Question 1

A venture capital firm is a group of companies or individuals that invest money in new or expanding businesses for ownership and potential profits.

Accepted Answer

A) True 
 B)False

Question 2

__________ is an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner.

Accepted Answer

The answer of __________ is an arrangement by which the...

Question 3

To succeed in the competitive online market, the entrepreneur needs to identify a market niche that isn't being served by other companies.

Accepted Answer

A) True 
 B)False

Question 4

A(n) __________ provides shared office space, management support services, and management and legal advice to entrepreneurs.

Accepted Answer

The answer of A(n) __________ provides shared office space, management...

Question 5

Entrepreneurs in the sustainer category like the chance to balance work and personal life and often don't want the business to grow too large.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following was one of the top 10 fastest-growing franchises in 2015?

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 7

Many small businesses in the United States are owned by minorities and women. Write a short essay that discusses the impact of minority-owned and women-owned businesses in the United States. In your opinion, what future trends do you see regarding minority-owned and women-owned businesses in the United States?

Accepted Answer

As the minority population of the United

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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 10

Women have historically started fewer businesses than men, and the gap is widening.

Accepted Answer

A) True 
 B)False

Question 11

Entrepreneurship and small businesses are important for the creation of jobs and for economic and social development both in the United States and internationally. In a short essay, discuss the impact of entrepreneurship in the United States and internationally. Why do you think entrepreneurship is having such a major impact on the global and U.S. economies? In your opinion, will the boom in small business entrepreneurship continue in the future?

Accepted Answer

The impact of entrepreneurial companies

Question 12

The most common source of new business ideas comes from in-depth understanding of an industry or profession.

Accepted Answer

A) True 
 B)False

Question 13

An artificial entity created by the state and existing apart from its owners is known as a(n):

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 14

The powerful advantage of a franchise is that management help is provided by the franchisor.

Accepted Answer

A) True 
 B)False

Question 15

Research indicates that the __________ of a company, more so than its __________, determines the number of jobs that it creates.

Accepted Answer

A)  age; quality of leadership 
B)  age; size 
C)  location; size 
D)  location; age 
E)  size; age 
A)  age; quality of leadership 
B)  age; size 
C)  location; size 
D)  location; age 
E)  size; age

Question 16

Entrepreneurs in the __________ category like the idea of working on something that is new, creative, or personally meaningful.

Accepted Answer

The answer of Entrepreneurs in the __________ category like the...

Question 17

Over the past two decades, most new jobs have come from:

Accepted Answer

A)  established small businesses. 
B)  new companies. 
C)  franchises. 
D)  established multinational corporations. 
E)  women-owned businesses. 
A)  established small businesses. 
B)  new companies. 
C)  franchises. 
D)  established multinational corporations. 
E)  women-owned businesses.

Question 18

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a:

Accepted Answer

A)  SWOT analysis. 
B)  business portfolio. 
C)  business plan. 
D)  competitive analysis. 
E)  mission statement. 
A)  SWOT analysis. 
B)  business portfolio. 
C)  business plan. 
D)  competitive analysis. 
E)  mission statement.

Question 19

Social entrepreneurs are committed to both good business and:

Accepted Answer

A)  swaying political opinion of consumers. 
B)  improving the natural environment. 
C)  changing the world for the better. 
D)  nonprofit goals. 
E)  big profits. 
A)  swaying political opinion of consumers. 
B)  improving the natural environment. 
C)  changing the world for the better. 
D)  nonprofit goals. 
E)  big profits.

Question 20

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...

A venture capital firm is a group of companies or individuals that invest money in new or expanding businesses for ownership and potential profits.

__________ is an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner.

To succeed in the competitive online market, the entrepreneur needs to identify a market niche that isn't being served by other companies.

A(n) __________ provides shared office space, management support services, and management and legal advice to entrepreneurs.

Entrepreneurs in the sustainer category like the chance to balance work and personal life and often don't want the business to grow too large.

Which of the following was one of the top 10 fastest-growing franchises in 2015?

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

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?

Women have historically started fewer businesses than men, and the gap is widening.

The most common source of new business ideas comes from in-depth understanding of an industry or profession.

An artificial entity created by the state and existing apart from its owners is known as a(n):

The powerful advantage of a franchise is that management help is provided by the franchisor.

Research indicates that the of a company, more so than its , determines the number of jobs that it creates.

Entrepreneurs in the __________ category like the idea of working on something that is new, creative, or personally meaningful.

Over the past two decades, most new jobs have come from:

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a:

Social entrepreneurs are committed to both good business and:

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

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

Planning and Global Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Invidividual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 6: Managing Start-Ups and New Ventures

A venture capital firm is a group of companies or individuals that invest money in new or expanding businesses for ownership and potential profits.

__________ is an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner.

To succeed in the competitive online market, the entrepreneur needs to identify a market niche that isn't being served by other companies.

A(n) __________ provides shared office space, management support services, and management and legal advice to entrepreneurs.

Entrepreneurs in the sustainer category like the chance to balance work and personal life and often don't want the business to grow too large.

Which of the following was one of the top 10 fastest-growing franchises in 2015?

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

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?

Women have historically started fewer businesses than men, and the gap is widening.

The most common source of new business ideas comes from in-depth understanding of an industry or profession.

An artificial entity created by the state and existing apart from its owners is known as a(n):

The powerful advantage of a franchise is that management help is provided by the franchisor.

Research indicates that the __________ of a company, more so than its __________, determines the number of jobs that it creates.

Entrepreneurs in the __________ category like the idea of working on something that is new, creative, or personally meaningful.

Over the past two decades, most new jobs have come from:

Before opening his own business, Kareem was writing a report that details the specifics of his ideas and future business operations. This document is known as a:

Social entrepreneurs are committed to both good business and:

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

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

Planning and Global Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Invidividual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Research indicates that the of a company, more so than its , determines the number of jobs that it creates.