FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 1: Entrepreneurs: the Driving Force Behind Small Business

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 51

Multiple Choice

Review LaterAdd Note

Review Later

Most of today's immigrant entrepreneurs come into the U.S.with:

A) significant educational and financial resources.
B) few skills,little education,and no financial resources.
C) few assets but lots of dedication and desire.
D) little education but significant financial backing from their families in their home countries.

E) B) and C)
F) C) and D)

Correct Answer

verified

Show Answer

Question 52

True/False

Review LaterAdd Note

Review Later

Studies indicate that the opportunity to make a difference is a significant benefit in the eyes of most entrepreneurs.

A) True
B) False

Correct Answer

verified

Show Answer

Question 53

True/False

Review LaterAdd Note

The trend in corporate downsizing and the resulting trust gap have spawned both the "corporate castoff" and the "corporate dropout."

Mary and Ted are discussing starting a new business and are asking themselves a series of questions like;"What is the worst that could happen if we fail?" "How likely is that to happen?" They are assessing which potential drawback of small business ownership?

Entrepreneurs usually experience greater income stability running their own businesses than they did in their corporate careers.

Because of advances in technology,entrepreneurs can outsource many of the operations of their companies.

Joanne is thinking about running her own business.What risks does she face?

Entrepreneurs are more wild risk takers than calculated risk takers.

Lack of experience is the number one cause of small business failures.

To avoid business failure,an entrepreneur should:

Entrepreneurial success requires both persistence and ________.

Kyoto has started an interior decoration business.Everything about the business,from its name to the color schemes used in the corporate letterhead,is an expression of her personality.She sees this business as her greatest personal achievement.Kyoto is experiencing the opportunity ________ of small business ownership.

What role do corporate castoffs and corporate dropouts play in the growth of entrepreneurship in the United States?

The opportunity to reap unlimited profits is the primary motivator for most entrepreneurs.

Despite their popularity,family-owned businesses are actually a small portion of the economy and contribute less than 25% of the GNP to the economy of the United States.

In start-ups,it is often safest to be a "me-too" business,follow the leaders in the market until sufficient cash flow develops to permit R & D into new and innovative products.

Most successful entrepreneurs accept failure as part of what they do,and they use it to learn for the "next time."

What can an entrepreneur do to avoid the failure of his/her company? Discuss at least six actions they can take.

Immigrant entrepreneurs tend to arrive in the United States with less education and experience but more drive and access to capital through their "ethnic" connections.

Which of the following is not a common characteristic of entrepreneurs?