Small Business

The industry that employs the greatest # of people in small business is which of the following?

Some of the risks assumed through self-employment include all of the following except

In the growth stage of the startup process model (Figure 2.3), which of the following

The SBA estimates that there are over 220 million small businesses in the U.S. (pg. 3)

Over 25 percent of all new business owners have an MBA or other professional degree. (p38)

Resources exist to specifically assist women and minority-owned businesses.

Until the early 1800s, most goods were produced

A small business manager and an entrepreneur perform the same functions. (p.26)

Industry classification codes that are based on annual sales revenue or number of employers

SBA 8(a) certification provides preference in bidding on federal and state contracts to (p11)

An entrepreneur faces which of the following environmental forces? (p30)

The major disadvantage of a sole proprietorship is limited liability. (p42)

Creating a new way to organize a business's resources involves (p14)

A manufacturer with fewer than 500 employees is classified as a small business. (p. 5)

Entrepreneurship and small business management are processes, not isolated incidents. (p.26)

Economy of scale is the lowering of costs through production of larger quantities. (p. 7)

More than 50 percent of business owners started their own business in order to earn large sums

A triggering event is a specific event or occurrence that sparks the entrepreneur

In order to take advantage of economies of scale, large businesses usually devote resources

The typical entrepreneur tends to accept moderate risk only after careful examination. (P.36)