Question

1.) What is the role of shareholders in a corporation?

A.To invest money in the business
B.To directly oversee daily operations
C.To hire and fire employees
D.All of the above

2.)What percentage of businesses in America are home businesses?

A.10 percent
B.33 percent
C.52 percent
D.67 percent

3.)All the following are economic indicators EXCEPT

A.Income Taxes
B. The GDP
C.Retail sales
D.The stock market

4.)If a similar business exists, a person should not consider creating one.

A.True
B.False

5.)By definition, a small business

A.Has only one location
B.Has only one employee
C.Must have at least three employees
D.Has fewer then 500 employees

6.)Which of the following describes a non-employee business?

A.an architect who has only a part-time assistant
B.a small ice cream shop where only one person works at a time
C.a person who works from home for a larger company
D.a manicurist who works from her home or at clients’ houses

8.)If you are someone who performs services at other people’s homes, you cannot have a small business.

A.True
B.False

9.)If you have identified a risk, you have

A.figured out how to eliminate it.
B.recognized that it exists.
C.publicly announced it is a problem.
D.decided not to reveal it.

11.)Which of the following types of business does not require an attorney to set up?

A.sole proprietorship
B.partnership
C.corporation
D.LLC

13.)Large corporations are more likely to create new jobs than small businesses.

A.True
B.False

Answer 1

1/To invest money in the business i. e (A)

2/(C)

3/Retail sales (C)

4/(B) False.

5/(D)

6/(A)

7/(B)

8/(A)

9/(A)

10/True