Chad Collins
Quiz von , erstellt am more than 1 year ago

ENT I 1.0 Unit

61
0
0
Chad Collins
Erstellt von Chad Collins vor mehr als 7 Jahre
Schließen

ENT I Unit 1.0 Unit Quiz

Frage 1 von 19

1

Local governments strongly promote and support small businesses mainly due to which factor?

Wähle eine der folgenden:

  • Businesses serve only the local communities.

  • Businesses are owned by one person.

  • Businesses may become big businesses.

  • Businesses are important to the economy.

Erklärung

Frage 2 von 19

1

Which source of start-up information would be recommended to an entrepreneur looking for information about the average start-up and operation costs for a self-serve laundromat?

Wähle eine der folgenden:

  • Service Corps of Retired Executives

  • Coin Laundry Trade Association

  • Local chamber of commerce

  • Small business administration

Erklärung

Frage 3 von 19

1

Which statement is true about entrepreneurship and small-business growth?

Wähle eine der folgenden:

  • Trade regulations have very little effect on small-business growth.

  • Many people start entrepreneurial ventures during times of economic recession.

  • Small business start-ups are taxed at a higher rate than multinational companies.

  • Consumer spending is a primary factor that influences entrepreneurial success.

Erklärung

Frage 4 von 19

1

Which statement is true regarding training for entrepreneurial ventures?

Wähle eine der folgenden:

  • Once entrepreneurs are educated or trained in their business field, they rarely need further education.

  • Most successful entrepreneurs have degrees from four-year colleges or universities.

  • The type of training and education that entrepreneurs need depends on the nature of the start-up business.

  • Most entrepreneurs must pass state-mandated exams to operate their business.

Erklärung

Frage 5 von 19

1

Home-based businesses are attractive to many people because of which factor?Home-based businesses usually:

Wähle eine der folgenden:

  • yield higher profit margins.

  • provide owners a steady income.

  • have lower start-up costs.

  • require less technical training.

Erklärung

Frage 6 von 19

1

Which is a financial concern that entrepreneurs often face when starting new businesses?

Wähle eine der folgenden:

  • Irregular paychecks

  • Long working hours

  • Shorter vacations

  • Lower production standards

Erklärung

Frage 7 von 19

1

What is a disadvantage of entrepreneurship?

Wähle eine der folgenden:

  • Fewer resources

  • Personal satisfaction

  • Lower taxes

  • Uncertain income

Erklärung

Frage 8 von 19

1

Alaina needs advice and assistance in starting her new business, so she contacted the Service Corps of Retired Executives (SCORE). Jack, a SCORE volunteer, agreed to act as her guide in the business start-up process. Jack is serving which role?

Wähle eine der folgenden:

  • Intermediary

  • Apprentice

  • Entrepreneur

  • Mentor

Erklärung

Frage 9 von 19

1

Entrepreneurs often discover business start-up ideas by looking for gaps between what is being done and which other factor?

Wähle eine der folgenden:

  • How things are being done

  • What was done in the past

  • When changes were last made

  • What needs to be done

Erklärung

Frage 10 von 19

1

Which positive effect do small businesses have on the local community?

Wähle eine der folgenden:

  • Reduction of competition

  • Pay in of taxes

  • Limitation on job growth

  • Charging of interest

Erklärung

Frage 11 von 19

1

Which statement is true regarding training for entrepreneurial ventures?

Wähle eine der folgenden:

  • Orgainization

  • Optimism

  • Innovation

  • Determination

Erklärung

Frage 12 von 19

1

When writing a letter of inquiry, when should the purpose of the letter be revealed?

Wähle eine der folgenden:

  • At the beginning of the letter

  • After describing the company

  • Once the recipient has agreed to meet

  • After identifying what prompted the inquiry (such as an advertisement)

Erklärung

Frage 13 von 19

1

What is a trend that most likely affects the growth of entrepreneurial ventures?

Wähle eine der folgenden:

  • A rise in the desire for slow-response times

  • The shift to an agricultural-based society

  • A higher demand for more convenience products

  • The reduced need for health care and related services

Erklärung

Frage 14 von 19

1

What behavior is exhibited when an individual recognizes the possibility of an undesirable outcome and continues to work toward a goal?

Wähle eine der folgenden:

  • Creativity

  • Self-discipline

  • Risk-taking

  • Flexibility

Erklärung

Frage 15 von 19

1

Which statement is most likely to have a negative effect on domestic small-business growth?

Wähle eine der folgenden:

  • Involuntary tax reductions

  • Restrictive loan policies

  • Low interest rates

  • Slow inflation

Erklärung

Frage 16 von 19

1

Governments can encourage entrepreneurial development by performing which action?

Wähle eine der folgenden:

  • Increasing interest rates on loans

  • Deregulating and reducing taxes

  • Establishing higher ethical standards

  • Passing more legislation with strict guidelines

Erklärung

Frage 17 von 19

1

Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have which characteristic for what they do?

Wähle eine der folgenden:

  • Reservations

  • Concerns

  • Apathy

  • Passion

Erklärung

Frage 18 von 19

1

What component is important to include in all types of inquiry letters?

Wähle eine der folgenden:

  • Contact information

  • Personal qualifications

  • Project specifications

  • Attention-getting title

Erklärung

Frage 19 von 19

1

Which is considered a reliable information source for a business start-up?

Wähle eine der folgenden:

  • Wikipedia (www.wikipedia.org/wiki/Entrepreneurship)

  • The Project Management Institute (www.pmi.org)

  • The Small Business Administration (www.sba.gov)

  • The National Retail Federation (www.nrf.com)

Erklärung

Vorherige
Nächste