'Durable Doors' is known for its high quality standards, exceptional personalized customer service, and industry leadership. These are indicators of...
If Amanda wants a solution that is the best thing for most people, she should explore the ethical model of
If Amanda wants a solution that is the best thing for most people, she should explore the ethical model of
A. universalism.
B. the Golden Rule.
C....
Which of the following might help Amanda with her situation of inserting a lower quality panel in the garage doors to remain profitable?
Which of the following might help Amanda with her situation of inserting a lower quality panel in the garage doors to remain profitable?
A. Consistency...
If Amanda has tried many ways to think the situation through and still cannot decide whether what she plans to do is ethical, she should explore the ethical model of _____ by asking herself whether she would be comfortable having her decision and name advertised for the public to see.
If Amanda has tried many ways to think the situation through and still cannot decide whether what she plans to do is ethical, she should explore the...
If she continues with her quality standard, she will lose money, but if she inserts panels of mixed lower quality wood she can remain profitable. The situation that Amanda faces can be described as a(n)
If she continues with her quality standard, she will lose money, but if she inserts panels of mixed lower quality wood she can remain profitable.The...
The creation of something new or trying something for the first time refers to
The creation of something new or trying something for the first time refers to
A. personal ethics.
B. innovation.
C. universalism.
D. flexibility...
Often, the alternative to negotiating together can be _____ if the amounts are small, or undertaking legal action if the amounts warrant legal fees or the hassles of enforcing small claims court decisions.
Often, the alternative to negotiating together can be _____ if the amounts are small, or undertaking legal action if the amounts warrant legal fees...
In a negotiation, _____ is the second-best outcome identified by the parties to help clarify the value of achieving a successful negotiation.
In a negotiation, _____ is the second-best outcome identified by the parties to help clarify the value of achieving a successful negotiation.
A. caveat...
"Would others think worse of you if they knew what you had done to resolve your ethical dilemma?" This question is fundamental to which ethical model?
"Would others think worse of you if they knew what you had done to resolve your ethical dilemma?" This question is fundamental to which ethical model?
A....
An ethical model which suggests you treat others in the manner you wish to be treated refers to
An ethical model which suggests you treat others in the manner you wish to be treated refers to
A. the billboard principle.
B. universalism.
C. the...
Which of the following observations concerning the Golden Rule is NOT true?
Which of the following observations concerning the Golden Rule is NOT true?
A. It is an ethical model.
B. It suggests that you treat others in the...
An ethical model that suggests that there is a code of right and wrong that everyone can see and follow refers to
An ethical model that suggests that there is a code of right and wrong that everyone can see and follow refers to
A. the billboard principle.
B. universalism.
C....
Which ethical model supports seeking the greatest good for the greatest number of people?
Which ethical model supports seeking the greatest good for the greatest number of people?
A. Utilitarianism
B. The billboard principle
C. The Golden...
Which of the following statements about caveat emptor is true?
Which of the following statements about caveat emptor is true?
A. Caveat emptor is often the first line of defense by producers of mediocre merchandise.
B....
____ means "let the buyer beware" is a philosophy sometimes used by businesses to put the burden for consumer protection onto the customer.
____ means "let the buyer beware" is a philosophy sometimes used by businesses to put the burden for consumer protection onto the customer.
A. Caveat...
The question in step one of ethical decision-making, "What do you owe others?" focuses on the _____ of people who make decisions.
The question in step one of ethical decision-making, "What do you owe others?" focuses on the _____ of people who make decisions.
A. mutuality
B....
Which of the following is NOT a question in step one of ethical decision-making?
Which of the following is NOT a question in step one of ethical decision-making?
A. Who will be hurt, and how badly?
B. What do others owe you, if...
The first step of ethical decision-making is
The first step of ethical decision-making is
A. creating options for action.
B. defining the moral problem.
C. conducting ethical tests.
D. obtaining...
Which of the following is a three-step process that helps people make better and more ethical decisions?
Which of the following is a three-step process that helps people make better and more ethical decisions?
A. First principles
B. Golden rules
C. Ethical...
Which of the following can occur when there are several different options for a decision one has to make and the best choice is not clear?
Which of the following can occur when there are several different options for a decision one has to make and the best choice is not clear?
A. Community...
_____ occurs when a person's values are in conflict, making it unclear whether a particular decision is the right thing to do.
_____ occurs when a person's values are in conflict, making it unclear whether a particular decision is the right thing to do.
A. Modeling
B. Social...
A system of values that people consider in determining whether actions are right or wrong is referred to as
A system of values that people consider in determining whether actions are right or wrong is referred to as
A. organizational culture.
B. ethics.
C....
Green retailing is
Green retailing is
A. is at the core of exchange in the BRIE model.
B. another term for sustainable entrepreneurship taken from the belief that green...
_____ is a certification standard from the U.S. Green Building Council for buildings that are more environmentally friendly.
_____ is a certification standard from the U.S. Green Building Council for buildings that are more environmentally friendly.
A. LEED
B. Green audit
C....
____ is an approach to operating a firm or a line of business which identifies, creates and exploits opportunities to make a profit in a way that can minimize the depletion of natural resources, maximize the use of a recycled material, or improve the environment.
____ is an approach to operating a firm or a line of business which identifies, creates and exploits opportunities to make a profit in a way that can...
To help small businesses with crisis planning, the federal government recommends all of the following steps for preparing for disasters EXCEPT
To help small businesses with crisis planning, the federal government recommends all of the following steps for preparing for disasters EXCEPT
A....
According to the gold standard for crisis leadership, all of the following are steps to follow in a crisis EXCEPT
According to the gold standard for crisis leadership, all of the following are steps to follow in a crisis EXCEPT
A. show caring and accountability.
B....
When faced with a crisis, what is the first step that a small business owner should follow?
When faced with a crisis, what is the first step that a small business owner should follow?
A. Get to the scene as soon as possible
B. Communicate...
Electronic social networks
Electronic social networks
A. often have membership costs.
B. offer the all-important personal touch.
C. are usually fast and easy to develop.
D....
Which of the following is NOT a key to success in electronic networking?
Which of the following is NOT a key to success in electronic networking?
A. Making it easy for people to contact you
B. Taking initiative to ask others...
Which of the following is the largest online social networking site?
Which of the following is the largest online social networking site?
A. Facebook.com
B. MySpace.com
C. LinkedIn.com
D. Twitter.com
Answer: ...
Interacting with others in order to build relationships useful to a business refers to
Interacting with others in order to build relationships useful to a business refers to
A. networking.
B. flexibility.
C. mutuality.
D. consistenc...
The idea and action of each person helping another refers to
The idea and action of each person helping another refers to
A. networking.
B. flexibility.
C. mutuality.
D. consistency.
Answer: ...
According to the text, what is the most important part of social networking that would make a difference in how you would conduct business every day?
According to the text, what is the most important part of social networking that would make a difference in how you would conduct business every day?
A....
The number one type of help sought by entrepreneurs from the PSED is
The number one type of help sought by entrepreneurs from the PSED is
A. introduction.
B. information.
C. financial resources.
D. physical resourc...
An entrepreneur's relationships and contacts with others is termed as
An entrepreneur's relationships and contacts with others is termed as
A. a social network.
B. visibility.
C. the Golden Rule.
D. mutuality.
Ans...
Which of the following statements about legitimacy indicators is true?
Which of the following statements about legitimacy indicators is true?
A. Across the three types of legitimacy indicators, there are 15 characteristics.
B....
Following rules and orders, not swearing, and dressing appropriately would be examples of which class of ethical standards?
Following rules and orders, not swearing, and dressing appropriately would be examples of which class of ethical standards?
A. Employees should be...
Which of the following legal forms of organization-based legitimacy indicators would be the least legitimate?
Which of the following legal forms of organization-based legitimacy indicators would be the least legitimate?
A. Corporation
B. LLC
C. Sole proprietorship
D....
Which of the following is an organization-based legitimacy indicator?
Which of the following is an organization-based legitimacy indicator?
A. Testimonials
B. Intellectual property
C. Legal form
D. Attire
Answer:&...
Setting technological or service standards adopted by competitors are product-based legitimacy indicators of
Setting technological or service standards adopted by competitors are product-based legitimacy indicators of
A. quality standards.
B. certifications.
C....
Having trademarks, service marks, patents, or copyrights are product-based legitimacy indicators of
Having trademarks, service marks, patents, or copyrights are product-based legitimacy indicators of
A. certifications.
B. customer service.
C. intellectual...
Which of the following is a product-based legitimacy indicator?
Which of the following is a product-based legitimacy indicator?
A. Organization size
B. Testimonials
C. Business network membership
D. Internet i...
Documentation and demonstration offered for products are product-based legitimacy indicators of
Documentation and demonstration offered for products are product-based legitimacy indicators of
A. customer assurance.
B. experiential supports.
C....
The _____ is given by the U.S. Government to businesses and nonprofit organizations that have been judged outstanding in quality leadership; strategic planning; customer and market focus; measurement, analysis, and knowledge management; human resource focus; process management; and results.
The _____ is given by the U.S. Government to businesses and nonprofit organizations that have been judged outstanding in quality leadership; strategic...
_____ refers to certification for having met a standard of quality that is consistently evaluated around the world.
_____ refers to certification for having met a standard of quality that is consistently evaluated around the world.
A. ANSI
B. Six Sigma
C. ISO
D....
Having well-known or well-regarded owners, employees, supporters, or spokespeople is a people-based legitimate indicator of
Having well-known or well-regarded owners, employees, supporters, or spokespeople is a people-based legitimate indicator of
A. public recognition.
B....
Selling brand name merchandise or services is a people-based legitimate indicator of
Selling brand name merchandise or services is a people-based legitimate indicator of
A. attire.
B. product/service name recognition.
C. business network...
The three general forms of legitimacy that you can develop are based on
The three general forms of legitimacy that you can develop are based on
A. products, people, and organization.
B. individuals, teams, and industry...
Achieving _____ means building trust among customers and other key groups.
Achieving _____ means building trust among customers and other key groups.
A. modeling
B. legitimacy
C. visibility
D. flexibility
Answer: ...
____ means that a firm is worthy of consideration or doing business with because of the impressions or opinions of customers, suppliers, investors, or competitors.
____ means that a firm is worthy of consideration or doing business with because of the impressions or opinions of customers, suppliers, investors,...
____ is the major component of "goodwill," and can be found on a business's balance sheet.
____ is the major component of "goodwill," and can be found on a business's balance sheet.
A. Economic capital
B. Social capital
C. Cultural capital
D....
The two ways to build social capital are through
The two ways to build social capital are through
A. consistency and visibility.
B. legitimacy and social networking.
C. culture and personal ethics.
D....
Which of the following statements about small businesses that are high in social capital is false?
Which of the following statements about small businesses that are high in social capital is false?
A. They are not given the benefit of the doubt...
Which of the following includes characteristics of a business, like trust, consistency, and networks that help make business operations smooth and efficient?
Which of the following includes characteristics of a business, like trust, consistency, and networks that help make business operations smooth and efficient?
A....
All of the following are true of social capital EXCEPT
All of the following are true of social capital EXCEPT
A. it includes characteristics like trust, consistency, and networks.
B. it can be accumulated...
According to the text, the goal of any small business owner is to
According to the text, the goal of any small business owner is to
A. manage external relations in order to create social capital.
B. make sure the...
The general description for the processes and skills used in the management of a firm's interactions with people, organizations and institutions outside of its boundary is
The general description for the processes and skills used in the management of a firm's interactions with people, organizations and institutions outside...
The economic sector includes
The economic sector includes
A. trends in the mix of ages, races, and gender in society.
B. innovation, invention, and modernization.
C. the availability...
Which of the following is an example of the general environment?
Which of the following is an example of the general environment?
A. The government
B. The board of directors
C. The economic sector
D. Unions
A...
A part of the external environment made up of sectors of major forces that shape the people and institutions of the task and internal environments is the
A part of the external environment made up of sectors of major forces that shape the people and institutions of the task and internal environments is...
Which of the following would be a part of the task environment?
Which of the following would be a part of the task environment?
A. The owners
B. The political-legal sector
C. Environmental groups
D. Employees
...
Which of the following statements about the task environment is true?
Which of the following statements about the task environment is true?
A. The economic sector includes the trends and current conditions of the overall...
Those parts of the environment that directly and consistently touch on the firm are called the
Those parts of the environment that directly and consistently touch on the firm are called the
A. task environment.
B. internal environment.
C. macroenvironment.
D....
When a small business is first getting started, there is a lot of flexibility in terms of
When a small business is first getting started, there is a lot of flexibility in terms of
A. ethics.
B. finances.
C. government regulations.
D. roles...
Identify the set of shared beliefs, basic assumptions, or common accepted ways of dealing with problems and challenges within a company that demonstrate how things get done.
Identify the set of shared beliefs, basic assumptions, or common accepted ways of dealing with problems and challenges within a company that demonstrate...
The _____ of a firm consists of those people inside the boundary—the owner, any employees, and any other owners or board members of the firm.
The _____ of a firm consists of those people inside the boundary—the owner, any employees, and any other owners or board members of the firm.
A. macroenvironment
B....
Which of the following is at the core of exchange in the BRIE model?
Which of the following is at the core of exchange in the BRIE model?
A. The boundary
B. The environment
C. Identity
D. Resources
Answer: ...
Using low-cost or free techniques to minimize your cost of doing business is known as
Using low-cost or free techniques to minimize your cost of doing business is known as
A. caveat emptor.
B. sustainable entrepreneurship.
C. bootstrapping.
D....
Following the BRIE model in starting a business, the entrepreneur creates a boundary within the environment, setting his firm apart from the rest of the environment. In doing this, the entrepreneur gives the firm a(n)
Following the BRIE model in starting a business, the entrepreneur creates a boundary within the environment, setting his firm apart from the rest of...
In order to start "For Kidz" successfully, Jamie needs all of the following elements to come together EXCEPT
In order to start "For Kidz" successfully, Jamie needs all of the following elements to come together EXCEPT
A. boundary.
B. recruitment.
C. intention.
D....
Jamie should be aware that all of the following are myths about a small business EXCEPT
Jamie should be aware that all of the following are myths about a small business EXCEPT
A. there is not enough financing to start businesses.
B. you...
Given that "For Kidz" will be a small business in a rural area, which of the following characteristics would be true?
Given that "For Kidz" will be a small business in a rural area, which of the following characteristics would be true?
A. Its focus should be on effectiveness
B....
If Jamie gets "For Kidz" up and running, he could be described as all of the following EXCEPT
If Jamie gets "For Kidz" up and running, he could be described as all of the following EXCEPT
A. founder.
B. owner-manager.
C. independent small business.
D....
Where can Jamie go to get some help with his business idea?
Where can Jamie go to get some help with his business idea?
A. Small Business Development Center
B. U.S. Department of Commerce office
C. Incubator
D....
This is the degree of attention your target market pays to your idea or organization.
This is the degree of attention your target market pays to your idea or organization.
A. Efficiency
B. Identity
C. Mindshare
D. Growth
Answer:&...
Social entrepreneurship
Social entrepreneurship
A. involves creating new charitable and civic organizations which are financially self-sufficient.
B. involves bringing new...
Which of the following best describes a corporate form of entrepreneurship?
Which of the following best describes a corporate form of entrepreneurship?
A. It is a form of entrepreneurship involving the creation of self-sustaining...
Identify the type of entrepreneurship which concentrates typically on innovation and customer-focus.
Identify the type of entrepreneurship which concentrates typically on innovation and customer-focus.
A. Public entrepreneurship
B. Corporate entrepreneurship
C....
Public entrepreneurship
Public entrepreneurship
A. focuses typically on customer-focus and innovation, bringing new products or services to market, or opening up new markets...
The entrepreneurial focus which looks at a new thing or a new way of doing things is
The entrepreneurial focus which looks at a new thing or a new way of doing things is
A. customer-focus.
B. innovation.
C. creation.
D. efficiency...
The entrepreneurial focus which refers to doing the most work with the fewest resources is
The entrepreneurial focus which refers to doing the most work with the fewest resources is
A. innovation.
B. creation.
C. efficiency.
D. customer...
The form of entrepreneurship in which a person or group own their own for-profit business is
The form of entrepreneurship in which a person or group own their own for-profit business is
A. independent entrepreneurship.
B. social entrepreneurship.
C....
Which aspect of entrepreneurship refers to being in-tune with one's market?
Which aspect of entrepreneurship refers to being in-tune with one's market?
A. Efficiency
B. Creation
C. Customer-focus
D. Growth
Answer: ...
Which of the following statements about virtual instant global entrepreneurship (VIGE) is false?
Which of the following statements about virtual instant global entrepreneurship (VIGE) is false?
A. VIGE depends on using Web sites like eBay for...
Entrepreneurship levels in countries such as Germany, Israel, the Republic of Korea, and the United States average the lowest of the
Entrepreneurship levels in countries such as Germany, Israel, the Republic of Korea, and the United States average the lowest of the
A. innovation-driven...
Innovation-driven economies
Innovation-driven economies
A. are those where entrepreneurship becomes a key way to build the middle class.
B. are nations where industrialization...
A nation where industrialization is becoming the major force providing jobs, revenues and taxes, and where minimizing costs while maximizing productivity is a major goal is a(n)
A nation where industrialization is becoming the major force providing jobs, revenues and taxes, and where minimizing costs while maximizing productivity...
A nation where the major forces for jobs, revenues and taxes come from farming or extractive industries like forestry, mining, or oil production is a(n)
A nation where the major forces for jobs, revenues and taxes come from farming or extractive industries like forestry, mining, or oil production is...
According to the U.S. Small Business Administration, small businesses generate _____ the number of patents per employee than big businesses.
According to the U.S. Small Business Administration, small businesses generate _____ the number of patents per employee than big businesses.
A. 13...
Mandarin is a restaurant which has opened recently. People from all over town flock to Mandarin to find out how good it is. This gives a big boost to the restaurant's initial business. But it causes the other restaurants in the area to lose business temporarily. The way in which Mandarin hurts existing restaurants is an example of
Mandarin is a restaurant which has opened recently. People from all over town flock to Mandarin to find out how good it is. This gives a big boost to...
The way newly created goods, services, or firms can hurt existing goods, services, or firms refers to
The way newly created goods, services, or firms can hurt existing goods, services, or firms refers to
A. franchising.
B. creative destruction.
C....
The sequence or organization of jobs and careers in the economy refers to
The sequence or organization of jobs and careers in the economy refers to
A. franchising.
B. creative destruction.
C. occupational structure.
D. ...
According to the latest statistics, small businesses have created _____ percent of the new jobs.
According to the latest statistics, small businesses have created _____ percent of the new jobs.
A. 75
B. 25
C. 50
D. 95
Answer: ...
The BRIE model can help an individual deal with one of the biggest hurdles in starting a business, which is
The BRIE model can help an individual deal with one of the biggest hurdles in starting a business, which is
A. getting resources.
B. being inactive.
C....
The desire to start a business represents which element of the BRIE model?
The desire to start a business represents which element of the BRIE model?
A. Intention
B. Boundary
C. Exchange
D. Resources
Answer: ...
Which is the most frequently occurring element of the BRIE model?
Which is the most frequently occurring element of the BRIE model?
A. Intention
B. Boundary
C. Exchange
D. Resources
Answer: ...
Resources
Resources
A. include a business name or government registration.
B. refer to moving goods or service to others in exchange for money.
C. are the most...
A business name or government registration, a phone or e-mail address dedicated to the business, or a specific location for the firm in a home, commercial space, or on the Internet are examples of a(n)
A business name or government registration, a phone or e-mail address dedicated to the business, or a specific location for the firm in a home, commercial...
Which factor distinguishes a firm from the process of buying or selling or bartering we all do occasionally?
Which factor distinguishes a firm from the process of buying or selling or bartering we all do occasionally?
A. Resources
B. Boundary
C. Intention
D....
According to the BRIE model, in order to start a business, you need all of these elements to come together EXCEPT
According to the BRIE model, in order to start a business, you need all of these elements to come together EXCEPT
A. boundary.
B. resources.
C. intention.
D....
According to Sageworks, in 2008, amid a recession, which of the following represented the most profitable industries for small businesses?
According to Sageworks, in 2008, amid a recession, which of the following represented the most profitable industries for small businesses?
A. Manufacturing...
Funding invested for a share of a firm or given as loans or credit from family, friends, and other businesses used to help start or grow a firm is known as
Funding invested for a share of a firm or given as loans or credit from family, friends, and other businesses used to help start or grow a firm is known...
Which of the following is NOT a myth about small businesses?
Which of the following is NOT a myth about small businesses?
A. There is not enough financing to start businesses.
B. You need to make something if...
The ability of business owners to structure life in the way that suits their needs best refers to
The ability of business owners to structure life in the way that suits their needs best refers to
A. flexibility rewards.
B. family rewards.
C. growth...
For entrepreneurs, perhaps the most rapidly growing type of reward is _____ rewards.
For entrepreneurs, perhaps the most rapidly growing type of reward is _____ rewards.
A. recognition
B. flexibility
C. income
D. growth
Answer:&...
These rewards refer to the money made from owning your own business.
These rewards refer to the money made from owning your own business.
A. Growth rewards
B. Flexibility rewards
C. Income rewards
D. Performance re...
_____ rewards are what people get from facing and beating or learning from challenges.
_____ rewards are what people get from facing and beating or learning from challenges.
A. Recognition
B. Flexibility
C. Income
D. Growth
Answer...
Which of the following is a reward that is rarely mentioned by entrepreneurs?
Which of the following is a reward that is rarely mentioned by entrepreneurs?
A. Building great wealth
B. Flexibility
C. Continuing a family tradition...
All of the following are the popular reward types for small business owners EXCEPT
All of the following are the popular reward types for small business owners EXCEPT
A. flexibility.
B. power.
C. income.
D. growth.
Answer: ...
The resource constrained sector
The resource constrained sector
A. are firms that have low to moderate levels of innovation and growth.
B. are high growth and high innovation firms.
C....
All of the following relate to firms in the ambitious firm sector EXCEPT
All of the following relate to firms in the ambitious firm sector EXCEPT
A. they are mostly franchises and multisite firms.
B. they are characterized...
Which of the following is an example of the glamorous sector?
Which of the following is an example of the glamorous sector?
A. Inventors
B. Fortune 500s
C. Small businesses
D. Franchises and multisite firms
...
According to the Dynamic Capitalism Typology, the glamorous sector
According to the Dynamic Capitalism Typology, the glamorous sector
A. consists of firms with high growth and high innovation.
B. consists of the most...
Why are small businesses considered the economic core of society?
Why are small businesses considered the economic core of society?
A. They are high growth and high innovation firms.
B. They are made up of franchises...
Identify the most numerous and widely available type of firm, ranging from low to moderate levels of innovation and growth.
Identify the most numerous and widely available type of firm, ranging from low to moderate levels of innovation and growth.
A. Resource constrained...
Rating firms high or low on innovativeness and potential for growth helps identify the different types of businesses in what is called
Rating firms high or low on innovativeness and potential for growth helps identify the different types of businesses in what is called
A. Dynamic...
Which of the following refers to the eventual size of the market, which can range from a small, local, or niche market to something used by millions or even billions?
Which of the following refers to the eventual size of the market, which can range from a small, local, or niche market to something used by millions...
Identify the characteristic of a high-tech venture.
Identify the characteristic of a high-tech venture.
A. Owner's own money is the preferred funding source
B. Focus is on efficiency
C. Delegation is...
Identify the characteristic of a small business.
Identify the characteristic of a small business.
A. When the firm is in trouble, it focuses on selling more products/services
B. Approach to human...
Which of the following is an attribute of a high-growth venture?
Which of the following is an attribute of a high-growth venture?
A. When the firm is in trouble, it cuts costs
B. Metastrategy is novelty
C. High-growth...
Which of the following is a characteristic of a small business?
Which of the following is a characteristic of a small business?
A. Preferred funding source is other people's money
B. Focus is on efficiency
C. Approach...
The key market knowledge for a small business
The key market knowledge for a small business
A. is to know how to seek and obtain external financing.
B. focuses on its immediate marketplace and...
People starting high-growth ventures
People starting high-growth ventures
A. require key market knowledge that focuses on their immediate marketplace and communities.
B. focus on how...
A person who becomes an owner through inheriting or being given a stake in a family business is called a(n)
A person who becomes an owner through inheriting or being given a stake in a family business is called a(n)
A. founder.
B. manager.
C. heir.
D. b...
A prepackaged business bought, rented, or leased from a company is called a(n)
A prepackaged business bought, rented, or leased from a company is called a(n)
A. incubator.
B. imitative firm.
C. franchise.
D. novelty.
Answe...
Small businesses are
Small businesses are
A. imitative in nature.
B. characterized by novelty.
C. described as being unique and distinctive.
D. prepackaged businesses...
Truly entrepreneurial businesses are characterized by _____, in their products, services, or business models.
Truly entrepreneurial businesses are characterized by _____, in their products, services, or business models.
A. novelty
B. imitation
C. experience
D....
____ is one who profits from a business but is not involved in its day-to-day operations.
____ is one who profits from a business but is not involved in its day-to-day operations.
A. incubator
B. absentee owner
C. owner-manager
D. fran...
____ refers to constant or at least daily management of a business by its owner.
____ refers to constant or at least daily management of a business by its owner.
A. Franchise.
B. Licensing
C. Franchising
D. Owner-management
...
A business owned by an individual or small group is referred to as a(n)
A business owned by an individual or small group is referred to as a(n)
A. franchise.
B. incubator.
C. team-dependent business.
D. independent small...
Among SMEs, medium enterprises have _____ people.
Among SMEs, medium enterprises have _____ people.
A. 51-500
B. 251-500
C. 1-50
D. 1-20
Answer: ...
The Small Business Administration categorizes a business in the U.S. as small, if it has fewer than _____ employees.
The Small Business Administration categorizes a business in the U.S. as small, if it has fewer than _____ employees.
A. 50
B. 500
C. 300
D. 1,000...
The U.S. government agency that helps people start business is the
The U.S. government agency that helps people start business is the
A. Small Business Administration.
B. U.S. Department of Business Development.
C....
___ are the offices co-sponsored by states and the federal government, that offer free or low-cost help to existing and potential small businesses.
___ are the offices co-sponsored by states and the federal government, that offer free or low-cost help to existing and potential small businesses.
A....
What percent of firms getting help in incubators were still going at four years?
What percent of firms getting help in incubators were still going at four years?
A. 50
B. 81
C. 66
D. 87
Answer: ...
A facility which offers subsidized space and business advice to companies in their earliest stages of operation is called a(n)
A facility which offers subsidized space and business advice to companies in their earliest stages of operation is called a(n)
A. small business administration...
According to the Small Business Administration, about two-thirds of new firms with employees survive four years, and for owner-only firms, this rate is __50___ percent surviving four years.
According to the Small Business Administration, about two-thirds of new firms with employees survive four years, and for owner-only firms, this rate...
Identify the two hurdles that people need to overcome to move from thinking about owning their own business to achieving it.
Identify the two hurdles that people need to overcome to move from thinking about owning their own business to achieving it.
A. Moving from inaction...
According to the text, small business involves _____ people and has its owner managing the business on a day-to-day basis.
According to the text, small business involves _____ people and has its owner managing the business on a day-to-day basis.
A. 100-200
B. 1-50
C. between...
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