Exam 3 BUSA 2106 UPDATED ACTUAL Questions and CORRECT Answers
1. accepting the risk of starting and running a busi- Entrepreneurship is:
ness.
2. the executive summary Bankers and potential investors
are likely to read
first.
3. entrepreneur Kyra recently quit a job with a
large corporation to start her
own business. While she re-
alizes that her decision comes
with risk, she is excited at the
chance to be independent and
by the challenges of running her
own firm. Kyra is an example of
a(n):
4. The sense of self-satisfaction and independence Which of the following explains
why individuals accept the risks
of business ownership?
5. intrapreneur A creative person working with-
in a corporation to launch new
products and generate new
profits is known as a(n):
6. micropreneur Pete inherited a thriving dry
cleaning business from his fa-
ther and mother. He contin-
ued the tradition of offering
quality service to the customers
he served. As the surrounding
towns expanded, several people
, suggested that Pete expand the
business to offer service in new
locations. He chose to main-
tain only one operation, so as
not to lose control and to keep
his work life and home life bal-
anced. Pete is a good example
of a(n) .
7. Buying too little on credit and not being lenient Which of the following is not a
enough with your credit paying customers reason stated for small business
failure?
8. rewards individuals who are willing to link a com- Aflliate marketing is a
pany's website to their blog or social network page. web-based business strategy
that:
9. small firms often can offer more personalized cus- When comparing small busi-
tomer services than big firms. nesses to their larger competi-
tors, it is clear that:
10. Small Business Administration Which of the following govern-
ment agencies is responsible for
encouraging the development
of small business?
11. learning from others and gaining relevant busi- When starting a small business,
ness experience improves the odds for success. it's important to remember:
12. attract business investment by offering lower taxes Enterprise zones are specific ge-
and government support for development. ographic areas that:
13. angel investors
2/9
1. accepting the risk of starting and running a busi- Entrepreneurship is:
ness.
2. the executive summary Bankers and potential investors
are likely to read
first.
3. entrepreneur Kyra recently quit a job with a
large corporation to start her
own business. While she re-
alizes that her decision comes
with risk, she is excited at the
chance to be independent and
by the challenges of running her
own firm. Kyra is an example of
a(n):
4. The sense of self-satisfaction and independence Which of the following explains
why individuals accept the risks
of business ownership?
5. intrapreneur A creative person working with-
in a corporation to launch new
products and generate new
profits is known as a(n):
6. micropreneur Pete inherited a thriving dry
cleaning business from his fa-
ther and mother. He contin-
ued the tradition of offering
quality service to the customers
he served. As the surrounding
towns expanded, several people
, suggested that Pete expand the
business to offer service in new
locations. He chose to main-
tain only one operation, so as
not to lose control and to keep
his work life and home life bal-
anced. Pete is a good example
of a(n) .
7. Buying too little on credit and not being lenient Which of the following is not a
enough with your credit paying customers reason stated for small business
failure?
8. rewards individuals who are willing to link a com- Aflliate marketing is a
pany's website to their blog or social network page. web-based business strategy
that:
9. small firms often can offer more personalized cus- When comparing small busi-
tomer services than big firms. nesses to their larger competi-
tors, it is clear that:
10. Small Business Administration Which of the following govern-
ment agencies is responsible for
encouraging the development
of small business?
11. learning from others and gaining relevant busi- When starting a small business,
ness experience improves the odds for success. it's important to remember:
12. attract business investment by offering lower taxes Enterprise zones are specific ge-
and government support for development. ographic areas that:
13. angel investors
2/9
