$9.$ In general partnerships:

$($A$)$ You have limited liability.

$($B$)$ You and your partners can be liable if mistakes are made.

$($C$)$ You cannot be sued for personal assets.

$($D$)$ You hold partners harmless if mistakes are made.

$10.$ When start$-$ups don't have enough funds to operate, this is known as:

$($A$)$ Management inexperience.

$($B$)$ Cash flow issues.

$($C$)$ Bad ideas.

$($D$)$ All of the above.

$11.$ The riskiest form of starting a new business is:

$($A$)$ Starting from scratch.

$($B$)$ Franchising.

$($C$)$ Purchasing an existing business.

$($D$)$ Licensing.

$12.$ Reducing costs per unit by increasing the total number of units produced is called:

$($A$)$ Mass production.

$($B$)$ Lean production methods.

$($C$)$ Agile management.

$($D$)$ Economies of scale.

$13.$ The skills you need to arrive at creative solutions to complex or ambiguous problems are:

$($A$)$ Interpersonal skills.

$($B$)$ Conceptual skills.

$($C$)$ Technical skills.

$($D$)$ Time$-$management skills.

$14.$ The manufacturer arranges for materials to arrive at production facilities at precisely the right time to enter the manufacturing process. What is this called?

$($A$)$ Gantt.

$($B$)$ MRP$.$

$($C$)$ PERT.

$($D$)$ JIT.

$15.$ Which of the following identifies how value is added throughout the creation of the final good or service produced, and how operational activities costs represent a proportion of the final sale price of the good or service?

$($A$)$ Marketing chain.

$($B$)$ Inbound chain.

$($C$)$ Supply chain.

$($D$)$ Value chain.

$16.$ The process of entrusting work to subordinates is:

$($A$)$ Consideration.

$($B$)$ Implementation.

$($C$)$ Centralization.

$($D$)$Delegation$.$