Small Business Management

Business

Quiz 1 :
Small Business: an Overview

Quiz 1 :
Small Business: an Overview

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What percentage of net new jobs do small businesses create annually?
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Answer:

C

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The number of people who make small business their primary occupation is which of the following?
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Answer:

C

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Ronald Meese is the owner and operator of Meese Mining. To be considered a small business for crediting purposes, what is the maximum number of employees that Ronald can employ?
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Answer:

D

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Industry classification codes that are based on annual sales revenue or number of employers are abbreviated as ______.
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The industry that employs the greatest number of people in small business is which of the following?
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What percentage of businesses in the service sector are small?
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William Smith works for an automobile company that generates an annual revenue exceeding $200 million, but accounts for less than one percent of the global automobile market. Based on this information, the company that William works for would be considered a ______.
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Although Small Business Administration (SBA) standards allow up to 500 employees in some types of businesses, the most common limit is ______.
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Until the early 1800s, most goods were produced ______.
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The term economy of scale refers to which of the following?
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The marketing concept was a paradigm shift that involved ______.
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What startup business of the 1960s used flatter organizational structure, improved customer service, and more flexibility to knock Sears out of its role of world's largest retailer?
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Why has the number of students studying entrepreneurship increased so dramatically since the early 1970s?
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What is the annual revenue currently generated by Hispanic-owned businesses?
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SBA 8(a) certification provides preference in bidding on federal and state contracts to ______.
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Since 2002, the share of women owning their own business increased by what percent?
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John Deere relies on hundreds of vendors to produce component parts for its farm equipment. This illustrates which secret of small business success?
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The chemical producer, Hoechst Celanese, found that diversity in the work force was particularly beneficial in which area?
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Small businesses are more able than big businesses to perform efficiently in which of the following areas?
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Which of the following are the inherent factors that work in favor of small businesses?
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