Question $41$

$2$

Points

The acronym SCORE stands for

Standard Card Options for Retirees.

Sam's Cooperatives Operating in Reno.

Service Corps of Retired Employees.

Service Corps of Retired Executives.

Sonoma City Options for Retired Employees.

Question $42$

$2$

Points

What is a disadvantage associated with the participative style of leadership?

It does not give employees the opportunity to express their views.

The decision$-$making process is time$-$consuming.

Employees are usually unmotivated to carry out decisions.

The communication is always from top to bottom.

There is very limited structure involved.

Question $43$

$2$

Points

Jessie's business sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina. This is an example of a $\_\_\_\_$ business.

service

communication

production

distribution

wholesaling

Question $44$

$2$

Points

Which of the following would least likely to be considered a threat to an organization?

A newly implemented law

Competitor$$s actions

Newly developed technology

Economic changes

Human resources of an organization

Question $45$

$2$

Points

Grouping resources and activities to efficiently and effectively accomplish a result is called

planning.

organizing.

directing.

controlling.

goal setting.

Question $46$

$2$

Points

The average life for an SBA$-$guaranteed business loan is $\_\_\_\_$ years.

twenty$-$five

eighteen

fifteen

twelve

eight

Question $47$

$2$

Points

What is a common mistake that small$-$business owners make when their businesses begin growing?

They sell more goods and services.

They put too much money in advertising.

They move beyond their local area.

They overexpand without proper planning.

They invest too much of their own money.

Question $48$

$2$

Points

Foreign competition, poor financial performance, and more demanding customers have encouraged businesses to place more emphasis on quality.

True

False

Question $49$

$2$

Points

The primary functions a manager performs include planning, solving problems, leading and motivating, and controlling.

True

False

Question $50$

$2$

Points

Some advantages of the sole proprietorship also apply to the small business.

True

False