Question 1

Which of the following is the most common entry method for owners of new businesses?

Accepted Answer

A)  Buying an existing business
B)  Starting a new business from scratch
C)  Inheriting a business
D)  eBay
E)  None of these are common.F) B) and E)
G) C) and D)

Question 2

Red Wagon produce stand,sells fruit and vegetables along a road.It operates in the ____ industry.

Accepted Answer

A)  wholesaling
B)  services
C)  retailing
D)  manufacturing
E)  None of theseF) C) and E)
G) B) and D)

Question 3

The most significant disadvantage to franchising as a means of acquiring a business is

Accepted Answer

A)  the amount of paperwork.
B)  the absence of economies of scale.
C)  high start-up costs.
D)  government regulation.
E)  low break-even points.F) D) and E)
G) A) and B)

Question 4

Which of these is a correct comparison of large and small businesses?

Accepted Answer

A)  Big businesses create more new jobs than small businesses.
B)  Big businesses are less efficient at producing and delivering specialty products than small businesses.
C)  Small businesses show consistently lower profit margins than big businesses.
D)  Big businesses outnumber small businesses by a wide margin.
E)  Small business formations are on the decline,but the rate for big businesses is increasing.F) A) and C)
G) A) and E)

Question 5

The current trend in business start-ups by women and minority entrepreneurs is

Accepted Answer

A)  the number of such businesses now is greater than the number owned by white males.
B)  a large increase in the rate of start-ups by women and minorities.
C)  a decline,as women and minorities now find greater opportunities for employment in large businesses.
D)  women-owned businesses are increasing while minority-owned businesses are declining.
E)  that more women- and minority-owned businesses are getting started,but the survival rate is decreasing.F) B) and C)
G) A) and D)

Question 6

Dr.Ting developed the first blood pressure watch to monitor blood pressure for twenty-four hours.He has a first-mover advantage.

Accepted Answer

A) True 
 B)False

Question 7

A group of small investors seeking to make profits on companies with rapid growth potential is called a(n)___________________________________.

Accepted Answer

venture ca...

Question 8

Explain the difference between an entrepreneur,small business owner,and professional manager.

Accepted Answer

An entrepreneur is someone who takes on ...

Question 9

What percentage of businesses in the United States is classified as small businesses?

Accepted Answer

A)  Less than 10 percent
B)  About 25 percent
C)  About 50 percent
D)  About 75 percent
E)  More than 90 percentF) A) and E)
G) D) and E)

Question 10

A segment of a market that offers a new opportunity because it is not currently being satisfied is called a first-mover market.

Accepted Answer

A) True 
 B)False

Question 11

Primarily because they require few resources,____________________ businesses are the fastest-growing segment of small-business enterprise.

Accepted Answer

The answer of Primarily because they require few resources,____________________ businesses...

Question 12

Venture capital companies typically

Accepted Answer

A)  exchange money for partial ownership in the new business.
B)  prefer to work with companies with rapid growth potential.
C)  want some management control over the new business.
D)  All of these.
E)  None of these.F) All of the above
G) B) and C)

Question 13

Some,but not all,small business owners are entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 14

Facebook operates in which industry?

Accepted Answer

A)  Construction
B)  Wholesaling
C)  Manufacturing
D)  Services
E)  All of these.F) B) and C)
G) A) and E)

Question 15

Small organizations usually can compete effectively with large organizations in industries in which economies of scale are not significant.

Accepted Answer

A) True 
 B)False

Exam 5: Entrepreneurship and New Venture Management

Small organizations usually can compete effectively with large organizations in industries in which economies of scale are not significant.

Correct Answer
verified

Facebook operates in which industry?

Correct Answer
verified

The most significant disadvantage to franchising as a means of acquiring a business is

Correct Answer
verified

Explain the difference between an entrepreneur,small business owner,and professional manager.

Correct Answer
Answered by ExamLex AI
An entrepreneur is someone who takes on ...
View Answer

Some,but not all,small business owners are entrepreneurs.

Correct Answer
verified

The current trend in business start-ups by women and minority entrepreneurs is

Correct Answer
verified

Which of these is a correct comparison of large and small businesses?

Correct Answer
verified

What percentage of businesses in the United States is classified as small businesses?

Correct Answer
verified

A group of small investors seeking to make profits on companies with rapid growth potential is called a(n)___________________________________.

Correct Answer
verified
venture ca...
View Answer

Red Wagon produce stand,sells fruit and vegetables along a road.It operates in the ____ industry.

Correct Answer
verified

Dr.Ting developed the first blood pressure watch to monitor blood pressure for twenty-four hours.He has a first-mover advantage.

Correct Answer
verified

A segment of a market that offers a new opportunity because it is not currently being satisfied is called a first-mover market.

Correct Answer
verified

Venture capital companies typically

Correct Answer
verified

Which of the following is the most common entry method for owners of new businesses?

Correct Answer
verified

Primarily because they require few resources,____________________ businesses are the fastest-growing segment of small-business enterprise.

Correct Answer
verified

Exam 5: Entrepreneurship and New Venture Management

Small organizations usually can compete effectively with large organizations in industries in which economies of scale are not significant.

Correct AnswerverifiedShow Answer

Facebook operates in which industry?

Correct AnswerverifiedShow Answer

The most significant disadvantage to franchising as a means of acquiring a business is

Correct AnswerverifiedShow Answer

Explain the difference between an entrepreneur,small business owner,and professional manager.

Correct AnswerAnswered by ExamLex AIAn entrepreneur is someone who takes on ...View AnswerShow Answer

Some,but not all,small business owners are entrepreneurs.

Correct AnswerverifiedShow Answer

The current trend in business start-ups by women and minority entrepreneurs is

Correct AnswerverifiedShow Answer

Which of these is a correct comparison of large and small businesses?

Correct AnswerverifiedShow Answer

What percentage of businesses in the United States is classified as small businesses?

Correct AnswerverifiedShow Answer

A group of small investors seeking to make profits on companies with rapid growth potential is called a(n)___________________________________.

Correct Answerverifiedventure ca...View AnswerShow Answer

Red Wagon produce stand,sells fruit and vegetables along a road.It operates in the ____ industry.

Correct AnswerverifiedShow Answer

Dr.Ting developed the first blood pressure watch to monitor blood pressure for twenty-four hours.He has a first-mover advantage.

Correct AnswerverifiedShow Answer

A segment of a market that offers a new opportunity because it is not currently being satisfied is called a first-mover market.

Correct AnswerverifiedShow Answer

Venture capital companies typically

Correct AnswerverifiedShow Answer

Which of the following is the most common entry method for owners of new businesses?

Correct AnswerverifiedShow Answer

Primarily because they require few resources,____________________ businesses are the fastest-growing segment of small-business enterprise.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
Answered by ExamLex AI
An entrepreneur is someone who takes on ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
venture ca...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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