Exam 6: Entrepreneurship and Small Business

Which of the following is a characteristic of the entrepreneurial personality?

Which of the following is the primary source of financing for all small business start-ups?

Jeff Arnold and Reggie Bradford created WebMD,an Internet provider of health care information.Early in the development of this high-growth company,Arnold attracted a group of investors who provided him with which of the following type of financing?

What are the two leading reasons that women start their own companies?

Pim Bouwman quit his lucrative job as a consultant to start a retail website that specializes in marketing Dutch tulip bulbs.He finds it very satisfying and believes that it will provide him with an adequate income.Bouwman is an example of which of type of entrepreneur?

A person who organizes,operates,and assumes the risk of a business venture in the hope of making a profit is called an entrepreneur.

Which of the following is the most common use of business plans?

Many small businesses wishing to operate overseas use the services of export management companies.

Small businesses tend to have greater flexibility than large businesses.

Michael Bronner made a killing in the direct marketing business as the cofounder and CEO of Bronner Slosberg Humphrey,a wildly successful direct-marketing company.His newest venture,Upromise Inc.,enlists some of America's largest corporations to help families pay for postsecondary education and is extremely successful.Entrepreneur Bonner would likely be described as which of the following?

Any company that has fewer than 15 employees is considered to be a small business-no matter who or what owns the company.

An advantage of a small manufacturer over a large manufacturer is the speed with which new products can be introduced to the marketplace.

The most common use of a business plan is to persuade lenders and investors to finance the venture.

Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss.When he read that people spend up to 15 minutes every day staring at a bathroom stall door,he decided there was real advertising potential in toilet advertising.Since he has his idea,what is Ghermizian's next step?

Which of the following represent international trade specialists who buy goods at a discount from small businesses and resell them abroad?

Which of the following is at the core of most business failures?

Estes Kennedy has decided that he will open a used bookstore as a sole proprietorship.His next step is to write which of the following before he applies for a business loan?

How are export management companies characterized?

In 1984,Suzanne Pogell wanted to learn to sail,but she could find no one to teach her.She finally convinced someone to teach her to sail,and after mastering sailing,she started an all-woman sailing school called Womanship.Pogell started small and plans to stay small.Which type of entrepreneur is Suzanne?

Marc Adler is the owner of Macquarium,a multimillion-dollar communications company that does everything from video productions to creating websites to public relations campaigns.Adler began this company when he could not find anyone in Hollywood who was willing to let him get into the movie making business.Adler is an example of which of the following?