Exam 6: Entrepreneurship and Starting a Small Business

Due to the credit crunch that developed during the Great Recession, many small businesses found that ________ were more willing to lend money to smaller operations.

Studies show that seniority is the most important criterion when selecting employees for promotion to management positions.

One of the hurdles small businesses face when deciding to export is

Which of the following employment statistics about small businesses is true?

Mohamed's four employees have been with him since he opened Employment Experts, Inc., nearly a decade ago. As he anticipates staffing his new branch office, he decides none of these four long-time employees are ready to manage the office. Faced with this difficult situation, what should Mohamed do?

Grant received an e-mail stating that HE COULD EARN THOUSANDS!!!! just working a few hours from home. Most likely Grant's e-mail was a work-at-home scam.

When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will

Ryan was called by one of his regular customers asking if he had time to repair some broken sprinkler heads on that customer's underground sprinkling system. Although it was already 6:00 p.m. and he already put in a full day of work, he turned his car around and headed for the customer's house. As a small business owner, Ryan demonstrates

Which of the following U.S. issues does entrepreneurship most directly affect?

Many businesses started by entrepreneurs have grown into major corporations employing thousands of workers.

Potential entrepreneurs would be well advised to surround themselves with people who are smarter than they are.

To be successful, entrepreneurs are dependent on the support of others for encouragement.

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

Amir hopes to start his own business someday. He should not talk to other small business owners about his plans because they might steal his ideas.

While the first job for many people is working for a small business, larger corporations create most of the permanent new jobs.

Small businesses often have advantages in international markets. Which best describes one those advantages?

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

Venture capitalists provide funds for small businesses as part of their philanthropy programs.

Most entrepreneurs get the ideas for their products and services from a flash of inspiration.

Which of the following government agencies is responsible for encouraging the development of small business?