Exam 9: Managing Start-Ups and New Ventures

The idea of a business plan is not new.What is new is the growing use of specialized business plans by entrepreneurs,mostly because creditors and investors demand them for use in deciding whether to help finance a small business.

(True/False)

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Question 61

More than any other industry,manufacturing lends itself to small business.

(True/False)

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Question 62

What are the latest trends in new business start-ups? Why is it happening?

(Essay)

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Question 63

The distinctive competencies of small business usually fall into three areas: the ability to identify new niches in established markets,the ability to identify new markets,and the ability to move ____________________.

(Short Answer)

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Question 64

Describe the four major types of information presented in a business plan.

(Essay)

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Question 65

Match the following.You may use a response once,more than once,or not at all. -Characterized by entrepreneurs who try to launch businesses in their spare time

(Multiple Choice)

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Question 66

In which of the following industries are small businesses typically poorer performers than large businesses?

(Multiple Choice)

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Question 67

Which of the following statements about recent trends in franchising is TRUE?

(Multiple Choice)

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Question 68

While watching her dad cook bacon in the microwave,10-year-old Abby Fleck asked,"Wouldn't it be less messy if you hung the bacon to cook?" After breakfast,she and her dad went to the basement and created the Makin Bacon,a gadget for making bacon cooking less messy.Abby,her parents,and her grandparents own and operate a company that makes and sells Makin Bacon trays.Her first big customer was Armour Bacon,which purchased the gadget to sell as a premium on its packages of bacon.This is a small business that has contributed by its

(Multiple Choice)

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Question 69

If someone is technically challenged,they should avoid starting a business because e-commerce is where small businesses are finding success.

(True/False)

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Question 70

In which of the following industries are you LEAST likely to find a small business owner performing well due to a lack of economies of scale?

(Multiple Choice)

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Question 71

Which of the following is NOT generally considered to be a role performed by small businesses?

(Multiple Choice)

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Question 72

Luck plays a role in the success of some firms.

(True/False)

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Question 73

List and briefly describe the four programs available from the SBA that are designed to help small business operators gain access to management expertise.What is the SBA's other primary function?

(Essay)

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Question 74

The overall purpose of a business plan is to

(Multiple Choice)

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Question 75

Why are some small business owners successful in the wholesaling industry?

(Multiple Choice)

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Question 76

You have a great idea for a new children's toy.Describe your financing options.

(Essay)

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Question 77

New businesses need six to twelve months of capital before they launch.

(True/False)

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Question 78

Match the following.You may use a response once,more than once,or not at all. -Cisco shifting one third of engineers to Internet video projects

(Multiple Choice)

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Question 79

Which of the following is NOT a source of management advice for an entrepreneur?

(Multiple Choice)

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Question 80

Showing 61 - 80 of 139

The idea of a business plan is not new.What is new is the growing use of specialized business plans by entrepreneurs,mostly because creditors and investors demand them for use in deciding whether to help finance a small business.

More than any other industry,manufacturing lends itself to small business.

What are the latest trends in new business start-ups? Why is it happening?

The distinctive competencies of small business usually fall into three areas: the ability to identify new niches in established markets,the ability to identify new markets,and the ability to move ____________________.

Describe the four major types of information presented in a business plan.

Match the following.You may use a response once,more than once,or not at all. -Characterized by entrepreneurs who try to launch businesses in their spare time

In which of the following industries are small businesses typically poorer performers than large businesses?

Which of the following statements about recent trends in franchising is TRUE?

If someone is technically challenged,they should avoid starting a business because e-commerce is where small businesses are finding success.

In which of the following industries are you LEAST likely to find a small business owner performing well due to a lack of economies of scale?

Which of the following is NOT generally considered to be a role performed by small businesses?

Luck plays a role in the success of some firms.

List and briefly describe the four programs available from the SBA that are designed to help small business operators gain access to management expertise.What is the SBA's other primary function?

The overall purpose of a business plan is to

Why are some small business owners successful in the wholesaling industry?

You have a great idea for a new children's toy.Describe your financing options.

New businesses need six to twelve months of capital before they launch.

Match the following.You may use a response once,more than once,or not at all. -Cisco shifting one third of engineers to Internet video projects

Which of the following is NOT a source of management advice for an entrepreneur?

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

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