stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
keithen varmall Flashcards | StudBud
Explore
/
keithen varmall
keithen varmall
35 terms
·
StudBud Administration
·
2 plays
Imported from external platform
Flashcards
35 cards
F
Practice quiz
P
Host live
L
Questions
35
Answers
1
Which of the following is NOT true about business characteristics
It operates in one or very few locations
The owner is usually the manager
It is dominant in its field
It typically serves a small market
2
Young entrepreneurs are equally divided between male and female
False
True
3
In a proprietorship..
One person will supply the money
each partner will be expected to contribute
Easy to run
Owned and financed by shareholders
4
KEITHEN VARMALL - An Entrepreneur is someone who
someone who engages in hand to hand combat in the navy
someone who can identify how many people are in a room
takes risks by starting a business to try and earn profit
takes their time studying how to make portals
5
(6.2) Which of the following sets standards for small buisnesses
The National Aeronautics and Space Administration (NASA )
Small Business Administration (SBA)
Occupational Safety and Health Administration (OSHA)
IDK
6
In a partnership..
One person will supply the money
each partner will be expected to contribute
Easy to run
Owned and financed by shareholders
7
Which of the following is not a section of the business plan
Operations plan
Description of the business
Business disagreements
Customer analysis
8
Which of the following is NOT a reason of failure
Not keeping adequate records
Not controlling operating expenses
Not having enough start up money
Not taking their yearly vacation
9
Which of the following is TRUE
Wholesalers do not need easy access to manufacturers
Transportation doesn't have to be easy to reach
If a business is hard to find, potential customers will stay away
Timing is NOT a key factor in starting a business
10
Nearly 19% of business owners are under 35
True
False
11
Business ideas come from hobbies and interests
True
False
12
If a business is hard to find, customers will be easy to find
False
True
13
A new business can run out of money before it can become profitable
True
False
14
in 2020, small businesses created 1.6m net jobs
True
False
15
Which of the following do you NOT need to be an entrepreneur
Confidence
Unique skills
Weightlifting class
Personal characteristics
16
(6.3)Which of the following is NOT something you should study
An idea plus experience successful
Right place and right time
Editing the commercial
Team approach
17
Its easier for larger businesses to meet precise needs for their customers
True
False
18
Women own 35 percent of all small businesses
True
False
19
Which of the following do NOT have specialized with business knowledge
Sports managers
Lawyers
Accountants
Bankers
20
Nearly 16% of all americans between 18 and 64 are involved with entrepreneurship activity
False
True
21
during covid 19 business applications increased by 24%
True
False
22
Many businesses operate on
a small market
a wagon
part-time basis from the owners home
a plane
23
In a corporation..
Owned and financed by shareholders
each partner will be expected to contribute
Easy to run
One person will supply the money
24
Venture capital is
The state or right of owning a business or holding property
An association of two or more people as partners
Money provided by large investors to finance new products
The branch of a nation's armed services that conducts military operations
25
Ownership is NOT diverse
True
False
26
The first step in developing the business plan is to
Gather and review
Study strengths and weaknesses
Study other businesses
Get a legal team
27
You can get information from Internet, Libraries, Colleges or Universities, Small Business centers
True
False
28
Which of the following is NOT a risk for closures
Lack of adequate capital
Not enough money to buy the latest jordans
Low sales
Competitive pressure
29
Most businesses start with which of the following
A trust fund from their rich uncle
A pony
A crew of workers
A Investment of 10k
30
99.9 percent of small businesses are small businesses in the U.S.
False
True
31
Start-up financing is...
Money needed for main resources
The amount of money needed to open the business
Money needed to operate activities
Money needed for advertising a business
32
1 year is required before most new businesses can earn profit
False
True
33
Entrepreneurs are
Competitive, Creative, Energetic, Goal Oriented
Independent, Inquisitive, Persistent, Delusional
Reliable, Self-Confident, goated, non-goated
Smart, Sweet, Sour, Simple
34
Businesses have fewer than 500 employees
True
False
35
Which of the following is false about start up fund varieties
Banks (21%)
Online lenders (4%)
Family and friends (16%)
Personal savings and credit (77%)
