Question 1

Which of the following statements about women-owned businesses is false?

Accepted Answer

A) The businesses women start tend to be smaller than those men start. 
B) Women own about 28 percent of all privately-held businesses in the U.S. 
C) The number of women-owned businesses is growing slower than the national average. 
D) Women-owned companies are far less likely to attract equity capital investments as those that men start. 
A) The businesses women start tend to be smaller than those men start. 
B) Women own about 28 percent of all privately-held businesses in the U.S. 
C) The number of women-owned businesses is growing slower than the national average. 
D) Women-owned companies are far less likely to attract equity capital investments as those that men start.

Question 2

Successful entrepreneurs recognize that their most valuable asset is their time, and they learn to manage it effectively to make themselves and their companies more productive; having passion about their businesses, products, and customers enables them to stay motivated.

Accepted Answer

A) True 
 B)False

Question 3

One study conducted by the Global Entrepreneurship Monitor (GEM)reports that nearly one in eight people in the United States is working to start a business.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is/are true regarding business plans?

Accepted Answer

A) Provide a pathway to success. 
B) Allow entrepreneurs to replace faulty assumptions with facts before making the decision to go into business. 
C) Create a benchmark against which entrepreneurs can measure actual company performance. 
D) All of the above 
A) Provide a pathway to success. 
B) Allow entrepreneurs to replace faulty assumptions with facts before making the decision to go into business. 
C) Create a benchmark against which entrepreneurs can measure actual company performance. 
D) All of the above

Question 5

Entrepreneurs tend to be overly ________ and commonly misjudge the ________ requirements of going into business.

Accepted Answer

A) optimistic; personal 
B) optimistic; financial 
C) pessimistic; financial 
D) optimistic; professional 
A) optimistic; personal 
B) optimistic; financial 
C) pessimistic; financial 
D) optimistic; professional

Question 6

Research shows that the top-performing ________ percent of small companies create 67 percent of the net new jobs in the economy.

Accepted Answer

A) 90 
B) 80 
C) 5 
D) 10 
A) 90 
B) 80 
C) 5 
D) 10

Question 7

Too many entrepreneurs start their business undercapitalized.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is a characteristic of copreneurs?

Accepted Answer

A) Mutual respect 
B) Complementary business skills 
C) A clear division of roles and authority 
D) All of the above 
A) Mutual respect 
B) Complementary business skills 
C) A clear division of roles and authority 
D) All of the above

Question 9

Ninety percent of businesses in the United States are family-owned and managed and account for 62 percent of total U.S. employment.

Accepted Answer

A) True 
 B)False

Question 10

Women in business still experience ________ as they attempt to break the "glass ceiling."

Accepted Answer

A) success 
B) opportunities 
C) discrimination 
D) ease of navigation 
A) success 
B) opportunities 
C) discrimination 
D) ease of navigation

Question 11

Within five years, ________ percent of new businesses will fail.

Accepted Answer

A) 21 
B) 45 
C) 52 
D) 65 
A) 21 
B) 45 
C) 52 
D) 65

Question 12

Serial entrepreneurs repeatedly start businesses and grow them to a sustainable size before striking out again.

Accepted Answer

A) True 
 B)False

Question 13

If an entrepreneur has a good enough product or service to sell, a business plan is not really necessary since the product or service will sell itself.

Accepted Answer

A) True 
 B)False

Question 14

Discuss the role that the following groups are playing in leading the ongoing surge in entrepreneurial activity:
∙ women
∙ minorities
∙ immigrants
∙ part-time entrepreneurs
∙ home-based entrepreneurs
∙ family businesses
∙ copreneurs
∙ corporate castoffs
∙ corporate dropouts

Accepted Answer

Women often face discrimination in the w

Question 15

Women play a minor role in the entrepreneurial arena.

Accepted Answer

A) True 
 B)False

Question 16

Describe the factors that are driving the current entrepreneurial trend in the U.S. economy.

Accepted Answer

∙ A more positive attitude toward entrep

Question 17

Corporate downsizing has spawned a generation of entrepreneurs known as "corporate castoffs."

Accepted Answer

A) True 
 B)False

Question 18

One advantage of being your own boss and owning a small business is that work hours are very flexible and leisure time is abundant.

Accepted Answer

A) True 
 B)False

Question 19

Small companies that operate globally from their inception are referred to as ________.

Accepted Answer

A) micromultinationals 
B) intrapreneurial ventures 
C) global companies 
D) international companies 
A) micromultinationals 
B) intrapreneurial ventures 
C) global companies 
D) international companies

Question 20

In addition to the opportunity to create their own destiny and enjoy what they do, entrepreneurs also benefit from the ability to ________.

Accepted Answer

A) earn tremendous wealth without risk and uncertainty 
B) make a difference in an area important to them and be recognized for those efforts 
C) create wealth without providing true value 
D) exploit the opportunities that the free enterprise system offers 
A) earn tremendous wealth without risk and uncertainty 
B) make a difference in an area important to them and be recognized for those efforts 
C) create wealth without providing true value 
D) exploit the opportunities that the free enterprise system offers

Which of the following statements about women-owned businesses is false?

Successful entrepreneurs recognize that their most valuable asset is their time, and they learn to manage it effectively to make themselves and their companies more productive; having passion about their businesses, products, and customers enables them to stay motivated.

One study conducted by the Global Entrepreneurship Monitor (GEM)reports that nearly one in eight people in the United States is working to start a business.

Which of the following is/are true regarding business plans?

Entrepreneurs tend to be overly and commonly misjudge the requirements of going into business.

Research shows that the top-performing ________ percent of small companies create 67 percent of the net new jobs in the economy.

Too many entrepreneurs start their business undercapitalized.

Which of the following is a characteristic of copreneurs?

Ninety percent of businesses in the United States are family-owned and managed and account for 62 percent of total U.S. employment.

Women in business still experience ________ as they attempt to break the "glass ceiling."

Within five years, ________ percent of new businesses will fail.

Serial entrepreneurs repeatedly start businesses and grow them to a sustainable size before striking out again.

If an entrepreneur has a good enough product or service to sell, a business plan is not really necessary since the product or service will sell itself.

Discuss the role that the following groups are playing in leading the ongoing surge in entrepreneurial activity: ∙ women ∙ minorities ∙ immigrants ∙ part-time entrepreneurs ∙ home-based entrepreneurs ∙ family businesses ∙ copreneurs ∙ corporate castoffs ∙ corporate dropouts

Women play a minor role in the entrepreneurial arena.

Describe the factors that are driving the current entrepreneurial trend in the U.S. economy.

Corporate downsizing has spawned a generation of entrepreneurs known as "corporate castoffs."

One advantage of being your own boss and owning a small business is that work hours are very flexible and leisure time is abundant.

Small companies that operate globally from their inception are referred to as ________.

In addition to the opportunity to create their own destiny and enjoy what they do, entrepreneurs also benefit from the ability to ________.

Ethics and Social Responsibility: Doing the Right Thing

Creativity and Innovation: Keys to Entrepreneurial Success

Conducting a Feasibility Analysis and Designing a Business Model

Crafting a Business Plan and Building a Solid Strategic Plan

Forms of Business Ownership

Buying an Existing Business

Franchising and the Entrepreneur

Building a Powerful Bootstrap Marketing Plan

E-Commerce and the Entrepreneur

Pricing and Credit Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Choosing the Right Location and Layout

Sources of Financing: Equity and Debt

Global Aspects of Entrepreneurship

Building a New Venture Team and Planning for the Next Generation

Filters

Exam 1: The Foundations of Entrepreneurship

Which of the following statements about women-owned businesses is false?

Successful entrepreneurs recognize that their most valuable asset is their time, and they learn to manage it effectively to make themselves and their companies more productive; having passion about their businesses, products, and customers enables them to stay motivated.

One study conducted by the Global Entrepreneurship Monitor (GEM)reports that nearly one in eight people in the United States is working to start a business.

Which of the following is/are true regarding business plans?

Entrepreneurs tend to be overly ________ and commonly misjudge the ________ requirements of going into business.

Research shows that the top-performing ________ percent of small companies create 67 percent of the net new jobs in the economy.

Too many entrepreneurs start their business undercapitalized.

Which of the following is a characteristic of copreneurs?

Ninety percent of businesses in the United States are family-owned and managed and account for 62 percent of total U.S. employment.

Women in business still experience ________ as they attempt to break the "glass ceiling."

Within five years, ________ percent of new businesses will fail.

Serial entrepreneurs repeatedly start businesses and grow them to a sustainable size before striking out again.

If an entrepreneur has a good enough product or service to sell, a business plan is not really necessary since the product or service will sell itself.

Discuss the role that the following groups are playing in leading the ongoing surge in entrepreneurial activity: ∙ women ∙ minorities ∙ immigrants ∙ part-time entrepreneurs ∙ home-based entrepreneurs ∙ family businesses ∙ copreneurs ∙ corporate castoffs ∙ corporate dropouts

Women play a minor role in the entrepreneurial arena.

Describe the factors that are driving the current entrepreneurial trend in the U.S. economy.

Corporate downsizing has spawned a generation of entrepreneurs known as "corporate castoffs."

One advantage of being your own boss and owning a small business is that work hours are very flexible and leisure time is abundant.

Small companies that operate globally from their inception are referred to as ________.

In addition to the opportunity to create their own destiny and enjoy what they do, entrepreneurs also benefit from the ability to ________.

Ethics and Social Responsibility: Doing the Right Thing

Creativity and Innovation: Keys to Entrepreneurial Success

Conducting a Feasibility Analysis and Designing a Business Model

Crafting a Business Plan and Building a Solid Strategic Plan

Forms of Business Ownership

Buying an Existing Business

Franchising and the Entrepreneur

Building a Powerful Bootstrap Marketing Plan

E-Commerce and the Entrepreneur

Pricing and Credit Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Choosing the Right Location and Layout

Sources of Financing: Equity and Debt

Global Aspects of Entrepreneurship

Building a New Venture Team and Planning for the Next Generation

Filters

Entrepreneurs tend to be overly and commonly misjudge the requirements of going into business.