ENT 2113 Exam 1 Questions With Correct
Answers
One of the huge advantages of starting one's own business is that
| | | | | | | | | | | |
someone else can be the boss. Small business owners are motivated by
| | | | | | | | | | | |
two areas to start a business: the desire to be their own bosses and to
| | | | | | | | | | | | | | |
set their own working hours. - CORRECT ANSWER✔✔-False
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Every business that has been documented in the Fortune 500 list began
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as a new venture by a single individual or a small group of people. -
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CORRECT ANSWER✔✔-True |
An entrepreneurial business's resources are less constrained than those
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of a venture capital-backed business. - CORRECT ANSWER✔✔-False
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Heather Schuck, owner of Glamajama, is an example of how women can
| | | | | | | | | | |
concentrate on more than one facet of life. - CORRECT ANSWER✔✔-
| | | | | | | | | | |
True
A venture capital start-up is oriented toward the personal goals of the
| | | | | | | | | | | |
founder(s). - CORRECT ANSWER✔✔-False | | |
, What term is used to describe individuals or other organizations that
| | | | | | | | | | |
impact the success of a business? - CORRECT ANSWER✔✔-stakeholders
| | | | | | | |
Until the mid-1880s, almost all U.S. businesses were ________. -
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CORRECT ANSWER✔✔-small |
What are the critical elements that an entrepreneur must solve for
| | | | | | | | | | |
success? - CORRECT ANSWER✔✔-all of the above
| | | | | |
The United States Small Business Administration (SBA) was organized as
| | | | | | | | | |
a part of - CORRECT ANSWER✔✔-the Small Business Act of July 30,
| | | | | | | | | | | |
1953.
During the 1970s and 1980s, the ________ occupied the dominant
| | | | | | | | | |
economic position in the world. - CORRECT ANSWER✔✔-Japanese
| | | | | | |
Microloans have been in existence for years; they are most commonly
| | | | | | | | | | |
made directly to ________ for self-development. - CORRECT
| | | | | | | |
ANSWER✔✔-women
Which of the following is a characteristic of a venture capital start-up? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-An experienced president is hired to grow the
| | | | | | | | |
start-up.
Answers
One of the huge advantages of starting one's own business is that
| | | | | | | | | | | |
someone else can be the boss. Small business owners are motivated by
| | | | | | | | | | | |
two areas to start a business: the desire to be their own bosses and to
| | | | | | | | | | | | | | |
set their own working hours. - CORRECT ANSWER✔✔-False
| | | | | | |
Every business that has been documented in the Fortune 500 list began
| | | | | | | | | | | |
as a new venture by a single individual or a small group of people. -
| | | | | | | | | | | | | | |
CORRECT ANSWER✔✔-True |
An entrepreneurial business's resources are less constrained than those
| | | | | | | | |
of a venture capital-backed business. - CORRECT ANSWER✔✔-False
| | | | | | |
Heather Schuck, owner of Glamajama, is an example of how women can
| | | | | | | | | | |
concentrate on more than one facet of life. - CORRECT ANSWER✔✔-
| | | | | | | | | | |
True
A venture capital start-up is oriented toward the personal goals of the
| | | | | | | | | | | |
founder(s). - CORRECT ANSWER✔✔-False | | |
, What term is used to describe individuals or other organizations that
| | | | | | | | | | |
impact the success of a business? - CORRECT ANSWER✔✔-stakeholders
| | | | | | | |
Until the mid-1880s, almost all U.S. businesses were ________. -
| | | | | | | | | |
CORRECT ANSWER✔✔-small |
What are the critical elements that an entrepreneur must solve for
| | | | | | | | | | |
success? - CORRECT ANSWER✔✔-all of the above
| | | | | |
The United States Small Business Administration (SBA) was organized as
| | | | | | | | | |
a part of - CORRECT ANSWER✔✔-the Small Business Act of July 30,
| | | | | | | | | | | |
1953.
During the 1970s and 1980s, the ________ occupied the dominant
| | | | | | | | | |
economic position in the world. - CORRECT ANSWER✔✔-Japanese
| | | | | | |
Microloans have been in existence for years; they are most commonly
| | | | | | | | | | |
made directly to ________ for self-development. - CORRECT
| | | | | | | |
ANSWER✔✔-women
Which of the following is a characteristic of a venture capital start-up? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-An experienced president is hired to grow the
| | | | | | | | |
start-up.
