Small Business Management Exam
3 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
"To get out the vote" is an example of what type on mission statement? - CORRECT ANSWER
social values statement
The mission statement of your business should contain all of the following elements except the -
CORRECT ANSWER should contain the
purpose of the organization
The business of the organization
The values of the organization
Maureen, a talented painter, started a business making handmade furniture with customized designs
painted on each piece. Because she knows nothing about marketing, you'd advise her to - CORRECT
ANSWER hire someone strong in that field
Consider the mission statement "to make the world a bright clean place by making our products a
household name worldwide." This statement is an example of a/an __________ mission statement -
CORRECT ANSWER grand scale
"To make a profit while benefiting humanity" is an example of a mission statement that - CORRECT
ANSWER incorporates values
One of the goals you have set for your company is "to expand our product line." this statement is -
CORRECT ANSWER not clear and not measurable
Which of the following is an example of a grand scale mission statement? - CORRECT ANSWER
to bring the world into the jet age
As little as ___________ percent of privately owned businesses ever move from the start up stage to
the success stage. - CORRECT ANSWER 25
3 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
"To get out the vote" is an example of what type on mission statement? - CORRECT ANSWER
social values statement
The mission statement of your business should contain all of the following elements except the -
CORRECT ANSWER should contain the
purpose of the organization
The business of the organization
The values of the organization
Maureen, a talented painter, started a business making handmade furniture with customized designs
painted on each piece. Because she knows nothing about marketing, you'd advise her to - CORRECT
ANSWER hire someone strong in that field
Consider the mission statement "to make the world a bright clean place by making our products a
household name worldwide." This statement is an example of a/an __________ mission statement -
CORRECT ANSWER grand scale
"To make a profit while benefiting humanity" is an example of a mission statement that - CORRECT
ANSWER incorporates values
One of the goals you have set for your company is "to expand our product line." this statement is -
CORRECT ANSWER not clear and not measurable
Which of the following is an example of a grand scale mission statement? - CORRECT ANSWER
to bring the world into the jet age
As little as ___________ percent of privately owned businesses ever move from the start up stage to
the success stage. - CORRECT ANSWER 25
