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1.01 -1.02 Entrepreneurship Review Flashcards | StudBud
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1.01 -1.02 Entrepreneurship Review
1.01 -1.02 Entrepreneurship Review
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1
Governments can encourage entrepreneurial development by
increasing interest rates on loans
passing more legislation with strict guidelines
deregulating and reducing taxes
2
Where can you find start-up cost info associated with opening a self serve landromat?
Coin laundry trade association
Service Corps of Retired Executives
3
Which of the following statements is trueregarding training for entrepreneurial ventures:
Type of training depends on nature of start up business
Most have 4 year degrees
Once trained, they rarely need more education
4
Which is a financial concernthat entrepreneurs often face when starting new businesses:
Long working hours
Irregular paychecks
5
What is a trend that affects the growth of entrepreneurial ventures?
Shift to agriculture based society
Higher demand for convenience products
Reduced need for health care
6
Which of the following statements is true about entrepreneurship and small business growth:
Trade doesn't effect business
Small business pay higher taxes
Start businesses during recession
7
Entrepreneurs often seek help from _______________ to fund thier business idea.
Small business Advisors
Capital Managers
Venture Capitalist
8
Entrepreneurs discover start-upideas by looking for gaps in what is currently being done and
what needs to be done
what was done in the past
how things are being done
9
When times are tough, but you remain positive shows this:
Innnovation
Organization
Optimisim
10
A reliable source of general business start-upinformation
Small Business Administration www.sba.gov
the Project Management Institute
Wikipedia
11
Which has a negative impact on business?
Restrictive loan policies
Low interest rates
Tax reductions
12
Why are small business promoted by local govt?
Owned by 1 person
Important to economy
May become big business
13
What is a disadvantage of entrepreneurship?
Uncertain income
Personal satisfaction
Fewer resources
14
Jack, a SCORE volunteer, agreed to act asPam's guide in a business start-up process. He is her:
Mentor
Intermediary
Entrepreneur
15
Home-based businesses are attractive to many people because the businesses generally
Provide steady income
Lower startup costs
Yield higher profit margins
