BUSAD 101 - Introduction to Business » Fall 2020 » Chapter 5 Quiz

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Question #1
Maria is the owner of a very small technology start-up. She shares clerical staff, computers, and other business services with other small business owners. Maria is part of a:
A.   microloan company.
B.   venture capital company.
C.   business incubator.
D.   joint venture.
Question #2
The Small Business Administration (SBA) provides all of the following EXCEPT _____.
A.   information and advice through toll-free telephone numbers
B.   loan guarantees
C.   business incubators
D.   loans for natural disaster recovery
Question #3
Martha requires funding for a shopping portal that she launched recently. She wants to secure a government procurement contract to ensure adequate funding. Which of the following organizations can help Martha avail the contract?
A.   Small Business Administration
B.   International Franchise Association
C.   Limited-liability corporation
D.   Center for Women’s Business Research
Question #4
Direct Small Business Administration (SBA) loans are available in only a few special situations, such as natural disaster recovery and energy conservation.
A.   FALSE
B.   TRUE
Question #5
Larger firms prove more successful than smaller firms in offering innovative products to consumers.
A.   FALSE
B.   TRUE
Question #6
20th century innovations developed by small businesses include the personal computer and the zipper.
A.   FALSE
B.   TRUE
Question #7
More than half of all small businesses fail within the first year.
A.   FALSE
B.   TRUE

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