Question 1

The goal of an incubator is only to ensure that the small business survives the start-up period.

Accepted Answer

A) True 
 B)False  False

Question 2

Over 75% of home based employer businesses are in:

Accepted Answer

A) Ontario. 
B) the service sector. 
C) bankruptcy court. 
D) manufacturing. 
A) Ontario. 
B) the service sector. 
C) bankruptcy court. 
D) manufacturing. B

Question 3

Web-based businesses avoid the risk of failure faced by traditional startup businesses.

Accepted Answer

A) True 
 B)False  False

Question 4

Venture capitalists provide funds for startup businesses in exchange for part ownership in the new firm.

Accepted Answer

A) True 
 B)False

Question 5

Small businesses can provide more personalized service than a large corporation when looking at selling internationally.

Accepted Answer

A) True 
 B)False

Question 6

The most common small business failures occur in businesses that are the easiest to start.

Accepted Answer

A) True 
 B)False

Question 7

Small businesses have not significantly participated in web-based online sales.

Accepted Answer

A) True 
 B)False

Question 8

Corporate management has been the training ground for many new entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 9

It is estimated that 46% of SMEs have some degree of female ownership.

Accepted Answer

A) True 
 B)False

Question 10

Credit owing to potential suppliers can be a source of financing for a new business.

Accepted Answer

A) True 
 B)False

Question 11

Individuals desiring to learn about small business operations would be well advised to learn from other entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 12

Web-based businesses:

Accepted Answer

A) sell a wide variety of items. 
B) are highly limited in what they sell. 
C) only compete with other small businesses. 
D) do not compete with bricks-and-mortar businesses. 
A) sell a wide variety of items. 
B) are highly limited in what they sell. 
C) only compete with other small businesses. 
D) do not compete with bricks-and-mortar businesses.

Question 13

Since entrepreneurs are starting new businesses,experience gained from working for an established business isn't particularly helpful.

Accepted Answer

A) True 
 B)False

Question 14

Surveys show that ___________ make(s)the most money among small-business owners in Canada.

Accepted Answer

A) service businesses 
B) retail businesses 
C) wholesalers 
D) manufacturing 
A) service businesses 
B) retail businesses 
C) wholesalers 
D) manufacturing

Question 15

Justin feels that his family run business will be more likely to avoid the problems many growing businesses have with managing employees.

Accepted Answer

A) True 
 B)False

Question 16

An entrepreneur:

Accepted Answer

A) manages businesses for others. 
B) has a controlling interest in the ownership of a corporation. 
C) manages businesses that operate in multiple countries. 
D) accepts the risk of starting and running a business. 
A) manages businesses for others. 
B) has a controlling interest in the ownership of a corporation. 
C) manages businesses that operate in multiple countries. 
D) accepts the risk of starting and running a business.

Question 17

All of the following are characteristics of successful entrepreneurs except:

Accepted Answer

A) self-disciplined. 
B) tolerant of uncertainty. 
C) willingness and desire to follow others. 
D) action-oriented. 
A) self-disciplined. 
B) tolerant of uncertainty. 
C) willingness and desire to follow others. 
D) action-oriented.

Question 18

A small business must be independently owned and operated.

Accepted Answer

A) True 
 B)False

Question 19

Commercial loan officers and insurance agents offer expert assistance that can be valuable to small business owners.

Accepted Answer

A) True 
 B)False

Question 20

Chris is an angel investor.This indicates that she:

Accepted Answer

A) invests her own money in new businesses before they sell stock publicly. 
B) creates business incubators for startup Web-based firms. 
C) is involved in providing startup money for new churches and other nonprofits. 
D) provides assistance for struggling entrepreneurs. 
A) invests her own money in new businesses before they sell stock publicly. 
B) creates business incubators for startup Web-based firms. 
C) is involved in providing startup money for new churches and other nonprofits. 
D) provides assistance for struggling entrepreneurs.

The goal of an incubator is only to ensure that the small business survives the start-up period.

Over 75% of home based employer businesses are in:

Web-based businesses avoid the risk of failure faced by traditional startup businesses.

Venture capitalists provide funds for startup businesses in exchange for part ownership in the new firm.

Small businesses can provide more personalized service than a large corporation when looking at selling internationally.

The most common small business failures occur in businesses that are the easiest to start.

Small businesses have not significantly participated in web-based online sales.

Corporate management has been the training ground for many new entrepreneurs.

It is estimated that 46% of SMEs have some degree of female ownership.

Credit owing to potential suppliers can be a source of financing for a new business.

Individuals desiring to learn about small business operations would be well advised to learn from other entrepreneurs.

Web-based businesses:

Since entrepreneurs are starting new businesses,experience gained from working for an established business isn't particularly helpful.

Surveys show that ___________ make(s)the most money among small-business owners in Canada.

Justin feels that his family run business will be more likely to avoid the problems many growing businesses have with managing employees.

An entrepreneur:

All of the following are characteristics of successful entrepreneurs except:

A small business must be independently owned and operated.

Commercial loan officers and insurance agents offer expert assistance that can be valuable to small business owners.

Chris is an angel investor.This indicates that she:

Taking Risks and Making Profits Within the Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business

Ethics and Social Responsibility

Forms of Business Ownership

Management and Leadership

Adapting Organizations to Todays Markets

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Understanding Employeemanagement Issues and Relations

Marketing: Building Customer and Stakeholder Relationships

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management

The Financial Services Industry in Canada

Filters

Exam 7: Entrepreneurship and Starting a Small Business

The goal of an incubator is only to ensure that the small business survives the start-up period.

Over 75% of home based employer businesses are in:

Web-based businesses avoid the risk of failure faced by traditional startup businesses.

Venture capitalists provide funds for startup businesses in exchange for part ownership in the new firm.

Small businesses can provide more personalized service than a large corporation when looking at selling internationally.

The most common small business failures occur in businesses that are the easiest to start.

Small businesses have not significantly participated in web-based online sales.

Corporate management has been the training ground for many new entrepreneurs.

It is estimated that 46% of SMEs have some degree of female ownership.

Credit owing to potential suppliers can be a source of financing for a new business.

Individuals desiring to learn about small business operations would be well advised to learn from other entrepreneurs.

Web-based businesses:

Since entrepreneurs are starting new businesses,experience gained from working for an established business isn't particularly helpful.

Surveys show that ___________ make(s)the most money among small-business owners in Canada.

Justin feels that his family run business will be more likely to avoid the problems many growing businesses have with managing employees.

An entrepreneur:

All of the following are characteristics of successful entrepreneurs except:

A small business must be independently owned and operated.

Commercial loan officers and insurance agents offer expert assistance that can be valuable to small business owners.

Chris is an angel investor.This indicates that she:

Taking Risks and Making Profits Within the Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business

Ethics and Social Responsibility

Forms of Business Ownership

Management and Leadership

Adapting Organizations to Todays Markets

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Understanding Employeemanagement Issues and Relations

Marketing: Building Customer and Stakeholder Relationships

Managing the Marketing Mix: Product, Price, Place, and Promotion

Understanding Accounting and Financial Information

Financial Management

The Financial Services Industry in Canada

Filters