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Small Business Management
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Small Business Management
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25 Questions

1. A form of legal organization in which a business association made up of two or more persons is formed for the purpose of carrying on as co-owners is known as a...

2. A common business credit/sales tern is...

3. A written description of a new idea that projects marketing - operational - and financial aspects of a proposed business is known as a...

4. Which of the following would NOT be an insurance risk to consider?

5. The main objective in a market survey is...

6. Any credit that is extended from one business to another in order to help finance the distribution of goods from the producer is called...

7. Which of the following are functions of management?

8. Which of the following is not a consideration concerning the selection of suppliers?

9. A business that makes finished goods from raw materials by hand or machinery is referred to as a...

10. 2/10 - N/30 means...

11. Any capital that is invested in a business by the owner(s) can be called...

12. The difference between merchandise cost and the selling price is known as the...

13. Which of the following acts outlaws discrimination in employment based on race - color - religion - sex - pregnancy - or natural origin?

14. The wealth produced in or near a community that provides employment and income to the local population is known as the...

15. Business interruption insurance covers

16. A source of debt capital would include

17. A particular business that provides a service as opposed to a product is referred to as a...

18. Which of the following is a requirement for a building layout?

19. The difference between current assets and current liabilities is...

20. The association of business firms that promotes ethical conduct by all business firms in a community is known as the...

21. Capital that is invested in the business by the owner(s) is known as...

22. Which of the following is NOT a type of consumer credit?

23. Rent is an example of a...

24. Life insurance that protects a firm against losses due to the death of a key employee is known as...

25. In business - the name - goodwill - copyrights - and patents are referred to as...

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