SMALL BUSINESS MANAGEMENT FINAL
UPDATED EXAM 2025 COMPLETE
MULTIPLE CHOICE QUESTION BANK
WITH VERIFIED ANSWERS DETAILED
EXPLANATIONS AND 100% PASS
GUARANTEE PASS (ORIGINAL COPY!!!!!!!)
Women-owned businesses tend to be: - THE CORRECT ANSWER-
significantly smaller than men's
According to the US small Business Administration, small
enterprises hire 83 percent of all high-tech employees. - THE
CORRECT ANSWER-false
A microbusiness that permits the owner to follow a desired
pattern of living refers to which of these - THE CORRECT ANSWER-
Lifestyle business
Small firms represent about___________ percent of all US
exporters - THE CORRECT ANSWER-97
An economically attractive and timely opportunity that creates
value for interested buyers and end users refers to
entrepreneurial opportunity. - THE CORRECT ANSWER-True
,All of the following are entrepreneurial qualities EXCEPT: - THE
CORRECT ANSWER-domineering
A change in how we fundamentally see a situation is called a-- -
THE CORRECT ANSWER-Paradigm shift
A specific group of customers with an identifiable but narrow
range of product or service interests refers to: - THE CORRECT
ANSWER-niche market
According to Gerber, all of the following are personalities that
come into play when you are starting a business EXCEPT: - THE
CORRECT ANSWER-Administrative Personality
A knowledgeable person who can offer guidance based in a
given field is called a(n)-- - THE CORRECT ANSWER-mentor
When ABC International engages in the unethical practice of
concealing business income, it is called skimming - THE CORRECT
ANSWER-true
The internet has made it easier for people to steal the creations
and ideas of others, including literary works, artistic products,
and music. These creations are collectively known as
trademarks. - THE CORRECT ANSWER-False
Which of these refers to a company's ethical obligations to the
community? - THE CORRECT ANSWER-Social responsibility
, Ethical ______ holds the philosophy "When in Rome, do as
the Romans do." - THE CORRECT ANSWER-relativism
According to Blanchard and Peale, an organization's ethical
policy should be based on all of these EXCEPT: - THE CORRECT
ANSWER-pattern
Which of these represent the second step in the ethical decision
making process? - THE CORRECT ANSWER-Identify alternative
solutions
A profitable company that responds to customers' needs while
showing reasonable concern for the environment is called a(n) -
THE CORRECT ANSWER-sustainable small business
________ refers to a general sense of honesty and reliability
that is expressed in a strong commitment to doing the right
thing, regardless of the circumstances. - THE CORRECT ANSWER-
Integrity
"Three big" stakeholders for organizations are employees,
customers, and competitors. - THE CORRECT ANSWER-False.
"Be a good corporate citizen, and give back" represents which
type of responsibility? - THE CORRECT ANSWER-Discretionary
The notion of intergrity and ethics are closely tied - THE CORRECT
ANSWER-True
UPDATED EXAM 2025 COMPLETE
MULTIPLE CHOICE QUESTION BANK
WITH VERIFIED ANSWERS DETAILED
EXPLANATIONS AND 100% PASS
GUARANTEE PASS (ORIGINAL COPY!!!!!!!)
Women-owned businesses tend to be: - THE CORRECT ANSWER-
significantly smaller than men's
According to the US small Business Administration, small
enterprises hire 83 percent of all high-tech employees. - THE
CORRECT ANSWER-false
A microbusiness that permits the owner to follow a desired
pattern of living refers to which of these - THE CORRECT ANSWER-
Lifestyle business
Small firms represent about___________ percent of all US
exporters - THE CORRECT ANSWER-97
An economically attractive and timely opportunity that creates
value for interested buyers and end users refers to
entrepreneurial opportunity. - THE CORRECT ANSWER-True
,All of the following are entrepreneurial qualities EXCEPT: - THE
CORRECT ANSWER-domineering
A change in how we fundamentally see a situation is called a-- -
THE CORRECT ANSWER-Paradigm shift
A specific group of customers with an identifiable but narrow
range of product or service interests refers to: - THE CORRECT
ANSWER-niche market
According to Gerber, all of the following are personalities that
come into play when you are starting a business EXCEPT: - THE
CORRECT ANSWER-Administrative Personality
A knowledgeable person who can offer guidance based in a
given field is called a(n)-- - THE CORRECT ANSWER-mentor
When ABC International engages in the unethical practice of
concealing business income, it is called skimming - THE CORRECT
ANSWER-true
The internet has made it easier for people to steal the creations
and ideas of others, including literary works, artistic products,
and music. These creations are collectively known as
trademarks. - THE CORRECT ANSWER-False
Which of these refers to a company's ethical obligations to the
community? - THE CORRECT ANSWER-Social responsibility
, Ethical ______ holds the philosophy "When in Rome, do as
the Romans do." - THE CORRECT ANSWER-relativism
According to Blanchard and Peale, an organization's ethical
policy should be based on all of these EXCEPT: - THE CORRECT
ANSWER-pattern
Which of these represent the second step in the ethical decision
making process? - THE CORRECT ANSWER-Identify alternative
solutions
A profitable company that responds to customers' needs while
showing reasonable concern for the environment is called a(n) -
THE CORRECT ANSWER-sustainable small business
________ refers to a general sense of honesty and reliability
that is expressed in a strong commitment to doing the right
thing, regardless of the circumstances. - THE CORRECT ANSWER-
Integrity
"Three big" stakeholders for organizations are employees,
customers, and competitors. - THE CORRECT ANSWER-False.
"Be a good corporate citizen, and give back" represents which
type of responsibility? - THE CORRECT ANSWER-Discretionary
The notion of intergrity and ethics are closely tied - THE CORRECT
ANSWER-True
