Exam 6: Entrepreneurship and Small Business

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Willa Dakin started a high-tech company that she expects to grow into a major corporation within three years.Which of the following type of entrepreneurs BEST describes Dakin?

(Multiple Choice)
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Most start-ups are in the high-technology sector.

(True/False)
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Which of the following is at the core of most business failures?

(Multiple Choice)
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Multipreneurs are businesspeople who have tried a succession of entrepreneurial start-ups without finding an area in which they could be successful.

(True/False)
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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?

(Multiple Choice)
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What is one advantage of owning a small business?

(Multiple Choice)
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An advantage of a small manufacturer over a large manufacturer is the speed with which new products can be introduced to the marketplace.

(True/False)
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Small businesses tend to have greater flexibility than large businesses.

(True/False)
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One of the reasons women start their own firms is a frustration with their current work environment.

(True/False)
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Which of the following BEST describes a business plan?

(Multiple Choice)
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What is the most common reason that an individual leaves a secure job to start his or her own company?

(Short Answer)
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Why does small business thrive in Canada?

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