Question 1

The majority of the incubators are operated by

Accepted Answer

A)  large corporations. 
B)  non-profit organizations. 
C)  small businesses. 
D)  international businesses. 
E)  college drop-outs. 
A)  large corporations. 
B)  non-profit organizations. 
C)  small businesses. 
D)  international businesses. 
E)  college drop-outs.

Question 2

Immigrants are more likely to start small businesses than native-born Americans.

Accepted Answer

A) True 
 B)False

Question 3

Entrepreneurs tend to

Accepted Answer

A)  need clear instructions. 
B)  like specific instructions. 
C)  be impatient. 
D)  lack self-confidence. 
E)  have low energy level. 
A)  need clear instructions. 
B)  like specific instructions. 
C)  be impatient. 
D)  lack self-confidence. 
E)  have low energy level.

Question 4

Which of the following is the belief by individuals that their future is not within their control but rather is influenced by external forces?

Accepted Answer

A)  Awareness of passing time 
B)  Tolerance for ambiguity 
C)  Internal locus of control 
D)  External locus of control 
E)  Deferred locus of control 
A)  Awareness of passing time 
B)  Tolerance for ambiguity 
C)  Internal locus of control 
D)  External locus of control 
E)  Deferred locus of control

Question 5

According to a survey, majority of entrepreneurs work approximately 80 hours or more per week.

Accepted Answer

A) True 
 B)False

Question 6

A venture capital firm wants to invest in businesses with a high rate of return. In return, they will

Accepted Answer

A)  invest large amounts of money. 
B)  provide necessary assistance and advice. 
C)  provide information to help the entrepreneur prosper. 
D)  all of these. 
E)  provide necessary assistance and advice and provide information to help the entrepreneur prosper only. 
A)  invest large amounts of money. 
B)  provide necessary assistance and advice. 
C)  provide information to help the entrepreneur prosper. 
D)  all of these. 
E)  provide necessary assistance and advice and provide information to help the entrepreneur prosper only.

Question 7

Sole proprietorships are the fastest growing segment of small business in both the U.S. and Canada.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Melissa is a very good middle manager. However, she has long wanted to open her own business. Which of Melissa's characteristics is not consistent with entrepreneurship?

Accepted Answer

A)  Taryn has high self-confidence. 
B)  Taryn tends to put things off till later. 
C)  She is untroubled by uncertainty. 
D)  She has a high energy level. 
E)  She has high need to achieve. 
A)  Taryn has high self-confidence. 
B)  Taryn tends to put things off till later. 
C)  She is untroubled by uncertainty. 
D)  She has a high energy level. 
E)  She has high need to achieve.

Question 10

Ami believes that such things as luck or chance will determine her future success. Ami has

Accepted Answer

A)  an internal locus of control. 
B)  a high need for achievement. 
C)  a tolerance for ambiguity. 
D)  an external locus of control. 
E)  high level of self-confidence. 
A)  an internal locus of control. 
B)  a high need for achievement. 
C)  a tolerance for ambiguity. 
D)  an external locus of control. 
E)  high level of self-confidence.

Question 11

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 12

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

Accepted Answer

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

Question 13

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 14

____________________ is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty.

Accepted Answer

Tolerance

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Equity financing is when funds are invested in exchange for ownership in the company.

Accepted Answer

A) True 
 B)False

Question 17

Forty-one percent of people start a business to fulfill a dream.

Accepted Answer

A) True 
 B)False

Question 18

Today, inspired by the growth of companies such as Amazon.com, entrepreneurs are flocking to the ____ to start new businesses.

Accepted Answer

A)  Small Business Administration 
B)  Internet 
C)  bookstore 
D)  mall 
E)  Internal Revenue Service 
A)  Small Business Administration 
B)  Internet 
C)  bookstore 
D)  mall 
E)  Internal Revenue Service

Question 19

Women and minorities who have found their opportunities limited in the corporate world are seeing intrapreneurship as the only way to go.

Accepted Answer

A) True 
 B)False

Question 20

____________________ 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...

The majority of the incubators are operated by

Immigrants are more likely to start small businesses than native-born Americans.

Entrepreneurs tend to

Which of the following is the belief by individuals that their future is not within their control but rather is influenced by external forces?

According to a survey, majority of entrepreneurs work approximately 80 hours or more per week.

A venture capital firm wants to invest in businesses with a high rate of return. In return, they will

Sole proprietorships are the fastest growing segment of small business in both the U.S. and Canada.

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

Melissa is a very good middle manager. However, she has long wanted to open her own business. Which of Melissa's characteristics is not consistent with entrepreneurship?

Ami believes that such things as luck or chance will determine her future success. Ami has

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

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

Which of the following demographic factors distinguish entrepreneurs from others?

____________________ is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty.

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

Equity financing is when funds are invested in exchange for ownership in the company.

Forty-one percent of people start a business to fulfill a dream.

Today, inspired by the growth of companies such as Amazon.com, entrepreneurs are flocking to the ____ to start new businesses.

Women and minorities who have found their opportunities limited in the corporate world are seeing intrapreneurship as the only way to go.

____________________ 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.

Innovative Management for Turbulent Times

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 Implementation

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

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Exam 20: Managing Small Business Start-Ups

The majority of the incubators are operated by

Immigrants are more likely to start small businesses than native-born Americans.

Entrepreneurs tend to

Which of the following is the belief by individuals that their future is not within their control but rather is influenced by external forces?

According to a survey, majority of entrepreneurs work approximately 80 hours or more per week.

A venture capital firm wants to invest in businesses with a high rate of return. In return, they will

Sole proprietorships are the fastest growing segment of small business in both the U.S. and Canada.

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

Melissa is a very good middle manager. However, she has long wanted to open her own business. Which of Melissa's characteristics is not consistent with entrepreneurship?

Ami believes that such things as luck or chance will determine her future success. Ami has

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

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

Which of the following demographic factors distinguish entrepreneurs from others?

____________________ is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty.

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

Equity financing is when funds are invested in exchange for ownership in the company.

Forty-one percent of people start a business to fulfill a dream.

Today, inspired by the growth of companies such as Amazon.com, entrepreneurs are flocking to the ____ to start new businesses.

Women and minorities who have found their opportunities limited in the corporate world are seeing intrapreneurship as the only way to go.

____________________ 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.

Innovative Management for Turbulent Times

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 Implementation

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

Filters