Question 1

Due to better advancement opportunities in Fortune 500 corporations,the number of women entrepreneurs is diminishing.

Accepted Answer

A) True 
 B)False

Question 2

What is the most popular type of small business?

Accepted Answer

The answer of What is the most popular type of...

Question 3

A/an ____________________ is a person who takes the risk of starting and operating a business.

Accepted Answer

The answer of A/an ____________________ is a person who takes...

Question 4

David Dworkin is the founder and owner of Swoozie's,a chain of stores that carry eclectic lines of wrapping paper,stationery,invitations,and gifts for affluent women.He is a classic entrepreneur who envisions having stores across the United States and Canada.Which of the following type of entrepreneurs BEST describes David?

Accepted Answer

A)  growth-oriented entrepreneur 
B)  intrapreneur 
C)  multipreneur 
D)  interpreneur 
A)  growth-oriented entrepreneur 
B)  intrapreneur 
C)  multipreneur 
D)  interpreneur

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

It is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense.

Accepted Answer

A) True 
 B)False

Question 7

The ____________________ is the main government agency that assists small businesses with advice and financial assistance.

Accepted Answer

Business D

Question 8

Which of the following terms would be used to identify the person who takes the risk of starting and managing a business to make a profit?

Accepted Answer

A)  an entrepreneur 
B)  a franchiser 
C)  a venture capitalist 
D)  a capitalistic adventurer 
A)  an entrepreneur 
B)  a franchiser 
C)  a venture capitalist 
D)  a capitalistic adventurer

Question 9

Pim Bouwman quit his lucrative job as an consultant to start a retail website that specializes in marketing Dutch tulip bulbs.He finds it very satisfying and believes that it will provide him with an adequate income.Bouwman is an example of which of type of entrepreneur?

Accepted Answer

A)  classic 
B)  opportunistic 
C)  growth-oriented 
D)  risk-aversive 
A)  classic 
B)  opportunistic 
C)  growth-oriented 
D)  risk-aversive

Question 10

Which of the following is the primary source of financing for all small business start-ups?

Accepted Answer

A)  the owner's personal savings 
B)  supplier and customer credit 
C)  banks 
D)  the Business Development Bank of Canada 
A)  the owner's personal savings 
B)  supplier and customer credit 
C)  banks 
D)  the Business Development Bank of Canada

Question 11

Which of the following two forms of business financing describe borrowed funds and ownership funds respectively?

Accepted Answer

A)  debt; equity 
B)  credit; leverage 
C)  equity; debt 
D)  equity; leverage 
A)  debt; equity 
B)  credit; leverage 
C)  equity; debt 
D)  equity; leverage

Question 12

Which of the following BEST describes the profile of web-driven entrepreneurs?

Accepted Answer

A)  female with high university education 
B)  female with high school education 
C)  male with high school education 
D)  male with high university education 
A)  female with high university education 
B)  female with high school education 
C)  male with high school education 
D)  male with high university education

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

Pim Bouwman quit his lucrative job as an consultant to start a retail website that specializes in Dutch tulip bulbs.To fund his website,he borrowed money from his friends and relatives.In other words,he used which type of financing?

Accepted Answer

A)  venture 
B)  liquid 
C)  debt 
D)  equity 
A)  venture 
B)  liquid 
C)  debt 
D)  equity

Question 15

Once the business plan is finished,what is the next step?

Accepted Answer

A)  to find financing for the business 
B)  to locate customers 
C)  to create a promotional campaign 
D)  to choose a business format 
A)  to find financing for the business 
B)  to locate customers 
C)  to create a promotional campaign 
D)  to choose a business format

Question 16

List the four characteristics common to all small businesses

Accepted Answer

independently managed,owned by

Question 17

Which of the following is the most common use of business plans?

Accepted Answer

A)  to persuade lenders and investors to finance the venture 
B)  to comply with the Ontario Securities Commission 
C)  to persuade customers to buy the new product or service 
D)  to use as a recruitment tool 
A)  to persuade lenders and investors to finance the venture 
B)  to comply with the Ontario Securities Commission 
C)  to persuade customers to buy the new product or service 
D)  to use as a recruitment tool

Question 18

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?

Accepted Answer

A)  guaranteed profits 
B)  shorter work hours 
C)  personal satisfaction 
D)  less stress 
A)  guaranteed profits 
B)  shorter work hours 
C)  personal satisfaction 
D)  less stress

Question 19

A company has used ____________________ if it hires a mailing house to stuff its multi-part advertising message into envelopes and ensure that its mailings comply with government regulations.

Accepted Answer

The answer of A company has used ____________________ if it...

Question 20

List reasons that small businesses thrive in Canada.

Accepted Answer

(1)Independence and the opportunity for

Due to better advancement opportunities in Fortune 500 corporations,the number of women entrepreneurs is diminishing.

What is the most popular type of small business?

A/an ____________________ is a person who takes the risk of starting and operating a 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.

It is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense.

The ____________________ is the main government agency that assists small businesses with advice and financial assistance.

Which of the following terms would be used to identify the person who takes the risk of starting and managing a business to make a profit?

Pim Bouwman quit his lucrative job as an consultant to start a retail website that specializes in marketing Dutch tulip bulbs.He finds it very satisfying and believes that it will provide him with an adequate income.Bouwman is an example of which of type of entrepreneur?

Which of the following is the primary source of financing for all small business start-ups?

Which of the following two forms of business financing describe borrowed funds and ownership funds respectively?

Which of the following BEST describes the profile of web-driven entrepreneurs?

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

Pim Bouwman quit his lucrative job as an consultant to start a retail website that specializes in Dutch tulip bulbs.To fund his website,he borrowed money from his friends and relatives.In other words,he used which type of financing?

Once the business plan is finished,what is the next step?

List the four characteristics common to all small businesses

Which of the following is the most common use of business plans?

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?

A company has used ____________________ if it hires a mailing house to stuff its multi-part advertising message into envelopes and ensure that its mailings comply with government regulations.

List reasons that small businesses thrive in Canada.

understanding Evolving Economic Systems and Competition

the Global Marketplace and Governments’ Roles

Social Trends, social Responsibility, and Making Ethical Decisions in Business

Using Technology to Manage Information and for Business Success

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Achieving World-class Operations Management

Understanding the Customer

Creating Marketing Strategies

Using Financial Information and Accounting

Understanding Money, financial Institutions, and the Securities Markets

Managing the Firm’s Finances

Filters

Exam 6: Entrepreneurship and Small Business

Due to better advancement opportunities in Fortune 500 corporations,the number of women entrepreneurs is diminishing.

What is the most popular type of small business?

A/an ____________________ is a person who takes the risk of starting and operating a 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.

It is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense.

The ____________________ is the main government agency that assists small businesses with advice and financial assistance.

Which of the following terms would be used to identify the person who takes the risk of starting and managing a business to make a profit?

Pim Bouwman quit his lucrative job as an consultant to start a retail website that specializes in marketing Dutch tulip bulbs.He finds it very satisfying and believes that it will provide him with an adequate income.Bouwman is an example of which of type of entrepreneur?

Which of the following is the primary source of financing for all small business start-ups?

Which of the following two forms of business financing describe borrowed funds and ownership funds respectively?

Which of the following BEST describes the profile of web-driven entrepreneurs?

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

Pim Bouwman quit his lucrative job as an consultant to start a retail website that specializes in Dutch tulip bulbs.To fund his website,he borrowed money from his friends and relatives.In other words,he used which type of financing?

Once the business plan is finished,what is the next step?

List the four characteristics common to all small businesses

Which of the following is the most common use of business plans?

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?

A company has used ____________________ if it hires a mailing house to stuff its multi-part advertising message into envelopes and ensure that its mailings comply with government regulations.

List reasons that small businesses thrive in Canada.

understanding Evolving Economic Systems and Competition

the Global Marketplace and Governments’ Roles

Social Trends, social Responsibility, and Making Ethical Decisions in Business

Using Technology to Manage Information and for Business Success

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Achieving World-class Operations Management

Understanding the Customer

Creating Marketing Strategies

Using Financial Information and Accounting

Understanding Money, financial Institutions, and the Securities Markets

Managing the Firm’s Finances

Filters