Question 1

One form of business ownership involves ____________________,a form of business financing consisting of funds raised through the sale of stock.

Accepted Answer

The answer of One form of business ownership involves ____________________,a...

Question 2

Which of the following is a formal written statement that describes in detail the idea for a new business and how it will be carried out?

Accepted Answer

A)  a business plan 
B)  a mission statement 
C)  a vision 
D)  a statement of purpose 
A)  a business plan 
B)  a mission statement 
C)  a vision 
D)  a statement of purpose

Question 3

____________________ is financing obtained from investment companies that specialize in financing small,high-growth companies and receive an ownership interest and a voice in management in return for their money.

Accepted Answer

The answer of ____________________ is financing obtained from investment companies...

Question 4

Seltzer Darrigan borrowed $25,000 from his bank to open an art gallery.Darrigan used which type of financing?

Accepted Answer

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

Question 5

Some entrepreneurs apply their creativity,vision,and risk taking within a large corporation rather than starting a company of their own.They enjoy a high degree of autonomy while receiving a regular salary and financial backing from their employer.What type of entrepreneur are they?

Accepted Answer

A)  insourced entrepreneurs 
B)  intrapreneurs 
C)  multipreneurs 
D)  corporate entrepreneurs 
A)  insourced entrepreneurs 
B)  intrapreneurs 
C)  multipreneurs 
D)  corporate entrepreneurs

Question 6

Estes Kennedy has decided that he will open a used bookstore as a sole proprietorship.His next step is to write which of the following before he applies for a business loan?

Accepted Answer

A)  a venture prospectus 
B)  a business plan 
C)  a business essay 
D)  a market perspective 
A)  a venture prospectus 
B)  a business plan 
C)  a business essay 
D)  a market perspective

Question 7

Which of the following BEST describes intrapreneurs?

Accepted Answer

A)  They have the characteristics of creativity,vision,but are not risk takers. 
B)  They receive higher salaries and better employee benefits. 
C)  They have a low degree of autonomy because they work for a large corporation. 
D)  They run mini-companies within large corporations. 
A)  They have the characteristics of creativity,vision,but are not risk takers. 
B)  They receive higher salaries and better employee benefits. 
C)  They have a low degree of autonomy because they work for a large corporation. 
D)  They run mini-companies within large corporations.

Question 8

Jim Lightsey sold stock to investors in order to finance his company,which will run an Internet auction for sports memorabilia.Lightsey used which type of financing?

Accepted Answer

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

Question 9

Which of the following BEST describes venture capital?

Accepted Answer

A)  It includes all the money the owner of the business invests in his or her new enterprise. 
B)  It is financing obtained from investment firms that specialize in financing small,high-growth companies. 
C)  It is another name for the principal that a business borrows from a bank. 
D)  It is borrowed money invested in start-up businesses and provided by the Business Development Bank of Canada. 
A)  It includes all the money the owner of the business invests in his or her new enterprise. 
B)  It is financing obtained from investment firms that specialize in financing small,high-growth companies. 
C)  It is another name for the principal that a business borrows from a bank. 
D)  It is borrowed money invested in start-up businesses and provided by the Business Development Bank of Canada.

Question 10

List three disadvantages that small businesses experience compared to larger,more complex companies.

Accepted Answer

Your text lists the following

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

What does the hopeful entrepreneur do once he or she has finished the business plan?

Accepted Answer

The answer of What does the hopeful entrepreneur do once...

Question 13

Which of the following BEST describes angel investors?

Accepted Answer

A)  They provide funding for start-up businesses. 
B)  They are bank loan officers who are responsible for funding start-up businesses. 
C)  They are most interested in investing in businesses that are well established. 
D)  They provide equity financing to a business by loaning the business money at a low interest rate. 
A)  They provide funding for start-up businesses. 
B)  They are bank loan officers who are responsible for funding start-up businesses. 
C)  They are most interested in investing in businesses that are well established. 
D)  They provide equity financing to a business by loaning the business money at a low interest rate.

Question 14

Lachlan Stuart is employed by International Paper,a company that values his vision and creativity.To stay ahead in a very competitive industry,International Paper gives Stuart and his division almost complete autonomy to develop innovative and effective communications.Stuart is an example of which of the following type of entrepreneur?

Accepted Answer

A)  insourced entrepreneur 
B)  multipreneur 
C)  intrapreneur 
D)  corporate entrepreneur 
A)  insourced entrepreneur 
B)  multipreneur 
C)  intrapreneur 
D)  corporate entrepreneur

Question 15

Which of the following represent international trade specialists who buy goods at a discount from small businesses and resell them abroad?

Accepted Answer

A)  business trade unions 
B)  domestic channel members 
C)  commission house brokers 
D)  export trading companies 
A)  business trade unions 
B)  domestic channel members 
C)  commission house brokers 
D)  export trading companies

Question 16

List the three categories of entrepreneurs.

Accepted Answer

classic entrepreneur

Question 17

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?

Accepted Answer

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

Question 18

Which of the following is financing obtained from investment firms that specialize in financing small,high-growth companies and receive an ownership interest and a voice in management in return for their money?

Accepted Answer

A)  equity financing 
B)  entrepreneurial capital 
C)  venture capital 
D)  debt financing 
A)  equity financing 
B)  entrepreneurial capital 
C)  venture capital 
D)  debt financing

Question 19

Which of the following receives greater focus from web-driven entrepreneurs than from traditional entrepreneurs?

Accepted Answer

A)  profit 
B)  growth 
C)  free time 
D)  innovation 
A)  profit 
B)  growth 
C)  free time 
D)  innovation

Question 20

Once Keeler Monroe had decided he wanted to quit working as a tax preparer and go into some kind of business for himself,he did a self-assessment.What will his next step be?

Accepted Answer

A)  to create a business plan 
B)  to determine where the funding will come from 
C)  to find the idea for his business 
D)  to look for customers 
A)  to create a business plan 
B)  to determine where the funding will come from 
C)  to find the idea for his business 
D)  to look for customers

One form of business ownership involves ____________________,a form of business financing consisting of funds raised through the sale of stock.

Which of the following is a formal written statement that describes in detail the idea for a new business and how it will be carried out?

____________________ is financing obtained from investment companies that specialize in financing small,high-growth companies and receive an ownership interest and a voice in management in return for their money.

Seltzer Darrigan borrowed $25,000 from his bank to open an art gallery.Darrigan used which type of financing?

Some entrepreneurs apply their creativity,vision,and risk taking within a large corporation rather than starting a company of their own.They enjoy a high degree of autonomy while receiving a regular salary and financial backing from their employer.What type of entrepreneur are they?

Estes Kennedy has decided that he will open a used bookstore as a sole proprietorship.His next step is to write which of the following before he applies for a business loan?

Which of the following BEST describes intrapreneurs?

Jim Lightsey sold stock to investors in order to finance his company,which will run an Internet auction for sports memorabilia.Lightsey used which type of financing?

Which of the following BEST describes venture capital?

List three disadvantages that small businesses experience compared to larger,more complex companies.

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

What does the hopeful entrepreneur do once he or she has finished the business plan?

Which of the following BEST describes angel investors?

Which of the following represent international trade specialists who buy goods at a discount from small businesses and resell them abroad?

List the three categories of entrepreneurs.

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?

Which of the following is financing obtained from investment firms that specialize in financing small,high-growth companies and receive an ownership interest and a voice in management in return for their money?

Which of the following receives greater focus from web-driven entrepreneurs than from traditional entrepreneurs?

Once Keeler Monroe had decided he wanted to quit working as a tax preparer and go into some kind of business for himself,he did a self-assessment.What will his next step be?

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

One form of business ownership involves ____________________,a form of business financing consisting of funds raised through the sale of stock.

Which of the following is a formal written statement that describes in detail the idea for a new business and how it will be carried out?

____________________ is financing obtained from investment companies that specialize in financing small,high-growth companies and receive an ownership interest and a voice in management in return for their money.

Seltzer Darrigan borrowed $25,000 from his bank to open an art gallery.Darrigan used which type of financing?

Some entrepreneurs apply their creativity,vision,and risk taking within a large corporation rather than starting a company of their own.They enjoy a high degree of autonomy while receiving a regular salary and financial backing from their employer.What type of entrepreneur are they?

Estes Kennedy has decided that he will open a used bookstore as a sole proprietorship.His next step is to write which of the following before he applies for a business loan?

Which of the following BEST describes intrapreneurs?

Jim Lightsey sold stock to investors in order to finance his company,which will run an Internet auction for sports memorabilia.Lightsey used which type of financing?

Which of the following BEST describes venture capital?

List three disadvantages that small businesses experience compared to larger,more complex companies.

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

What does the hopeful entrepreneur do once he or she has finished the business plan?

Which of the following BEST describes angel investors?

Which of the following represent international trade specialists who buy goods at a discount from small businesses and resell them abroad?

List the three categories of entrepreneurs.

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?

Which of the following is financing obtained from investment firms that specialize in financing small,high-growth companies and receive an ownership interest and a voice in management in return for their money?

Which of the following receives greater focus from web-driven entrepreneurs than from traditional entrepreneurs?

Once Keeler Monroe had decided he wanted to quit working as a tax preparer and go into some kind of business for himself,he did a self-assessment.What will his next step be?

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