ENT 2113 Practice Final Exam Questions
With Correct Answers
A harvest plan for a small business means the owner is
| | | | | | | | | |
planning to exit the small business
| | | | |
Years ago, economists mistakenly predicted that small businesses would
| | | | | | | |
be replaced by a smaller number of big businesses.
| | | | | | | |
Owning a small business provides a means to meet varied demands that
| | | | | | | | | | |
individuals face in society. Which of the following is not a need
| | | | | | | | | | | | |
mentioned in the text's discussion of how society benefits from small
| | | | | | | | | | |
business ownership? |
Small business owners have greater ability to attract financing from
| | | | | | | | | |
venture capital firms. | |
In the context of entrepreneurship around the world, identify a true
| | | | | | | | | | |
statement about microloans. | |
,The success of such loans has been substantial, with great strides being
| | | | | | | | | | | |
made in many desperately poor nations.
| | | | |
Characteristics of an entrepreneurial firm start-up include all except
| | | | | | | |
having over 100 employees.
| | |
The Bureau of Labor Statistics reported in its most recent 10-year
| | | | | | | | | | |
analysis that |
90 percent of new jobs were created by firms that were less than one
| | | | | | | | | | | | | |
year old. |
Which of the following was the outcome of the Great Depression of the
| | | | | | | | | | | | |
1930s?
Entrepreneurial business as a percentage of the U.S. economic output
| | | | | | | | | |
began to decline. | |
Which kind of business is not likely to be eligible for a microloan
| | | | | | | | | | | | |
program?
, telecommunication center |
Microloans have been in existence for years; they are most commonly
| | | | | | | | | | |
made directly to ________Blank for self-development.
| | | | |
women
What term is used to describe Amazon's ability to purchase more
| | | | | | | | | | |
advertising space at a lower cost per ad?
| | | | | | |
economies of scale | |
According to the U.S. government, a small business is classified as any
| | | | | | | | | | | |
business with fewer than 500 employees.
| | | | |
true
A critical element that an entrepreneur must solve for success is to
| | | | | | | | | | | |
develop the ability to generate consistent and growing sales.
| | | | | | | |
true
With Correct Answers
A harvest plan for a small business means the owner is
| | | | | | | | | |
planning to exit the small business
| | | | |
Years ago, economists mistakenly predicted that small businesses would
| | | | | | | |
be replaced by a smaller number of big businesses.
| | | | | | | |
Owning a small business provides a means to meet varied demands that
| | | | | | | | | | |
individuals face in society. Which of the following is not a need
| | | | | | | | | | | | |
mentioned in the text's discussion of how society benefits from small
| | | | | | | | | | |
business ownership? |
Small business owners have greater ability to attract financing from
| | | | | | | | | |
venture capital firms. | |
In the context of entrepreneurship around the world, identify a true
| | | | | | | | | | |
statement about microloans. | |
,The success of such loans has been substantial, with great strides being
| | | | | | | | | | | |
made in many desperately poor nations.
| | | | |
Characteristics of an entrepreneurial firm start-up include all except
| | | | | | | |
having over 100 employees.
| | |
The Bureau of Labor Statistics reported in its most recent 10-year
| | | | | | | | | | |
analysis that |
90 percent of new jobs were created by firms that were less than one
| | | | | | | | | | | | | |
year old. |
Which of the following was the outcome of the Great Depression of the
| | | | | | | | | | | | |
1930s?
Entrepreneurial business as a percentage of the U.S. economic output
| | | | | | | | | |
began to decline. | |
Which kind of business is not likely to be eligible for a microloan
| | | | | | | | | | | | |
program?
, telecommunication center |
Microloans have been in existence for years; they are most commonly
| | | | | | | | | | |
made directly to ________Blank for self-development.
| | | | |
women
What term is used to describe Amazon's ability to purchase more
| | | | | | | | | | |
advertising space at a lower cost per ad?
| | | | | | |
economies of scale | |
According to the U.S. government, a small business is classified as any
| | | | | | | | | | | |
business with fewer than 500 employees.
| | | | |
true
A critical element that an entrepreneur must solve for success is to
| | | | | | | | | | | |
develop the ability to generate consistent and growing sales.
| | | | | | | |
true
