Small businesses represent the majority of firms in the:
A) auto manufacturing industry.
B) construction industry.
C) airline industry.
D) utility industry.
E) express delivery industry.
Question 2 - Hallmark cards develops a new line of cards that have a total cost of 200,000 and a price of 3 each. If it sells 20,000 cards the first month, what is its total revenue?
A) 60,000
B) 600,000
C) 400,000
D) 140,000
E) 150,000
Question 3 - In the last 17 years, small businesses generated:
A) very few new jobs due to the struggling economy.
B) 10 of new jobs.
C) over half of new jobs.
D) all of the new jobs.
E) a smaller percent of new jobs than big businesses generated.
Question 4 - The number of units that must be sold for the total revenue to equal the total cost is called the _____ quantity.
A) breakeven
B) stabilization
C) intersect
D) parity
E) equalization
Question 5 - Small businesses make up _____ of all exporters.
A) 23.5
B) 35.5
C) 75.5
D) 87.5
E) 97.5
Question 6 - For any product, the breakeven quantity is the:
A) number sold over 50 units.
B) number sold such that variable costs equal revenues.
C) total number produced to equal the total resources available to the producer.
D) number of products needed to be sold for total revenue to equal total costs.
E) dollar volume of total sales.
Question 7 - Of all the businesses in the United States, approximately how many are considered big businesses, like Google and Ford?
A) 99.7
B) 43
C) 26 million
D) 20,000
E) 200,000
Question 8 - Courtney's Cupcakes is a small bakery specializing in gourmet cupcakes. Of the following, which would be categorized as one of its fixed costs?
A) Flour
B) Cupcake decorations
C) Eggs
D) Rent
E) Cupcake baking cups
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