Test Flashcards
(100 cards)
Melinda and John Perez, both corporate attorneys in NYC, have grown tired of their lengthy commute, the stress of their jobs, and the overbearing policies of their employers. They have decided to leave their six-figure jobs and together make a guide service in Wyoming. Melinda and John are an example of what
Corporate dropouts and Copreneurs
Small companies
are the lenders in offering training and advancement opportunities to workers.
Which of the following was not identified as one of the suggestions for small business success?
Develop a business plan as you grow your business
Of the 28.8 million businesses in the united states, more than ____ percent are considered small.
99%
Factors that feed the economic boom behind entrepreneurship include ….
All of the above
(Technology and cloud computing, demographic and economic factors, the shift to a service based economy, and international opportunities.)
Small companies that have expanded successfully into foreign markets tend to rely on all but which of the following strategies.
Focus on many countries initially.
Entrepreneurial couples who work together as co-owners of their business are referred to as…
Copreneurs
The Kauffman Foundation reports that nearly one of of ____ entrepreneurs in the united states start businesses of their own because they cannot find jobs elsewhere
5
The only people who ___ are those who never do anything of never attempt anything new.
Fail
Small companies are the incubators of new sale ideas, products and services and create ___ times more patents per employees than large companies.
16
Which of the following in NOT true regarding the diversity of entrepreneurs.
Minority- owned business now account for approximately 22 % of all business in the U.S
Approximately ____ percent of corporate managers who are cast off΅as companies downsize become entrepreneurs.
20%
Entrepreneurs may find benefit from the internet due to its potential ….
As a relatively low-cost solution to expand its revenue- generating abilities.
Research shows that the top-performing __ percent of small companies create 67 percent of the net new jobs in the economy.
5
All of the following are characteristics of the typical entrepreneur except
Value of money over achievement
The Primary cause of small business failures is…
Management Mistakes
Globally the rate of entrepreneurial activity is highest amount between people between the ages of 20 and 44 and the number of Americans in that age range currently is more than ____ million.
84
According to the U.S small business Administration, a common delineation of a small business is one that employs fewer than ____ people
100
______ entrepreneurs are business builders who seek innovative solutions to some of society’s most vexing problems.
Social
Women in the business still experience _____ as they attempt to break the glass ceiling.
Discrimination
Which of the following is NOT a characteristic of a successful working relationship between copreneurs
A clear definition of one partner as a boss and the other as subordinate
Small companies that operate globally from their inception are referred to as
micromultinationals
Earning a profit may not be a companies ____ responsibility
only
_____ is/are the narrowest level of ethical standards
The law
