Sue pallen is a partner in a cake decorating company

This preview shows page 10 - 14 out of 31 pages.

51.Sue Pallen is a partner in a cake-decorating company. Her role within the company is to identifynew markets for growth and sustaining the company's long-term financial health by maintaining allfinancial records. As such, Sue can best be described as a/an(A) Entrepreneur(B) CEO(C) Nonprofit manager(D) Small business managerAnswer :(D)
52.The time span for the innovation phase may be
53.The phase of implementation in the entrepreneurial process involves all but which of thefollowing?
(C) Industrial reorganization(D) Developing an advertising campaignAnswer :(D)54.Which of the following is the key element needed to bring the entrepreneurial idea to realityduring the implementation stage?
55.When does the entrepreneurship stage end and the small business management stage begin?(A) When the maturity stage ends(B) When the growth stage ends(C) After the entrepreneurial event ends(D) When the triggering event endsAnswer :(C)
56.Which stage of the startup process is characterized by relative certainty that the business willsurvive?
57.The stage in the startup process model in which the small business owner removeshimself/herself from the business is which of the following?
(C) Implementation(D) HarvestAnswer :(D)58.In the growth stage of the startup process model, what is the primary goal of the small business?
59.Forces that occur outside of the business that affect the business and its owner are referred toas(A) Financial factors(B) Controlled factors(C) Environmental factors(D) Internal factorsAnswer :(C)
60.In the triggering event and the implementation stages of the startup process model, which of thefollowing environmental factors will affect the small business?
61.An entrepreneur faces which of the following environmental forces?
(D) Identifying product opportunitiesAnswer :(D)

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 31 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
kosh

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture