TEST BANK FOR Essentials of Entrepreneurship and Small Business Management 9th Edition by Norman Scarborough , Jeffrey Cornwall ISBN:978-0134741086 ALL CHAPTERS COVERED YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!! NEW LATEST UPDATE!!!!!

Test Bank for
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Essentials of Entrepreneurship and
JK JK JK JK




Small Business Management
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Revised by Susan Schanne
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Essentials of JK JK




Entrepreneurship JK




and Small Business
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Management
Tenth Edition
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Norman M. Scarborough
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,EssentialsJKofJKEntrepreneurshipJKandJKSmallJKBusinessJKManagement,JK10eJK(Scarboro
ugh)JKChapterJK1 TheJKFoundationsJKofJKEntrepreneurship

1) Globally,JKhowJKdoesJKtheJKUnitedJKStatesJKcompareJKwithJKotherJKcountriesJKinJKtermsJKofJKentrepre
neurialJKactivity?
A) TheyJKlagJKbehindJKotherJKhigh-incomeJKeconomiesJKatJKjustJK10.8JKpercentJKofJKnewJKstartups.
B) TheyJKhaveJKfewer,JKbutJKmoreJKsuccessfulJKstartups.
C) TheyJKareJKwellJKaboveJKtheJKglobalJKaverageJKofJK12.9JKpercent.
D) TheyJKreceivedJKmoreJKbackingJKandJKresourcesJKfromJKtheJKgovernm
ent.JKAnswer:J K C
Diff:JK1
LearningJKObj.:J K 1.1JKDefineJKtheJKroleJKofJKtheJKentrepreneurJKinJKbusinessJKinJKtheJKUnitedJKStatesJKa
ndJKaroundJKtheJKworld.
AACSB: ReflectiveJKThinking

2) AccordingJKtoJKtheJKKauffmanJKFoundation,JKaboutJKhowJKmanyJKentrepreneursJKinJKtheJKUnitedJK
StatesJKstartJKbusinessesJKofJKtheirJKownJKbecauseJKtheyJKcannotJKfindJKjobsJKelsewhere?
A) 7JKpercent
B) 19JKpercent
C) 32JKpercent
D) 43JKpercen
tJKAnswer:J K
BJKDiff:JK2
LearningJKObj.:J K 1.1JKDefineJKtheJKroleJKofJKtheJKentrepreneurJKinJKbusinessJKinJKtheJKUnitedJKStatesJKa
ndJKaroundJKtheJKworld.
AACSB: ReflectiveJKThinking

3) HowJKhasJKtheJKdownsizingJKtrendJKamongJKlargeJKcompaniesJKimpactedJKbusinessJKinJKtheJK
UnitedJKStates?
A) TheJKrateJKofJKtechnologicalJKadvancementJKhasJKslowed.
B) LargeJKfirmsJKtakeJKadvantageJKofJKtheirJKhierarchicalJKstructureJKtoJKexploitJKnewJKmarkets.
C) LargeJKfirmsJKhaveJKbetterJKtechnologyJKthatJKleadsJKtoJKcompetitiveJKadvantage.
D) Small,JKnimbleJKcompetitorsJKareJKbetterJKableJKtoJKexploitJKnicheJKmar
kets.JKAnswer:J K D
Diff:JK2
LearningJKObj.:J K 1.1JKDefineJKtheJKroleJKofJKtheJKentrepreneurJKinJKbusinessJKinJKtheJKUnitedJKStatesJKa
ndJKaroundJKtheJKworld.
AACSB: AnalyticalJKThinking




1
CopyrightJK©JK2026JKPearsonJKEducation,JKI
nc.

,4) Today,JKwhatJKmattersJKmostJKinJKtheJKeconomicJKstructureJKinfluencingJKtheJKUnitedJKStates?
A) TheJKgrowthJKofJKsmallJKbusinesses
B) Long-termJKprofitability
C) FactorsJKofJKproduction
D) KnowledgeJKandJKinformatio
nJKAnswer:J K D
Diff:JK2
LearningJKObj.:J K 1.1JKDefineJKtheJKroleJKofJKtheJKentrepreneurJKinJKbusinessJKinJKtheJKUnitedJKStatesJKa
ndJKaroundJKtheJKworld.
AACSB: AnalyticalJKThinking

5) TheJKgigJKeconomyJKmakesJKupJK58JKpercentJKofJKtheJKU.S.JKworkf
orce.JKAnswer:J K FALSE
Diff:JK1
LearningJKObj.:J K 1.1JKDefineJKtheJKroleJKofJKtheJKentrepreneurJKinJKbusinessJKinJKtheJKUnitedJKStatesJKa
ndJKaroundJKtheJKworld.
AACSB: ApplicationJKofJKKnowledge

6) OneJKstudyJKconductedJKbyJKtheJKGlobalJKEntrepreneurshipJKMonitorJK(GEM)JKreportsJKthatJKnearl
yJKoneJKinJKfiveJKpeopleJKinJKtheJKUnitedJKStatesJKisJKworkingJKtoJKstartJKaJKbusiness.
Answer:J K TRUEJK
Diff:JK2
LearningJKObj.:J K 1.1JKDefineJKtheJKroleJKofJKtheJKentrepreneurJKinJKbusinessJKinJKtheJKUnitedJKStatesJKa
ndJKaroundJKtheJKworld.
AACSB: ApplicationJKofJKKnowledge

7) AccordingJKtoJKGallup'sJKBuilderJKProfileJKassessment,JKhowJKdoJKsuccessfulJKentrepreneursJKma
nageJKrisk?
A) TheyJKunderstandJKthatJKtheJKnatureJKofJKentrepreneurshipJKisJKbasedJKonJKrisk.
B) TheyJKwillJKtakeJKrisksJKonlyJKtoJKincreaseJKtheirJKprobabilityJKofJKsuccess.
C) TheyJKareJKwillingJKtoJKtakeJKhigherJKrisksJKforJKhigherJKrewards.
D) TheyJKsystematicallyJKworkJKtoJKeliminateJK
it.JKAnswer:J K D
Diff:JK2
LearningJKObj.:J K 1.2JKDescribeJKtheJKentrepreneurialJKprof
ile.JKAACSB: ApplicationJKofJKKnowledge




2
CopyrightJK©JK2026JKPearsonJKEducation,JKI
nc.

, 8) WhichJKofJKtheJKfollowingJKbestJKdefinesJKanJKentrepreneur?
A) OneJKwhoJKisJKwillingJKtoJKimplementJKaJKbusinessJKconceptJKandJKthenJKmoveJKonJKifJKitJKdoesJKn
otJKmeetJKimmediateJKexpectations.
B) OneJKwhoJKunderstandsJKtheJKprocessJKofJKdevelopingJKanJKideaJKandJKhiresJKsmallJKcompaniesJKtoJKtu
rnJKthatJKideaJKintoJKaJKviableJKbusinessJKconcept.
C) OneJKwhoJKknowsJKthatJKtheJKconceptJKtheyJKareJKaboutJKtoJKdevelopJKwillJKresultJKinJKaJKprofitableJKbusiness.
D) OneJKwhoJKcreatesJKaJKnewJKbusinessJKinJKtheJKfaceJKofJKriskJKandJKuncertaintyJKbyJKassembl
ingJKtheJKnecessaryJKresourcesJKtoJKcapitalizeJKonJKidentifiedJKopportunities.
Answer:J K DJKD
iff:JK2
LearningJKObj.:J K 1.2JKDescribeJKtheJKentrepreneurialJKprof
ile.JKAACSB: AnalyticalJKThinking

9) WhichJKofJKfollowingJKisJKnotJKaJKcharacteristicJKofJKtheJKtypicalJKentrepreneur?
A) ConfidenceJKinJKtheirJKabilityJKtoJKsucceed
B) ValueJKofJKmoneyJKoverJKachievement
C) DesireJKforJKimmediateJKfeedback
D) AJKfutureJKorientatio
nJKAnswer:J K B
Diff:JK1
LearningJKObj.:J K 1.2JKDescribeJKtheJKentrepreneurialJKprof
ile.JKAACSB: ReflectiveJKThinking

10) HowJKdoesJKtheJKchurnJKrateJKofJKnewJKventuresJKimpactJKtheJKeconomy?
A) LargeJKcompaniesJKwillJKcontinueJKtoJKhaveJKanJKeconomicJKcompetitiveJKedge.
B) ItJKleadsJKtoJKlowerJKlevelsJKofJKnewJKbusinessJKformation.
C) StandardsJKofJKlivingJKdeclineJKwhenJKbusinessesJKfail.
D) ItJKcreatesJKaJKhealthyJKresponseJKtoJKtheJKcompetitiveJKlandsc
ape.JKAnswer:J K D
Diff:JK3
LearningJKObj.:J K 1.2JKDescribeJKtheJKentrepreneurialJKprof
ile.JKAACSB: AnalyticalJKThinking

11) EntrepreneursJKwhoJKrepeatedlyJKstartJKbusinessesJKandJKgrowJKtoJKaJKsustainableJKsizeJKbeforeJKst
rikingJKoutJKagainJKareJKknownJKasJKwhichJKtypeJKofJKentrepreneur?
A) Opportunistic
B) Persistent
C) Serial
D) ClassicJK
Answer:J K
CJKDiff:JK1
LearningJKObj.:J K 1.2JKDescribeJKtheJKentrepreneurialJKprof
ile.JKAACSB: ReflectiveJKThinking




3
CopyrightJK©JK2026JKPearsonJKEducation,JKI
nc.