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.   venture capital company.
B.   microloan company.
C.   joint venture.
D.   business incubator.
Question #2
The Small Business Administration (SBA) provides all of the following EXCEPT _____.
A.   loans for natural disaster recovery
B.   loan guarantees
C.   information and advice through toll-free telephone numbers
D.   business incubators
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.   Center for Women’s Business Research
D.   Limited-liability corporation
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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