Chapter 5 Quiz Questions - Chapter 5 Small Business Entrepreneurship and Franchising Quiz Multiple Choice 1 Megha is a taekwondo expert who starts her

Chapter 5 Quiz Questions - Chapter 5 Small Business...

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Chapter 5: Small Business, Entrepreneurship and Franchising – QuizMultiple Choice1.Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n):A. ShareholderB. EntrepreneurC. InventorD. IntraprentureE. Investor2.Vernon runs Buzz, his own event management company, which frequently organizes large corporate events. He has built a good reputation for organizing corporate events with a fair degree of professionalism at reasonable costs. He works out of his old house with a staff of about 55 employees. Vernon’s company can be categorized as a:A.Multinational CorporationB.Limited Liability CompanyC. FranchiseD.Public Sector HoldingE.Small business3.The Small Business Administration is a(n):B. Independent agency of the federal government that offers managerial and financial assistance to small businesses4.Which of the following reasons makes retailing an attractive industry for small businesses?5.Which of the following traits will help entrepreneurs succeed?6.Which of the following is a disadvantage of small businesses?
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