BUSI 1301 EXAM 1 QUESTIONS WITH VERIFIED
ANSWERS
Correct 132
Incorrect 00
1 of 132
Term
Which statement best summarizes the experience of U.S.-based
franchisors in foreign countries?
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Both large and small franchises
have found success in foreign
Franchising has failed in foreign
countries by providing
countries due to cultural differences.
convenience and a predictable
level of service and quality.
Only large corporations have been Foreign markets prefer local brands
able to succeed with franchising over American franchises due to
abroad. price.
, Don't know?
2 of 132
Term
Entrepreneurs applying for a bank loan should realize that bankers will
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expect the entrepreneur to guarantee expect the entrepreneur to
the loan with personal assets. provide a business plan.
expect the entrepreneur to have a expect the entrepreneur to have a
million dollars in cash. phd in finance.
Don't know?
3 of 132
Term
Organizations that require consistent production standards to help
create a high-quality public image would tend to favor
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, group dynamics. decentralized authority.
centralized authority. unity of command.
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4 of 132
Term
The danger in writing new laws to correct behavior is that
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people may begin to think that
laws are too expensive to enforce
any behavior that is legal is
effectively.
ethically acceptable.
laws rarely change to keep up with laws are always morally superior to
business practices. ethical behavior.
Don't know?
5 of 132
Term
, Which statement best reflects the approach state and local
governments take to influence the location decisions of businesses?
Give this one a try later!
State and local governments generally ignore business location decisions to avoid
interference.
State and local governments primarily focus on increasing property taxes to fund
local schools.
State and local governments strictly regulate all business location choices to
prevent competition.
State and local governments often engage in fierce competition to attract
businesses, including the offer of tax breaks, zoning changes, and financial aid.
Don't know?
6 of 132
Term
Effective entrepreneurial teams combine
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creativity with marketing and
technical skills with legal expertise.
production experience.
ANSWERS
Correct 132
Incorrect 00
1 of 132
Term
Which statement best summarizes the experience of U.S.-based
franchisors in foreign countries?
Give this one a try later!
Both large and small franchises
have found success in foreign
Franchising has failed in foreign
countries by providing
countries due to cultural differences.
convenience and a predictable
level of service and quality.
Only large corporations have been Foreign markets prefer local brands
able to succeed with franchising over American franchises due to
abroad. price.
, Don't know?
2 of 132
Term
Entrepreneurs applying for a bank loan should realize that bankers will
Give this one a try later!
expect the entrepreneur to guarantee expect the entrepreneur to
the loan with personal assets. provide a business plan.
expect the entrepreneur to have a expect the entrepreneur to have a
million dollars in cash. phd in finance.
Don't know?
3 of 132
Term
Organizations that require consistent production standards to help
create a high-quality public image would tend to favor
Give this one a try later!
, group dynamics. decentralized authority.
centralized authority. unity of command.
Don't know?
4 of 132
Term
The danger in writing new laws to correct behavior is that
Give this one a try later!
people may begin to think that
laws are too expensive to enforce
any behavior that is legal is
effectively.
ethically acceptable.
laws rarely change to keep up with laws are always morally superior to
business practices. ethical behavior.
Don't know?
5 of 132
Term
, Which statement best reflects the approach state and local
governments take to influence the location decisions of businesses?
Give this one a try later!
State and local governments generally ignore business location decisions to avoid
interference.
State and local governments primarily focus on increasing property taxes to fund
local schools.
State and local governments strictly regulate all business location choices to
prevent competition.
State and local governments often engage in fierce competition to attract
businesses, including the offer of tax breaks, zoning changes, and financial aid.
Don't know?
6 of 132
Term
Effective entrepreneurial teams combine
Give this one a try later!
creativity with marketing and
technical skills with legal expertise.
production experience.
