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Entrepreneurship Quiz Flashcards | StudBud

Explore/Entrepreneurship Quiz

How many small businesses are there

How was the SBA created

Entrepreneurship Quiz

13 terms·StudBud Administration·1 play

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Questions 13

Answers

1
How was the SBA created
As a person
As a bank
As a business
As an independence agency
2
How many small businesses are there
22.2 million
51.3 million
15.5 million
31.7 million
3
When was the SBA created
1776
1993
1924
1953
4
What is the most common way businesses are financed
Personal savings
Daddy’s money
Financial institutions
Credit cards
5
How are most small businesses legally organized
Sole proprietorships
Dual proprietorships
There not
Franchisee
6
What is the survival rate for new businesses in the first to years
55 percent
22 percent
49 percent
67 percent
7
What does SBA stand for
Small Business Administration
Super Megaphone Adapter
Seismic Brain Atom
Submarine Bottle Association
8
How is small business defined by the SBA
Fewer than 1000 employees
Fewer than 500 employees
Fewer than 250 employees
Fewer than 100 employees
9
What does the SBA do
Help Small Businesses take out bigger Businesses
Helps small business stay afloat and succeed
Ruin Small Businesses
Supply Small Businesses with money
10
How many businesses do women own( nonemployer and employer)
5.6. million
12.7 million
11.1 million
2.3. million
11
What percent are franchises
5 percent
22 percent
59 percent
34 percent
12
How many businesses open and close each year
1.3 million 242k close
1 million opened 898k closed
575k open 157k close
2 million opened 223k close
13
What percent of firms are home based
42 percent
24 percent
15 percent
81 percent