Starting a Small Business (Entrepreneurship)

Which of the following is NOT one of the considerations to determine if you “have what it takes” to start a business?

• Finances

• Support

• Experience

• Family life

When conducting a market analysis, you should forecast the next __________.

• One to three years

• Three to five years

• Five to eight years

• Eight to ten years

What is the term for specific, time-sensitive accomplishments used to measure the short-term progress of an organization?

• Goals

• Missions

• Plans

• Objectives

Which of the following business structures work great for small businesses?

• Bureaucratic

• Hierarchical

• Learning based

• Divisional

Management profiles do NOT include which of the following?

• A list of community relations

• A description of managers functions in an organization

• A list of industry relations

• A description of family

With what office do owner(s) register the businesses name?

• Office of Comptroller

• Secretary of State

• Small Business Administration

• Courthouse

Site locators __________ the ability to promote the business and be successful.

• Increase

• Decrease

Which of the following is NOT suggested to prevent groupthink?

• Use an experienced facilitator

• Conduct multiple focus group sessions

• Avoid members with dominant personalities

• Assign one member to be devil’s advocate

The statement: “to increase our brand recognition” is an example of which of the following?

• Mission statement

• Goal

• Objective

• Tactic

Which of the following structures adopt the chain-of-command methodology?

• Bureaucratic

• Hierarchical

• Learning based

• Divisional