Question 1

The primary concerns of an entrepreneur starting a new business should be planning and financing.

Accepted Answer

A) True 
 B)False  True

Question 2

Examples of crowdfunding platforms include:

Accepted Answer

A) business plans 
B) financial capitalists 
C) venture capital 
D) kick starter 
A) business plans 
B) financial capitalists 
C) venture capital 
D) kick starter D

Question 3

Micropreneurs are home-based business owners.

Accepted Answer

A) True 
 B)False  True

Question 4

are private individuals who invest their own money in potentially hot new companies before these firms sell stock publicly.

Accepted Answer

A) Angel investors 
B) Corporate raider investors 
C) Venture investors 
D) Leveraged buyout specialists 
A) Angel investors 
B) Corporate raider investors 
C) Venture investors 
D) Leveraged buyout specialists

Question 5

Poor management is the cause of the majority of small business failures.

Accepted Answer

A) True 
 B)False

Question 6

Bankers and investors require entrepreneurs to present a well-conceived business plan.

Accepted Answer

A) True 
 B)False

Question 7

Small-business owners need outside consulting advice early in the process.Name two invaluable experts.

Accepted Answer

Lawyers,accountants,marketing

Question 8

About 50% of businesses that enter the marketplace survive for one full year.

Accepted Answer

A) True 
 B)False

Question 9

A good business plan will:

Accepted Answer

A) describe all aspects of the business,including product,the target market,the nature of the competition,and the resources and qualifications of the owner(s). 
B) focus on the big picture and omit the small details of operating the business. 
C) focus on the nature of the business and the target market,omitting personal information about the owner in order to avoid personality issues. 
D) be purposefully vague,since specifics can restrict creativity and flexibility. 
A) describe all aspects of the business,including product,the target market,the nature of the competition,and the resources and qualifications of the owner(s). 
B) focus on the big picture and omit the small details of operating the business. 
C) focus on the nature of the business and the target market,omitting personal information about the owner in order to avoid personality issues. 
D) be purposefully vague,since specifics can restrict creativity and flexibility.

Question 10

Discuss the benefits exporting offers to small businesses.Given these benefits,why don't more small firms sell in international markets?

Accepted Answer

a.The world market is potentially a much

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

What kinds of Canadian small businesses require advanced training to start,but have the lowest failure rates?

Accepted Answer

Veterinary services,

Question 13

The Internet has slowed small businesses' participation in international markets.

Accepted Answer

A) True 
 B)False

Question 14

To be defined as a small business,the businesses must be independently owned and operated.

Accepted Answer

A) True 
 B)False

Question 15

Businesses employing fewer than 100 employees account for the vast majority of all employer businesses.

Accepted Answer

A) True 
 B)False

Question 16

Small business owners often struggle in attracting qualified workers.Which of the following does not contribute to this problem? Small firms offer:

Accepted Answer

A) lower wages than paid by large corporations. 
B) limited room for advancement. 
C) a lack of challenging jobs. 
D) less attractive fringe benefits than offered by larger firms. 
A) lower wages than paid by large corporations. 
B) limited room for advancement. 
C) a lack of challenging jobs. 
D) less attractive fringe benefits than offered by larger firms.

Question 17

Entrepreneurs and new start-up companies can find assistance from incubators.Incubators today provide what kinds of services?

Accepted Answer

Hands-on management assistance

Question 18

The business plan of a new entrepreneur should include all of the following  except :

Accepted Answer

A) name of the company. 
B) target market. 
C) competitive advantages. 
D) capital required. 
A) name of the company. 
B) target market. 
C) competitive advantages. 
D) capital required.

Question 19

An excellent way to learn how to run a small business is to talk to entrepreneurs from diverse backgrounds.What kind of advice will they give you?

Accepted Answer

They will tell you that location is crit

Question 20

Successful micropreneurs require self-discipline to separate work from family responsibilities.

Accepted Answer

A) True 
 B)False

The primary concerns of an entrepreneur starting a new business should be planning and financing.

Examples of crowdfunding platforms include:

Micropreneurs are home-based business owners.

are private individuals who invest their own money in potentially hot new companies before these firms sell stock publicly.

Poor management is the cause of the majority of small business failures.

Bankers and investors require entrepreneurs to present a well-conceived business plan.

Small-business owners need outside consulting advice early in the process.Name two invaluable experts.

About 50% of businesses that enter the marketplace survive for one full year.

A good business plan will:

Discuss the benefits exporting offers to small businesses.Given these benefits,why don't more small firms sell in international markets?

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

What kinds of Canadian small businesses require advanced training to start,but have the lowest failure rates?

The Internet has slowed small businesses' participation in international markets.

To be defined as a small business,the businesses must be independently owned and operated.

Businesses employing fewer than 100 employees account for the vast majority of all employer businesses.

Small business owners often struggle in attracting qualified workers.Which of the following does not contribute to this problem? Small firms offer:

Entrepreneurs and new start-up companies can find assistance from incubators.Incubators today provide what kinds of services?

The business plan of a new entrepreneur should include all of the following except :

An excellent way to learn how to run a small business is to talk to entrepreneurs from diverse backgrounds.What kind of advice will they give you?

Successful micropreneurs require self-discipline to separate work from family responsibilities.

The Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Ethics and Social Responsibility

Forms of Business Ownership

Management and Leadership

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

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

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters

Exam 7: Entrepreneurship and Starting a Small Business

The primary concerns of an entrepreneur starting a new business should be planning and financing.

Examples of crowdfunding platforms include:

Micropreneurs are home-based business owners.

are private individuals who invest their own money in potentially hot new companies before these firms sell stock publicly.

Poor management is the cause of the majority of small business failures.

Bankers and investors require entrepreneurs to present a well-conceived business plan.

Small-business owners need outside consulting advice early in the process.Name two invaluable experts.

About 50% of businesses that enter the marketplace survive for one full year.

A good business plan will:

Discuss the benefits exporting offers to small businesses.Given these benefits,why don't more small firms sell in international markets?

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

What kinds of Canadian small businesses require advanced training to start,but have the lowest failure rates?

The Internet has slowed small businesses' participation in international markets.

To be defined as a small business,the businesses must be independently owned and operated.

Businesses employing fewer than 100 employees account for the vast majority of all employer businesses.

Small business owners often struggle in attracting qualified workers.Which of the following does not contribute to this problem? Small firms offer:

Entrepreneurs and new start-up companies can find assistance from incubators.Incubators today provide what kinds of services?

The business plan of a new entrepreneur should include all of the following except :

An excellent way to learn how to run a small business is to talk to entrepreneurs from diverse backgrounds.What kind of advice will they give you?

Successful micropreneurs require self-discipline to separate work from family responsibilities.

The Dynamic Business Environment

How Economic Issues Affect Business

Competing in Global Markets

The Role of Government in Business Appendix a Working Within the Legal Environment of Business

Ethics and Social Responsibility

Forms of Business Ownership

Management and Leadership

Structuring Organizations for Todays Challenges

Producing World-Class Goods and Services

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemdashmanagement Issues and Relations

Marketing: Helping Buyers Buy

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

Understanding Accounting and Financial Information

Financial Management Appendix C Managing Risk

The Financial Services Industry in Canada

Filters