Which factor is a barrier to small-business and entrepreneurial success? Options: poor management, no vision for expansion, having a clear strategic vision, having a surplus of employees

BE Obj. 2.04-05 Practice Questions

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Business
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11th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
poor management
2.
FLASHCARD QUESTION
Front
A small business is defined as a business employing fewer than how many people? Options: 500, 750, 1,000, 1,500
Back
500
3.
FLASHCARD QUESTION
Front
What is the name for markets with only a few sellers, such as the markets for automobiles, pharmaceuticals, or oil?
Back
oligopolies
4.
FLASHCARD QUESTION
Front
Competition helps create a healthy society by:
Back
creating new jobs.
5.
FLASHCARD QUESTION
Front
A business decides against opening a store in the next town because its research shows the location will be unprofitable. What form of risk management is this?
Back
avoidance
6.
FLASHCARD QUESTION
Front
In 1890, Congress passed a law that prevents monopolies from forming and hinders price fixing. What law is this?
Back
Sherman Antitrust Act
7.
FLASHCARD QUESTION
Front
R & R Real Estate company buys errors and omissions liability insurance. What form of risk management is this?
Back
transfer
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