Entrepreneurship & Small Business

Question 1

How many STEPS are there to developing a business plan?

Accepted Answer

4

Question 2

Which of the following is considered an opportunity for an entrepreneur?

Accepted Answer

increased customer satisfaction

Question 3

Which of the following is NOT a common source of financing for an entrepreneur?

Accepted Answer

creditors

Question 4

Which of the following are reasons for small business failures?

Accepted Answer

Poor record management

Question 5

Which of the following best describes the term "entrepreneur'?

Accepted Answer

risk taker

Question 6

Which of the following is not a step to developing a business plan?

Accepted Answer

Start the business

Question 7

Which of the following is not a common source to finance a business?

Accepted Answer

Taxes, SCORE

Question 8

Which of following is not a section in a business plan?

Accepted Answer

Chamber of Commerce

Question 9

Which of the following best describes the term "entrepreneurship"?

Accepted Answer

process

Question 10

Which of the following is considered a risk for an entrepreneur?

Accepted Answer

Being unprepared for the time commitment.

Question 11

Which of the following is a section in a business plan?

Accepted Answer

Competition description

Questions 11