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Entrepreneurship Quiz - Chapter 5
Flashcards
11 cards
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Questions
11
Answers
1
Part of plan ids who will run the firm, the mgmt philosophy, and form of business organization.
Mission Statement
Organizational Plan
Marketing Plan
Vision Statement
2
What part of the business plan defines the market niche, pricing, and company image.
Organizational Plan
Vision Statement
Marketing Plan
Mission Statement
3
The plan of a new business venture that describes all aspects of the business is called?
Vision Statement
Mission Statement
Marketing Plan
Business Plan
4
A small business usually has the owner as a manager and employs less than how many people?
1000
10
100
500
5
Amazon is an example of what kind of business?
Partnership
Small
Dot-com
Franchise
6
Part of the plan that defines the aspirations and major goals a new business with try to reach.
Business Plan
Mission Statement
Vision Statement
Marketing Plan
7
Being your own boss is one example of?
Challenges of Entrepreneurship
Rewards of Entrepreneurship
8
Defines the scope and purpose of a company and reflects its values and beliefs.
Mission Statement
Vision Statement
Business Plan
Marketing Plan
9
Which is not one of the twelve characteristics of a successful entrepreneur?
Restless
Creative
Action-Oriented
Controlling
10
A new business undertaking that involves risk is called?
Market Plan
Virtual Company
Venture
Company
11
What percent of U.S. businesses are small businesses?
99%
25%
68%
85%