ENT 2113 Final Exam 100% Correct Verified 2024 Version
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ENT 2113 Final Exam | 100% Correct |
Verified | 2024 Version
Entrepreneurial Businesses have the ability to make greater profits in markets that have been ignored by
larger corporations. - True
The business plan for small businesses should be at least 50 pages long. - False
Venture capitalists...
ENT 2113 Final Exam | 100% Correct |
Verified | 2024 Version
Entrepreneurial Businesses have the ability to make greater profits in markets that have been ignored by
larger corporations. - ✔✔True
The business plan for small businesses should be at least 50 pages long. - ✔✔False
Venture capitalists typically do not invest more than $2 million. - ✔✔False
Entrepreneurial businesses fail to provide a means to meet the varied demands that individuals face in a
society. - ✔✔False
A venture capital start-up is oriented toward the personal goals of the founders. - ✔✔False
Years ago, economists mistakenly predicted that small businesses would - ✔✔be replaced by a smaller
number of big businesses.
Characteristics of an entrepreneurial firm start-up include all except - ✔✔having over 100 employees.
All of these are harvest plan strategies except - ✔✔franchising.
The U.S. Small Business Administration - ✔✔aid(s), counsel(s), assist(s), and protect(s) the interests of
small business concerns.
The development and implementation of a new business is part ________ and part ________. - ✔✔art;
science
The World Bank estimates that one of the strongest factors in the growth of any nation's GNP (gross
national product) is ________. - ✔✔the presence of small and medium-sized enterprises
, Which of the following is true of robber barons in the context of the history of entrepreneurial
businesses in the United States? - ✔✔They indulged in great abuses in order to succeed in their
business.
Identify a true statement about the history of entrepreneurial businesses in the United States. - ✔✔The
1880s saw the initial development of the nation's large industrial base.
Small companies have flourished in the United States because they - ✔✔respond more quickly to their
customers' needs.
Which one of the following is a huge advantage for small business owners to start a business? -
✔✔desire to be one's own boss
Identify a defining characteristic of entrepreneurial firms. - ✔✔They tend to be oriented toward the
personal goals of the founder.
An entrepreneur needs to set limits to how much time he or she spends on a business for it to be
successful. - ✔✔False
Entrepreneurs driven by circumstantial motivators are often more proactive than those with personal
motivation for starting a business.
Group starts - ✔✔False
he Myers-Briggs test is used for personality evaluations.
Group starts - ✔✔True
In the context of the triggers that encourage new business formations, circumstance motivators tend to
result in more of a defensive positioning.
Group starts - ✔✔True
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