Question 1

Financing a business you are starting from scratch is often easier than financing an existing business

Accepted Answer

A) True 
 B)False

Question 2

Compare and contrast lifestyle businesses with high-growth ventures.

Accepted Answer

The majority of small businesses are mod

Question 3

Which of the following is a major difference between banks and venture capitalists as categories of private financing?

Accepted Answer

A)  Unlike banks, which recruit investment specialists, venture capitalists are private investors without any specialized investment skills. 
B)  Unlike banks, which provide investment for high-risk businesses, venture capitalists won't lend money to a start-up that hasn't established a successful track record. 
C)  Unlike banks, which dont require collateral, venture capitalists provide investments only when an entrepreneur puts up marketable collateral. 
D)  Unlike banks, which only provide money, venture capitalists also provide management expertise. 
E)  Unlike banks, which are extremely focused and selective in giving loans, venture capitalists are less focused and provide loans to a large number of start-ups. 
A)  Unlike banks, which recruit investment specialists, venture capitalists are private investors without any specialized investment skills. 
B)  Unlike banks, which provide investment for high-risk businesses, venture capitalists won't lend money to a start-up that hasn't established a successful track record. 
C)  Unlike banks, which dont require collateral, venture capitalists provide investments only when an entrepreneur puts up marketable collateral. 
D)  Unlike banks, which only provide money, venture capitalists also provide management expertise. 
E)  Unlike banks, which are extremely focused and selective in giving loans, venture capitalists are less focused and provide loans to a large number of start-ups.

Question 4

Unlike a corporate board of directors,an advisory board has legal responsibilities.

Accepted Answer

A) True 
 B)False

Question 5

________ is a combination of private and public financing,in which an entrepreneur invites people to fund a share of a new business venture or a new product.

Accepted Answer

A)  Crowdfunding 
B)  Microlending 
C)  Angel investment 
D)  Business incubator 
E)  Threshold pledge system 
A)  Crowdfunding 
B)  Microlending 
C)  Angel investment 
D)  Business incubator 
E)  Threshold pledge system

Question 6

SCORE is an acronym for the Service Corps of Retired Entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 7

A business plan outlines that investors will be able to sell their investment through a public stock offering,or a buyback of the investors' interest.This is an example of which of the following elements of a business plan?

Accepted Answer

A)  start-up schedule 
B)  operations plan 
C)  exit strategy 
D)  marketing strategy 
E)  target market 
A)  start-up schedule 
B)  operations plan 
C)  exit strategy 
D)  marketing strategy 
E)  target market

Question 8

Which of the following statements is true about intrapreneurship?

Accepted Answer

A)  It increases bureaucracy and hinders innovation. 
B)  It refers to individuals who start new, independent businesses. 
C)  It refers to individuals who start a business by buying into a franchise system. 
D)  It involves working with tried-and-true methods. 
E)  It can be risky behavior that may or may not be rewarded. 
A)  It increases bureaucracy and hinders innovation. 
B)  It refers to individuals who start new, independent businesses. 
C)  It refers to individuals who start a business by buying into a franchise system. 
D)  It involves working with tried-and-true methods. 
E)  It can be risky behavior that may or may not be rewarded.

Question 9

TechPoint,a technical writing and business documentation firm,finds it difficult to handle its training requirements.The company forms a one-year contract with Impact Inc.,a language training firm,to conduct training and refresher courses for their employees.This is an example of ________.

Accepted Answer

A)  downsizing 
B)  outsourcing 
C)  vertical integration 
D)  market penetration 
E)  diversification 
A)  downsizing 
B)  outsourcing 
C)  vertical integration 
D)  market penetration 
E)  diversification

Question 10

What is a business plan? How is it different from an executive summary?

Accepted Answer

A business plan summarizes a proposed bu

Financing a business you are starting from scratch is often easier than financing an existing business

Compare and contrast lifestyle businesses with high-growth ventures.

Which of the following is a major difference between banks and venture capitalists as categories of private financing?

Unlike a corporate board of directors,an advisory board has legal responsibilities.

________ is a combination of private and public financing,in which an entrepreneur invites people to fund a share of a new business venture or a new product.

SCORE is an acronym for the Service Corps of Retired Entrepreneurs.

A business plan outlines that investors will be able to sell their investment through a public stock offering,or a buyback of the investors' interest.This is an example of which of the following elements of a business plan?

Which of the following statements is true about intrapreneurship?

TechPoint,a technical writing and business documentation firm,finds it difficult to handle its training requirements.The company forms a one-year contract with Impact Inc.,a language training firm,to conduct training and refresher courses for their employees.This is an example of ________.

What is a business plan? How is it different from an executive summary?

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Production Systems

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters

Exam 6: Entrepreneurship and Small Business Ownership

Financing a business you are starting from scratch is often easier than financing an existing business

Compare and contrast lifestyle businesses with high-growth ventures.

Which of the following is a major difference between banks and venture capitalists as categories of private financing?

Unlike a corporate board of directors,an advisory board has legal responsibilities.

________ is a combination of private and public financing,in which an entrepreneur invites people to fund a share of a new business venture or a new product.

SCORE is an acronym for the Service Corps of Retired Entrepreneurs.

A business plan outlines that investors will be able to sell their investment through a public stock offering,or a buyback of the investors' interest.This is an example of which of the following elements of a business plan?

Which of the following statements is true about intrapreneurship?

TechPoint,a technical writing and business documentation firm,finds it difficult to handle its training requirements.The company forms a one-year contract with Impact Inc.,a language training firm,to conduct training and refresher courses for their employees.This is an example of ________.

What is a business plan? How is it different from an executive summary?

Developing a Business Mindset

Understanding Basic Economics

The Global Marketplace

Business Ethics and Corporate Social Responsibility

Forms of Ownership

Management Roles, Functions, and Skills

Organization and Teamwork

Production Systems

Employee Motivation

Human Resources Management

Labor Relations

The Art and Science of Marketing

Product and Pricing Strategies

Distribution and Marketing Logistics

Customer Communication

Financial Information and Accounting Concepts

Financial Management

Financial Markets and Investment Strategies

The Money Supply and Banking Systems

Filters