Unit 6/7 Entrepreneurship & Leadership Spring 2020

The process of starting, organizing and managing a business is called a(n):

What the government agency name SBA stand for:

The largest number of US business employ______________________________.

Which of the following is the purpose of a mission statement?

Which of the following is NOT one of the five functions of management?

Which of the following is not shown on an organizational chart?

Which of the following separates a non-profit company from other business structures?

What organization principle is refers to the reporting relationship for all staff

A retailer is an example of a(n):

Which of the following best describes a Limited Liability Company?

Money provided by large investors to finance new businesses

A competitive advantage that small businesses have over larger businesses is

Which of the following is a common reason for small business failure?

Which organizational principle gives employees the right to make decisions?

Every business begins with a(n):

The ability to motivate individuals and groups to accomplish important goals is

The way people get along with each other is known as

In a franchise agreement, what is the job of the franchisee?

Many FBLA chapters collect money and sponsor activities for which charitable organization?

The Small Business Administration describes a small business as follows:

Which of the following is not an element of a business plan?

Which level of management spends their time completing planning and controlling activities?

Money needed for the important resources of a business that will last for many years is called:

Most new businesses require how much in inital funds to start their business?

A person who is not a manager but is still able to get a group focused and organized is using