Unit 6/7 Entrepreneurship & Leadership Spring 2020

Every business begins with a(n):

What the government agency name SBA stand for:

Which of the following separates a non-profit company from other business structures?

A competitive advantage that small businesses have over larger businesses is

The Small Business Administration describes a small business as follows:

What organization principle is refers to the reporting relationship for all staff

A retailer is an example of a(n):

Which of the following is not shown on an organizational chart?

A person who is not a manager but is still able to get a group focused and organized is using

Many FBLA chapters collect money and sponsor activities for which charitable organization?

Which organizational principle gives employees the right to make decisions?

Most new businesses require how much in inital funds to start their business?

Which of the following is a common reason for small business failure?

The largest number of US business employ______________________________.

Which of the following best describes a Limited Liability Company?

In a franchise agreement, what is the job of the franchisee?

Which of the following is the purpose of a mission statement?

The ability to motivate individuals and groups to accomplish important goals is

Which of the following is not an element of a business plan?

Which of the following is NOT one of the five functions of management?

Money needed for the important resources of a business that will last for many years is called:

The process of starting, organizing and managing a business is called a(n):

Which level of management spends their time completing planning and controlling activities?

The way people get along with each other is known as

Money provided by large investors to finance new businesses