ENT 2113 University of Oklahoma
Comprehensive Exam Questions With
Correct Answers
A venture capital start-up is oriented toward the personal goals of the
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founder(s). - CORRECT ANSWER✔✔-False | | |
A small business start-up is typically oriented toward the personal goals
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of venture capitalists. - CORRECT ANSWER✔✔-False
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Which of the following is a difference between large organizations and
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entrepreneurial businesses? |
a. Unlike large organizations, entrepreneurial businesses are burdened
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by policies, procedures, corporate layers of management, and public
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stockholders.
b. Unlike entrepreneurial businesses, large organizations will regularly
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ignore business opportunities if they fail to believe the results will
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generate high profits. | |
c. Unlike large organizations, entrepreneurial businesses do things more
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efficiently because they are easily able to achieve economies of scale.
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, d. Unlike entrepreneurial businesses, large organizations have a better
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understanding of the local community in which they conduct business. - | | | | | | | | | | |
CORRECT ANSWER✔✔-b. Unlike entrepreneurial businesses, large
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organizations will regularly ignore business opportunities if they fail to | | | | | | | | | |
believe the results will generate high profits.
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Some small business owners find a patent, and then get permission
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from the owner to develop marketable products based on it. - CORRECT
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ANSWER✔✔-True
Entrepreneurs must quickly react to any business opportunities they | | | | | | | | |
identify to maximize their gains. - CORRECT ANSWER✔✔-False
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Damage from floods and earthquakes is covered by a special form of
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insurance coverage. A small business owner, who chooses, may
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purchase it in addition to basic insurance. - CORRECT ANSWER✔✔-True
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One of the advantages as a Subchapter S Corporation is having
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legitimacy in the market. - CORRECT ANSWER✔✔-True | | | | | |
If a new business deals with toxic waste such as asbestos, it can expect
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to be subject to significant regulation, regardless of the size of the firm. -
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|CORRECT ANSWER✔✔-True |
Comprehensive Exam Questions With
Correct Answers
A venture capital start-up is oriented toward the personal goals of the
| | | | | | | | | | | |
founder(s). - CORRECT ANSWER✔✔-False | | |
A small business start-up is typically oriented toward the personal goals
| | | | | | | | | | |
of venture capitalists. - CORRECT ANSWER✔✔-False
| | | | |
Which of the following is a difference between large organizations and
| | | | | | | | | | |
entrepreneurial businesses? |
a. Unlike large organizations, entrepreneurial businesses are burdened
| | | | | | | |
by policies, procedures, corporate layers of management, and public
| | | | | | | | |
stockholders.
b. Unlike entrepreneurial businesses, large organizations will regularly
| | | | | | | |
ignore business opportunities if they fail to believe the results will
| | | | | | | | | | |
generate high profits. | |
c. Unlike large organizations, entrepreneurial businesses do things more
| | | | | | | | |
efficiently because they are easily able to achieve economies of scale.
| | | | | | | | | |
, d. Unlike entrepreneurial businesses, large organizations have a better
| | | | | | | | |
understanding of the local community in which they conduct business. - | | | | | | | | | | |
CORRECT ANSWER✔✔-b. Unlike entrepreneurial businesses, large
| | | | | |
organizations will regularly ignore business opportunities if they fail to | | | | | | | | | |
believe the results will generate high profits.
| | | | | |
Some small business owners find a patent, and then get permission
| | | | | | | | | | |
from the owner to develop marketable products based on it. - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-True
Entrepreneurs must quickly react to any business opportunities they | | | | | | | | |
identify to maximize their gains. - CORRECT ANSWER✔✔-False
| | | | | | |
Damage from floods and earthquakes is covered by a special form of
| | | | | | | | | | | |
insurance coverage. A small business owner, who chooses, may
| | | | | | | | |
purchase it in addition to basic insurance. - CORRECT ANSWER✔✔-True
| | | | | | | | |
One of the advantages as a Subchapter S Corporation is having
| | | | | | | | | | |
legitimacy in the market. - CORRECT ANSWER✔✔-True | | | | | |
If a new business deals with toxic waste such as asbestos, it can expect
| | | | | | | | | | | | | |
to be subject to significant regulation, regardless of the size of the firm. -
| | | | | | | | | | | | |
|CORRECT ANSWER✔✔-True |
