study questions Chapter_06

study questions Chapter_06 - Chapter 6 Entrepreneurship and...

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Chapter 06: Entrepreneurship and Starting a Small Business 6-1 Chapter 6 Entrepreneurship and Starting a Small Business CPS questions
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Chapter 06: Entrepreneurship and Starting a Small Business 6-2 1. Entrepreneurs’ ______ is an example of their importance to our economy. a. impact on the political process b. ability to create jobs for others c. contributions of money to organizations that help people in need d. ability to influence national macroeconomics polices
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Chapter 06: Entrepreneurship and Starting a Small Business 6-3 2. _______ is a group of experienced people from different areas of a business joined together to develop, produce, and market a new product. a. Entrepreneurial team b. Joint venture c. Self-directed functional team d. Managerial task force
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Chapter 06: Entrepreneurship and Starting a Small Business 6-4 3. Which of the following reasons, given by people willing to accept the risks of entrepreneurship, indicate the most common reason for starting a business? a. The desire to earn a profit is the only reason most people have for becoming entrepreneurs b. Many people become entrepreneurs because they do not enjoy working for someone else c. The strongest motivator is the desire to be famous and powerful d. Contrary to popular opinion, most entrepreneurs are not interested in personal achievement
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Chapter 06: Entrepreneurship and Starting a Small Business 6-5 4. Geraldine developed a new type of exercise equipment she calls the Tuck N' Tone. After unsuccessfully searching for potential investors, she arranged a personal loan and borrowed additional money from her parents. Her willingness to continue believing in her idea and remain enthusiastic shows that Geraldine is: a. self-nurturing. b. better suited to managing a nonprofit organization. c. unaware of the risks she was taking. d. not a true entrepreneur.
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Chapter 06: Entrepreneurship and Starting a Small Business 6-6 5. _______ is one of the fastest-growing segments of the U.S. economy in the last decade. a. Large scale manufacturing b. Minority-owned businesses c. Transportation industry d. Farming sector
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Chapter 06: Entrepreneurship and Starting a Small Business 6-7 6. A manufacturing firm with 1,000 employees would be classified as which of the following, according to SBA guidelines? a. A large firm in the industrial sector
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This note was uploaded on 02/26/2012 for the course BMGT 110 taught by Professor Nelson during the Fall '08 term at Maryland.

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study questions Chapter_06 - Chapter 6 Entrepreneurship and...

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