Question $1$

$2$

Points

Small businesses have traditionally added $\_\_\_\_$ new jobs to the economy.

more than their proportional share of

less than their proportional share of

very few

the highest paying

the vast majority of

Question $2$

$2$

Points

The techniques of brainstorming and "Blast! Then Refine" would be helpful to use during which step in the managerial decision$-$making process?

Generating alternatives

Implementing the solution

Evaluating the outcome

Selecting an alternative

Identifying the problem or opportunity

Question $3$

$2$

Points

Society usually does not benefit from entrepreneurs who pursue their individual goals; it is only the entrepreneurs who reap the benefits of their own work and creativity.

True

False

Question $4$

$2$

Points

The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximize the wealth of any shareholders. This entity is organized as a$($n$)$

cooperative.

quasi$-$government corporation.

S$-$corporation.

not$-$for$-$profit corporation.

closed corporation.

Question $5$

$2$

Points

When a manager identifies an opportunity, he or she generates alternatives to pursue the opportunity, selects one of them, implements it$,$ and then evaluates the results. This manager is acting out the $\_\_\_\_$ process.

alternative$-$generating

control

managing

decision$-$making

formal leadership

Question $6$

$2$

Points

Karen is in charge of ensuring that the processes at her bank run smoothly so that the business will be able to provide its services efficiently and effectively. Karen is a$($n$)\_\_\_\_$ manager.

marketing

administrative

human resources

operations

financial

Question $7$

$2$

Points

At Silver Paper's company meeting in August, the owner states that the company will increase its sales of Christmas cards by $50$ percent over last year's sales. This statement is called a$($n$)$

goal.

mission.

strategy.

objective.

tactical plan.

Question $8$

$2$

Points

Economically, the U$.$S$.$ government is not concerned with whether or not small businesses make it$.$

True

False

Question $9$

$2$

Points

Zach notices that sales of the company's best products are declining. He gathers together his sales staff to generate solutions to the decline in sales. He encourages all the participants to generate as many new ideas as possible and forbids anyone from criticizing or ridiculing the ideas of others. Zach is using

Blast! Then Refine.

trial and error.

generation.

group think.

brainstorming.

Question $10$

$2$

Points

Norma always knew she wanted to start her own business. She was very passionate and wanted to create something new. Norma's primary motivation for starting her own business is

her need for independence.

her entrepreneurial spirit.

her desire to determine her own destiny.

the lack of good jobs in other companies.

her background with her family.