Motivated to operate his own bus., Nick considers purchasing an existing business. As he weighs options he likely finds

value of a business is what it owns, earns, and why it's unique

Which of the following is not a recommended source of small business advice for persons contemplating a new business?

Other prospective small business owners

Which of the following is not a reason stated for small business failure?

Buying little on credit, not being lenient enough w/credit paying customers

Keaton is an intrapreneur for a multinational electronics company. As an intrapreneur Keaton:

will use the firm's existing resources to develop new products.

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Chapter 6 Intro to Business

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Entrepreneurship, Starting a Small Business

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Questions 7

Answers

1
Motivated to operate his own bus., Nick considers purchasing an existing business. As he weighs options he likely finds
very few owners of small businesses have any interest in selling.
value of a business is what it owns, earns, and why it's unique
his potential for success would greatly improve if he started his own new f
an entrepreneur willing to sell a business has serious financial issues
2
Two key management functions that need particular attention when starting a business are:
planning and financing.
marketing and public relations.
staffing and controlling.
human relations and accounting.
3
Which of the following is not a recommended source of small business advice for persons contemplating a new business?
Other prospective small business owners
Successful small business owners
SCORE [Service Corps of Retired Executives]
University internship programs
4
Which of the following is not a reason stated for small business failure?
Inadequate financial planning
Borrowing money without a plan of how and when you will repay the debt
Buying little on credit, not being lenient enough w/credit paying customers
Managerial incompetence
5
Your brother opened a new dental office in your hometown. You know that this business type experiences low failure rates
True
False
6
Most business opportunities offer entrepreneurs high levels of security and profits.
True
False
7
Keaton is an intrapreneur for a multinational electronics company. As an intrapreneur Keaton:
will use the firm's existing resources to develop new products.
will concentrate on creating new ventures that can be spun off to become in
is concerned mainly with improving the firm's public image.
is expected to recruit new managerial talent for his firm.

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