Please just highlight in bold the correct answer under each question no need for explanation

Question 1

Man-made disasters can be defined as the:

destructive effects felt by a company when it is found out that a company has done something not in accord with good business practices.

unfortunate investments made in floundering firms in the hope that they will turn around.

adverse results caused by sudden decisions to hand over a business to a family member.

devastating events caused directly and principally by one or more identifiable deliberate or negligent human actions.

struggle for making money and controlling a debt-ridden business. Question 2 Which of the following is NOT one of the four key facts about disaster planning?

Disasters will occur.

An owner must have a plan before the disaster occurs.

Every situation must be treated similarly, regardless of their complexity.

React with urgency but do not panic.

Ride it out. Question 3 Which of the following recommendations for disaster planning fall under the area of planning to stay in business?

Involve coworkers

Crisis communication

Employee health

Insurance coverage

Continuity planning Question 4 Which of the following recommendations for disaster planning fall under the area of talking to employees?

Employee health

Cybersecurity of employees

Being informed

Insurance coverage

Protecting employee investment Question 5 Which of the following areas of disaster planning includes ensuring employee health?

Continuity planning

Protecting employee investment

Planning to stay in business

Talking to employees

Being informed about possible risks Question 6 Which of the following areas of disaster planning includes securing facilities, buildings, and plants?

Continuity planning

Protecting organizational investment

Planning to stay in business

Involving coworkers

Being informed about possible risks Question 7 The Internal Revenue Service (IRS) provides:

confidential business counseling services at no charge.

appropriate liquidation facilities when a business is failing, has no future, and has no substantial assets.

disaster assistance and emergency relief for businesses through special tax law provisions.

education to entrepreneurs and helps small businesses start, grow, and succeed nationwide.

assistance in transference of leadership from one generation to the next to ensure continuity of family ownership of the business. Question 8 Founder's dilemma refers to the choice between:

making money or controlling and running a business.

paying money to the creditors or the partners of a business.

maintaining a small business or closing it with all debts paid.

retaining a business or passing it to the next generation.

investing or not investing in floundering firms. Question 9 The amount of money invested in a firm is known as:

attribution.

base stabilization.

equity.

liquidation.

goodwill. Question 10 Which of the following defines goodwill?

The transference of leadership from one generation to the next to ensure continuity of family ownership of the business

Nonprofit associations dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide

An insurance that protects a business in the event of a natural disaster that affects the ability of a company to conduct business

An intangible asset that reflects the value of intangible assets

The closing of a small business with all debts paid Question 11 The negative effect felt by a company when it is found out that the company has gone through poor business practices is the definition of:

bankruptcy.

founder's dilemma.

walkaway.

liquidation.

badwill. Question 12 Decreased revenue; the loss of clients, customers, and suppliers; the loss of market share; the loss of credit; federal or state indictments for crimes committed, and censure by the community reinforces an organization's:

SCORE.

Six sigma levels.

badwill.

Deming cycles.

liquidation.

Question 13 After the creditors, who amongst the following are given priority of being repaid next during a firm's liquidation?

Partners

Shareholders

Owners

Allies

Customers Question 14 Which of the following occurs in an ideal walkaway situation?

All bills are paid off or scheduled.

Taxes are not completely paid.

Contracts, leases, and the like are continued.

Employees are retained.

Assets or inventory keep functioning. Question 15 In an ideal walkaway situation:

taxes are not completely paid.

contracts, leases, and the like are continued.

employees are retained.

assets or inventory keep functioning.

customers are placed so that they get needed goods or services. Question 16 Which of the following is true about liquidations?

No negotiations are involved.

Worries about the transfer of control linger.

Client lists are retained with an opportunity to recover their value.

Assets or inventory keep functioning.

Employees are retained. Question 17 Succession refers to the:

nonprofit associations dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide.

transference of leadership from one generation to the next to ensure continuity of family ownership of the business.

buying of one business by another business.

process through which venture capitalists invest in floundering firms in the hope that they will turn around.

closing of a small business with all debts paid. Question 18 Which of the following is relevant to make a succession successful?

Liquidating the business

Sale of a business's assets

Closing of the business with all debts paid

Good interpersonal relationships

Venture capitalists investing in the business Question 19 Bankruptcy refers to the:

negative effect felt by a company when it is found out that a company has done something not in accord with good business practices.

extreme form of business termination that uses a legal method for closing a business and paying off creditors when a business is failing and the debts are substantially greater than the assets.

process through which venture capitalists invest in floundering firms in the hope that they will turn around.

choice between making money or controlling and running a business.

sudden decision to hand over a debt-ridden business to a family member. Question 20 Initial public offering (IPO) is the:

insurance that protects a business in the event of a natural disaster that affects the ability of a company to conduct business.

transference of leadership from one generation to the next to ensure continuity of family ownership of the business.

first sale of stock by a formerly private company.

nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide.

intangible asset that reflects the value of intangible assets. Question 21 When one business buys another business, it is called:

a friendly buyout.

an obtainment.

a succession.

a merger.

an acquisition. Question 22 Which of the following defines work-owned cooperative?

Interested employees who become members of a cooperative that buys the business

The transfer of ownership of a cooperative to family members, customers, employees, children, or friends

A nonprofit association dedicated to educating cooperatives and helping their small businesses start, grow, and succeed nationwide

A stock offering in which the owner or owners of equity of a cooperative have their holdings transferred into issues tradable in public markets

The transference of leadership from one generation to the next to ensure continuity of family ownership of the cooperative