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Small Business Management
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Small Business Management
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25 Questions

1. A cost which is uniform per unit - but fluctuates in total - in direct proportion to change in the related total activity or volume is known as...

2. Which of the following is an internal problem that can contribute to the failure of a business?

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

4. On a chart which plots sales - fixed and variable costs for a given period of time - the point where the sales and the total cost lines intersect is called the...

5. Which of the following are functions of management?

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

7. A management function which compares organizational and individual performance with predetermined standards or expected results is...

8. Which of the following is an internal problem that can lead to business failure?

9. In business - a reduction of selling price below the original selling price is referred to as...

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

11. The type of consumer credit where the balance is paid in small monthly (fractional) payments over a period of time is...

12. A source of debt capital would include

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

14. An external problem that can lead to small business failure is...

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

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

17. Which of the following are disadvantages of a partnership?

18. The statistical study of human populations with respect to their size - density - distribution - composition - and income is known as...

19. Which of the following is an example of a variable expense?

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

21. Which of the following is normally NOT a source of published market data?

22. Which of the following are examples of debt capital?

23. Which of the following are advantages of a partnership?

24. An association of business people who attempt to protect and promote the commercial interests in a community is known as the...

25. A line of credit that may b e used over and over again up to a certain borrowing limit is called...