Question 1

__________ consists of funds that are invested in exchange for ownership in the company.

Accepted Answer

The answer of __________ consists of funds that are invested...

Question 2

A(n) __________ is an unincorporated business owned by two or more people.

Accepted Answer

The answer of A(n) __________ is an unincorporated business owned...

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

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

Question 5

Since a corporation is a legal structure reserved for large firms, small businesses have two basic choices for legal structure of their company: proprietorship and partnership.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

A(n) __________ recognizes a viable idea for a new product or service and carries it out by finding and assembling the necessary resources to start the business.

Accepted Answer

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

Question 8

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 9

The U.S. Census Bureau's Survey of Business Owners shows that the number of minority-owned companies in the United States was __________ in 2012.

Accepted Answer

A)  5.8 million 
B)  1.3 billion 
C)  872,000 
D)  8 million 
E)  2.9 million 
A)  5.8 million 
B)  1.3 billion 
C)  872,000 
D)  8 million 
E)  2.9 million

Question 10

All of the following are common reasons why small-business ventures fail except:

Accepted Answer

A)  sloppy accounting. 
B)  fear of firing. 
C)  poor management. 
D)  long-term focus. 
E)  operational mediocrity. 
A)  sloppy accounting. 
B)  fear of firing. 
C)  poor management. 
D)  long-term focus. 
E)  operational mediocrity.

__________ consists of funds that are invested in exchange for ownership in the company.

A(n) __________ is an unincorporated business owned by two or more people.

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

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

Since a corporation is a legal structure reserved for large firms, small businesses have two basic choices for legal structure of their company: proprietorship and partnership.

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

A(n) __________ recognizes a viable idea for a new product or service and carries it out by finding and assembling the necessary resources to start the business.

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

The U.S. Census Bureau's Survey of Business Owners shows that the number of minority-owned companies in the United States was __________ in 2012.

All of the following are common reasons why small-business ventures fail except:

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

__________ consists of funds that are invested in exchange for ownership in the company.

A(n) __________ is an unincorporated business owned by two or more people.

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

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

Since a corporation is a legal structure reserved for large firms, small businesses have two basic choices for legal structure of their company: proprietorship and partnership.

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

A(n) __________ recognizes a viable idea for a new product or service and carries it out by finding and assembling the necessary resources to start the business.

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

The U.S. Census Bureau's Survey of Business Owners shows that the number of minority-owned companies in the United States was __________ in 2012.

All of the following are common reasons why small-business ventures fail except:

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