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Quiz for Chapter 7 Flashcards | StudBud
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Quiz for Chapter 7
Quiz for Chapter 7
20 terms
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Business assignment
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
W
hich of the following percent of Venture capital firms goes toward new companies
25%
70%
60%
80%
2
She needs to raise capital to start her she does not want to share the ownership with anyone which financing resources.
Venture capital firms
Loans and Microloans
SBA Loans
Personal credit card
3
The term "cowboy culture" refers to?
Federal Bureau Investigation
Government agencies
Professional chef
Entrepreneurs constantly changing idea
4
True or False Market Niche is a small market but attractive to small firms?
True
False
5
Describe two opportunities and two threats pertaining to the success of small businesses. (Select 2 that apply)
Insurance cost and high risk of failure
High risk of failure and lack of knowledge experience
Market niches and Personal customer service
Customer service and technology
6
Entrepreneurship people living in high-income countries tend to be more willing to start their own businesses
False
True
7
Which of the following is an intimidating obstacle that small businesses face?
More than one answer
Higher health insurance cost
Lack of tolerance
High risk of failure
8
What are the high risks of failure that cause business to collapse?
None of the above
Transfer ownerships
Closed up Business
Selling business
9
Executive summaries are usually three to four pages.
True
False
10
Value of the goods and services generate, small businesses make a powerful contribution to the U.S. economy in terms of?
Stock market
New possibility job emerge
Entrepreneur ships
The great depression
11
Smaller firms do not have as much difficulty complying with regulations, as larger more regulations based on their size.
True
False
12
A person practice a nine-to-five hour of work. Instead, she organizes meetings. This NOT an example of flexibility?
False
True
13
More than 35% of the richest people in the world do not have a college education.
True
False
14
Sue decides to open a store, she is unsure about how to obtain the start-up fund? It this is an example Venture Capital?
True
False
15
Who among the following is the most appropriate person/people to start his or her own venture
More than one of these answers
An assistant manager over a year cannot make decisions on her own job
Manager for five years discontinue her job she spend time with her children
Laura, who is against approaching others for funds
16
The U.S. Small Business Administration (SBA) gives free money to start-up businesses (averages about $13,000)
True
False
17
There has been a sharp drop in entrepreneurship particularly with millennial according to chapter 7 ONLY
False
True
18
The biggest advantage of utilizing peer to peer lending is that it doesn't have the bureaucratic "red tape"
Personal customer service
Higher up class
None of the above
Market niches
19
In one word describe the characteristics of an entrepreneurs?
Motivated
Risk taker
Persistence
Active
20
Small businesses account for roughly 80% in American rural areas.
True
False
