AAMI ACTUAL TEST PAPER ACCURATE
QUESTIONS AND CORRECT ANSWERS
GRADED APLUS
●● False
Answer: T or F - Some estimate that entrepreneurs are four times less
likely to be millionaires than are those who work for others.
●● False
Answer: T of F - A refugee is a person who tried entrepreneurship,
failed, and sought
refuge in corporate employment.
●● True
Answer: T or F - Entrepreneurial teams are formed by bringing together
two or more persons who together function as entrepreneurs.
●● True
Answer: T or F - A large percentage of small business owners cite their
desire to be their own boss as
the main reason they left their previous employers.
●● False
,Answer: T or F - Small firms are at a great disadvantage when it comes
to competing based on
customer service.
●● False
Answer: T or F - The ideal age for starting a business appears to be
between 40 and 50.
●● False
Answer: T or F - Unexpectedly stumbling across a business opportunity
would not be considered a precipitating event.
●● An owner-manager who bought out the founder of a firm
Answer: Which of the following is classified as an entrepreneur?
●● have more than 100 employees.
Answer: The size standard for small business used in this course would
exclude firms that
●● is launching his venture into small business entrepreneurship.
Answer: When a 32-year-old funeral director launches a funeral firm
after seven years' experience in that industry, he
, ●● Getting laid off by General Motors.
Answer: Which of the following situations might be a precipitating
event?
●● entrepreneurial legacy
Answer: An entrepreneur's concern that his values continued to be
reflected in
the ways in which his firm conducts business after he retires is an
example of the concept of ________.
●● False
Answer: T or F - Small businesses that practice skimming of income are
acting ethically and legally.
●● False
Answer: T or F - Temptations and pressures to act unethically are
thought to be greater
in big business than in small business.
●● True
Answer: T or F - Small firm owners may be tempted to rationalize
bribery or other unethical behavior as
a way of offsetting what seems to be a competitive disadvantage.
QUESTIONS AND CORRECT ANSWERS
GRADED APLUS
●● False
Answer: T or F - Some estimate that entrepreneurs are four times less
likely to be millionaires than are those who work for others.
●● False
Answer: T of F - A refugee is a person who tried entrepreneurship,
failed, and sought
refuge in corporate employment.
●● True
Answer: T or F - Entrepreneurial teams are formed by bringing together
two or more persons who together function as entrepreneurs.
●● True
Answer: T or F - A large percentage of small business owners cite their
desire to be their own boss as
the main reason they left their previous employers.
●● False
,Answer: T or F - Small firms are at a great disadvantage when it comes
to competing based on
customer service.
●● False
Answer: T or F - The ideal age for starting a business appears to be
between 40 and 50.
●● False
Answer: T or F - Unexpectedly stumbling across a business opportunity
would not be considered a precipitating event.
●● An owner-manager who bought out the founder of a firm
Answer: Which of the following is classified as an entrepreneur?
●● have more than 100 employees.
Answer: The size standard for small business used in this course would
exclude firms that
●● is launching his venture into small business entrepreneurship.
Answer: When a 32-year-old funeral director launches a funeral firm
after seven years' experience in that industry, he
, ●● Getting laid off by General Motors.
Answer: Which of the following situations might be a precipitating
event?
●● entrepreneurial legacy
Answer: An entrepreneur's concern that his values continued to be
reflected in
the ways in which his firm conducts business after he retires is an
example of the concept of ________.
●● False
Answer: T or F - Small businesses that practice skimming of income are
acting ethically and legally.
●● False
Answer: T or F - Temptations and pressures to act unethically are
thought to be greater
in big business than in small business.
●● True
Answer: T or F - Small firm owners may be tempted to rationalize
bribery or other unethical behavior as
a way of offsetting what seems to be a competitive disadvantage.
