Exam 1: The Foundations of Entrepreneurship
Exam 1: The Foundations of Entrepreneurship124 Questions
Exam 2: Inside the Entrepreneurial Mind: From Ideas to Reality129 Questions
Exam 3: Designing a Competitive Business Model and Building a Solid Strategic Plan122 Questions
Exam 4: Conducting a Feasibility Analysis and Crafting a Winning Business Plan152 Questions
Exam 5: Forms of Business Ownership105 Questions
Exam 6: Franchising and the Entrepreneur65 Questions
Exam 7: Buying an Existing Business140 Questions
Exam 8: Building a Powerful Marketing Plan136 Questions
Exam 9: E-Commerce and the Entrepreneur134 Questions
Exam 10: Pricing Strategies109 Questions
Exam 11: Creating a Successful Financial Plan136 Questions
Exam 12: Managing Cash Flow140 Questions
Exam 13: Sources of Financing: Debt and Equity216 Questions
Exam 14: Choosing the Right Location and Layout196 Questions
Exam 15: Global Opportunities119 Questions
Exam 16: Building a Team and Management Succession155 Questions
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Entrepreneurs that use their skills to create a profitable business that is designed to achieve social and environmental goals for the common good are known as:
(Multiple Choice)
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The lifeblood of the "brick and mortar" small business sales is influenced heavily by choice of location.
(True/False)
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In addition to the opportunity to create their own destiny and enjoy what they do,entrepreneurs also benefit from the ability to:
(Multiple Choice)
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Entrepreneurs who repeatedly start businesses and grow to a sustainable size before striking out again are known as ________ entrepreneurs.
(Multiple Choice)
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Entrepreneurs tend to be overly ________ and commonly misjudge the ________ requirements of going into business.
(Multiple Choice)
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Which of the following statements is not true regarding the diversity of entrepreneurs?
(Multiple Choice)
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One advantage of being your own boss and owning a small business is that work hours are very flexible and leisure time is abundant.
(True/False)
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To boost sales,small businesses,especially start-ups,should grant credit to anyone who wants to buy their products or services.
(True/False)
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Approximately ________ percent of corporate managers who are "cast off" as companies downsize become entrepreneurs.
(Multiple Choice)
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Although about 83 percent of women-owned companies are concentrated in the retailing and service sectors,female entrepreneurs are branching out rapidly into previously male-dominated industries.
(True/False)
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Family-owned and managed businesses account for 78 percent of all new jobs.
(True/False)
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Describe the small business failure rate.What are the primary causes of business failures,and what steps can an entrepreneur take to avoid becoming a business failure statistic?
(Essay)
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As an entrepreneur,you are always working for someone else your customers.
(True/False)
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David Birch describes small companies growing at 20 percent or more per year with at least $100,000 in annual sales that create 70 percent of the net new jobs in the economy as:
(Multiple Choice)
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Large companies create significantly more innovations per research and development dollar spent than small firms.
(True/False)
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What percentage of companies in the U.S.are considered "small"?
(Multiple Choice)
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"Copreneurs" represent one of the fastest growing business sectors and are defined as:
(Multiple Choice)
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Members of Generation X no longer see launching a business as being a risky career path.
(True/False)
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