Question 1

Entrepreneurs in the sustainer category are rewarded by the personal satisfaction of being business owners.

Accepted Answer

A) True 
 B)False

Question 2

A(n) _____ has a legal life of its own.

Accepted Answer

A)  partnership 
B)  proprietorship 
C)  corporation 
D)  association 
E)  trade alliance 
A)  partnership 
B)  proprietorship 
C)  corporation 
D)  association 
E)  trade alliance

Question 3

The advantage of buying an existing business is the ability to develop and design the business in the entrepreneur's own way.

Accepted Answer

A) True 
 B)False

Question 4

Which of these means that people are motivated to excel and pick situations in which success is likely?

Accepted Answer

A)  External locus of control 
B)  Tolerance for Ambiguity 
C)  Awareness of passing time 
D)  Internal locus of control 
E)  Need to achieve 
A)  External locus of control 
B)  Tolerance for Ambiguity 
C)  Awareness of passing time 
D)  Internal locus of control 
E)  Need to achieve

Question 5

A sole proprietorship an unincorporated business owned by two or more people.

Accepted Answer

A) True 
 B)False

Question 6

Borrowing from family and friends is a common source of debt financing for a start-up business.

Accepted Answer

A) True 
 B)False

Question 7

All of these are entrepreneurial characteristics except:

Accepted Answer

A)  self-confidence. 
B)  tolerance for ambiguity. 
C)  external locus of control. 
D)  high energy level. 
E)  awareness of passing time. 
A)  self-confidence. 
B)  tolerance for ambiguity. 
C)  external locus of control. 
D)  high energy level. 
E)  awareness of passing time.

Question 8

The recent global economic downturn has affected all business operations, but many markets are now rebounding. To what can the upturn be credited? In a short essay, give your interpretation of why small business and entrepreneurship are having a major impact on the global and U.S. economies.

Accepted Answer

Small business and entrepreneurship is t

Question 9

An attractive innovation for entrepreneurs who want to start a business from scratch is to join a business incubator.

Accepted Answer

A) True 
 B)False

Question 10

_____ was one of the top 10 fastest-growing franchises in 2011.

Accepted Answer

A)  Arby's 
B)  Krispy Kreme 
C)  Subway 
D)  Wendy's 
E)  Dairy Queen 
A)  Arby's 
B)  Krispy Kreme 
C)  Subway 
D)  Wendy's 
E)  Dairy Queen

Question 11

Optimizers are rewarded by chance to work on something new and creative.

Accepted Answer

A) True 
 B)False

Question 12

What is the most common way that entrepreneurs finance the start-up of a new business?

Accepted Answer

A)  Self-financing from savings or credit cards 
B)  Loans from friends, family, or business associates 
C)  Bank loans 
D)  Lines of credit 
E)  Venture capital 
A)  Self-financing from savings or credit cards 
B)  Loans from friends, family, or business associates 
C)  Bank loans 
D)  Lines of credit 
E)  Venture capital

Question 13

Which of these refers to the financing that consists of funds that are invested in exchange for ownership in the company?

Accepted Answer

A)  Venture-debt 
B)  Debt financing 
C)  Equity financing 
D)  Franchising 
E)  Licensing 
A)  Venture-debt 
B)  Debt financing 
C)  Equity financing 
D)  Franchising 
E)  Licensing

Question 14

Which of the following is an unincorporated business owned by two or more?

Accepted Answer

A)  A partnership 
B)  A proprietorship 
C)  A corporation 
D)  An association 
E)  A trade alliance 
A)  A partnership 
B)  A proprietorship 
C)  A corporation 
D)  An association 
E)  A trade alliance

Question 15

A document specifying the business details prepared by an entrepreneur prior to opening a new business is known as a business plan.

Accepted Answer

A) True 
 B)False

Question 16

Sole proprietorships are one of the fastest growing segment of small business.

Accepted Answer

A) True 
 B)False

Question 17

The _____ provides shared office space, management support services, and management advice to entrepreneurs.

Accepted Answer

The answer of The _____ provides shared office space, management...

Question 18

An unincorporated business owned by an individual for profit is known as a(n) _____.

Accepted Answer

The answer of An unincorporated business owned by an individual...

Question 19

Name five of the ten characteristics of a successful business plan.

Accepted Answer

Students can name any five of the follow

Question 20

Being interested in computers, Jose Cohata came up with an idea of personalizing the screen saver programs with family pictures. After trying a couple of programs, Jose started marketing this service to neighbors and area businesses. Jose's activities can be described as a(n) _____.

Accepted Answer

A)  entrepreneurship 
B)  intrapreneurship 
C)  useless idea 
D)  large business 
E)  partnership 
A)  entrepreneurship 
B)  intrapreneurship 
C)  useless idea 
D)  large business 
E)  partnership

Entrepreneurs in the sustainer category are rewarded by the personal satisfaction of being business owners.

A(n) _____ has a legal life of its own.

The advantage of buying an existing business is the ability to develop and design the business in the entrepreneur's own way.

Which of these means that people are motivated to excel and pick situations in which success is likely?

A sole proprietorship an unincorporated business owned by two or more people.

Borrowing from family and friends is a common source of debt financing for a start-up business.

All of these are entrepreneurial characteristics except:

The recent global economic downturn has affected all business operations, but many markets are now rebounding. To what can the upturn be credited? In a short essay, give your interpretation of why small business and entrepreneurship are having a major impact on the global and U.S. economies.

An attractive innovation for entrepreneurs who want to start a business from scratch is to join a business incubator.

_____ was one of the top 10 fastest-growing franchises in 2011.

Optimizers are rewarded by chance to work on something new and creative.

What is the most common way that entrepreneurs finance the start-up of a new business?

Which of these refers to the financing that consists of funds that are invested in exchange for ownership in the company?

Which of the following is an unincorporated business owned by two or more?

A document specifying the business details prepared by an entrepreneur prior to opening a new business is known as a business plan.

Sole proprietorships are one of the fastest growing segment of small business.

The _____ provides shared office space, management support services, and management advice to entrepreneurs.

An unincorporated business owned by an individual for profit is known as a(n) _____.

Name five of the ten characteristics of a successful business plan.

Being interested in computers, Jose Cohata came up with an idea of personalizing the screen saver programs with family pictures. After trying a couple of programs, Jose started marketing this service to neighbors and area businesses. Jose's activities can be described as a(n) _____.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 6: Managing Start Ups and New Ventures

Entrepreneurs in the sustainer category are rewarded by the personal satisfaction of being business owners.

A(n) _____ has a legal life of its own.

The advantage of buying an existing business is the ability to develop and design the business in the entrepreneur's own way.

Which of these means that people are motivated to excel and pick situations in which success is likely?

A sole proprietorship an unincorporated business owned by two or more people.

Borrowing from family and friends is a common source of debt financing for a start-up business.

All of these are entrepreneurial characteristics except:

The recent global economic downturn has affected all business operations, but many markets are now rebounding. To what can the upturn be credited? In a short essay, give your interpretation of why small business and entrepreneurship are having a major impact on the global and U.S. economies.

An attractive innovation for entrepreneurs who want to start a business from scratch is to join a business incubator.

_____ was one of the top 10 fastest-growing franchises in 2011.

Optimizers are rewarded by chance to work on something new and creative.

What is the most common way that entrepreneurs finance the start-up of a new business?

Which of these refers to the financing that consists of funds that are invested in exchange for ownership in the company?

Which of the following is an unincorporated business owned by two or more?

A document specifying the business details prepared by an entrepreneur prior to opening a new business is known as a business plan.

Sole proprietorships are one of the fastest growing segment of small business.

The _____ provides shared office space, management support services, and management advice to entrepreneurs.

An unincorporated business owned by an individual for profit is known as a(n) _____.

Name five of the ten characteristics of a successful business plan.

Being interested in computers, Jose Cohata came up with an idea of personalizing the screen saver programs with family pictures. After trying a couple of programs, Jose started marketing this service to neighbors and area businesses. Jose's activities can be described as a(n) _____.

The World of Innovative Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resource

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters