Filters
Question type
Study Flashcards

A new business that sets up an) _____________ from the start is saving itself time and grief later.


A) angel investment network
B) good accounting system
C) detailed supplier network
D) vertical marketing system

E) None of the above
F) All of the above

Correct Answer

verifed

verified

Not everyone dreams of owning their own business.Identify and describe at least three attributes of successful entrepreneurs.

Correct Answer

verifed

verified

While students will likely identify mana...

View Answer

The SCORE Service Corps of Retired Executives)program,sponsored by the SBA,is designed to provide financial assistance to minorities and women.

A) True
B) False

Correct Answer

verifed

verified

Which of the following will not help your small business succeed?


A) Services you perform are easily replicated by larger companies,such as online banking
B) You provide a unique service that requires a significant amount of personal attention such as a service that provides in-home care for seniors
C) Investing in a franchise
D) Your product is not easily mass produced,like professional photography

E) A) and D)
F) B) and C)

Correct Answer

verifed

verified

Justin's favorite part of Introduction to Business class was marketing.As he brainstorms about starting a car detailing business,he recalls that it is important to:


A) open for business and start collecting information about what customers want.
B) find the most affordable location for the business.
C) only agree to serve a high-end market.
D) analyze the market before making the service available.

E) All of the above
F) C) and D)

Correct Answer

verifed

verified

Discuss the benefits exporting offers to small businesses.Given these benefits,why don't more small firms sell in international markets?

Correct Answer

verifed

verified

a.The world market is potentially a much...

View Answer

Luis is a partner in a firm that specializes in producing vitamins and health food products.While the business is considered small by U.S.standards,he is attempting to persuade his partner to expand internationally.Luis would list which of the following as an advantage of going global?


A) Exporting can help sell excess inventory
B) Marketing programs benefit from the cultural similarities in prospective markets
C) Financing can easily be obtained to expand internationally
D) Selling your products in other markets reduces their life cycle,making them more attractive

E) A) and D)
F) A) and B)

Correct Answer

verifed

verified

Enterprise zones offer lower tax rates and government assistance to attract private business investment.

A) True
B) False

Correct Answer

verifed

verified

Entrepreneurs seeking financial support from bankers and potential investors should:


A) be vague regarding their creative business plan to avoid having their idea stolen.
B) seek the bankers' and investors' assistance in developing their business plan.
C) create a detailed business plan to help the bankers and investors understand why this business will succeed.
D) ask for a relatively small amount of capital initially,postponing a full funding request until the investors better understand the business concept.

E) A) and C)
F) B) and D)

Correct Answer

verifed

verified

Creative people working as entrepreneurs within a large organization are called intrapreneurs.

A) True
B) False

Correct Answer

verifed

verified

After retiring as a telecommunications executive,Chad joined SCORE.As a SCORE counselor Chad will:


A) provide venture capital funds for aspiring small businesspeople.
B) visit high schools to advise students who are thinking about starting their own business.
C) help in the research and development of new products for entrepreneurs to market.
D) provide consulting services to small businesses for free.

E) A) and B)
F) B) and C)

Correct Answer

verifed

verified

After selling his software business for a sizeable profit,software engineer Gus Greene decided to try something different.He would become a general contractor on a large condo development in an upcoming area of Atlanta,Georgi A.He invested several million and then borrowed another $30 million or 75% of the project cost) from a lending institution.He based his borrowing risk on the assumption that the housing market would continue to appreciate for several years to come.As the housing market began a free-fall in early 2008 and continued into 2010,Gus saw his business crashing around him.Sales were very meager and the bank wanted its money back.Which of the following statements might best describe the reason Gus' business failed?


A) Although Gus took some risk,it wasn't enough.In business,it is "more risk,more expected reward!"
B) The bank let Gus down.It should not have lent him that much money.
C) He should have designated himself as a passive investor.Therefore,his investment would not be in jeopardy.
D) Gus went into the business with very little knowledge about the industry or the market.

E) A) and D)
F) B) and D)

Correct Answer

verifed

verified

Jake is an innovative engineering graduate who works for a large company that makes adhesive products for commercial and consumer use.One of his primary responsibilities is to initiate and develop new products to complement the firm's current product line.Jake's company is ___________.


A) intrapreneurial
B) entrepreneurial
C) an outside consultant for other firms
D) at a disadvantage because it is trying to operate like a small business

E) B) and C)
F) A) and D)

Correct Answer

verifed

verified

Most business opportunities offer entrepreneurs high levels of security and profits.

A) True
B) False

Correct Answer

verifed

verified

Successful entrepreneurs accept the risk of failure.

A) True
B) False

Correct Answer

verifed

verified

Historically entrepreneurs in the U.S.


A) created wealth for themselves,but have had a minor impact on the economy as a whole.
B) started many small firms that later became major corporations employing thousands of workers.
C) experienced success only when they worked in partnership with the federal government.
D) played an important role,but are less important now in creating jobs and wealth.

E) B) and D)
F) B) and C)

Correct Answer

verifed

verified

Enterprise zones and investor visas are examples of:


A) government policies that favor large corporations rather than small businesses.
B) government programs that encourage economic growth through entrepreneurship.
C) government policies designed to encourage intrapreneurs.
D) examples of private initiatives to reduce the government's role in the economy.

E) B) and D)
F) C) and D)

Correct Answer

verifed

verified

Located on Monsanto's world headquarters campus,the Nidus Center is a unique ___________ facility.The tenants are biotechnology companies who are at various stages of product development.The agricultural giant,Monsanto,the Danforth Foundation,Washington University St.Louis,St.Louis University,and several venture capital firms contribute seed money for these small start-up ventures that receive approval to further develop their ideas at the Nidus Center.


A) incubator
B) intrapreneurial
C) enterprise zone
D) micropreneurial

E) All of the above
F) A) and B)

Correct Answer

verifed

verified

An) ____________ is a valuable source of information regarding techniques to reduce a firm's exposure to risk.


A) insurance agent
B) accountant
C) liability assessor
D) union business agent

E) B) and D)
F) None of the above

Correct Answer

verifed

verified

Many micropreneurs operate home-based businesses in the service industry.

A) True
B) False

Correct Answer

verifed

verified

Showing 121 - 140 of 317

Related Exams

Exam 1

Taking Risks and Making Profits Within the Dynamic Business Environment

327 Questions

Exam 2

Understanding Economics and How It Affects Business

317 Questions

Exam 3

Doing Business in Global Markets

362 Questions

Exam 4

Demanding Ethical and Socially Responsible Behavior

276 Questions

Exam 5

How to Form a Business

352 Questions

Exam 7

Management and Leadership

293 Questions

Exam 8

Structuring Organizations for Todays Challenges

369 Questions

Exam 9

Production and Operations Management

329 Questions

Exam 10

Motivating Employees

387 Questions

Exam 11

Human Resource Management: Finding and Keeping the Best Employees

444 Questions

Exam 12

Dealing With Union and Employeemanagement Issues

320 Questions

Exam 13

Marketing: Helping Buyers Buy

255 Questions

Exam 14

Developing and Pricing Goods and Services

352 Questions

Exam 15

Distributing Products

316 Questions

Exam 16

Using Effective Promotions

285 Questions

Exam 17

Understanding Accounting and Financial Information

382 Questions

Exam 18

Financial Management

313 Questions

Exam 19

Using Securities Markets for Financing and Investing Opportunities

424 Questions

Exam 20

Money,financial Institutions,and the Federal Reserve

325 Questions

Exam 21

test Planning Table for Bonus Exam A

256 Questions

Exam 22

Using Technology to Manage Information

224 Questions

Exam 24

Managing Risk

155 Questions

Exam 25

Managing Personal Finances

264 Questions

Show Answer