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Small Business Management
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Small Business Management
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25 Questions

1. Whenever a business must pay for the merchandise before its delivery - which of the sales terms apply?

2. A strategy to minimize risk would be to...

3. Which of the following are advantages of a corporation?

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

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

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

7. Which of the following statements is TRUE concerning consumer credit?

8. A plan which provides inducements to potential purchasers of products and/or services is called...

9. Which of the following is NOT an advantage of a corporation?

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

11. The form of legal organization that is owned and operated by one person is the...

12. A governmental agency with the responsibility for regulatory and enforcement of safety and health matters for most United States employees - is known as...

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

14. A document that lists the major responsibilities and tasks of the job is known as a job

15. 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...

16. Rent is an example of a...

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

18. Which of the following is recognized as a disadvantage of extending credit?

19. Which of the following is an intangible asset?

20. 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...

21. 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...

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

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

24. Business interruption insurance covers

25. The number of times the average inventory has been sold or used up during a period is known as...

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