BMF - Chapter 6 - Entrepreneurship

According to the SBA - a small business has less than _____ employees:

Which is NOT a common reason for small business failure?

Most business plans are updated:

Approximately half of small businesses are home-based.

The first step in developing a business plan is to go to the bank for the loan.

Which of the following is NOT a personal characteristic of an entrepreneur:

New businesses often fail when they experience:

A small business is considered to have less than 100 employees.

The majority of small businesses in the U.S. are goods producing businesses.

Everyone who owns or manages a business is an entrepreneur.

Which kind of business should be located where there is access to raw materials and transportation.

When starting a business, you should have a business plan.

The percentage of American's aged 18-64 involved in the entrepreneurship is:

You only need a business plan if you want to get a loan from a bank.

Starting a new business is considered risky.

Most small business owners enjoy working alone?

Most Americans are employed by a small business.

Which is an example of an entrepreneur:

Women own approximately what percentage of small businesses in the U.S.?

There is little risk in entrepreneurship

Which kind of financing is the money needed to pay for current operating activities of a business?

SBA stands for:

Small businesses can typically offer products at a lower price.

Most entrepreneur's starting a new business get their money from the SBA.

Small businesses have an advantage over large businesses because they have more customers to serve.