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Entrepreneurial Small Business 6th Edition by Jerome Katz Test bank

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bartering done casually by nonmerchants?
resources
boundary
intention
exchange
A business needs the benefits of a boundary—something that sets it off from the buying or selling or
bartering.
References
Multiple Choice Learning Objective:
01-04 Identify
actions key to
becoming a small
business.
According to the BRIE model, which of the following falls under the boundary category?
the financial resources of a company
the desire to start a business
an email address of the company
a product or service offered by the company
A boundary can be something as simple as a business name or government registration, a phone or
email address dedicated to the business, or a specific location for the firm in a home, commercial
space, or even on the Internet.
References
Multiple Choice Learning Objective:
01-04 Identify
actions key to
becoming a small
business.

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 66.
Award: 1.00 point
John owns a small business that does computer servicing. Which of the following would represent
boundary as mentioned in the BRIE model in John's computer servicing business?
the employees that work under John
the office in which John works
the money earned by John from the business
the desire to expand the business to writing software
Here John's office is a location for the firm and hence is an example of boundary as explained in the
BRIE model.
References
Multiple Choice Learning Objective:
01-04 Identify
actions key to
becoming a small
business.

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 67.
Award: 1.00 point
 68.
Award: 1.00 point
In the BRIE model, a business name or government registration, a phone or email address
dedicated to the business, or a specific location for the firm in a home, commercial space, or on the
Internet represents
exchange.
resource.
boundary.
intention.
A boundary can be something as simple as a business name or government registration, a phone or
email address dedicated to the business, or a specific location for the firm in a home, commercial
space, or even on the Internet.
References
Multiple Choice Learning Objective:
01-04 Identify
actions key to
becoming a small
business.
According to the BRIE model, which of the following is true of a resource?
includes a business name or government registration
refers to moving goods or services to others for money
the most frequently occurring element of the BRIE model
includes the product or service to be offered
Resources include the product or service to be offered.
References
Multiple Choice Learning Objective:
01-04 Identify
actions key to
becoming a small
business.


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 69.
Award: 1.00 point
 70.
Award: 1.00 point
Which of the following is the most frequently occurring element of the BRIE model?
intention
boundary
exchange
resources
Intention is the most frequently occurring element of the BRIE model.
References
Multiple Choice Learning Objective:
01-04 Identify
actions key to
becoming a small
business.
Which of the following elements of the BRIE model represents the desire to start a business?
intention
boundary
exchange
resources
Intention is the desire to start a business.
References
Multiple Choice Learning Objective:
01-04 Identify
actions key to
becoming a small
business.
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 71.
Award: 1.00 point
In terms of new jobs, which of the following is true of a small business?
does not employ people looking for part-time work
of no importance to existing jobs
offers jobs to people with atypical work histories
pays taxes on behalf of the people it hires
Small businesses are a key employer is because they are more willing than most large businesses
to offer jobs to people with atypical work histories or needs, like people new to the workforce,
people with uneven employment histories, and people looking for part-time work.
References
Multiple Choice Learning Objective:
01-05 Recognize
how small
businesses are
important to our
economy and your
community.


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 72.
Award: 1.00 point
The way that newly created goods, services, or firms hurt existing goods, services, or firms is
referred to as
benchmarking.
creative destruction.
service distortion.

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