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