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Study Resources (Business Management)

  1.What impact do highly seasonal sales have on a small company’s cash flow? 2.What other advice can you offer owners of seasonal businesses about coping with the effects of their companies’ highly irregular sales patterns?  About managing cash flow in general? 1.Assume the role of the SBDC consultant and help Douglas put.
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  13-25. Briefly describe the loan programs offered by the Economic Development Administration following:  13-26. Briefly describe the loan programs offered by the Department of Housing and Urban Development 13-27. Briefly describe the loan programs offered by the Department of Agriculture.   13-28.  Explain the purpose and the methods of operation of.
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  12-1.Why must entrepreneurs concentrate on effective cash flow management?  12-2.Explain the difference between cash and profit.  12-3.Outline the steps involved in developing a cash budget.    12-4.How can an entrepreneur launching a new business forecast sales?  12-5.What are the “big three” of cash management?     .
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  40. Technology, tools, information, and physical facilities for the operation of a business are examples of _____. a. profits b. wages c. capital d. liability 41. A company that values employees as sources of ideas and innovation is utilizing its _____. a. entrepreneurship b. natural resources c. capital d. human resources 42. The human resources of a firm refers to.
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  1.Why are hiring mistakes so expensive for companies, particularly small businesses?  2.Suppose your best friend is about to hire someone to work in his or her company.  List at least three other tips that will enable him or her to avoid making a hiring mistake. 1.Why is it important for entrepreneurs.
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  13-11. What advice would you offer an entrepreneur about to strike a deal with a private investor to avoid problems?  13-12. What types of businesses are most likely to attract venture capital? 13-12. What investment criteria do venture capitalists use when screening potential businesses? 13-13. How does venture capitalist criteria for investing.
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  2.What can entrepreneurs do to increase the probability that bankers will approve their loan requests?  3.Work with a team of your classmates to brainstorm ways these entrepreneurs could attract the capital they need for their businesses. What steps would you recommend they take before they approach the potential sources of.
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  1.How are expat entrepreneurs’ assumptions about conducting business internally different than entrepreneurs pursuing more traditional international strategies?   Explain.  2.What advice would you give to someone who wants to become an expat entrepreneur?  Explain.  3.What lessons did each of these expat entrepreneurs lean that would be useful for others interested in.
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  13-31. Explain the advantages and the disadvantages of using factors as a source of financing. 13-32. Explain how an entrepreneur can use retirement funding to start a business using Rollovers as Business Startups (ROBS). 13-33. How do merchant cash advances work as a course of financing a small business? 13-34. What is peer-to-peer.
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  16-3.Why is it so important for small companies to hire the right employees? What can small business owners do to avoid making hiring mistakes?  16-4.What is a job description? A job specification? What functions do they serve in the hiring process?  16-5.Outline the procedure for conducting an effective interview.  16-6.What.
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  13-14. How do venture capital firms operate? 13-15. Describe venture capital firms’ procedure for screening investment proposals.  13-16. Summarize the major exemptions and simplified registrations available to small companies wanting to make public offerings of their stock.      .
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  1.As the global market grows, more small businesses are expanding into other markets.  What are the implications for small companies that have the potential to conduct business globally?  2.What advice can you offer the founders of Zee Wine USA about selling their products globally? 3.Notice that Sean Sullivan used a.
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  15-19.What impact has agreements such as WTO, NAFTA and CAFTA had on small companies wanting to go global?  What provisions are included in these trade agreements?  15-20.Summarize the key provisions of WTO. 15-21.Summarize the key provisions of NAFTA.  15-22.Summarize the key provisions of CAFTA.  15-23.What advice would you offer an.
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  2.What conclusions can you draw about Douglas’s business from this cash budget?  3.What suggestions can you make to help Douglas improve his company’s cash flow?  1.Identify the factors that led Kelly Morris and her business partner to become a victim of employee theft and embezzlement. What impact does this crime.
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  26. Define the term vision. Why is vision an important skill today? 27. Describe critical thinking and creativity and explain why they are important qualities for the 21st-century manager. 28. What are some examples of external and internal forces that would require a manager to lead organizational change? 29. Explain how business ethics.
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MATCHING Complete the following using these terms. a. outsourcing b. Diversity c. entrepreneur d. Competitive differentia-tion e. strategic alliance f. Capital g. vision h. factors of production i. brand j. Relationship management k. Not-for-profit organiza-tions l. Business ethics 1. _____ involves blending individuals of different genders, ethnic backgrounds, cultures, religions, ages, and physical and mental abilities in order to enhance a firm’s chances of.
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  14-8.Why is it important to discover more than just the number of passersby in a traffic count for a potential location?  14-9.What types of information can the entrepreneur collect from census data?  14-10.Why may a “cheap location” not be the “best location”?  14-11.What is a foreign trade zone? A business.
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  1.Identify the risks and the benefits that The Pasta Shoppe faces by operating as a global business.  2.Identify some of the barriers that companies such as The Pasta Shoppe encounter as they expand internationally. What steps can entrepreneurs take to overcome these obstacles? 3.What steps do you recommend that entrepreneurs.
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  15-1.Why must entrepreneurs learn to think globally?  15-2.What forces are driving small businesses into international markets?  15-3.What advantages does going global offer a small business owner?  15-4.What risks does going global offer a small business owner?      .
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  1.Should a government entity have the power to “take” a business’s location if it better serves the public good?  Explain.  2.Use the resources of the Internet to learn more about the concept of eminent domain.  What benefits does it produce?  What are the risks associated with it?    1.What advantages and.
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  11-4.What signals does each of the 12 ratios give a business owner?  11-5.  Describe the method for building a projected income statement and a projected balance sheet for a beginning business.  11-6.Why are pro forma financial statements important to the financial planning process?  11-7.How can break-even analysis help an entrepreneur.
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  80. The new employer-employee partnership has led to all of the following EXCEPT _____. a. increased job security b. sharing of financial information with employees c. increased emphasis on listening to and respecting employees d. helping employees improve skills and knowledge 81. When a U.S. company contracts work to a company inMexico, it is _____. a..
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  MULTIPLE CHOICE 30. Which of the following are primarily organized for profit and provide goods and services? a. Businesses b. Public schools c. Government d. Churches 31. Which of the following statements is NOT true regarding businesses? a. Successful businesses seek to meet their social and ethical responsibilities. b. Businesses provide goods and services necessary to an economic.
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  14-4.  What factors should a seafood processing plant, a beauty shop, and an exclusive jewelry store consider in choosing a location? List factors for each type of business.  14-5.What intangible factors might enter into the entrepreneur’s location decision?  14-6.What are zoning laws?  How do they affect the location decision?  14-7.What.
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  70. A partnership is _____. a. a category of relationship management b. an affiliation of two or more companies c. outside the scope of e-business management d. helpful in eliminating competitive advantage 71. Apple iPods sold on Amazon’s Web site signify the formation of a _____ to increase profits. a. transaction alliance b. brand partnership c. strategic alliance d..
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  3.Linblad Expeditions and Zappos sometime receive criticism for being too extreme in the honest of their recruiting approaches. Do you agree? Explain. 16-1.What is leadership? What is the difference between leadership and management?  16-2.What behaviors do effective leaders exhibit?      .
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  16-8.Is money the best motivator? 16-9. How do pay-for-performance compensation systems work? What other rewards are available to small business managers to use as motivators? How effective are they?  (AACSB: Reflecting thinking) 16-10. Why is it so important for a small business owner to develop a management succession plan? Why is.
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  14-17.According to market research firm NPD Group, in 1985, women purchased 70 percent of all men’s clothing; today, women buy just 34 percent of men’s apparel. What implications does this have for modern store layouts?  14-18.What are some of the key features that determine a good manufacturing layout?      .
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  60. The American Industrial Revolution did not make real progress until _____. a. a railroad system was built, providing fast, economical transportation b. a good relationship was formed with England c. an introduction of the automobile occurred d. a reliable system of telephonic communication was established 61. Inventors such as Robert McCormick and Eli Whitney.
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  19. Explain the difference between transaction management and relationship management. 20. Briefly describe the Industrial Revolution and its contribution to the evolution of business. 21. Explain how e-business has created a new type of strategic alliance among companies.     .
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  50. Namesh recently sold his Ford Taurus to a personal friend. Namesh’s sale of his automobile illustrates the right to _____. a. freedom of choice b. private property c. profit making d. set ground rules for competitive activity 51. All of the following are basic rights within a private enterprise system EXCEPT _____. a. right to.
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  15-12.Outline the steps a small company should take to establish a successful export program.  15-13.What are the benefits and challenges of establishing international locations?  15-14.Describe the barriers businesses face when trying to conduct business internationally.  How can a small business owner overcome these obstacles?      .
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