BE Obj. 2.04-05 Practice Questions

BE Obj. 2.04-05 Practice Questions

Assessment

Flashcard

Business

11th Grade

Hard

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32 questions

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1.

FLASHCARD QUESTION

Front

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

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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