FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 6: Entrepreneurship and Starting a Small Business

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 71

True/False

Review LaterAdd Note

Review Later

State and local governments often act as venture capitalists.

A) True
B) False

Correct Answer

verified

Show Answer

Question 72

True/False

Review LaterAdd Note

Review Later

Jason, Robin, and Ian currently work in the marketing department of a large corporation. They have similar backgrounds and training and are thinking about leaving their company to start their own business. Successful entrepreneurial teams are comprised of these types of people because similarities in knowledge and skill ensure harmony and consistency in their new business.

A) True
B) False

Correct Answer

verified

Show Answer

Question 73

True/False

Review LaterAdd Note

As a prospective entrepreneur, Ebony considered a variety of financing sources. Her discussions with a venture capitalist revealed that this type of investor expects to receive a significant ownership interest in her firm.

One way to control the legal costs associated with operating a small business is to purchase a prepaid legal plan.

Labels Plus, LLC, exports specialty printing equipment for the labeling, flexible packaging, and carton industry. Due to increased support from , this company's sales to Brazilian companies and other global opportunities have significantly increased.

Exporting offers small businesses opportunities to reduce their dependence on domestic sales and extend product lives.

Marina has just completed her business degree. She should focus her job search to only include large corporations.

The Small Business Administration's microloan program offers small businesses very small loans.

Since entrepreneurs are starting new businesses, experience gained from working for an established business isn't particularly helpful.

Conventional wisdom reports that 56 percent of all small businesses fail in their first four years of operation.

Most business opportunities offer entrepreneurs high levels of security and profits.

Business incubators provide assistance to established companies attempting to generate foreign sales.

A refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.

Which of the following is a characteristic of successful entrepreneurs?

After several years of working as a regional manager for a nationally known nonprofit, Janelle landed a management position with an innovative small business. If she accepts the job offer, she is likely to find that:

When comparing small businesses to their larger competitors, it is clear that:

Small Business Investment Companies (SBICs) are privately owned companies licensed by the Small Business Administration to lend money to small businesses.

Many micropreneurs are home-based business owners.

Which of the following employment statistics about small businesses is true?

Intrapreneurs make use of to develop and launch new products and generate new profits.