Chapter 3 Quiz

The Sole proprietorship is the easiest and cheapest form or type of business ownership

Each of the following is a popular area for small business concentration, EXCEPT which one?

All of the following are reasons for small business failure, EXCEPT for which one?

Which of the following represents one of the existing trends for small business start-ups?

The best definition of Entrepreneurship  is

Each of the following is a potential source for small business funding, EXCPET for which one?

When PLANNING to start a new business, which of the following is one of the first things you do

Which of the following is the main reason most small businesses are in the services sector?

Each of the following is one reason why small business succeed, EXCEPT for which one?

Which of the following is one of the key distinctive competencies of small business?

Entrepreneurs usually have which of the following basic characteristics?

Always determine if there is a market for your product/service before opening a business - test

When two companies combine to form a new company this is called ________________________

Each of the following is a type of corporation, EXCEPT for which one?

Each of the following is an entreprenuer's viewpoint on risk, EXCEPT for which one?

Which of the following best describes the entrepreneur of today?

BEFORE embarking on a new business venture, which of the following is most important?

Which of the following is NOT a contribution made by small businesses?

All of the following are basic questions that a business plan should answer EXCEPT which one?

Which of the following best defines a small business?

All of the following are viable methods of starting a small business, EXCEPT which one?

Each of the following is an example of a goal of the Entrepreneur, EXCEPT which one?

Which of the following would be the best option for obtaining financing for a new business?