Study Guide Chapters 6 & 7 ITB with
Complete Solutions
99.9% - ANS-What percentage of businesses in the United States are considered small
businesses?
a government agency that provides resources and support to small businesses in the
United States. - ANS-What is the SBA?
a privately owned and operated enterprise with a small number of employees and
limited turnover. - ANS-Define Small Business
A type of private equity financing that investors provide to startup companies and small
businesses. - ANS-Define venture capital
a written document outlining a business's goals, strategies, and financial projections.
Important elements include executive summary, market analysis, company description,
management and organization, and financial projections. - ANS-What is a business
plan? What are the important elements?
actions that align with ethical principles and values. - ANS-Ethical business practices
agility, personalized service, local market knowledge, and the ability to build strong
customer relationships. - ANS-Small Business Advantages
An individual who starts and manages a business, taking on financial risks in the hope
of profit. The process of creating and managing a new venture to achieve success and
profitability. - ANS-Define Entrepreneur & Entrepreneurship
autocratic, democratic, laissez-faire, transformational, transactional, and servant
leadership. - ANS-List and describe the 6 styles of leadership
debt financing (e.g. bank loans), equity financing (e.g. venture capital), and alternative
financing (e.g. crowdfunding). - ANS-Types of financing
fundamental beliefs that guide behavior and decision-making. - ANS-Core values
inadequate cash flow, poor management, lack of planning, and intense competition. -
ANS-Reasons for Small Business Failures (pg. 133)
Complete Solutions
99.9% - ANS-What percentage of businesses in the United States are considered small
businesses?
a government agency that provides resources and support to small businesses in the
United States. - ANS-What is the SBA?
a privately owned and operated enterprise with a small number of employees and
limited turnover. - ANS-Define Small Business
A type of private equity financing that investors provide to startup companies and small
businesses. - ANS-Define venture capital
a written document outlining a business's goals, strategies, and financial projections.
Important elements include executive summary, market analysis, company description,
management and organization, and financial projections. - ANS-What is a business
plan? What are the important elements?
actions that align with ethical principles and values. - ANS-Ethical business practices
agility, personalized service, local market knowledge, and the ability to build strong
customer relationships. - ANS-Small Business Advantages
An individual who starts and manages a business, taking on financial risks in the hope
of profit. The process of creating and managing a new venture to achieve success and
profitability. - ANS-Define Entrepreneur & Entrepreneurship
autocratic, democratic, laissez-faire, transformational, transactional, and servant
leadership. - ANS-List and describe the 6 styles of leadership
debt financing (e.g. bank loans), equity financing (e.g. venture capital), and alternative
financing (e.g. crowdfunding). - ANS-Types of financing
fundamental beliefs that guide behavior and decision-making. - ANS-Core values
inadequate cash flow, poor management, lack of planning, and intense competition. -
ANS-Reasons for Small Business Failures (pg. 133)
