Exam 1: The Twenty-First-Century Entrepreneur

In 2001, the federal General Accounting Office discovered that in the areas where military bases closed, the unemployment rate was less than the national average.This is because of the start-up of new small businesses in the areas.

The Small Business Administration was organized as a part of

Identify a defining characteristic of entrepreneurial firms.

In the late 1970s and 1980s, the United States occupied the dominant economic position in the world.

Describe how a small business is critical globally.

What term is used to describe Walmart's ability to purchase more advertising space at a lower cost per ad?

During Eisenhower's presidency, who stated, "What is good for General Motors is good for the nation"?

Which kind of business is NOT likely to be eligible for a microloan program?

Which of the following statements is true about venture capital start-ups?

________ is a list published annually by Fortune magazine of the largest corporations in the United States.

One of the huge advantages of starting one's own business is that someone else can be the boss.Small business owners are motivated by two areas to start a business: the desire to be their own bosses and to set their own working hours.

A business plan should be a tool to think through a wide range of issues related to starting and growing a business.

Which of the following is a difference between large organizations and entrepreneurial businesses?

What are the three goals for a business plan?

Success in an entrepreneurial business can only be achieved with brutally hard and long hours.

All of these are harvest plan strategies EXCEPT:

Why does a small business act as a catalyst for social change?

In the context of entrepreneurship around the world, identify a true statement about microloans.

Close to 50 percent of the millionaires in the United States are entrepreneurs.

What is a lean startup?