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25. Which of the following firm achieves modest growth:A. High potential growth firm4
B. Foundation firmC. Life styleD. Public companyANSWER: A26. Which one of the following is a barrier to new product creation and development?27. In terms of chronological age, most entrepreneurs initiate their entrepreneurial carrier betweenages of:28. Selling goods to another country through a person in the entrepreneurs home country is knownas:29. The business plan should be prepared by:A. EntrepreneursB. ConsultantsC. EngineersD. All of above optionsANSWER: D30. Which one of the following best represents the environment of an entrepreneurial orientedorganization?31. Individuals who help the entrepreneur in business activities are called:
32. . Which one of the following is a business arrangement in which someone else is allowed to usesomething of the company?33. Which of the following method entrepreneur can use to do international business with leastrisk?A. Turnkey projectsB. Joint ventureC. MergerD. SynergyANSWER: A34. A legally binding agreement between two parties is called:35. Having more than 50% ownership position that provides the entrepreneur with managerialcontrol is called:36. Which one of the following is a sound strategic option for an entrepreneur when synergy ispresent?37. Which of the following factor is most important in forming a new business?A. FinanceB. Marketing
C. Government support
D. Family support
38. An entrepreneur is also successful in international business as well if he understands: