Exam 6: Entrepreneurship and Small Business

Marc Adler is the owner of Macquarium,a multimillion-dollar communications company that does everything from video productions to creating websites to public relations campaigns.Adler began this company when he could not find anyone in Hollywood who was willing to let him get into the movie making business.Adler is an example of which of the following?

Which of the following does the Business Development Bank of Canada offer?

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 postsecondary education and is extremely successful.Entrepreneur Bonner would likely be described as which of the following?

Entrepreneurs are less likely to accept the status quo and generally take a longer-term view than small-business owners.

Many classic entrepreneurs who start small and plan to keep their business small are described as which of the following?

What is one way to ease the burden of managing a business?

Edie Lopez is opening a catering because,as an entrepreneur,she will enjoy which of the following?

A small business owner who uses ____________________ to finance his or her venture is using borrowed funds that must be repaid with interest over a stated period of time.

What is the difference between the small business owner and the entrepreneur?

One you have decided to go into business for yourself,what are the three ways that you can acquire the business?

What are the two leading reasons that women start their own firms?

Emily Millou is planning to open a bed and breakfast inn.To borrow money from the bank,she should prepare a ____________________,a formal,written plan that discloses details about her product,markets,competition,and financial status.

List three advantages that small businesses have over larger,more complex companies.

Jeff Arnold and Reggie Bradford created WebMD,an Internet provider of health care information.Early in the development of this high-growth company,Arnold and Bradford attracted a group of investors who provided them with money needed to acquire other Internet companies with similar missions.What is the investment group called?

The first step in starting your own business is the creation of a unique marketable idea.

The Business Development Bank of Canada provides which of the following services?

One of the most common reasons for business failures is lack of experience.

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

Retail stores are the most popular category of small businesses.

Which of the following are entrepreneurs who start a series of companies?