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WorksheetsStarting a Small Business - Segment Test
Total questions: 21
Worksheet time: 12mins
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?
Personal background
Technical skills
Hobbies and interests
Work experience
With what office do owner(s) register the business's name?
Office of Comptroller
Secretary of State
Small Business Administration
Courthouse
Site locators __________ the ability to promote the business and be successful.
Increase
Decrease
Ignore
Limit
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
Flat
Matrix
Network
Which section of the business plan identifies a target market?
Marketing and sales
Organization and management
Market analysis
Service and/or product line
The phenomenon demonstrating individuals' desire to get along and avoid conflict is known as which of the following?
Crowd concept
Groupthink
Dissonance repression
Controversy avoidance
Which section of the business plan should be the bulk of the plan?
Marketing and sales
Organization and management
Market analysis
Service and/or product line
Which type of market test engages the snowball effect?
Focus groups
Surveys
Networking
Interviewing
Which section of the business plan discusses how owner(s) plan to enter the industry and grow the business?
Marketing and sales
Organization and management
Market analysis
Service and/or product line
What is the first and primary question you should ask yourself before starting a small business?
Am I business savvy
Where will I get the money
Where should my business be located
Do I have what it takes
When starting a new business, you should be prepared for which of the following?
Six-hour workdays four to five days each week
Eight-hour workdays five to six days each week
Ten-hour workdays five to six days each week
Twelve-hour workdays six to seven days each week
According to the segment, which of the following is NOT a question asked in the strategy and development process?
Who will the business serve
What is the business's vision and mission
Where will we buy equipment
How is the brand going to be developed
Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following?
Competitive risk
Market analysis
Marketing
Expansion capital
Which of the following is NOT a type of business ownership?
Sole proprietorship
Partnership
Corporation
Monopoly
Match the following
benefit of organizing
profit and better efficiency
hazard of not being organized
loss of money and resources
resources to be organized
human, capital, financial, informational
organizational designs
functional, divisional, matrix, lateral
plans to organize
strategic, tactical, contingency(back up
