Exam 3: Entrepreneurship, New Ventures, and Business Ownership

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A group of small investors who invest money in companies in return for partial ownership is known as a small-business development company.

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Which of the following represents the fastest-growing segment of minority business ownership?

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The number of minority-owned businesses has decreased in recent years.

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Which of the following is a unique feature of a multinational corporation?

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What term is most closely associated with the pursuit of entrepreneurship with the goal of independence from working for someone else with a reasonable degree of financial security?

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What resources does a sole proprietorship primarily depend on?

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Which of the following is the MOST significant recent trend in small-business start-ups?

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Most institutional investors are large investors, who purchase shares of an organization through

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Which of the following helps entrepreneurs gain skills that are essential for running a business?

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A business plan demonstrates how an entrepreneur's business strategy will be implemented.

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Corporations enjoy significant tax benefits when compared to sole proprietorships or partnerships.

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Describe three disadvantages of operating a business as a sole proprietorship.

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What type of partnership allows an organization to sell shares of the partnership to investors on a public market?

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What does a start-up company need in order to estimate the required size of a plant, store, or office, inventory levels, and size of staff?

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Which key element of a business plan will determine inventory, size of space required, and number of employees needed?

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What is the term for the profits that are distributed to all owners of a corporation?

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What is first mover advantage?

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What type of business has two or more owners who share in the operation of the firm and are financially responsible for its debts?

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Discuss the difference among a divestiture, a merger and acquisition, and a spin-off.

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Which distinctive competency must an entrepreneur identify when attempting to enter an established market?

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