.\t15.\u00a0 A ________ is an association of two or more persons who operate a business as co-owners by voluntary legal agreement.\t16.\u00a0 A ________ is a partnership between companies formed for a specific undertaking.\t17.\u00a0 A ________ is the firm whose products are sold to customers by the franchisee.\t18.\u00a0 Freedom from overhead costs such as leasing office or warehouse space is another major attraction of home-based businesses.\t19.\u00a0 Women, like men, have a variety of reasons for starting their own companies.\t20.\u00a0 ________ are owners of a corporation due to their purchase of stock in the corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"
BUS 508 Chapter 5 Quiz 1. \ufffd ________ local programs designed to provide low-cost shared business facilities to small start-up ventures. 2. \ufffd Money invested in a business by another business firm or group of individuals in exchange for an Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-205178","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/205178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=205178"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/205178\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=205178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=205178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=205178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}