Title: Unit 3 Quiz
Course: SLF 125 Business Planning and Startup > Section: SLF 125 Business Planning and Startup

Q: A business model _____.
- follows one particular method of delivering products to consumers
- is the particular way in which a specific business delivers products or services to its customers
- refers to a sole proprietorship, limited liability company, or other organization type that a business follows
- None of these
A: is the particular way in which a specific business delivers products or services to its customers

Q: A business serving a niche market _____.
- sells many different products to as many customers as possible
- sells highly developed technology products
- offers specialized products or services to a small, but profitable, group of consumers
- often loses money because its customer base is small
A: offers specialized products or services to a small, but profitable, group of consumers

Q: The management function that checks the progress of a business against its plans and makes decisions designed to improve performance is _____.
- controlling
- staffing
- planning
- organizing
A: controlling

Q: Which of the following is NOT considered a function of a manager?
- Planning
- Organizing
- Staffing
- All of these are management functions
A: All of these are management functions

Q: The terms and conceptual definitions of manager and leader are exactly the same.
- True
- False
A: False