Business Administration Exam
questions and answers graded A+
The Small Business Administration is the government agency charged with owning small businesses.
- ANS✅✅FALSE
Small businesses produce more patents per employee than large patenting firms. - ANS✅✅TRUE
Most businesses in the United States are large businesses with more than 500 employees. -
ANS✅✅FALSE
Major innovations are most likely to come from large corporations. - ANS✅✅FALSE
Manufacturing is overwhelmingly handled by big business. - ANS✅✅TRUE
People who assume the risk of business ownership with a primary goal of growth and expansion are
called entrepreneurs. - ANS✅✅TRUE
Most successful entrepreneurs have a strong desire to be their own bosses - ANS✅✅TRUE
A business plan demonstrates how an entrepreneur's business strategy will be implemented. -
ANS✅✅TRUE
Franchisees may be obligated to contribute a percentage of sales to parent corporations. -
ANS✅✅TRUE
Loans are the most important sources of money for new businesses. - ANS✅✅FALSE
Lending institutions are more likely to help finance the purchase of an existing business rather than
the start-up of a business from scratch. - ANS✅✅TRUE
A group of small investors who invest money in companies in return for partial ownership is known
as a small-business development company. - ANS✅✅FALSE
questions and answers graded A+
The Small Business Administration is the government agency charged with owning small businesses.
- ANS✅✅FALSE
Small businesses produce more patents per employee than large patenting firms. - ANS✅✅TRUE
Most businesses in the United States are large businesses with more than 500 employees. -
ANS✅✅FALSE
Major innovations are most likely to come from large corporations. - ANS✅✅FALSE
Manufacturing is overwhelmingly handled by big business. - ANS✅✅TRUE
People who assume the risk of business ownership with a primary goal of growth and expansion are
called entrepreneurs. - ANS✅✅TRUE
Most successful entrepreneurs have a strong desire to be their own bosses - ANS✅✅TRUE
A business plan demonstrates how an entrepreneur's business strategy will be implemented. -
ANS✅✅TRUE
Franchisees may be obligated to contribute a percentage of sales to parent corporations. -
ANS✅✅TRUE
Loans are the most important sources of money for new businesses. - ANS✅✅FALSE
Lending institutions are more likely to help finance the purchase of an existing business rather than
the start-up of a business from scratch. - ANS✅✅TRUE
A group of small investors who invest money in companies in return for partial ownership is known
as a small-business development company. - ANS✅✅FALSE
