Module 5 Questions Already Passed

Owners of small businesses are responsible for much of the _____ of U.S. business. product innovation healthcare shortfall short-term debt wage escalation {Ans: product innovation}Among the disadvantages of business ownership, both brothers would probably balk at the prospect of _____. financial risk undesirable duties time commitment stress {Ans: undesirable duties}A survey conducted by the Wall Street Journal indicates that _____ have a more satisfying business experience. top-level executives franchise owners team members small business owners {Ans: small business owners}A small business that buys flowers from a local grower and sells them to a grocery store is an example of a wholesaler. False True {Ans: true, retail=grocery}Clarke Santiago and his wife Teresa, parents of two children, opened a buffet restaurant last year. They've been so successful with their family-style atmosphere that some investor friends have offered funding to expand into two additional locations. The investors also want to consider opening several more restaurants each year. After thinking it over, the Santiagos decided to stick with one restaurant and add catering services—a move that should provide them with a satisfactory income. The Santiagos' business is a good example of a _____. a. lifestyle business b. sole proprietorship c.