strayer bus402 full course [ all discussiions all quizes and all assignments ]

Question # 00026414 Posted By: spqr Updated on: 09/22/2014 01:40 AM Due on: 10/21/2014
Subject Business Topic General Business Tutorials:
Question
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QuestionEntrepreneurs
Please respond to the following:
  • Inc. magazine claims, “Entrepreneurship is more mundane than it is sometimes portrayed . . . you don't need to be a person of mythical proportions to be very, very successful in building a company.” Discuss whether you agree or disagree with this statement and why.
  • Analyze the characteristics of a successful entrepreneur and determine if you have what it takes to start your own business. Provide specific examples to support your response.

week 1 diss 2
Strategic Management
Please respond to the following:
  • Analyze the steps involved in developing a strategic plan for a company and determine which step is the most difficult to get right. Explain your rationale.
  • From the e-Activity, determine how you would leverage the support provided by the U.S. Small Business Administration in planning and starting your own business. Provide specific examples to support your response.


wek 2 diss 1
Choosing a Form of Ownership
Please respond to the following:
  • From the e-Activity, describe the most appropriate form of ownership for your new franchise based on your current financial situation. Provide specific examples to support your response.
  • Assume the form of your new business will be a partnership (if you have not already done so). Discuss the types of conflicts that may arise and how you could prevent them from arising in the first place.


week 2 diss 2
Franchising and the Entrepreneur
Please respond to the following:
  • Based on the case study (“Firehouse Subs”), determine which of the three options executives are considering would be most beneficial to a single franchise owner. Explain your rationale.
  • From the e-Activity, discuss the advantages and disadvantages of being a franchisee of the franchise you selected. Provide specific examples to support your response.




Buying an Existing Business
Please respond to the following:
  • From the e-Activity, discuss the best possible method for determining the value of the business you selected. Explain your rationale.
  • Create a strategy for negotiating the purchase of the business you selected in the e-Activity.

week 3 diss 1
Feasibility Analyses and Business Plans
Please respond to the following:
  • Develop an idea for a new business and conduct a feasibility analysis. Please be as creative as you like in the development of your idea (but as careful as you can be in your analysis of that idea).
  • Analyze the steps involved in crafting a wining business plan and make at least one recommendation for improving the process. Explain your rationale for making the recommendation you did

week 4 diss 1
Creating a Solid Financial Plan
Please respond to the following:
  • Discuss the best way to leverage a breakeven analysis when defining a business strategy.
  • Analyze the 12 financial ratios mentioned in the textbook and determine which is the most useful to the greatest number of small businesses. Explain your rationale.
week 4 diss 2

Managing Cash Flow
Please respond to the following:
  • Analyze the steps involved in preparing a cash budget and determine which steps presents the greatest number of obstacles to the greatest number of small businesses. Explain your rationale.
  • Analyze the steps involved in avoiding a cash crunch and make at least one additional recommendation for doing so. Provide specific examples to support your response.



Guerrilla Marketing
Please respond to the following:
  • From the first e-Activity, discuss the key elements that made the guerrilla marketing so successful. Explain your rationale.
  • Discuss possible best practices from the guerrilla marketing campaign that different types of small businesses could leverage. Provide specific examples to support your response.
week 5 diss 2
Advertising and Promotion
Please respond to the following:
  • From the second e-Activity, determine the best possible way to leverage Facebook, Twitter, and other social networking sites to advertize and promote the small business of your choice. Explain your rationale.
  • Select a small business with which you are familiar and then determine the best way for that business to stretch its advertising budget. Provide specific examples to support your response.

week 6 diss 1
Pricing and Globalization Strategies
Please respond to the following:
  • From the e-Activity, discuss the best possible pricing strategy based on whether the company you selected is a retailer, manufacturer, or service firm. Explain your rationale.
  • Discuss the best possible way the company you selected could expand its market globally.


  • week 6 diss 2
Globalization and Sources of Equity Financing
Please respond to the following:
  • From the e-Activity, discuss how the company you selected might benefit from selling new customers on e-Bay (as opposed to building and maintaining its own Website).
  • Referring to the same company, determine the best source of equity capital available to the company you selected. Explain your rationale.


week 7 disscussion 1
Sources of Debt Financing
Please respond to the following:
  • Briefly describe a small business you could envision yourself owning and discuss the most appropriate source of debt capital for that business. Explain your rationale.
  • From the e-Activity, discuss how you could best use an SBA loan to get your business running or expanding. Provide specific examples to support your response.

diss 2

Location, Layout, and Physical Facilities
Please respond to the following:
  • Using the same small business you described in the first discussion, determine the best possible location for your business within driving distance of where you now live. Explain your rationale.
  • Discuss the layout and design configuration of a building you would like to use to house your business, including how you would comply with the Americans with Disabilities Act.

week 8 diss 1
Supply Chain Management
Please respond to the following:
  • From the e-Activity, determine which best practices can be applied to the greatest number of small businesses. Explain your rationale.
  • Analyze the principles of Total Quality Management (TQM) and Six Sigma in regard to quality control of a product or service, and make at least one recommendation for improvement. Explain your rationale

diss 2
Managing Inventory

  • Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
  • For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.



week 9

Fikes Products
Please respond to the following:
  • From the case study, discuss possible new options for finding quality employees other than those considered in the case study.
  • From the case study, discuss how Mark Sims could better motivate the employees he already has to become more productive and dedicated. Provide specific examples to support your response.

Management Succession and Risk Management Strategies
Please respond to the following:

  • Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
  • Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.

week 10


    Ethics and Social Responsibility
    Please respond to the following:
    • Select a small business with which you are familiar and develop a plan of action for encouraging ethical behavior. Provide specific examples to support your response.
    • Analyze a business’s responsibilities to the environment, employees, customers, investors, and the community, and determine which is the most important. Explain your rationale.


    The Legal Environment
    Please respond to the following:

    • Select a small business with which you are familiar and discuss the most likely forms of business law it would need to be concerned about. Provide specific examples to support your response.
    • Referring to the same company, discuss the most likely government regulations that would directly impact day-to-day operations. Provide specific examples to support your response.
    week 11

    Summation
    Please respond to the following:
    • Reflecting back on everything you have learned in this course, discuss the single most important lesson any entrepreneur should apply in order to be successful. Explain your rationale.
    • Summarize the lessons learned in this course in 140 characters or less (something you could post on Twitter).


    My Dream Business
    Please respond to the following:

    • Discuss the most innovative idea you can dream up for a new business. Explain why you think it would be successful.
    • Discuss the major challenges you would face in running such a business and how you would expect to overcome them. Provide specific examples to support your response.










    Part-time entrepreneurship has an additional advantage over starting up a company full-time in that:

    Answer

    • Question 2

    2 out of 2 points

    One key to success with a business startup is to begin with enough ________:

    Answer

    • Question 3

    2 out of 2 points

    U.S. economic structure is moving:

    Answer

    • Question 4

    0 out of 2 points

    Dirk wants to be in control. He's tired of taking orders from others and wants to feel a sense of accountability for the outcome of his work. Dirk displays the entrepreneurial characteristic of:

    Answer

    • Question 5

    2 out of 2 points

    The growth of entrepreneurship is being fed by:

    Answer

    • Question 6

    2 out of 2 points

    When building a home-based business, it is important that the entrepreneur:

    Answer

    • Question 7

    2 out of 2 points

    A significant benefit of starting your own company is:

    Answer

    • Question 8

    2 out of 2 points

    Juan is able to work well in a constantly changing atmosphere and has little concern for what tomorrow will bring. Juan demonstrates which of the following characteristics of a typical entrepreneur?

    Answer

    • Question 9

    2 out of 2 points

    Kyoto has started an interior decoration business. Everything about the business, from its name to the color schemes used in the corporate letterhead, is an expression of her personality. She sees this business as her greatest personal achievement. Kyoto is experiencing the opportunity ________ of small business ownership.

    Answer

    • Question 10

    2 out of 2 points

    When running a home-based business:

    Answer

    • Question 11

    2 out of 2 points

    Minorities cite which of the following as the primary barrier to their entrepreneurship?

    Answer

    • Question 12

    2 out of 2 points

    Mary and Ted are discussing starting a new business and are asking themselves a series of questions like; "What is the worst that could happen if we fail?" "How likely is that to happen?" They are assessing which potential drawback of small business ownership?

    Answer

    • Question 13

    2 out of 2 points

    "Copreneurs" are marked by:

    Answer

    • Question 14

    2 out of 2 points

    Companies started by women differ from companies started by men in that:

    Answer

    • Question 15

    0 out of 2 points

    Researchers who study entrepreneurs have discovered that:

    Answer

    • Question 16

    2 out of 2 points

    The most successful strategic plans make the ________ focal.

    Answer

    • Question 17

    2 out of 2 points

    Every business is characterized by a set of controllable variables called ________ that determines the relative success (or lack of it) of market participants:

    Answer

    • Question 18

    2 out of 2 points

    ________ are negative internal factors that inhibit the accomplishment of a firm's objectives.

    Answer

    • Question 19

    2 out of 2 points

    ________ are the broad, long-range attributes the small business seeks to accomplish; ________ are the specific, measurable milestones the company wants to achieve.

    Answer

    • Question 20

    2 out of 2 points

    ________ focuses everyone's attention and efforts on the same target market. It is an expression of what the owner believes in.

    Answer

    • Question 21

    2 out of 2 points

    A small business owner needs to remember that when it comes to employee involvement in the strategic planning process:

    Answer

    • Question 22

    2 out of 2 points

    When the small business owner assesses her company's strengths and weaknesses, she is dealing with the ________ business environment.

    Answer

    • Question 23

    2 out of 2 points

    A competitive profile matrix:

    Answer

    • Question 24

    2 out of 2 points

    Rather than attempting to serve the total market, the small firm pursuing a ________ strategy specializes in serving a specific target segment.

    Answer

    • Question 25

    2 out of 2 points

    A small business's "aggregation of factors that sets it apart from its competitors" is its:

    Answer

    • Question 26

    2 out of 2 points

    The final step of the strategic planning process is:

    Answer

    • Question 27

    2 out of 2 points

    Once the vision and mission are established, the entrepreneur needs to:

    Answer

    • Question 28

    2 out of 2 points

    ________ are specific measurable targets to be accomplished in a defined time period.

    Answer

    • Question 29

    2 out of 2 points

    The small firm's "master plan" is its:

    Answer

    • Question 30

    2 out of 2 points

    ________ are negative external forces that inhibit the firm's ability to achieve its objectives.

    Answer

    quiz 2

    One major advantage of the ________ is that once the owner has paid all of the company's expenses, he/she can keep the remaining profits (less taxes, of course).

    Answer

    • Question 2

    2 out of 2 points

    Corporations that are formed in other countries but do business in the United States are:

    Answer

    • Question 3

    2 out of 2 points

    A corporation doing business in the state in which it is incorporated is considered to be a(n) ________ corporation.

    Answer

    • Question 4

    2 out of 2 points

    The ________ is the most complex form of ownership and is a separate legal entity in the eyes of the law.

    Answer

    • Question 5

    0 out of 2 points

    A limited liability company is formed under:

    Answer

    • Question 6

    2 out of 2 points

    The key to choosing the "right" form of ownership is:

    Answer

    • Question 7

    2 out of 2 points

    A partnership is:

    Answer

    • Question 8

    2 out of 2 points

    The most critical disadvantage of the sole proprietorship is:

    Answer

    • Question 9

    2 out of 2 points

    A significant disadvantage of a partnership is:

    Answer

    • Question 10

    0 out of 2 points

    In a limited partnership, the limited partners are treated like ________ by the law.

    Answer

    • Question 11

    0 out of 2 points

    In a joint venture, individuals join together in co-ownership for:

    Answer

    • Question 12

    2 out of 2 points

    Probably the most important feature of a partnership agreement is:

    Answer

    • Question 13

    2 out of 2 points

    The most common form of business ownership is the:

    Answer

    • Question 14

    2 out of 2 points

    ________ partners are not active in a business but generally are known to be members of the partnership.

    Answer

    • Question 15

    2 out of 2 points

    Acme Corporation is chartered in Delaware, but its primary area of operation is in South Carolina. In South Carolina, Acme would be considered a(n) ________ corporation.

    Answer

    • Question 16

    2 out of 2 points

    When buying a franchise, the potential franchisee should first:

    Answer

    • Question 17

    2 out of 2 points

    To protect investors from unscrupulous franchisers, the regulatory body is the:

    Answer

    • Question 18

    2 out of 2 points

    A significant advantage a franchisee has over the independent small business owner is participation in the franchiser's ________.

    Answer

    • Question 19

    2 out of 2 points

    Most franchise experts consider the most important factor in the success of a franchise to be:

    Answer

    • Question 20

    2 out of 2 points

    The ________ requires all franchisers to disclose detailed information on their operations at the first personal meeting or at least fourteen days before a franchise contract is signed or any money is paid.

    Answer

    • Question 21

    0 out of 2 points

    The FTC's philosophy focuses on:

    Answer

    • Question 22

    2 out of 2 points

    Franchise advertising programs:

    Answer

    • Question 23

    2 out of 2 points

    The most expensive franchises in terms of total investment are:

    Answer

    • Question 24

    2 out of 2 points

    ________ franchising involves the owner of an existing business becoming a franchisee to gain the advantage of name recognition.

    Answer

    • Question 25

    2 out of 2 points

    In franchising, ________ pay fees and royalties to a ________ in return for the right to sell its products or services under the franchiser's trade name and often to use its business format and system.

    Answer

    • Question 26

    2 out of 2 points

    There are two main risks in purchasing a franchise. First, that of the franchiser's experience and business system, and second:

    Answer

    • Question 27

    2 out of 2 points

    Another term for cobranding franchising is:

    Answer

    • Question 28

    2 out of 2 points

    The primary advantage of buying a franchise over starting your own company is:

    Answer

    • Question 29

    2 out of 2 points

    The payment the franchisee makes to the franchiser based on gross sales is:

    Answer

    • Question 30

    2 out of 2 points

    In view of the cause of most new business failures, probably the most valuable service provided franchisees by the franchiser is:

    Answer

    quiz 3

    The valuation approach that considers the value of goodwill is the:

    Answer

    • Question 2

    0 out of 2 points

    Which method of business valuation relies on three forecasts of future earnings–optimistic, pessimistic, and most likely?

    Answer

    • Question 3

    2 out of 2 points

    If the firm owns any trademarks, patents, or copyrights, or has built up a positive reputation with customers and suppliers, the business has what is/are called:

    Answer

    • Question 4

    2 out of 2 points

    When it comes to buying an existing business, it is not uncommon to find it:

    Answer

    • Question 5

    2 out of 2 points

    The biggest source for the best companies to buy is:

    Answer

    • Question 6

    2 out of 2 points

    The capitalized earnings approach determines the value of a business by capitalizing its expected profits using:

    Answer

    • Question 7

    2 out of 2 points

    The process of gathering information about the company, valuing the company, and performing a detailed review of all records, agreements, and compliance is called:

    Answer

    • Question 8

    2 out of 2 points

    Once an entrepreneur has evaluated him/herself, the next step in the acquisition process would be to:

    Answer

    • Question 9

    2 out of 2 points

    One advantage of buying an existing business is:

    Answer

    • Question 10

    2 out of 2 points

    When a buyer is reviewing a candidate company's lease arrangements, location and appearance, intangible assets, etc., he is answering what basic acquisition question?

    Answer

    • Question 11

    2 out of 2 points

    Which of the following is a way to smooth the transition of leadership/management from the seller of a business to the buyer?

    Answer

    • Question 12

    2 out of 2 points

    Which of the following is a criterion for a bulk transfer?

    Answer

    • Question 13

    2 out of 2 points

    The first step an entrepreneur should take when acquiring an existing business is to:

    Answer

    • Question 14

    2 out of 2 points

    Perhaps the ideal source of financing the purchase of an existing business is:

    Answer

    • Question 15

    2 out of 2 points

    Normally, when buying a business, the seller:

    Answer

    • Question 16

    2 out of 2 points

    A well-developed business plan provides the entrepreneur with a number of benefits, such as:

    Answer

    • Question 17

    2 out of 2 points

    The loan proposal portion of the business plan should include:

    Answer

    • Question 18

    2 out of 2 points

    A business plan:

    Answer

    • Question 19

    2 out of 2 points

    An explanation of how the product will be distributed is contained within the:

    Answer

    • Question 20

    2 out of 2 points

    A solid business plan is marked by a number of characteristics including:

    Answer

    • Question 21

    2 out of 2 points

    ________ are short-term, specific targets which are attainable, measurable, and controllable.

    Answer

    • Question 22

    2 out of 2 points

    Business plans need to pass three tests:

    Answer

    • Question 23

    2 out of 2 points

    The primary purpose of building a business plan is to:

    Answer

    • Question 24

    2 out of 2 points

    A ________ is what a customer gains from the product or service feature.

    Answer

    • Question 25

    2 out of 2 points

    The organization chart is described in which section of the business plan?

    Answer

    • Question 26

    2 out of 2 points

    When creating financial forecasts in a business plan for a proposed venture, an entrepreneur should:

    Answer

    • Question 27

    2 out of 2 points

    Your cash budget and an explanation of how much money you need to make your company and product a long-term success are the subject matter of the:

    Answer

    • Question 28

    2 out of 2 points

    A business plan performs a number of functions including:

    Answer

    • Question 29

    2 out of 2 points

    The ________ highlights significant financial and operational events in the company's life and should concentrate on the company's accomplishments.

    Answer

    • Question 30

    2 out of 2 points

    The ________ becomes the document that summarizes the analysis that has been done to justify a new business.

    Answer

    quiz 4

    • Question 1

    2 out of 2 points

    The primary opportunity for time compression management (TCM) lies in its application to:

    Answer

    • Question 2

    2 out of 2 points

    The majority of customers who stop patronizing a particular store do so because:

    Answer

    • Question 3

    2 out of 2 points

    Small businesses are able to maintain a leadership role in innovation by:

    Answer

    • Question 4

    2 out of 2 points

    One "natural" advantage small businesses have over large business, which can be a significant competitive advantage, is:

    Answer

    • Question 5

    2 out of 2 points

    ________ is the notion of drawing customers into a store by creating a kaleidoscope of sights, sounds, smells, and activities, all designed to entertain–and, of course, sell.

    Answer

    • Question 6

    2 out of 2 points

    One-to-one marketing is a marketing strategy that:

    Answer

    • Question 7

    2 out of 2 points

    Small businesses can compete with larger rivals with bigger budgets by employing unconventional, low-cost creative techniques known as:

    Answer

    • Question 8

    2 out of 2 points

    The Total Quality Management (TQM) concept:

    Answer

    • Question 9

    2 out of 2 points

    The cost of marketing a product is highest in the:

    Answer

    • Question 10

    2 out of 2 points

    To build an effective customer service program, it is important to:

    Answer

    • Question 11

    2 out of 2 points

    When it comes to gathering market research on customers, most small companies tend to be:

    Answer

    • Question 12

    0 out of 2 points

    Attracting a new customer costs ________ as much as keeping an existing one.

    Answer

    • Question 13

    2 out of 2 points

    Numerous surveys have concluded that the most important element of service is:

    Answer

    • Question 14

    2 out of 2 points

    Shifting patterns in the age, income, education, race, and other characteristics of the population are the subject of ________ and exert a potent force on a company's marketing plan.

    Answer

    • Question 15

    2 out of 2 points

    A company's competitive edge is:

    Answer

    • Question 16

    2 out of 2 points

    In a(n) ________ advertising program, a group of similar businesses forms a "syndicate" to produce "generic" ads that allow the individual businesses to dub in local information.

    Answer

    • Question 17

    2 out of 2 points

    Before making a sales call, the salesperson sets three objectives. Which one is not an objective?

    Answer

    • Question 18

    2 out of 2 points

    ________ is any sales presentation that is nonpersonal in nature and is paid for by an identified sponsor.

    Answer

    • Question 19

    2 out of 2 points

    The ________ method is the most difficult and least used technique of establishing an advertising budget.

    Answer

    • Question 20

    2 out of 2 points

    The choice of advertising medium is primarily determined by:

    Answer

    • Question 21

    2 out of 2 points

    A successful public relations technique used by local businesses to sponsor and promote fundraising activities of nonprofit groups is called:

    Answer

    • Question 22

    2 out of 2 points

    In reality, advertising:

    Answer

    • Question 23

    2 out of 2 points

    Effective ads are built on:

    Answer

    • Question 24

    2 out of 2 points

    The most meaningful unique selling proposition:

    Answer

    • Question 25

    0 out of 2 points

    Radio's power as an advertising medium comes from:

    Answer

    • Question 26

    2 out of 2 points

    The key to the success of direct mail advertising is:

    Answer

    • Question 27

    2 out of 2 points

    Which of the following media account for the greatest portion of advertising expenditures?

    Answer

    • Question 28

    2 out of 2 points

    A successful direct mail ad is characterized by:

    Answer

    • Question 29

    0 out of 2 points

    Newspaper advertising is characterized by:

    Answer

    • Question 30

    2 out of 2 points

    The ________ becomes the heart of a company's advertising message.

    Answer

    quiz 6

    • Question 1

    2 out of 2 points

    The most commonly used pricing technique for manufacturers is:

    Answer

    • Question 2

    2 out of 2 points

    Most service firms base their prices on:

    Answer

    • Question 3

    2 out of 2 points

    ________ costing includes only those costs that vary directly with the volume of an item produced.

    Answer

    • Question 4

    2 out of 2 points

    Price wars usually begin when:

    Answer

    • Question 5

    2 out of 2 points

    Small business owners get into trouble when determining their price floor when they:

    Answer

    • Question 6

    2 out of 2 points

    ________ is a technique in which a small firm marks down the price of a popular item below its normal price in an effort to increase customer traffic and to boost sales of other items.

    Answer

    • Question 7

    2 out of 2 points

    ________ tells what portion of the total revenues remains after covering variable costs to contribute toward meeting fixed expenses and earning a profit.

    Answer

    • Question 8

    2 out of 2 points

    The final price set by the entrepreneur for the products depends on:

    Answer

    • Question 9

    2 out of 2 points

    Even in the short run, a small business must set the price of a product at least equal to the ________ costs (per unit), or it must shut down.

    Answer


    • Question 2

    2 out of 2 points

    The majority of customers who stop patronizing a particular store do so because:

    Answer

    • Question 3

    2 out of 2 points

    Small businesses are able to maintain a leadership role in innovation by:

    Answer

    • Question 4

    2 out of 2 points

    One "natural" advantage small businesses have over large business, which can be a significant competitive advantage, is:

    Answer

    • Question 5

    2 out of 2 points

    ________ is the notion of drawing customers into a store by creating a kaleidoscope of sights, sounds, smells, and activities, all designed to entertain–and, of course, sell.

    Answer

    • Question 6

    2 out of 2 points

    One-to-one marketing is a marketing strategy that:

    Answer

    • Question 7

    2 out of 2 points

    Small businesses can compete with larger rivals with bigger budgets by employing unconventional, low-cost creative techniques known as:

    Answer

    • Question 8

    2 out of 2 points

    The Total Quality Management (TQM) concept:

    Answer

    • Question 9

    2 out of 2 points

    The cost of marketing a product is highest in the:

    Answer


    The "wait to go effective" is the time period when:

    Answer

    • Question 3

    2 out of 2 points

    ________ financing includes the personal investment of the owners and is often called "risk capital."

    Answer

    • Question 4

    2 ou

    2 out of 2 points

    Grants to small businesses, made to strengthen the local economy in cities and towns that are considered economically distressed, are made by:

    Answer

    • Question 10

    2 out of 2 points

    This program was started to encourage small businesses that wanted to expand their research and development efforts. It has made over 36,000 awards in excess of $10 billion.

    Answer

    • Question 11

    2 out of 2 points

    The most common type of commercial bank loan granted to small businesses is:

    Answer

    • Question 12

    2 out of 2 points

    When a small business is refused a loan because it is not profitable and deemed a poor credit risk, the owner can usually turn to ________ as a source of short-term funds.

    Answer

    • Question 13

    2 out of 2 points

    A ________ is an agreement with a bank that allows a small business to borrow up to a predetermined specified amount during the year without making an application each time.

    Answer

    • Question 14

    0 out of 2 points

    Factoring:

    Answer

    • Question 15

    2 out of 2 points

    The SBA's ________ program offers short-term capital to growing companies seeking to finance seasonal buildups in inventory or accounts receivable.

    Answer

    • Question 16

    2 out of 2 points

    When manufacturing large, bulky products, it is sometimes necessary to bring the materials to a specific spot and do the assembly in one place. This type of layout is know as a:

    Answer

    • Question 17

    2 out of 2 points

    Designing layouts ergonomically and seeking to automate product flows can result in:

    Answer

    • Question 18

    2 out of 2 points

    As the service economy has grown, a business location being used more and more by service businesses is:

    Answer

    • Question 19

    2 out of 2 points

    The value of the floor space in a retail store depends upon:

    Answer

    • Question 20

    2 out of 2 points

    A central business district is:

    Answer

    • Question 21

    2 out of 2 points

    The starting point for designing a layout is:

    Answer

    • Question 22

    0 out of 2 points

    TIGER:

    Answer

    • Question 23

    2 out of 2 points

    A(n) ________ layout divides a store into a series of individual shopping areas, each with its own theme. This layout can create a distinctive image for a business.

    Answer

    • Question 24

    2 out of 2 points

    The Americans with Disabilities Act of 1990 requires that:

    Answer

    • Question 25

    2 out of 2 points

    Originally created to encourage companies to locate in economically depressed areas, ________ offer tax breaks and federal tax breaks for hiring workers living in the immediate area.

    Answer

    • Question 26

    0 out of 2 points

    A(n) ________ layout arranges displays in a rectangular fashion with parallel aisle. It is a formal layout that controls the traffic flow through the store.

    Answer

    • Question 27

    2 out of 2 points

    The ________ of products and materials, their ________ of transportation, and their ________ functions all interact in determining how close a business needs to be to its sources of supply.

    Answer

    • Question 28

    2 out of 2 points

    The ________ serves a large trading area (10 to 15 miles or more), contains from 50 to 100 stores, and has several major department stores as its anchors.

    Answer

    • Question 29

    0 out of 2 points

    ________ is a publication that provides important data to aid entrepreneurs in their search for the best location.

    Answer

    • Question 30

    2 out of 2 points

    A Geographic Information System (GIS):

    Answer

    quiz 10

    · uestion 1

    2 out of 2 points

    When employees can set their own work hours within certain guidelines, they are involved in:

    Answer

    · Question 2

    2 out of 2 points

    ________ involves cross-training employees so they can move from one job in the company to others, giving them a greater number and variety of tasks to perform.

    Answer

    · Question 3

    2 out of 2 points

    If a business owner goes to self-directed work teams, he/she is most likely using the ________ style of management.

    Answer

    · Question 4

    2 out of 2 points

    Open book management is one technique that supports:

    Answer

    · Question 5

    2 out of 2 points

    Kim, the human resources manager, is conducting an orderly and systematic evaluation of all the facts about a new position in order to determine what kind of employee to hire and how to compensate the position. This is called a:

    Answer

    · Question 6

    2 out of 2 points

    The grapevine in most organizations is:

    Answer

    · Question 7

    2 out of 2 points

    The implementation of teams fails sometimes because:

    Answer

    · Question 8

    2 out of 2 points

    Effective leaders are noted for their:

    Answer

    · Question 9

    0 out of 2 points

    A job specification:

    Answer

    · Question 10

    2 out of 2 points

    When it comes to enforcing employment laws and the job interviewing process, the EEOC:

    Answer

    · Question 11

    2 out of 2 points

    When checking references, the small business owner:

    Answer

    · Question 12

    2 out of 2 points

    A motivational tool that also helps to guide performance and lets the owner know that his/her company is accomplishing its operational goals is:

    Answer

    · Question 13

    2 out of 2 points

    Sometimes effective communication is blocked between leaders and followers by:

    Answer

    · Question 14

    2 out of 2 points

    If a company is to succeed, a leader must perform four vital tasks which include:

    Answer

    · Question 15

    2 out of 2 points

    A ________ outlines the duties and responsibilities associated with a job and the working conditions involved.

    Answer

    · Question 16

    2 out of 2 points

    When a business owner purchases protection for losses occurring when a contract is not completed on time or is performed incorrectly, it is buying ________ insurance.

    Answer

    · Question 17

    2 out of 2 points

    ________ insurance is protection from loss, theft, or destruction applied to vehicles, buildings, etc. It can be written with a broad coverage or to cover a specific item or items.

    Answer

    · Question 18

    2 out of 2 points

    When a risk is evaluated in terms of how much it could affect a company's ability to operate, the risk is being assessed in terms of:

    Answer

    · Question 19

    2 out of 2 points

    In an, ________ managers and/or employees borrow money from a financial institution and pay the owner the total agreed-upon price at closing; then they use the cash generated from the company's operations to pay off the debt.

    Answer

    · Question 20

    2 out of 2 points

    A small business that puts aside a specific amount of money into a special fund each month to cover the cost of replacing its highly specialized manufacturing equipment is using a risk ________ strategy.

    Answer

    · Question 21

    2 out of 2 points

    In ________ of the management succession process, the successor's real decision-making power grows rapidly. The final assessment of the individual's abilities is determined.

    Answer

    · Question 22

    2 out of 2 points

    A formal mentoring program should be established in ________, using both internal and external people. As the successor develops his/her skills and performance, he/she will transition to the next stage.

    Answer

    · Question 23

    2 out of 2 points

    A small business that buys a fire insurance policy on the equipment in its corrugated box factory is relying on a risk ________ strategy.

    Answer

    · Question 24

    2 out of 2 points

    What are the exit strategies available to entrepreneurs when it is time to step down?

    Answer

    · Question 25

    2 out of 2 points

    Life insurance differs from all other types of insurance in that:

    Answer

    · Question 26

    2 out of 2 points

    A ________ is a special type of irrevocable trust and has become one of the most popular tools for entrepreneurs to transfer ownership of a business while maintaining control over it and minimizing estate taxes.

    Answer

    · Question 27

    2 out of 2 points

    The most common and popular estate planning tool for small business owners is the:

    Answer

    · Question 28

    2 out of 2 points

    In a grantor-retained annuity trust:

    Answer

    · Question 29

    2 out of 2 points

    While it is an essential quality for a successful family business, this quality is the one that cannot be imposed or forced. If family members refuse to embrace it, they can still be part of the business.

    Answer

    · Question 30

    2 out of 2 points

    ________ offer liability coverage that protects against losses resulting from injuries, damage, or theft involving the use of company vehicles.

    Answer

    quiz 9

    · Question 1

    2 out of 2 points

    The heart of TQM is:

    Answer

    · Question 2

    2 out of 2 points

    The implementation of TQM can not succeed unless:

    Answer

    · Question 3

    2 out of 2 points

    When shopping for a vendor, a small business owner should seek:

    Answer

    · Question 4

    2 out of 2 points

    The reorder point model requires that the small business owner know:

    Answer

    · Question 5

    2 out of 2 points

    The small business gains what advantage by selling on consignment?

    Answer

    · Question 6

    2 out of 2 points

    A key element to Deming's 14 Points is:

    Answer

    · Question 7

    2 out of 2 points

    Total Quality Management (TQM):

    Answer

    · Question 8

    2 out of 2 points

    The primary objective of the purchasing function is to:

    Answer

    · Question 9

    2 out of 2 points

    Small business people need to remember that:

    Answer

    · Question 10

    2 out of 2 points

    Holding or carrying costs include the costs of:

    Answer

    · Question 11

    2 out of 2 points

    A danger of an excessive investment in inventory for the small business is:

    Answer

    · Question 12

    2 out of 2 points

    Many small businesses build a(n) ________, or cushion, into their inventories in case demand runs ahead of the anticipated usage rate.

    Answer

    · Question 13

    2 out of 2 points

    The basic reorder point model assumes that:

    Answer

    · Question 14

    2 out of 2 points

    "F.O.B. seller" means that:

    Answer

    · Question 15

    2 out of 2 points

    ________ is the right to ownership of property and, for a small business owner, determines who has responsibility for ownership.

    Answer

    · Question 16

    2 out of 2 points

    Store owners and employees may apprehend and charge a shoplifter:

    Answer

    · Question 17

    2 out of 2 points

    A physical inventory count should be taken at least:

    Answer

    · Question 18

    2 out of 2 points

    Combining ________ with a POS system gives a small business owner a state-of-the-art checkout system and further extends the abilities of the POS system in the information it provides the owner.

    Answer

    · Question 19

    2 out of 2 points

    A form of inventory management used in manufacturing that stresses a harmonious relationship with suppliers is:

    Answer

    · Question 20

    2 out of 2 points

    A retail version of Just-In-Time inventory control is called:

    Answer

    · Question 21

    2 out of 2 points

    The inventory turnover ratio is computed by:

    Answer

    · Question 22

    2 out of 2 points

    "C" items, in an ABC analysis:

    Answer

    · Question 23

    2 out of 2 points

    A firm's ________ expresses the number of times per year the business sells all of its inventory.

    Answer

    · Question 24

    2 out of 2 points

    The most common method of controlling inventory in a small business is the ________ system.

    Answer

    · Question 25

    2 out of 2 points

    "Just-In-Time" inventory control techniques are most successful in what type of environment?

    Answer

    · Question 26

    2 out of 2 points

    ________ system enables business owners to track their inventories and to place orders with vendors quickly and with few errors by linking them to their vendors electronically.

    Answer

    · Question 27

    2 out of 2 points

    Effective management of inventory begins with:

    Answer

    · Question 28

    2 out of 2 points

    Employers can reduce employee theft through:

    Answer

    · Question 29

    2 out of 2 points

    For most retailers and wholesalers, the investment in ________ is the largest capital outlay next to payroll.

    Answer

    · Question 30

    2 out of 2 points

    The purpose of ABC inventory analysis is:

    Answer
















    Select a small business that you visit often (e.g., coffee shop, bookstore, sporting goods store, etc.). Write a 6-8 page paper in which you:

    1. Craft a brief (1-2 pages) strategy for a business concept that would directly compete with the small business you selected. Explain the rationale for the strategy in detail.
    2. Determine if it would make more sense to open the new business you describe or to purchase the existing business you selected. Explain your reasoning.
    3. Discuss the most appropriate form of ownership for your new business (assuming your current financial situation).
    4. Outline a business plan for your business. Visit for tools and templates.
    5. Include at least two (2) references outside the textbook.

    Your assignment must follow these formatting requirements:

    • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
    • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

    The specific course learning outcomes associated with this assignment are:

    • Analyze the nature of entrepreneurship, business ethics, and social responsibility in managing a successful small business.
    • Analyze a business strategy and supporting business plan for a small business concept
    • Describe and analyze the necessary activities and key decisions to start a small business.
    • Use technology and information resources to research issues in small business management.
    • Write clearly and concisely about small business management using proper writing mechanics.

    Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills.










    Referring to the same business you either started or purchased in the first assignment, write a 6-8 page paper in which you:

    1. Outline a financial plan for yoursmall business.

    2. Develop a guerrilla marketing strategy for your small business.

    3. Discuss the most appropriate location for a second store (an actual street address). Explain your

    reasoning.

    4. Outline a plan for securing sources of debt financing for your second store.

    5. Include at least two (2) references outside the textbook.

    Your assignment must follow these formatting requirements:

    ? Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all

    sides; references must follow APA or school-specific format. Check with your professor for any

    additional instructions.

    ? Include a cover page containing the title of the assignment, the student’s name, the professor’s

    name, the course title, and the date. The cover page and the reference page are not included in

    the required page length.

    The specific course learning outcomes associated with this assignment are:

    ? Describe and analyze the necessary activities and key decisions to start a small business.

    ? Analyze the key financial management considerations in operating a small business.

    ? Develop a guerrilla marketing strategy for a small business.

    ? Analyze the role of pricing, credit, and equity financing in defining a business strategy.

    ? Use technology and information resources to research issues in small business management.

    ? Write clearly and concisely about small business management using proper writing mechanics.

    Grading for this assignment will be based on answer quality, logic/organization of the paper, and

    language and writing skills, using the following rubric.


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