Question 1

__________ make large investments in new ventures in return for an equity stake in the business.

Accepted Answer

A)  Venture capitalists 
B)  Equity investors 
C)  Bankers 
D)  Start-up managers 
A)  Venture capitalists 
B)  Equity investors 
C)  Bankers 
D)  Start-up managers

Question 2

__________ limit the liability of one partner in case of negligence by any others.

Accepted Answer

Limited li

Question 3

_______________ gives ownership shares to outsiders in return for their financial investments.

Accepted Answer

A)  Debt financing 
B)  Initial public financing 
C)  Asset financing 
D)  Equity financing 
A)  Debt financing 
B)  Initial public financing 
C)  Asset financing 
D)  Equity financing

Question 4

The common reasons for small business failures include all of the following EXCEPT:

Accepted Answer

A)  a lack of experience. 
B)  a lack of strategy. 
C)  a poor financial control. 
D)  a moderate growth rate. 
A)  a lack of experience. 
B)  a lack of strategy. 
C)  a poor financial control. 
D)  a moderate growth rate.

Question 5

The form of financing called __________ requires collateral that pledges business assets or personal assets as security in case of default.

Accepted Answer

A)  equity financing 
B)  venture capital 
C)  debt financing 
D)  initial public offering 
A)  equity financing 
B)  venture capital 
C)  debt financing 
D)  initial public offering

Question 6

Which of the following is a reason behind the failure of several small businesses?

Accepted Answer

A)  Inability to find initial investment 
B)  Inferior product ideas 
C)  Lack of expertise 
D)  Failure to issue an initial public offering 
A)  Inability to find initial investment 
B)  Inferior product ideas 
C)  Lack of expertise 
D)  Failure to issue an initial public offering

Question 7

A __________ is a new and temporary venture that is trying to discover a profitable business model for future success.

Accepted Answer

A)  franchise 
B)  branch 
C)  chain 
D)  start-up 
A)  franchise 
B)  branch 
C)  chain 
D)  start-up

Question 8

In a family business, the __________ refers to the issue of who will run the business when the current head leaves.

Accepted Answer

A)  follow-through problem 
B)  succession problem 
C)  follow-up problem 
D)  resignation problem 
A)  follow-through problem 
B)  succession problem 
C)  follow-up problem 
D)  resignation problem

Question 9

A wealthy private individual who invests in return for equity in a new venture is called a(n) __________.

Accepted Answer

A)  equity investor 
B)  angel investor 
C)  new venture manager 
D)  banker 
A)  equity investor 
B)  angel investor 
C)  new venture manager 
D)  banker

Question 10

An angel investor who invests in a new venture is involved in __________.

Accepted Answer

A)  debt financing 
B)  partnership financing 
C)  restricted financing 
D)  equity financing 
A)  debt financing 
B)  partnership financing 
C)  restricted financing 
D)  equity financing

Question 11

Only three percent of family businesses are expected to survive beyond the __________ generation.

Accepted Answer

A)  first 
B)  second 
C)  third 
D)  fourth 
A)  first 
B)  second 
C)  third 
D)  fourth

Question 12

In which of the following life-cycle stages of small businesses does the business model begin to work well, growth take place, and the complexity of the business expand significantly?

Accepted Answer

A)  The maturity stage 
B)  The breakthrough stage 
C)  The post-maturity stage 
D)  The birth stage 
A)  The maturity stage 
B)  The breakthrough stage 
C)  The post-maturity stage 
D)  The birth stage

Question 13

A(n) __________ is someone who is willing to pursue opportunities that others see as problems or threats.

Accepted Answer

A)  capitalist 
B)  investor 
C)  entrepreneur 
D)  banker 
A)  capitalist 
B)  investor 
C)  entrepreneur 
D)  banker

Question 14

A(n) __________ is the first time that a company sells its shares of stock to the public.

Accepted Answer

A)  stock exchange 
B)  initial public offering 
C)  private exchange 
D)  stock auction 
A)  stock exchange 
B)  initial public offering 
C)  private exchange 
D)  stock auction

Question 15

Which of the following personality traits and characteristics is most likely to be shared by entrepreneurs?

Accepted Answer

A)  An external locus of control 
B)  A low need for achievement 
C)  A discomfort with uncertainty 
D)  Self-confidence and self-reliance 
A)  An external locus of control 
B)  A low need for achievement 
C)  A discomfort with uncertainty 
D)  Self-confidence and self-reliance

Question 16

John wants to start a new business and prefers to keep the paperwork simple and avoid large legal fees. Further, he does not want his personal property attached to the business. In this scenario, John should start his business as a __________.

Accepted Answer

A)  corporation 
B)  partnership 
C)  limited liability corporation 
D)  sole proprietorship 
A)  corporation 
B)  partnership 
C)  limited liability corporation 
D)  sole proprietorship

Question 17

__________ offer guidance to entrepreneurs and small business owners on how to set up and manage business operations.

Accepted Answer

Small Busi

Question 18

A facility that offers services to help new businesses get established is called a(n) _____________.

Accepted Answer

The answer of A facility that offers services to help...

Question 19

Equity financing provides finance to a business owner that has to be repaid eventually.

Accepted Answer

A) True 
 B)False

Question 20

A small business in the birth stage of its life cycle requires:

Accepted Answer

A)  diversified leadership. 
B)  corporate leadership. 
C)  entrepreneurial leadership. 
D)  professional strategic leadership. 
A)  diversified leadership. 
B)  corporate leadership. 
C)  entrepreneurial leadership. 
D)  professional strategic leadership.

__________ make large investments in new ventures in return for an equity stake in the business.

__________ limit the liability of one partner in case of negligence by any others.

_______________ gives ownership shares to outsiders in return for their financial investments.

The common reasons for small business failures include all of the following EXCEPT:

The form of financing called __________ requires collateral that pledges business assets or personal assets as security in case of default.

Which of the following is a reason behind the failure of several small businesses?

A __________ is a new and temporary venture that is trying to discover a profitable business model for future success.

In a family business, the __________ refers to the issue of who will run the business when the current head leaves.

A wealthy private individual who invests in return for equity in a new venture is called a(n) __________.

An angel investor who invests in a new venture is involved in __________.

Only three percent of family businesses are expected to survive beyond the __________ generation.

In which of the following life-cycle stages of small businesses does the business model begin to work well, growth take place, and the complexity of the business expand significantly?

A(n) __________ is someone who is willing to pursue opportunities that others see as problems or threats.

A(n) __________ is the first time that a company sells its shares of stock to the public.

Which of the following personality traits and characteristics is most likely to be shared by entrepreneurs?

John wants to start a new business and prefers to keep the paperwork simple and avoid large legal fees. Further, he does not want his personal property attached to the business. In this scenario, John should start his business as a __________.

__________ offer guidance to entrepreneurs and small business owners on how to set up and manage business operations.

A facility that offers services to help new businesses get established is called a(n) _____________.

Equity financing provides finance to a business owner that has to be repaid eventually.

A small business in the birth stage of its life cycle requires:

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Motivation Theory and Practice

Communication and Collaboration

Planning Processes and Techniques

Filters

Exam 17: Teams and Teamwork

__________ make large investments in new ventures in return for an equity stake in the business.

__________ limit the liability of one partner in case of negligence by any others.

_______________ gives ownership shares to outsiders in return for their financial investments.

The common reasons for small business failures include all of the following EXCEPT:

The form of financing called __________ requires collateral that pledges business assets or personal assets as security in case of default.

Which of the following is a reason behind the failure of several small businesses?

A __________ is a new and temporary venture that is trying to discover a profitable business model for future success.

In a family business, the __________ refers to the issue of who will run the business when the current head leaves.

A wealthy private individual who invests in return for equity in a new venture is called a(n) __________.

An angel investor who invests in a new venture is involved in __________.

Only three percent of family businesses are expected to survive beyond the __________ generation.

In which of the following life-cycle stages of small businesses does the business model begin to work well, growth take place, and the complexity of the business expand significantly?

A(n) __________ is someone who is willing to pursue opportunities that others see as problems or threats.

A(n) __________ is the first time that a company sells its shares of stock to the public.

Which of the following personality traits and characteristics is most likely to be shared by entrepreneurs?

John wants to start a new business and prefers to keep the paperwork simple and avoid large legal fees. Further, he does not want his personal property attached to the business. In this scenario, John should start his business as a __________.

__________ offer guidance to entrepreneurs and small business owners on how to set up and manage business operations.

A facility that offers services to help new businesses get established is called a(n) _____________.

Equity financing provides finance to a business owner that has to be repaid eventually.

A small business in the birth stage of its life cycle requires:

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Motivation Theory and Practice

Communication and Collaboration

Planning Processes and Techniques

Filters