BPA Chapter 6--Entrepreneurship

Entrepreneurs

All of the following are important factors in becoming an entrepreneur EXCEPT:

In the USA, nearly as many small businesses close as begin each year

Capitalism is starting, organizing, managing, and assuming the responsibility for a business

The most important step in starting a business is preparation.

Almost all people starting small businesses have graduated from....

Once a business plan is written, it should never be revised nor updated.

Most business plans are developed for ____ year(s)

Many small businesses fail simply due to their location.

A business owner needs help from others for financing, a business plan is required.

Money needed to pay the current operating activities of a business is ______ financing

_____ is products or raw materials a business keeps on hand to do business.

A business ___ is a written description of a business idea and how it will be carried out.

Everyone who owns a business is an entrepreneur.

In the US, women own close to this percentage of small business.

In a ________ one person will supply the money.

Members of Service Corps of Retired ____ are retired businesspeople who mentor owners.

All entrepreneurship opportunities emerge from inventions and innovations

The amount of money needed to open a business is ______ financing.

Successful entrepreneurs tend to have all of these characteristics EXCEPT

It is easier for a small business to meet the precise needs of customers than a large business.

__ financing is money needed for the main resources of a business that will last for many years

The Small Business ____ is a US gov't. agency helping small business owners obtain financing