Exam 5: Entrepreneurship: Starting and Managing Your Own Business

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Multipreneurs are businesspeople who have tried a succession of entrepreneurial start-ups without finding an area in which they could be successful.

(True/False)

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Question 101

Kirby Frigo has opened a dog grooming business.Frigo, like other small business owners, probably will experience:

(Multiple Choice)

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Question 102

One of the biggest advantages that a small business has over a large business is a greater ability to serve specialized markets.

(True/False)

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Question 103

The difference between small business owners and entrepreneurs is that small business owners:

(Multiple Choice)

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Question 104

One form of business ownership involves _____, a form of business financing consisting of funds raised through the sale of stock.

(Short Answer)

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Question 105

_____ are entrepreneurs who apply their creativity, vision, and risk taking within a large corporation rather than starting a company of their own.They enjoy a high degree of autonomy while receiving a regular salary and financial backing from their employer.

(Multiple Choice)

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Question 106

_____ are individual investors or groups of experienced investors who provide funding for start-up businesses.

(Short Answer)

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Question 107

A positive aspect of opening a small business is that it takes very little management skill because it is small.

(True/False)

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Question 108

Micropreneurs are entrepreneurs who start small and plan to stay small.

(True/False)

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Question 109

Michael Bronner made a killing in the direct marketing business as the cofounder and CEO of Bronner Slosberg Humphrey, a wildly successful direct-marketing firm.His newest venture, Upromise Inc., enlists some of America's largest corporations to help families pay for college and is extremely successful.The 40-year-old Bronner will more than likely start at least one more new company before he retires because Bonner is a(n):

(Multiple Choice)

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Question 110

The Small Business Administration (SBA) assists small businesses by providing advice in management and financial matters.

(True/False)

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Question 111

It is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense.

(True/False)

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Question 112

The _____ is an agency of the federal government that offers both managerial and financial assistance to small businesses.

(Multiple Choice)

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Question 113

Businesses close down for many reasons.Which of the following is NOT a typical reason for a business failure?

(Multiple Choice)

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Question 114

Showing 101 - 114 of 114

Multipreneurs are businesspeople who have tried a succession of entrepreneurial start-ups without finding an area in which they could be successful.

Kirby Frigo has opened a dog grooming business.Frigo, like other small business owners, probably will experience:

One of the biggest advantages that a small business has over a large business is a greater ability to serve specialized markets.

The difference between small business owners and entrepreneurs is that small business owners:

One form of business ownership involves _____, a form of business financing consisting of funds raised through the sale of stock.

_____ are entrepreneurs who apply their creativity, vision, and risk taking within a large corporation rather than starting a company of their own.They enjoy a high degree of autonomy while receiving a regular salary and financial backing from their employer.

_____ are individual investors or groups of experienced investors who provide funding for start-up businesses.

A positive aspect of opening a small business is that it takes very little management skill because it is small.

Micropreneurs are entrepreneurs who start small and plan to stay small.

The Small Business Administration (SBA) assists small businesses by providing advice in management and financial matters.

It is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense.

The _____ is an agency of the federal government that offers both managerial and financial assistance to small businesses.

Businesses close down for many reasons.Which of the following is NOT a typical reason for a business failure?

Understanding Economic Systems and Business

Making Ethical Decisions and Managing a Socially Responsible Business

Competing in the Global Marketplace

Forms of Business Ownership

Management and Leadership in Todays Organizations

Designing Organizational Structures

Managing Human Resources and Labor Relations

Motivating Employees

Achieving World-Class Operations Management

Creating Products and Pricing Strategies to Meet Customers Needs

Distributing and Promoting Products and Services

Using Technology to Manage Information

Using Financial Information and Accounting

Understanding Money and Financial Institutions

Understanding Financial Management and Securities Markets

Your Career in Business

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