In the United States, it typically takes ____ and about 600 to establish a business as a legal entity.
A) less than a week
B) about a month
C) a month and a day
D) two weeks
Question 2 - The management hierarchy typically creates an inverted pyramid, with a larger number of top managers above and a small number of supervisory managers.
Indicate whether the statement is true or false
Question 3 - Evelyn would like to open a small business that is categorized as a being in the distribution industry. To do this she could open a ______ establishment.
A) retail, wholesale, transportation, or communications
B) distribution or manufacturing
C) production, service, or manufacturing
D) retail, wholesale, or manufacturing
Question 4 - Describe the difference between penetration pricing and skimming pricing. Give an example of each to illustrate your answer.
Question 5 - _____ are accountable for 97.5 percent of all identified exporters and produce 31 percent of export value in the United States.
A) Small businesses
B) Multi-national corporations
C) Domestic corporations
D) Alien corporations
Question 6 - In the context of physical distribution, discuss the considerations that need to be taken into account while making key management decisions.
Question 7 - Francis wants to operate a business that represents (is one of) 99.7 percent of all employers in the United States. To do this she will operate a
A) small business.
B) multi-national corporation.
C) foreign corporation.
D) conglomerate.
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