Question 1

By _________, an entrepreneur has the advantage to develop and design the business in his/her own way.

Accepted Answer

The answer of By _________, an entrepreneur has the advantage...

Question 2

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a:

Accepted Answer

A)  SWOT analysis. 
B)  business portfolio. 
C)  business plan. 
D)  competitive analysis. 
E)  mission statement. 
A)  SWOT analysis. 
B)  business portfolio. 
C)  business plan. 
D)  competitive analysis. 
E)  mission statement.

Question 3

A human quality linked to entrepreneurship in which people are motivated to excel and pick situations in which success is likely is called the_________ .

Accepted Answer

The answer of A human quality linked to entrepreneurship in...

Question 4

________combines creativity, business smarts, passion, and hard work of the traditional entrepreneur with a mission to change the world for better.

Accepted Answer

A)  Contemporary entrepreneurship 
B)  Traditional entrepreneurship 
C)  Modern-day entrepreneurship 
D)  Social entrepreneurship 
E)  Conventional entrepreneurship 
A)  Contemporary entrepreneurship 
B)  Traditional entrepreneurship 
C)  Modern-day entrepreneurship 
D)  Social entrepreneurship 
E)  Conventional entrepreneurship

Question 5

Which of the following is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty?

Accepted Answer

A)  Tolerance for ambiguity 
B)  External locus of control 
C)  Need to achieve 
D)  Awareness of passing time 
E)  Internal locus of control 
A)  Tolerance for ambiguity 
B)  External locus of control 
C)  Need to achieve 
D)  Awareness of passing time 
E)  Internal locus of control

Question 6

Entrepreneurs in the _________category like the idea of working on something that is new, creative, or personally meaningful.

Accepted Answer

The answer of Entrepreneurs in the _________category like the idea...

Question 7

List the five stages of growth for an entrepreneurial company.

Accepted Answer

Start-up, survival,

Question 8

_________is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty.

Accepted Answer

Tolerance

Question 9

Which of the following is the most cited source of new business ideas?

Accepted Answer

A)  Brainstorming 
B)  In-depth understanding of industry/profession 
C)  A hobby 
D)  Copying someone else 
E)  None of these 
A)  Brainstorming 
B)  In-depth understanding of industry/profession 
C)  A hobby 
D)  Copying someone else 
E)  None of these

Question 10

An entrepreneur:

Accepted Answer

A)  assumes the risks of the business. 
B)  reaps the rewards of the business. 
C)  assumes the financial and legal risks of ownership. 
D)  recognizes a viable idea for a business product or service and carries it out. 
E)  all of these. 
A)  assumes the risks of the business. 
B)  reaps the rewards of the business. 
C)  assumes the financial and legal risks of ownership. 
D)  recognizes a viable idea for a business product or service and carries it out. 
E)  all of these.

Question 11

Vaughn Hager started his one-man consulting business under the name Hager Associates. The legal structure for the company can best be described as an:

Accepted Answer

A)  proprietorship. 
B)  partnership. 
C)  trade alliance. 
D)  corporation. 
E)  one man operation. 
A)  proprietorship. 
B)  partnership. 
C)  trade alliance. 
D)  corporation. 
E)  one man operation.

Question 12

Samuel Rohrer is providing consumers with a new, unique business. The stage of the growth where his business has demonstrated that it is a workable business entity is considered the:

Accepted Answer

A)  start-up stage. 
B)  survival stage. 
C)  success stage. 
D)  takeoff stage. 
E)  resource maturity stage. 
A)  start-up stage. 
B)  survival stage. 
C)  success stage. 
D)  takeoff stage. 
E)  resource maturity stage.

Question 13

Being interested in computers, Jose Cohata came up with an idea of personalizing the screen saver programs with family pictures. After trying a couple of programs, Jose started marketing this service to neighbors and area businesses. Jose's activities can be described as an________ .

Accepted Answer

A)  entrepreneurship 
B)  intrapreneurship 
C)  useless idea 
D)  large business 
E)  partnership 
A)  entrepreneurship 
B)  intrapreneurship 
C)  useless idea 
D)  large business 
E)  partnership

Question 14

Immigrants are more likely to start small businesses than native-born Americans.

Accepted Answer

A) True 
 B)False

By _________, an entrepreneur has the advantage to develop and design the business in his/her own way.

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a:

A human quality linked to entrepreneurship in which people are motivated to excel and pick situations in which success is likely is called the_________ .

________combines creativity, business smarts, passion, and hard work of the traditional entrepreneur with a mission to change the world for better.

Which of the following is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty?

Entrepreneurs in the _________category like the idea of working on something that is new, creative, or personally meaningful.

List the five stages of growth for an entrepreneurial company.

_________is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty.

Which of the following is the most cited source of new business ideas?

An entrepreneur:

Vaughn Hager started his one-man consulting business under the name Hager Associates. The legal structure for the company can best be described as an:

Samuel Rohrer is providing consumers with a new, unique business. The stage of the growth where his business has demonstrated that it is a workable business entity is considered the:

Being interested in computers, Jose Cohata came up with an idea of personalizing the screen saver programs with family pictures. After trying a couple of programs, Jose started marketing this service to neighbors and area businesses. Jose's activities can be described as an________ .

Immigrants are more likely to start small businesses than native-born Americans.

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 16: Managing Small Business Start-Ups

By _________, an entrepreneur has the advantage to develop and design the business in his/her own way.

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a:

A human quality linked to entrepreneurship in which people are motivated to excel and pick situations in which success is likely is called the_________ .

________combines creativity, business smarts, passion, and hard work of the traditional entrepreneur with a mission to change the world for better.

Which of the following is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty?

Entrepreneurs in the _________category like the idea of working on something that is new, creative, or personally meaningful.

List the five stages of growth for an entrepreneurial company.

_________is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty.

Which of the following is the most cited source of new business ideas?

An entrepreneur:

Vaughn Hager started his one-man consulting business under the name Hager Associates. The legal structure for the company can best be described as an:

Samuel Rohrer is providing consumers with a new, unique business. The stage of the growth where his business has demonstrated that it is a workable business entity is considered the:

Being interested in computers, Jose Cohata came up with an idea of personalizing the screen saver programs with family pictures. After trying a couple of programs, Jose started marketing this service to neighbors and area businesses. Jose's activities can be described as an________ .

Immigrants are more likely to start small businesses than native-born Americans.

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters