Exam 16: Managing Small Business Start-Ups

Which of these refers to the financing that consists of funds that are invested in exchange for ownership in the company?

The takeoff stage is the last of the five stages of growth for an entrepreneurial company.

What is a business incubator? How can it help a business?

A business plan for a small business should be detailed, encompassing at least 100 pages.

During the________ stage, the company will need to make greater use of budgets, standard cost systems, and statistical reports.

What is the fundamental difference between the suppliers of debt and equity financing?

Optimizers are rewarded by chance to work on something new and creative.

Name three of the four ways entrepreneurs can become business owners.

List five of the six characteristics of entrepreneurs.

The most common reason for becoming an entrepreneur is:

The_________ provides shared office space, management support services, and management advice to entrepreneurs.

China is the most entrepreneurial country, with 24 percent of individuals age 18 to 64 starting a new business.

The most common source of new business ideas comes from in-depth understanding of an industry or profession.

ABC company has made substantial financial gains, but may start to lose the advantages of small size. Which stage of growth is this company experiencing?

Social entrepreneurs are committed to both good business and:

Which of these offers the advantage that the entrepreneur has the ability to develop and design the business in the entrepreneur's own way?

A venture capital firm is a group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits.

An artificial entity created by the state and existing apart from its owners is known as:

To succeed in the competitive online market, aspiring entrepreneurs need to identify a market niche that isn't being served by other companies.

Sole proprietorships are one of the fastest growing segment of small business.