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BUS305 Final Exam
Question1
Marks: 1
Which of the following is NOT a characteristic of a small business?
Choose one answer.

a. Provides goods and/or services to customers

b. Provides society with social or educational services without concern for making a profit

c. Establishes goals and meets them in an efficient manner

d. Helps the economy by employing people

e. Has 500 or fewer employees

Question2
Marks: 1
What are individuals who take responsibility for the development of innovations of any kind within larger organizations called?
Choose one answer.

a. Crazy

b. Entrepreneurs

c. Inventors

d. Intrapreneurs

e. Engineers

Question3
Marks: 1
Which of the following is one of the major reasons why people want to own and operate their own business?
Choose one answer.

a. To be their own boss

b. To make a fortune

c. To have complete freedom

d. To have an easy life

e. To eliminate all pressure

Question4
Marks: 1
Choose the best answer to fill in the blank. The majority of Americans entered the business world by working for _______________, which are constantly creating jobs and providing opportunities for a vast number of workers.
Choose one answer.

a. Franchises

b. Small businesses

c. Entrepreneurs

d. Sole proprietorships

e. Not-for-profit organizations

Question5
Marks: 1
Fill in the blank. The majority of all new jobs created in the United States in recent years were generated by _________________.
Choose one answer.

a. Medium businesses

b. Small businesses

c. Large businesses

d. Corporations

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