Question 1

In the United States legal-political environment, changes are slow and legal and political procedures are well established such that its global political risk is:

Select one:

A. low.

B. high.

C. moderate.

D. maximum.

Question 2

A business that is characterized by innovative strategic practices and which has as its main goals profitability and growth is called

Select one:

A. a small business.

B. a star.

C. an entrepreneurial venture.

D. a cash cow.

Question 3

Small businesses represent over ________ percent of all employers.

Select one:

A. Under 40

B. 40-50

C. 60-80

D. Over 90

Question 4

Which of the following is a strategic advantage of small businesses and entrepreneurial ventures over larger businesses?

Select one:

A. Respond quickly to changing conditions

B. Seek out new opportunities

C. Willingness to take risks

D. Strategic goals are profitability and growth

Question 5

A not-for-profit organization created, funded, and regulated by the public sector or government can be referred to as

Select one:

A. a private-sector organization.

B. an efficient organization.

C. 401k or 503b plan.

D. a public-sector organization.