Question 1(1 point)Adam has contracted with about a third of the dozens of artisans in his town in the mountains of South Carolina. His reputation has grown; he now believes the sky’s the limit for this web page design and maintenance business. What kind of small business does Adam have? Question 1 options:lifestyle businessmicrobusinesshigh-potential ventureattractive small firm Save Question 2(1 point)A firm that provides substantial profits to its owner is called a(n): Save Question 3(1 point)Which of the following best fits the definition of a small business? Save Question 4(1 point)Eduardo took out a second mortgage on his home to finance his new business. He makes all the decisions and keeps all the profits. Eduardo is:
Save Question 5(1 point)A prospective entrepreneur is evaluating the suitability of his own characteristics for an entrepreneurial career. He realizes that he should be prepared to assume: Question 5 options:moderate risks.no risks--that is, he should plan to operate conservatively.risks similar to those a gambler assumes in Las Vegas.psychological risks but not financial risks. Question 6(1 point)Jasper is so convinced he will succeed he has mortgaged his home, maxed out his credit cards, and borrowed from his retirement savings to finance his business. Jasper is: Save Question 7(1 point)Martina expected to build her direct sales business to the point that she can quit her day job after six months. Five months later she barely has any customers. Martina:
Save Question 8(1 point)Lucien recently opened a shop to repair antique furniture. Which of the following best describes Lucien? Save
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- Fall '11
- Managerial Accounting, Abner