Question 1

The history of  ____________________  and of the development of new businesses is in many ways the history of great wealth and of great failure.

Accepted Answer

The answer of The history of  ____________________  and of the...

Question 2

An ____________________ is someone who puts her   own resources on the line  and takes a personal stake in the success or failure of the company.

Accepted Answer

The answer of An ____________________ is someone who puts her...

Question 3

In which of the following industries are small businesses typically poorer performers than large businesses?

Accepted Answer

A)  Construction 
B)  Manufacturing 
C)  Service 
D)  Retailing 
E)  Transportation 
A)  Construction 
B)  Manufacturing 
C)  Service 
D)  Retailing 
E)  Transportation

Question 4

Jane's Candy Shack has ineffective advertising. Where should she go for help with a promotion program?

Accepted Answer

A)  Active Corps of Executives (AC
E)  
B)  National Federation of Independent Businesses (NFI
B)  
C)  Small Business Development Center (SBD
C)  
D)  Small Business Institute (SBI) 
E)  Service Corps of Retired Executives (SCOR
E)  
A)  Active Corps of Executives (AC
E)  
B)  National Federation of Independent Businesses (NFI
B)  
C)  Small Business Development Center (SBD
C)  
D)  Small Business Institute (SBI) 
E)  Service Corps of Retired Executives (SCOR
E)

Question 5

In which of the following areas of retailing are small businesses most likely to create jobs through success?

Accepted Answer

A)  Gas station 
B)  Creating organic health products 
C)  General hardware 
D)  Department store 
E)  Factory outlet 
A)  Gas station 
B)  Creating organic health products 
C)  General hardware 
D)  Department store 
E)  Factory outlet

Question 6

Minorities and women are starting ____________________ small businesses than in the past.

Accepted Answer

The answer of Minorities and women are starting ____________________ small...

Question 7

Jane's Candy Shack is in danger of failing. She needs much consulting help, but she has limited financial resources. She contacts the SBA. She most likely will get help from the

Accepted Answer

A)  Federal Trade Commission (FT
C) . 
B)  Small Business Administration (SB
A) . 
C)  Service Corps of Retired Executives (SCOR
E) . 
D)  Active Corps of Executives (AC
E) . 
E)  Small Business Development Center (SBD
C) . 
A)  Federal Trade Commission (FT
C) . 
B)  Small Business Administration (SB
A) . 
C)  Service Corps of Retired Executives (SCOR
E) . 
D)  Active Corps of Executives (AC
E) . 
E)  Small Business Development Center (SBD
C) .

Question 8

History has shown that major innovations are as likely to come from small businesses (or individuals) as from big businesses.

Accepted Answer

A) True 
 B)False

Question 9

An entrepreneur does all of the following EXCEPT

Accepted Answer

A)  organize. 
B)  plan. 
C)  hire professional managers. 
D)  assume risk. 
E)  operate. 
A)  organize. 
B)  plan. 
C)  hire professional managers. 
D)  assume risk. 
E)  operate.

Question 10

Jane's Candy Shack was a quaint shop, in a small town, with high end items that never attracted many customers. Its failure was probably attributable to failure to

Accepted Answer

A)  do market research. 
B)  pay decent wages. 
C)  raise enough capital. 
D)  contact the SBIC. 
E)  hire a consultant. 
A)  do market research. 
B)  pay decent wages. 
C)  raise enough capital. 
D)  contact the SBIC. 
E)  hire a consultant.

Question 11

Which activity in developing a business plan is the most important?

Accepted Answer

A)  Choosing a business location 
B)  Researching the market 
C)  Choosing a product mix 
D)  Developing a production plan 
E)  Developing an organization chart 
A)  Choosing a business location 
B)  Researching the market 
C)  Choosing a product mix 
D)  Developing a production plan 
E)  Developing an organization chart

Question 12

Describe the entrepreneurship process.

Accepted Answer

The entrepreneurship process involves id

Question 13

List and briefly describe the four programs available from the SBA that are designed to help small business operators gain access to management expertise. What is the SBA's other primary function?

Accepted Answer

The Small Business Administration (SBA)

Question 14

Women tend to start their own businesses because they really like being their own bosses.

Accepted Answer

A) True 
 B)False

Question 15

New businesses need six to twelve months of capital before they launch.

Accepted Answer

A) True 
 B)False

Question 16

Briefly describe industries in which small businesses seem to be most effective and why this seems to be the case. In what area are small businesses least successful in comparison to large businesses?

Accepted Answer

Small businesses seem to be most effecti

Question 17

Large businesses are more likely to succeed in the manufacturing industry than small businesses due to

Accepted Answer

A)  the principle of synergy. 
B)  economies of scale. 
C)  divesting. 
D)  the need for minimal start-up resources. 
E)  proven business plans. 
A)  the principle of synergy. 
B)  economies of scale. 
C)  divesting. 
D)  the need for minimal start-up resources. 
E)  proven business plans.

Question 18

An entrepreneur looking to enter the manufacturing industry is more likely to fail due to

Accepted Answer

A)  size of initial capital investment. 
B)  economies of scale. 
C)  labor requirements. 
D)  market saturation. 
E)  all of these choices. 
A)  size of initial capital investment. 
B)  economies of scale. 
C)  labor requirements. 
D)  market saturation. 
E)  all of these choices.

Question 19

Getting into business today is easier and faster than ever before and there are many more potential opportunities than at any other time in history.

Accepted Answer

A) True 
 B)False

Question 20

The distinctive competencies of small business usually fall into three areas: the ability to identify new niches in established markets, the ability to identify new markets, and the ability to move ____________________.

Accepted Answer

quickly to

The history of ____________________ and of the development of new businesses is in many ways the history of great wealth and of great failure.

An ____________________ is someone who puts her own resources on the line and takes a personal stake in the success or failure of the company.

In which of the following industries are small businesses typically poorer performers than large businesses?

Jane's Candy Shack has ineffective advertising. Where should she go for help with a promotion program?

In which of the following areas of retailing are small businesses most likely to create jobs through success?

Minorities and women are starting ____________________ small businesses than in the past.

Jane's Candy Shack is in danger of failing. She needs much consulting help, but she has limited financial resources. She contacts the SBA. She most likely will get help from the

History has shown that major innovations are as likely to come from small businesses (or individuals) as from big businesses.

An entrepreneur does all of the following EXCEPT

Jane's Candy Shack was a quaint shop, in a small town, with high end items that never attracted many customers. Its failure was probably attributable to failure to

Which activity in developing a business plan is the most important?

Describe the entrepreneurship process.

List and briefly describe the four programs available from the SBA that are designed to help small business operators gain access to management expertise. What is the SBA's other primary function?

Women tend to start their own businesses because they really like being their own bosses.

New businesses need six to twelve months of capital before they launch.

Briefly describe industries in which small businesses seem to be most effective and why this seems to be the case. In what area are small businesses least successful in comparison to large businesses?

Large businesses are more likely to succeed in the manufacturing industry than small businesses due to

An entrepreneur looking to enter the manufacturing industry is more likely to fail due to

Getting into business today is easier and faster than ever before and there are many more potential opportunities than at any other time in history.

The distinctive competencies of small business usually fall into three areas: the ability to identify new niches in established markets, the ability to identify new markets, and the ability to move ____________________.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters

Exam 9: Managing Start-Ups and New Ventures

The history of ____________________ and of the development of new businesses is in many ways the history of great wealth and of great failure.

An ____________________ is someone who puts her own resources on the line and takes a personal stake in the success or failure of the company.

In which of the following industries are small businesses typically poorer performers than large businesses?

Jane's Candy Shack has ineffective advertising. Where should she go for help with a promotion program?

In which of the following areas of retailing are small businesses most likely to create jobs through success?

Minorities and women are starting ____________________ small businesses than in the past.

Jane's Candy Shack is in danger of failing. She needs much consulting help, but she has limited financial resources. She contacts the SBA. She most likely will get help from the

History has shown that major innovations are as likely to come from small businesses (or individuals) as from big businesses.

An entrepreneur does all of the following EXCEPT

Jane's Candy Shack was a quaint shop, in a small town, with high end items that never attracted many customers. Its failure was probably attributable to failure to

Which activity in developing a business plan is the most important?

Describe the entrepreneurship process.

List and briefly describe the four programs available from the SBA that are designed to help small business operators gain access to management expertise. What is the SBA's other primary function?

Women tend to start their own businesses because they really like being their own bosses.

New businesses need six to twelve months of capital before they launch.

Briefly describe industries in which small businesses seem to be most effective and why this seems to be the case. In what area are small businesses least successful in comparison to large businesses?

Large businesses are more likely to succeed in the manufacturing industry than small businesses due to

An entrepreneur looking to enter the manufacturing industry is more likely to fail due to

Getting into business today is easier and faster than ever before and there are many more potential opportunities than at any other time in history.

The distinctive competencies of small business usually fall into three areas: the ability to identify new niches in established markets, the ability to identify new markets, and the ability to move ____________________.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, Quality and Productivity

Filters