FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 7: Entrepreneurship and Starting a Small Business

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 81

Multiple Choice

Review LaterAdd Note

Review Later

Today,small business ventures are far more capable of expanding globally,with relatively minimal effort and cost because of:

A) the support received from government agencies.
B) the increased level of general business knowledge.
C) the many options that exist for how a small business can enter a global market.
D) web-based business applications.

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

Correct Answer

verified

Show Answer

Question 82

Multiple Choice

Review LaterAdd Note

Review Later

After working as a manager of a small business for several years,Connie has been offered a management position with a local charity.If she accepts the job offer,she is likely to find that:

A) nonprofit organizations are motivated by their desire to help people and so financial management is of little concern.
B) planning is less important to a nonprofit organization.
C) her previous experience will be of little value in her new position.
D) the principles of management are much the same regardless of the type of organization.

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

Correct Answer

verified

Show Answer

Question 83

True/False

Review LaterAdd Note

Large firms have a greater ability to provide personalized,fast response customer service than do small business organizations.

While entrepreneurs frequently earn significant profits for themselves,their impact on society is quite small.

As a prospective entrepreneur,Kathryn considered a variety of financing sources.Her discussions with a venture capitalist revealed that this type of investor expects to receive a significant ownership interest in her firm.

Corporate downsizing reduces the opportunities for home-based businesses.

Motivated by his desire to operate his own business,Caleb is considering the purchase of an existing business.As he carefully weights this option,he is likely to find that:

Successful entrepreneurs rely on others for direction and support.

The management of a nonprofit organization is much the same as the management of small and large businesses.

Sally Wright has just taken early retirement,including a substantial retirement allowance.She wishes to continue working and wants to invest her retirement allowance in her own small business,and feels comfortable doing so with an established product and process.She worked for the same employer in the same job all of her working career and therefore has no experience in running her own business.In starting her own business she would be well-advised to:

The only barrier preventing small businesses from exporting is insufficient knowledge of the opportunities available.

Which of the following would not be among the disadvantages of working for a small business?

All of the following are elements of a small business definition except that these firms:

Venture capitalists may ask for a large stake in a new business.

Angel investors are the government agencies that invest money in new companies before they go public.

Aside from personal savings,the only other viable source of financing for an entrepreneur would be funds available from friends and family.

One way that entrepreneurs can get ideas about new products and services is to ask what question?

Most of the world's market lies outside of Canada.

Raising funds through the collection of small contributions from the general public using the Internet and social media is known as crowdfunding.

Luis is a partner in a firm that specializes in producing vitamins and health food products.While the business is considered small by Canadian standards,he is attempting to persuade his partner to expand internationally.Luis would list all of the following as advantages of going international except :