Reference no: EM132233077

1. What best defines the unique contribution of a small business?

a - Sources of new ideas or services that larger businesses may be unable to provide

b- The place to find more unskilled workers in the marketplace

c- Owners that have higher education than managers & executives of larger firms

d- They are fewer of them in the US compared to other regions of the world

2. one of This document states what the business can do and provides other organizational and financial information:

a- Business Inception

b. Corporate Charter

c. Business Management Plan

d. Corporate Declaration

e. Bill Of Operating Rights

3. An agreement whereby an independent business person is given exclusive rights to sell a specified good or service is known as:

a. Exclusive marketing rights

b. Exclusive product rights

c. A franchise

d. Selective business rights

4. You are just about to begin the development phase of your project, when a key stakeholder says that she is concerned you don't have the right processes in place to successfully manage the project. Of the following, which would be the best document to show her to prove otherwise?

a. The Project Management Plan

b. The Stakeholder Management Plan

c. The Scope Management Plan

d. The Charter

5. Studies of the behavior of people in small business show that failure often results from:

a. To much decision making was left to chance.

b. Having too many family members involved in making decisions for the business.

c. Too many decisions were made using a consultant.

d. To many decisions were during late hours when owner was tired.