Which is true about entrepreneurship and small business growth.

Many people start ventures during economic recession

Governments can encourage entrepreneurial development by

Deregulating and reducing taxes

What is a Trend that affects the growth of entrepreneurial ventures?

A higher demand for more convenience products.

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Entrepreneurship 1.01-1.02

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It helps teach about entrepreneurship and the objectives of it

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Questions 14

Answers

1
Which is a financial concern that entrepreneurs often face when staring new businesses?
Long working hours
Lower production standards
Irregular paychecks
Shorter vacations
2
Caitlin remains positive even when times are tough for her business. What is this?
Innovation
Optimism
Organization
Determination
3
What is a disadvantage of entrepreneurship
Personal satisfaction
Lower taxes
Uncertain income
Fewer resources
4
Which is true about entrepreneurship and small business growth.
Small business startups are taxed at a higher rate than most
Many people start ventures during economic recession
Consumer spending is a primaryfactor that influences success
Trades have little effect on small business growth
5
Entrepreneurs often discover business ideas by what is being done currently and
what was done in the past.
how things are being done.
what needs to be done.
when changes were last made.
6
Which is most likely to have a negative effect on domestic small business growth?
Slow inflation
Low interest rates
Restrictive loan policies
involuntary tax reductions
7
The process of starting and operating one's own business.
Venture
Entrepreneurship
Opportunity
Small business
8
An individual who undertakes the risk associated with creating, and owning a business.
Venture
Entrepreneurship
Small Business
Entrepreneur
9
Identifying new product opportunities usually requires a person to be
decisive
aware
indifferent
emotional
10
An individual recognizing possibility of an undesirable outcome and works to the goal anyway.
Flexibiltiy
Self-discipline
Risk taking
Creativity.
11
Any business operated by one or few individuals. Employs less than 100 people.
Opportunity
Venture
Small business
Entrepreneurship
12
Governments can encourage entrepreneurial development by
establishing higher ethical standards
Deregulating and reducing taxes
passing more legislation with strict guidelines
Increasing interest rates on loans
13
Thomas sacrifices social life to focus on building his clientele. what trait is he exhibiting?
Objectivity
Humility
Organization
Determination
14
What is a Trend that affects the growth of entrepreneurial ventures?
A rise in consumers' desire for slow-response times
The shift to an agricultural-based society.
The reduced need for health care and related services.
A higher demand for more convenience products.

Entrepreneurship 1.01-1.02 Flashcards | StudBud