Exam 4: Understanding Entrepreneurship, small Business, and New Venture Creation

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Two of the major problems in family businesses are choosing and training successors,and determining the direction of the firm.

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Describe the two most common sources of debt financing.

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In a partnership,

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A study by CIBC world markets found that small businesses with above average growth were run by

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Define a new venture.

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A public corporation is

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At Hewlett-Packard there is a division called the New Business Group,which listens to "sales pitches" about possible new products.This is an example of ________.

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According to Industry Canada there are about ________ people who are "self employed" and about _________ "business establishments."

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Three research studies that have identified characteristics of entrepreneurs are described in the textbook.Which of the following characteristics is evident in all three studies?

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Which of the following would strengthen the argument that Vincent has found a good opportunity in opening a new pizza restaurant?

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IPOs are particularly attractive to companies during stock market declines because investors can buy the shares of stock for a low price.

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In a franchise agreement,the ________ is purchasing the right to sell the products of the ________.

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About 75 percent of all employer businesses in Canada are small.

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Describe the role and responsibilities of the Board of Directors.

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Why do so many small businesses fail?

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Tax laws permit ________ to treat the sales revenues and operating expenses of the business as part of their personal finances.

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All of the following are questions to ask in order to identify a genuine business opportunity except

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A public corporation is

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Advantages of the public corporation as a form of business organization do not include

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What percentage of Canadian business establishments are located in Ontario and Quebec?

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