Question 1

A(n) _____ is an artificial entity created by the state and existing apart from its owners.

Accepted Answer

The answer of A(n) _____ is an artificial entity created...

Question 2

Name three of the four ways entrepreneurs can become business owners.

Accepted Answer

(1) Start from scratch, (2) bu

Question 3

What is the primary goal of the social entrepreneur?

Accepted Answer

A)  Maximizing profits 
B)  Improving society 
C)  Reaching social circles 
D)  Finding funding 
E)  Writing grants 
A)  Maximizing profits 
B)  Improving society 
C)  Reaching social circles 
D)  Finding funding 
E)  Writing grants

Question 4

The Small Business Administration (SBA) can provide loan financing for small business start-up.

Accepted Answer

A) True 
 B)False

Question 5

Name and describe the five different categories of small business owners.

Accepted Answer

The five categories are idealists, optim

Question 6

Social entrepreneurs have a primary goal of improving society rather than maximizing profits.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following demographic factors distinguish entrepreneurs from others?

Accepted Answer

A)  They are likely the youngest child in their family. 
B)  Most entrepreneurs launch their businesses between the ages of 35 and 55. 
C)  Their parents likely worked for large companies. 
D)  They are likely the children of immigrants. 
E)  All of these. 
A)  They are likely the youngest child in their family. 
B)  Most entrepreneurs launch their businesses between the ages of 35 and 55. 
C)  Their parents likely worked for large companies. 
D)  They are likely the children of immigrants. 
E)  All of these.

Question 8

The process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated risks and rewards refers to entrepreneurship.

Accepted Answer

A) True 
 B)False

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

Connie, a single mother and home-business entrepreneur, enjoys running her own business. However, because she is busy balancing work and family, she does not foresee her home business growing significantly in the near future. Connie can best be described as what type of entrepreneur?

Accepted Answer

A)  Idealist 
B)  Sustainer 
C)  Optimizer 
D)  Juggler 
E)  Hard worker 
A)  Idealist 
B)  Sustainer 
C)  Optimizer 
D)  Juggler 
E)  Hard worker

Question 11

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

Accepted Answer

Students can name any five of the follow

Question 12

Which of the following is a popular small business form because it is easy to start and has few legal requirements?

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 13

A(n) _____ recognizes a viable idea for a business product or service and carries it out.

Accepted Answer

The answer of A(n) _____ recognizes a viable idea for...

Question 14

Vaughn Hager started his one-man consulting business under the name Hager Associates. The legal structure for the company can best be described as a(n):

Accepted Answer

A)  proprietorship. 
B)  partnership. 
C)  trade alliance. 
D)  corporation. 
E)  one man operation. 
A)  proprietorship. 
B)  partnership. 
C)  trade alliance. 
D)  corporation. 
E)  one man operation.

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

In the _____ stage, the main problems for entrepreneurial firms are producing the product or service and obtaining customers.

Accepted Answer

The answer of In the _____ stage, the main problems...

A(n) _____ is an artificial entity created by the state and existing apart from its owners.

Name three of the four ways entrepreneurs can become business owners.

What is the primary goal of the social entrepreneur?

The Small Business Administration (SBA) can provide loan financing for small business start-up.

Name and describe the five different categories of small business owners.

Social entrepreneurs have a primary goal of improving society rather than maximizing profits.

Which of the following demographic factors distinguish entrepreneurs from others?

The process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated risks and rewards refers to entrepreneurship.

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

Connie, a single mother and home-business entrepreneur, enjoys running her own business. However, because she is busy balancing work and family, she does not foresee her home business growing significantly in the near future. Connie can best be described as what type of entrepreneur?

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

Which of the following is a popular small business form because it is easy to start and has few legal requirements?

A(n) _____ recognizes a viable idea for a business product or service and carries it out.

Vaughn Hager started his one-man consulting business under the name Hager Associates. The legal structure for the company can best be described as a(n):

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

In the _____ stage, the main problems for entrepreneurial firms are producing the product or service and obtaining customers.

Innovative Management for a Changing World

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 Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 6: Managing Small Business Start Ups

A(n) _____ is an artificial entity created by the state and existing apart from its owners.

Name three of the four ways entrepreneurs can become business owners.

What is the primary goal of the social entrepreneur?

The Small Business Administration (SBA) can provide loan financing for small business start-up.

Name and describe the five different categories of small business owners.

Social entrepreneurs have a primary goal of improving society rather than maximizing profits.

Which of the following demographic factors distinguish entrepreneurs from others?

The process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated risks and rewards refers to entrepreneurship.

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

Connie, a single mother and home-business entrepreneur, enjoys running her own business. However, because she is busy balancing work and family, she does not foresee her home business growing significantly in the near future. Connie can best be described as what type of entrepreneur?

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

Which of the following is a popular small business form because it is easy to start and has few legal requirements?

A(n) _____ recognizes a viable idea for a business product or service and carries it out.

Vaughn Hager started his one-man consulting business under the name Hager Associates. The legal structure for the company can best be described as a(n):

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

In the _____ stage, the main problems for entrepreneurial firms are producing the product or service and obtaining customers.

Innovative Management for a Changing World

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 Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters