Question 1

An unincorporated business owned by an individual for profit is known as a(n) ____________________.

Accepted Answer

The answer of An unincorporated business owned by an individual...

Question 2

The majority of owners of new businesses work

Accepted Answer

A)  between 40 and 50 hours per week. 
B)  less than 40 hours per week. 
C)  more than 60 hours per week. 
D)  more than 75 hours per week. 
E)  more than 90 hours per week. 
A)  between 40 and 50 hours per week. 
B)  less than 40 hours per week. 
C)  more than 60 hours per week. 
D)  more than 75 hours per week. 
E)  more than 90 hours per week.

Question 3

Which of the following is NOT an appropriate legal structure for an entrepreneurial company?

Accepted Answer

A)  Proprietorship 
B)  Corporation 
C)  Partnership 
D)  Trade alliance 
E)  All of these are appropriate legal structures for an entrepreneurial company. 
A)  Proprietorship 
B)  Corporation 
C)  Partnership 
D)  Trade alliance 
E)  All of these are appropriate legal structures for an entrepreneurial company.

Question 4

Entrepreneurship and small business in the United States is an engine for job creation and innovation.

Accepted Answer

A) True 
 B)False

Question 5

Name and describe the five different categories of small business owners.

Accepted Answer

The five categories are idealists, optim

Question 6

All of these are entrepreneurial characteristics EXCEPT

Accepted Answer

A)  self-confidence. 
B)  tolerance for ambiguity. 
C)  external locus of control. 
D)  high energy level. 
E)  awareness of passing time. 
A)  self-confidence. 
B)  tolerance for ambiguity. 
C)  external locus of control. 
D)  high energy level. 
E)  awareness of passing time.

Question 7

____________________ financing consists of funds that are invested in exchange for ownership in the company.

Accepted Answer

The answer of ____________________ financing consists of funds that are...

Question 8

A(n) ____________________ locus of control is the belief by individuals that their future is within their control.

Accepted Answer

The answer of A(n) ____________________ locus of control is the...

Question 9

If a small business owner enjoys the chance to balance work and personal life, he would be considered a(n)

Accepted Answer

A)  idealist. 
B)  optimizer. 
C)  hard worker. 
D)  juggler. 
E)  sustainer. 
A)  idealist. 
B)  optimizer. 
C)  hard worker. 
D)  juggler. 
E)  sustainer.

Question 10

Marion is an entrepreneur. At this stage of his company's growth, his main concerns are do we have enough customers and money. What stage of growth is Marion's company in?

Accepted Answer

A)  Start-up 
B)  Survival 
C)  Takeoff 
D)  Resource maturity 
E)  Success 
A)  Start-up 
B)  Survival 
C)  Takeoff 
D)  Resource maturity 
E)  Success

Question 11

At which stage of growth is the company if it is solidly based and profitable?

Accepted Answer

A)  Resource maturity 
B)  Takeoff 
C)  Survival 
D)  Success 
E)  Existence 
A)  Resource maturity 
B)  Takeoff 
C)  Survival 
D)  Success 
E)  Existence

Question 12

What is the primary goal of the social entrepreneur?

Accepted Answer

A)  maximizing profits 
B)  improving society 
C)  reaching social circles 
D)  finding funding 
E)  writing grants 
A)  maximizing profits 
B)  improving society 
C)  reaching social circles 
D)  finding funding 
E)  writing grants

Question 13

____________________ firms are groups of companies or individuals that invest money in exchange for a stake in the company.

Accepted Answer

The answer of ____________________ firms are groups of companies or...

Question 14

Which of the following is an unincorporated business owned by two or more?

Accepted Answer

A)  A partnership 
B)  A proprietorship 
C)  A corporation 
D)  An association 
E)  A trade alliance 
A)  A partnership 
B)  A proprietorship 
C)  A corporation 
D)  An association 
E)  A trade alliance

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Define a corporation and briefly discuss the primary advantages and disadvantages of forming a corporation.

Accepted Answer

A corporation is a business form that is

Question 17

A group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits is known as

Accepted Answer

A)  an equity financing firm. 
B)  franchising. 
C)  a venture capital firm. 
D)  a corporation. 
E)  a trade alliance. 
A)  an equity financing firm. 
B)  franchising. 
C)  a venture capital firm. 
D)  a corporation. 
E)  a trade alliance.

Question 18

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

Accepted Answer

A)  Resource maturity 
B)  Takeoff 
C)  Survival 
D)  Success 
E)  Existence 
A)  Resource maturity 
B)  Takeoff 
C)  Survival 
D)  Success 
E)  Existence

Question 19

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

Accepted Answer

A business incubator is an innovation th

Question 20

The belief by individuals that their future is not within their control, but rather is influenced by some external force is considered

Accepted Answer

A)  an external locus of control. 
B)  an internal locus of control. 
C)  a result of a need to achieve. 
D)  a tolerance for ambiguity. 
E)  a result of a boost of self-confidence. 
A)  an external locus of control. 
B)  an internal locus of control. 
C)  a result of a need to achieve. 
D)  a tolerance for ambiguity. 
E)  a result of a boost of self-confidence.

An unincorporated business owned by an individual for profit is known as a(n) ____________________.

The majority of owners of new businesses work

Which of the following is NOT an appropriate legal structure for an entrepreneurial company?

Entrepreneurship and small business in the United States is an engine for job creation and innovation.

Name and describe the five different categories of small business owners.

All of these are entrepreneurial characteristics EXCEPT

____________________ financing consists of funds that are invested in exchange for ownership in the company.

A(n) ____________________ locus of control is the belief by individuals that their future is within their control.

If a small business owner enjoys the chance to balance work and personal life, he would be considered a(n)

Marion is an entrepreneur. At this stage of his company's growth, his main concerns are do we have enough customers and money. What stage of growth is Marion's company in?

At which stage of growth is the company if it is solidly based and profitable?

What is the primary goal of the social entrepreneur?

____________________ firms are groups of companies or individuals that invest money in exchange for a stake in the company.

Which of the following is an unincorporated business owned by two or more?

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

Define a corporation and briefly discuss the primary advantages and disadvantages of forming a corporation.

A group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits is known as

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

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

The belief by individuals that their future is not within their control, but rather is influenced by some external force is considered

Innovative Management for Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

Filters

Exam 20: Managing Small Business Start-Ups

An unincorporated business owned by an individual for profit is known as a(n) ____________________.

The majority of owners of new businesses work

Which of the following is NOT an appropriate legal structure for an entrepreneurial company?

Entrepreneurship and small business in the United States is an engine for job creation and innovation.

Name and describe the five different categories of small business owners.

All of these are entrepreneurial characteristics EXCEPT

____________________ financing consists of funds that are invested in exchange for ownership in the company.

A(n) ____________________ locus of control is the belief by individuals that their future is within their control.

If a small business owner enjoys the chance to balance work and personal life, he would be considered a(n)

Marion is an entrepreneur. At this stage of his company's growth, his main concerns are do we have enough customers and money. What stage of growth is Marion's company in?

At which stage of growth is the company if it is solidly based and profitable?

What is the primary goal of the social entrepreneur?

____________________ firms are groups of companies or individuals that invest money in exchange for a stake in the company.

Which of the following is an unincorporated business owned by two or more?

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

Define a corporation and briefly discuss the primary advantages and disadvantages of forming a corporation.

A group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits is known as

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

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

The belief by individuals that their future is not within their control, but rather is influenced by some external force is considered

Innovative Management for Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

Filters