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Question 44 (Mandatory) (1 point) The Canada Labour Code A) protects the rights of all workers in Canada B) does not cover all workers in Canada C) clearly distinguishes between managers and workers D) supersedes collective agreements o protects the rights of all workers in Canada does not cover all workers in Canada clearly distinguishes between managers and workers supersedes collective agreements Question 45 (Mandatory) (1 point) is the use of a neutral third party to encourage labour and management to continue negotiating in good faith, in an effort to settle a dispute and reach a mutually acceptable agreement. A) Arbitration B) Mediation C) Grievance Option D) Strike Mandate Question 46 (Mandatory) (1 point) What causes the most pricing errors in small business firms? A) Owners do not know the price of their competitor's product. B) Entrepreneurs introduce new products which they like but for which there is no market. C) Owners select poor locations for service firms. D) Over-reliance on word-of-mouth advertising results in potential customers who do not know about the product or service. E) Failure to project operating expenses accurately. Owners do not know the price of their competitor's product. Entrepreneurs introduce new products which they like but for which there is no market. O Owners select poor locations for service forms. O Over-reliance on word-of-mouth advertising results in potential customers who do not know about the product or service. Failure to project operating expenses accurately! Question 47 (Mandatory) (1 point) Most new venture ideas come from A) Family and friends B) Hobbies C) Suggestions from colleagues D) Events relating to work or everyday life E) Deliberate search O Family and friends O Hobbies O Suggestions from colleagues O Events relating to work or everyday life O Deliberate search Question 48 (Mandatory) (1 point) Four basics factors explain most small-business success: hard work; ... managerial competence; and A) Collateral; a business plan B) A business plan; market demand C) Family support; collateral D) Sales Forecast; luck E) Market demand; luck Question 49 (Mandatory) (1 point) Ain) ...---is an owner-managed business that does not dominate its market, while a(n) is a recently formed commercial organization that provides goods and/or services for sale, A) New venture; small business B) Enterprise; new venture C) Enterprise; small business D) Small business; enterprise E) Small business; new venture Question 50 (Mandatory) (1 point) is a financing technique whereby entrepreneurs make do with as few resources as possible and use other people's resources whenever they can. A) Leapfrogging B) Equity Financing C) Debt Financing D) Borrowing E) Bootstrapping

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