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Chapter 3: Entrepreneurship, New Ventures, and Business Ownership
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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 3 Entrepreneurship, New Ventures, and Business Ownership 1) Which entity is defined as independent and has little influence on its market? A) Corporation B) Joint venture C) Small business D) Partnership E) Government agency Difficulty: Easy AACSB: Application of knowledge Objective: 3.1: Define small business, discuss its importance to the U.S. economy, and explain popular areas of small business. 2) Th...

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CHAPTER 3 ENTREPRENEURSHIP, NEW VENTURES, AND BUSINESS OWNERSHIP (200 QUESTIONS AND CORRECT ANSWERS)
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CHAPTER 3 ENTREPRENEURSHIP, NEW VENTURES, AND BUSINESS OWNERSHIP CHAPTER 3 CORRELATION TABLE Question Number Question Type Easy Knowledge Moderate Comprehension Difficult Application True / False 1–9 10–41 42–50 Multiple Choice 51–73 74–137 138–150 Short Answer 151–160 161–168 169–175 Essay 176–177 178 179–180 Boxed Features 181–182, 185 183–184, 186–187 188 Short Case Scenario 189–190 191–198 199–200 Question Number Corresponding Learning Objective Easy Kn...

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Business Essentials, 9e (Ebert/Griffin) Chapter 3 Entrepreneurship, New Ventures, and Business Ownership (QUESTIONS AND CORRECT ANSWERS)
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Business Essentials, 9e (Ebert/Griffin) Chapter 3 Entrepreneurship, New Ventures, and Business Ownership 1) The Small Business Administration is the government agency charged with owning small businesses. 2) Small businesses produce more patents per employee than large patenting firms. 3) Most businesses in the United States are large businesses with more than 500 employees. 4) Major innovations are most likely to come from large corporations. 5) Manufacturing is overwhelmingly handled by bi...

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Chapter 3: Entrepreneurship, New Ventures, and Business Ownership
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1 Copyright © 2017 Pearson Education, Inc. Business Essentials, 11e (Ebert/Griffin) Chapter 3 Entrepreneurship, New Ventures, and Business Ownership 1) Which entity is defined as independent and has little influence on its market? A) Corporation B) Joint venture C) Small business D) Partnership E) Government agency Difficulty: Easy AACSB: Application of knowledge Objective: 3.1: Define small business, discuss its importance to the U.S. economy, and explain popular areas of small business. 2) Th...

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ENTREPRENEURSHIP, NEW VENTURES, AND BUSINESS OWNERSHIP
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Total Number of Test Questions: 200 (50 True/False; 100 Multiple Choice; 25 Short Answer; 5 Essay; 8 Boxed Feature; 12 Scenario) Test Item File Chapter 3: Entrepreneurship, New Ventures, and Business Ownership 80 CHAPTER 3 ENTREPRENEURSHIPENTREPRENEURSHIP, NEW VENTURES, AND BUSINESS OWNERSHIP True/False Questions Easy Questions 1. People who assume the risk of business ownership with a primary goal of growth and expansion are called entrepreneurs. Answer: True Level: Easy Page 79 Reference:...

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ENTREPRENEURSHIP, NEW VENTURES, AND BUSINESS OWNERSHIP (updated 2020)
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True/False Questions Easy Questions 1. People who assume the risk of business ownership with a primary goal of growth and expansion are called entrepreneurs. Answer: True Level: Easy Page 79 Reference: Learning Objective 2 / Entrepreneurship 2. Most successful entrepreneurs have a strong desire to be their own bosses. Answer: True Level: Easy Page 79 Reference: Learning Objective 2 / Entrepreneurship 3. Business incubators are facilities that successful, established businesses purchase in an att...

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Strategic Management: Summary of ALL ARTICLES
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Summary of the following articles: "What is Strategy?" (Porter, 1996) "Firm Resources and Sustained Competitive Advantage" (Barney, 1991) “Strategy and the Business Portfolio” (Hedley, 1977) “Separation of Ownership and Control” (Fama & Jensen, 1983) “What is Disruptive Innovation?” (Christensen, Raynor & McDonald, 2015)

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MGMT 3850 CHAPTER 5 HOMEWORK QUESTIONS AND ANSWERS
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MGMT 3850 CHAPTER 5 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 5 Forms of Business Ownership 1) The key to choosing the right form of ownership is: A) envisioning where your business will be in 10 years. B) understanding the characteristics of each form and knowing how they affect your business and personal circumstances. C) forming either an S corporation or a limited liability company since they are the only forms t...

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Business Essentials, 9e (Ebert/Griffin) Chapter 3 Entrepreneurship, New Ventures, and Business Ownership
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Business Essentials, 9e (Ebert/Griffin) Chapter 3 Entrepreneurship, New Ventures, and Business Ownership 1) The Small Business Administration is the government agency charged with owning small businesses. 2) Small businesses produce more patents per employee than large patenting firms. 3) Most businesses in the United States are large businesses with more than 500 employees. 4) Major innovations are most likely to come from large corporations. 5) Manufacturing is overwhelmingly handled by bi...

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TEST BANK FOR MANAGEMENT 3720 {382 QUESTIONS WITH MULTIPLE CHOICES & VERIFIED ANSWERS}
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1. (p. 114) The corporation is the most common form of business ownership. FALSE AACSB: Reflective Thinking Blooms: Knowledge Learning Goal: 05-1 Level of Learning 1: Knowledge of key terms Nickels - Chapter 05 #1 Topic: Basic Forms of Business Ownership 2. (p. 114) The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and corporations. TRUE AACSB: Reflective Thinking Blooms: Knowledge Learning Goal: 05-1 Level of Learning 1: Knowledge of k...

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