Which of the following statements is true about small businesses?

A. Capital is supplied and ownership is held by a large number of individuals.
B. The area of operations is not necessarily local, although the market is primarily local.
C. The manager usually owns the business.
D. Management of small businesses is highly dependent, because the businesses are owned by a group of people.


Answer: C

Business

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If individuals are drawing negative conclusions regarding situations despite a lack of concrete evidence to support the conclusions, they are:

a. fortune telling b. labeling and mislabeling c. mind reading d. disqualifying the positive

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Whenever the major beverage companies develop a new product, they advertise it heavily using television and print media. These efforts are designed to

A. pull the product into the marketing channel through consumer demand. B. push the product into retail stores so customers can purchase it. C. generate goodwill for the company. D. make it easier to do posttesting. E. signal strategy changes to market competitors.

Business

John has been recruited as a firefighter for his city's fire department. He notices that the fire department does not provide the firemen with adequate equipment for protection against hazardous substances. In this context, the fire department is violating the _____.

A. National Labor Relations Act of 1935 B. Fair Labor Standards Act of 1938 C. Occupational Safety and Health Act of 1970 D. Civil Rights Act of 1964

Business

In the ____, Kia Corporation describes the basics of the bond issue, who the trustee is, when the bonds mature, and how the bonds will be paid off.

A. bond indenture B. trustee agreement C. bond prospectus D. term-loan agreement E. bond contract

Business