BUSN 115 STUDY Career Path Begins/busn115study.com BUSN 115 STUDY Career Path Begins/busn115study.com | Page 28

Question 2.2. (TCO 1) People who stand to gain or lose by the policies
and activities of a business and whose concerns the business needs to
address include which of the following? (Points : 5)
Bankers
Government employees
Surrounding/competing businesses
Foreign business leaders
Domestic business leaders
Question 3.3. (TCO 1) You are fairly good at various and sundry
home repairs. You aren’t very good at electrical things, or anything
having to do with plumbing. But you’re great with painting, patching,
and general maintenance on a home. You’re contemplating starting a
home repair business in your town. What are some issues that you can
influence and should be concerned with in launching a new small
business start-up? (Points : 5)
Current local council actions
Local school board policies
Government control
Collecting and remitting sales and use taxes
Training for what you don’t know how to do
Question 4.4. (TCO 3) A small business is defined as a company that
_____. (Points : 5)
is newly launched and has fewer than 100 shareholders
is dominant in its field and employs fewer than 1,500 employees