20
Source M. Business 6
th
Edition
101) ________ are often the Small Business Administration's principal means of providing direct
management assistance to small businesses and entrepreneurs.
A) Local Chambers of Commerce
B) Small Business Development Centers
C) Service Corps of Retired Executives
D) Small Business Institutes
E) Active Corps of Executives
102) ________ is (are) a volunteer agency funded by the Small Business Administration to
provide advice for owners of small firms.
A) Local Chambers of Commerce
B) Small Business Development Centers
C) Service Corps of Retired Executives
D) Small Business Institutes
E) Business Executive Council
103) Samantha owns a small office supply company. In setting up her business, she asks a few
other small-business owners she knows for advice on dealing with employees and government
regulation, improving processes, and solving problems. What does this scenario exemplify?
A) consulting
B) incubating
C) socializing
D) relating
E) networking
104) Which of the following statements is true of baby boomers?
A) They represent people born between 1930 and 1945.
B) They are economically backward compared to other Americans.
C) They are not actively pursued by many small businesses.
D) They consist of 50 million Americans.
E) They are an unprofitable market segment.
105) Millennials number around 83 million and represent a huge business opportunity in the
United States. Which of the following is a defining feature of millennials?
A) This cohort is solely concerned about money.
B) This cohort is opposed to working remotely.
C) This cohort prefers face-to-face meetings over virtual communication.
D) This cohort consists of people born between 1946 and 1964.
E) This cohort is concerned with advancement, recognition, and improved capabilities.
106) Margaret was born in 1952. She is a wealthy Florida native. As she ages, Margaret spends
much of her money on travel, financial planning, and health care. Margaret is
A) a millennial.
B) a member of Generation X.
C) a baby boomer.
D) an immigrant.
E) a member of Generation Z.