MGMT100 Exam 1 Review Questions with All Correct Answers
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Course
MGMT100
Institution
MGMT100
MGMT100 Exam 1 Review Questions with All Correct Answers
What is considered to be a significant disadvantage of owning a franchise?
A. Start-up Costs
B. Operational guidelines
C. Difficulty obtaining loans
D. Double taxation
E. Competition - Answer- start-up costs
What is the MOST impo...
MGMT100 Exam 1 Review Questions
with All Correct Answers
What is considered to be a significant disadvantage of owning a franchise?
A. Start-up Costs
B. Operational guidelines
C. Difficulty obtaining loans
D. Double taxation
E. Competition - Answer- start-up costs
What is the MOST important source of money for new business start-ups?
A. banks
B. the SBA
C. Personal resources
D. Government grants
E. Venture capital - Answer- Personal resources
What is the advantage to starting a business from scratch instead of buying an existing
business?
A. There is a proven ability to attract customers
B. Profit is generated sooner
C. There is a stronger relationship with lenders and other stakeholders
D. There are no ill-effects from the previous owner
E. There is a clearer picture of what to expect in terms of start-up - Answer- There are
no ill-effects from the previous owner
Which country is the world's largest marketplace and most stable economy?
A. the US
B. Canada
C. Germany
D. Japan
E. China - Answer- the US
Which of the following refers to the situation when a country's imports exceed its
exports?
A. balance of payments
B. balance of trade
C. trade deficit
D. trade surplus
E. trade advantage - Answer- Trade defict
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