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Entrepreneurship and Small Business Management Flashcards | StudBud

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How many companies receive venture capital each year?

What are the steps in a business plan?

Entrepreneurship and Small Business Management

11 terms·StudBud Administration·178 plays

To teach student's the basics of business

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Questions 11

Answers

1
What are the steps in a business plan?
Written Description, Key features, Business activities
Analysis, General Description, Key features
General Description, Credentials, Description of service
Written Description, Business activities, Credentials.
2
How many companies receive venture capital each year?
1,000
2,000
50
500
3
What does every business begin with?
an idea
a customer
an invention
a profit
4
How many businesses are created annually?
500,000
2,500
250,000
700
5
Define improvment
Set of rules for guiding the actions of employees or members
A designed change that increases the usefulness of a product
An agreement between two or more companies
Refers to the duty of a business to contribute
6
What is an entrepreneur
Specific measurement
A government agency that helps small business owners develop
Process of starting, organizing, managing, and assuming
Someone who takes helps a business to earn a profit
7
What is an innovation?
A policyholder's request for payment for a loss
An invention or creation that is brand new
A designed change that increases the usefulness of a product
Money provided by large investors to finance new products
8
What percentage of owners own their own business with no help?
30%
60%
65%
40%
9
How many employees are required to be considered a small business?
20 or less
100 or less
5 or less
500 or less
10
What is long-term financing?
Money to start a business
Money needed for main resources
Money from investors
Money needed to produce goods or services
11
Does a Business Plan have to be written?
True
False