Exam 1: Introduction and Overview

One study of successful entrepreneurs indicated that a majority felt that the most important factor in the long-term success of their ventures was:

"Fads" are:

You have the opportunity of making a $5,000 investment.The outcomes one year from now will be either $4,500 or $6,000 with an equal chance of either outcome occurring.What is the expected outcome?

Which one of the following possible conflicts of interest increases in divergence at venture gets close to bankruptcy?

Early-stage ventures include firms in their development,startup,orsurvival live cycle stages.

Which stage in the venture life cycle is characterized by creating and building value,obtaining additional financing,and examining opportunities?

Harry Dent documented major generation waves in the UnitedStates during the twentieth century in:

While one must be careful to avoid too many generalizations about entrepreneurial traits or characteristics,which one of the following characteristics would not normally be associated with successful entrepreneurs?

"E-commerce" refers to:

Mezzanine financing is associated with which one of the following life cycle stages:

About one-half of all newly created businesses in the U.S.are dissolved or cease operations within how many years after being started?

A venture's financial objective is to survive.

The financial objective of increasing value is inconsistent with developing positive character and reputation.

Assume that you can sell a new product at $5.00 per unit.Your variable costs are $3.00 per unit and you fixed costs are $20,000.What will be your profit before taxes if you sell 12,000 units next year?

Small businesses,those with less than 500 employees,represent over 99 percent of all employers,and account for about one-half of the gross domestic product in the United States.

The "time value of money" is an important component of the rent one pays for using someone else's financial capital.

Obtaining bank loan,issuing bonds,and issuing stock is characteristic of which type of financing during the venture's life cycle?

Assume that you can sell a new product at $5.00 per unit.Your variable costs are $3.00 per unit and you fixed costs are $20,000.What is your breakeven point in sales units?

The type of financing that occurs during the survival stage of a venture's life cycle is typically referred to as the:

Which of the following advise and assist corporations on the type,timing,and costs of issuing new debt and equity securities and facilitate the sale of firms?