Test Bank For Canadian Entrepreneurship And Small Business Management 11th Edition By Wesley Balderson

Test Bank For Canadian Entrepreneurship And Small Business Management 11th Edition By Wesley Balderson Version 1 2 MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 1) The growth of small business in Canada has consistently 1) ______ A) surpassed the growth of the Canadian economy as a whole. B) fallen short of the growth of larger organizations in Canada. C) been a matter of frustration for Canadian bankers. D) been centred in the Maritime Provinces. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector. Topic : 01-01 Nature and Development of entrepreneurship in Canada Source : Chapter 01 Test Bank > TB 01-01 The growth of small business in Canada has c... 2) The goal of social entrepreneurs is to 2) ______ A) create a workplace environment that is friendly and caring. B) create social change. C) primarily earn a profit without hurting their customers' feelings. D) have the freedom that comes by not being an employee. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector. Topic : 01-01 Nature and Development of entrepreneurship in Canada Source : Chapter 01 Test Bank > TB 01-02 The goal of social entrepreneurs is to Version 1 3 3) Self-employed people in Canada make up over _______ percent of the labour force. 3) ______ A) 10 B) 15 C) 20 D) 25 Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector. Topic : 01-01 Nature and Development of entrepreneurship in Canada Source : Chapter 01 Test Bank > TB 01-03 Self-employed people in Canada make up over ... 4) Determining the number of new small businesses that are established each year 4) ______ A) is a matter of reviewing new business listing in the Canada.411 website. B) is not an interesting statistic. C) has proved to be difficult, if not impossible. D) is a straightforward process of examining new business registration records. Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector. Topic : 01-02 Increases in the Number of Business Establishments Source : Chapter 01 Test Bank > TB 01-04 Determining the number of new small business... 5) Today, small business owners are viewed 5) ______ A) as people who are usually unemployable. B) without much respect. C) with suspicion. D) very positively. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector. Topic : 01-08 Improvement in the Image of Small Business Source : Chapter 01 Test Bank > TB 01-05 Today, small business owners are viewed Version 1 4 6) The number of small business-related courses at Canadian colleges and universities has _________ in the past few years. 6) ______ A) risen dramatically B) declined C) remained the same D) risen slightly Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector. Topic : 01-05 Increases in the Number of Small Business-Related Courses at Colleges and Universities Source : Chapter 01 Test Bank > TB 01-06 The number of small business-related courses... 7) Recently, both the federal and provincial governments have been working to ______ small businesses have to manage. 7) ______ A) reduce the amount of red tape or bureaucracy B) reduce the number of employees C) increase the number of employees D) increase the taxes and reporting Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector. Topic : 01-04 Increases in Government Interest and Programs Source : Chapter 01 Test Bank > TB 01-07 Recently, both the federal and provincial go... 8) The majority of small business owners are 8) ______ A) employed elsewhere while running the small business. B) single parents. C) the managers of their business. D) former executives in businesses in the same industry as their small business. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin Topic : 01-12 Lending Programs Source : Chapter 01 Test Bank > TB 01-08 The majority of small business owners are Version 1 5 9) The BDC provides 9) ______ A) funding for all small Canadian owned start-up businesses. B) programs for small businesses that satisfy certain criteria. C) management support for small businesses in the manufacturing industry. D) access to customer credit reports for small businesses before they extend credit. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin Topic : 01-12 Lending Programs Source : Chapter 01 Test Bank > TB 01-09 The BDC provides 10) A net operating profit of $500,000 10) ______ A) is a cut off point for the small business deduction. B) is considered a goal for start-ups to achieve in their first 5 years of operations. C) can rarely be sustained by small business in Canada. D) usually ensures that a small business can obtain bank financing. Question Details Accessibility : Keyboard Navigation Difficulty : Hard Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin Topic : 01-12 Lending Programs Source : Chapter 01 Test Bank > TB 01-10 A net operating profit of $500,000 11) Microbusinesses refer to 11) ______ A) businesses that operate in the computer industry. B) retail businesses with only one location. C) totally paperless businesses. D) businesses that employ fewer than five employees. Question Details Accessibility : Keyboard Navigation Difficulty : Hard Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin Topic : 01-12 Lending Programs Source : Chapter 01 Test Bank > TB 01-11 Microbusinesses refer to Version 1 6 12) Any business with less than ________ employees is considered a SME. 12) ______ A) 100 B) 250 C) 500 D) 1000 Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin Topic : 01-12 Lending Programs Source : Chapter 01 Test Bank > TB 01-12 Any business with less than ________ employe... 13) Senior entrepreneurs 13) ______ A) are a small and stable component of Canadian small businesses. B) refer to senior citizens who own a business. C) are rarely successful in their business venture. D) refer to entrepreneurs who have owned their successful business for many years. Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-03 Summarize the current extent of entrepreneurship and small business in Can Topic : 01-15 Senior Entrepreneurs Source : Chapter 01 Test Bank > TB 01-13 Senior entrepreneurs 14) Canadian small business activity is more dominant 14) ______ A) in sectors that are not capital intensive. B) in the same sectors as Canadian large businesses. C) in areas where commercial rental rates are lower than the national average. D) in locations populated primarily by senior citizens. Question Details Accessibility : Keyboard Navigation Difficulty : Hard Learning Objective : 01-03 Summarize the current extent of entrepreneurship and small business in Can Topic : 01-18 Entrepreneurial Activity by Industry Source : Chapter 01 Test Bank > TB 01-14 Canadian small business activity is more dom... Version 1 7 15) The location of the most rapid growth in self-employment 15) ______ A) is expected to decline rapidly in the next few years. B) has been impossible to determine. C) is of little interest to motivated new small business owners. D) has been Ontario and Alberta during the past 10 years. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-03 Summarize the current extent of entrepreneurship and small business in Can Topic : 01-19 Entrepreneurial Activity by Region Source : Chapter 01 Test Bank > TB 01-15 The location of the most rapid growth in sel... 16) Men and women entrepreneurs tend to 16) ______ A) have gender specific backgrounds. B) start their businesses at roughly the same age. C) have similar backgrounds. D) work the same number of hours in their businesses. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-03 Summarize the current extent of entrepreneurship and small business in Can Topic : 01-16 Female Entrepreneurs Source : Chapter 01 Test Bank > TB 01-16 Men and women entrepreneurs tend to 17) Almost _______ percent of Canadian University students believe they will one day become an entrepreneur. 17) ______ A) 20 B) 30 C) 40 D) 50 Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-03 Summarize the current extent of entrepreneurship and small business in Can Topic : 01-14 Young Entrepreneurs Source : Chapter 01 Test Bank > TB 01-17 Almost _______ percent of Canadian Universit... Version 1 8 18) Statistics Canada has found that 99 percent of Canadian SMEs would be classified as 18) ______ A) providing products to niche markets. B) service or service related businesses. C) providing health related services. D) providing health related products. Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-03 Summarize the current extent of entrepreneurship and small business in Can Topic : 01-18 Entrepreneurial Activity by Industry Source : Chapter 01 Test Bank > TB 01-18 Statistics Canada has found that 99 percent ... 19) The majority of innovations and inventions that society benefits from today 19) ______ A) were the responsibility of individuals in small businesses. B) were developed in University research labs. C) have been imported from countries with strong research centres. D) were developed in large businesses with significant research funding. Question Details Accessibility : Keyboard Navigation Difficulty : Hard Learning Objective : 01-04 Examine the various career and entrepreneurial opportunities retail offers Topic : 01-22 Innovations and Inventions Source : Chapter 01 Test Bank > TB 01-19 The majority of innovations and inventions t... 20) Traditional thinking has been that 20) ______ A) the larger the organization, the more likely it is to dominate innovation in its industry. B) the larger the organization, the greater its rate of growth. C) the larger the organization, the less likely it is to succeed. D) the larger the organization, the greater the opportunity to be more productive and profitable. Question Details Accessibility : Keyboard Navigation Difficulty : Hard Learning Objective : 01-04 Examine the various career and entrepreneurial opportunities retail offers Topic : 01-23 Productivity and Profitability Source : Chapter 01 Test Bank > TB 01-20 Traditional thinking has been that Version 1 9 21) Small businesses are generally able to respond 21) ______ A) to changes in the economy less quickly than large businesses. B) to changes in competition at the same speed as large businesses. C) to changes in government policies more quickly than large businesses. D) without any long term impact to large business innovation. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-04 Examine the various career and entrepreneurial opportunities retail offers Topic : 01-24 Flexibility Source : Chapter 01 Test Bank > TB 01-21 Small businesses are generally able to respo... 22) Small business owners contribute to the communities in which they operate in non-business ways 22) ______ A) if they are asked to do so. B) to a greater extent than employees of a large corporation might do. C) on a more limited basis than large corporations. D) because owners of small businesses often are driven by a desire to be liked. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-04 Examine the various career and entrepreneurial opportunities retail offers Topic : 01-27 Social Contributions Source : Chapter 01 Test Bank > TB 01-22 Small business owners contribute to the comm... 23) Which of these is NOT one of the eight attributes of success listed by Peters and Waterman in their study of successful corporations? 23) ______ A) Unbiased Action B) Staying close to the customer C) Productivity through people D) Simple Form - Lean staff Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-04 Examine the various career and entrepreneurial opportunities retail offers Topic : 01-23 Productivity and Profitability Source : Chapter 01 Test Bank > TB 01-23 Which of these is NOT one of the eight attri... Version 1 10 24) Of businesses operating in Canada with less than $2 million in sales, less than one percent are 24) ______ A) successful. B) paying taxes. C) viable long term. D) foreign owned. Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-04 Examine the various career and entrepreneurial opportunities retail offers Topic : 01-25 Canadian Ownership Source : Chapter 01 Test Bank > TB 01-24 Of businesses operating in Canada with less ... 25) The current period of rapid change 25) ______ A) is generally believed to be almost finished. B) is only imaginary and doesn't stand up to close scrutiny. C) is not significant. D) is expected to continue. Question Details Accessibility : Keyboard Navigation Difficulty : Easy Learning Objective : 01-05 Explain the probable future environment for entrepreneurship and the small Topic : 01-28 Small Business and the Future Source : Chapter 01 Test Bank > TB 01-25 The current period of rapid change 26) Computers allow the entrepreneur to 26) ______ A) provide customers with more attractive receipts. B) evade charging sales tax for their products. C) manage large amounts of information as effectively as larger businesses. D) process more transactions than larger businesses. Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-05 Explain the probable future environment for entrepreneurship and the small Topic : 01-30 The Internet and Mobile Technology Source : Chapter 01 Test Bank > TB 01-26 Computers allow the entrepreneur to Version 1 11 27) The small business competitive environment has been mostly affected by 27) ______ A) the globalization of markets and big business's response to small business. B) increasing fashion demands and the shrinkage of the middle class. C) new product development and foreign currency rates of exchange. D) better educated small business owners and free trade agreements. Question Details Accessibility : Keyboard Navigation Difficulty : Hard Learning Objective : 01-05 Explain the probable future environment for entrepreneurship and the small Topic : 01-32 Competitive Aspects of Markets Source : Chapter 01 Test Bank > TB 01-27 The small business competitive environment h... 28) The ________ are an attractive market for business owners and are the largest in Canada. 28) ______ A) Baby Boomers B) Generation X C) Generation Z D) Millennial generation Question Details Accessibility : Keyboard Navigation Difficulty : Medium Learning Objective : 01-05 Explain the probable future environment for entrepreneurship and the small Topic : 01-31 Consumer Demographics Source : Chapter 01 Test Bank > TB 01-28 The ________ are an attractive market for bu... 29) During downturns in the Canadian economy, small companies increase their focus on _______ to a greater degree than large businesses do. 29) ______ A) profits B) innovation C) capital D) growth Question Details Accessibility : Keyboard Navigation Difficulty : Hard Learning Objective : 01-05 Explain the probable future environment for entrepreneurship and the small Topic : 01-33 The Economy Source : Chapter 01 Test Bank > TB 01-29 During downturns in the Canadian economy, sm... Version 1 12 30) It is generally felt that government regulation 30) ______ A) protects society's interests. B) puts small business at a competitive disadvantage to la