Small Business Cfa 1 Corrections

Front 1

A local manufacturer has agreed to produce Gale’s new product. This will relieve Gale from having to set up a manufacturing plant. This type of partnership is a/n

Back 1

Strategic alliance.

Front 2

Entrepreneurs generally have high expectations for themselves and strive to achieve those expectations. Thus, they are characterized as

Back 2

Self-demanding.

Front 3

Businesses can demonstrate ethical responsibility towards customers by

Back 3

Representing the merits of products truthfully.

Front 4

Each year the government spends millions of dollars on medical research. This is an example of the government’s role as a

Back 4

Provider of social programs

Front 5

Of the major factors contributing to the success of a small business, which one is affected by the lack of working capital?

Back 5

Financing

Front 6

Which federal agency provides social and economic statistics to small businesses?

Back 6

Department of Commerce

Front 7

Providing aid for dependent children illustrates the government’s role as a

Back 7

Provider of social programs

Front 8

The inability to interpret financial records demonstrates a lack of

Back 8

Competence of the entrepreneur

Front 9

The Cooper Company decided to sell stock to raise capital. Under which form of business organization does the company operate?

Back 9

Corporation

Front 10

Product development and channels of distribution are included in which section of the business plan?

Back 10

Operational plan

Front 11

In North Carolina, day care centers are required to obtain licenses. This illustrates the government’s role as a:

Back 11

Regulator.