Exam 6: Entrepreneurship and Small Business

Jerome Matthews is opening a small computer repair shop. Like other small-business owners, Matthews probably will experience which of the following?

Which of the following forms of business requires less financing than the others?

Many classic entrepreneurs who start small and plan to keep their business small are described as which of the following?

Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss. When he read that people spend up to 15 minutes every day staring at a bathroom stall door, he decided there was real advertising potential in toilet advertising. Since he has his idea, what is Ghermizian's next step?

According to the text, what is the best way to keep up with small-business trends?

Once you have decided to go into business for yourself, what are the three ways that you can acquire the business?

A person who organizes, operates, and assumes the risk of a business venture in the hope of making a profit is called an entrepreneur.

Which of the following are individual investors or groups of experienced investors who provide funding for start-up businesses?

Michael Bronner made a killing in the direct marketing business as the cofounder and CEO of Bronner Slosberg Humphrey, a wildly successful direct-marketing company. His newest venture, Upromise Inc., enlists some of America's largest corporations to help families pay for postsecondary education and is extremely successful. Bronner would likely be described as which of the following?

Two-thirds of all Canadians feel that small businesses are a negative influence on our economy.

Dakota Lynn Brown is opening a business in which she will sell educational materials to parents who are home schooling their children. As an entrepreneur, Brown will enjoy which of the following benefits?

Somebody who specializes in financing small high-growth companies in return for an ownership interest and a voice in management is referred to as which of the following?

An entrepreneur is the same as a small-business owner.

Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. Early in the development of this high-growth company, Arnold attracted a group of investors who provided him with which of the following type of financing?

What percentage of business start-ups are brand new organizations?

One of the biggest advantages that a small business has is a greater ability to serve specialized markets.

Which of the following best describes intrapreneurs?

Marc Adler is the owner of Macquarium, a multimillion-dollar communications company. Macquarium has done work for several large companies. Even though these companies could have prepared their videos and created their websites in-house, these tasks were handled in which of the following ways?

Entrepreneurs, as a general group, are visionaries.

Michael Bronner made a killing in the direct marketing business as the cofounder and CEO of Bronner Slosberg Humphrey. His newest venture, Upromise Inc., enlists some of America's largest corporations to help families pay for postsecondary education. The 40-year-old Bronner will more than likely start at least one more new company before he retires. What type of entrepreneur is Bonner?