ENT 2113 Final Exam | 100% Correct | Verified | 2024 Version

Entrepreneurial Businesses have the ability to make greater profits in markets that have been ignored by larger corporations. - True The business plan for small businesses should be at least 50 pages long. - False Venture capitalists typically do not invest more than $2 million. - False Entrepreneurial businesses fail to provide a means to meet the varied demands that individuals face in a society. - False A venture capital start-up is oriented toward the personal goals of the founders. - False Years ago, economists mistakenly predicted that small businesses would - be replaced by a smaller number of big businesses. Characteristics of an entrepreneurial firm start-up include all except - having over 100 employees. All of these are harvest plan strategies except - franchising. The U.S. Small Business Administration - aid(s), counsel(s), assist(s), and protect(s) the interests of small business concerns. The development and implementation of a new business is part ________ and part ________. - art; science The World Bank estimates that one of the strongest factors in the growth of any nation's GNP (gross national product) is ________. - the presence of small and medium-sized enterprises