A group of individuals wants to open a museum that will display items from early settlers of the area. The group will charge just enough admission to pay the expenses of operating the museum. Will the museum be a business?

Yes, the museum will be a not-for-profit business.

Which situation would most likely indicate the need to adapt to changes in the business environment?

the supply of materials used in manufacturing a product has decreased.

A small-business owner whose business is a sole proprietorship is planning to "go global". What method for going global would be best to recommend to the small-business owner?

start by hiring an export management company.

One reason why many small business develop an organizational design that requires a board of directors is because usually?

provides experience that increases the business's credibility.

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5.03 section quiz

trinity davis

Question	Answer
A group of individuals wants to open a museum that will display items from early settlers of the area. The group will charge just enough admission to pay the expenses of operating the museum. Will the museum be a business?	Yes, the museum will be a not-for-profit business.
Business ethics involve considering issues about what is:	right and wrong.
The owner of a small company decides to stock a new product. Which business activity should the owner use to inform potential customers about the new product?	marketing
Which affects the business environment because it provides the most options for consumers?	global competition
Which situation would most likely indicate the need to adapt to changes in the business environment?	the supply of materials used in manufacturing a product has decreased.
A small-business owner whose business is a sole proprietorship is planning to "go global". What method for going global would be best to recommend to the small-business owner?	start by hiring an export management company.
One reason why many small business develop an organizational design that requires a board of directors is because usually?	provides experience that increases the business's credibility.

Created by: foreigntrin

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