Module 5 Questions Study Guide Rated A+

Under the Small Business Administration's SCORE program, retired executives help business people who need advice. True False {Ans: true}Which of the following is the most important question you need to ask yourself when you're thinking about starting a business? Do I want to buy an existing business? Can I manage a business by myself? What will customers want to buy? d. Where will the startup funds come from? {Ans: What will customers want to buy?}The dollars and cents of the business plan are especially important to loan committees. Jones is well aware that an entrepreneur must show how, when, and why the business will make a profit. He thus ensures that his _____ section details his startup costs and sources of funding, his projections of sales revenue, cost of goods sold, operating and financing expenses, profits, and his forecasts of cash flow. a. marketing b. production and operations c. financial plan d. management {Ans: C}The majority of small businesses in the USA are owned by ____. white females black females white males black males {Ans: white males}Mary Gonzalez recently expanded her chain of flower shops. As the only small flower shop located in major airports in