Chad Collins
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ENT I 1.0 Unit

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Chad Collins
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ENT I Unit 1.0 Unit Quiz

ENT I Unit 1.0 Unit Quiz

Questão 1 de 19

1

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

Selecione uma das seguintes:

  • Businesses serve only the local communities.

  • Businesses are owned by one person.

  • Businesses may become big businesses.

  • Businesses are important to the economy.

Explicação

Questão 2 de 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?

Selecione uma das seguintes:

  • Service Corps of Retired Executives

  • Coin Laundry Trade Association

  • Local chamber of commerce

  • Small business administration

Explicação

Questão 3 de 19

1

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

Selecione uma das seguintes:

  • 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.

Explicação

Questão 4 de 19

1

Which statement is true regarding training for entrepreneurial ventures?

Selecione uma das seguintes:

  • 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.

Explicação

Questão 5 de 19

1

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

Selecione uma das seguintes:

  • yield higher profit margins.

  • provide owners a steady income.

  • have lower start-up costs.

  • require less technical training.

Explicação

Questão 6 de 19

1

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

Selecione uma das seguintes:

  • Irregular paychecks

  • Long working hours

  • Shorter vacations

  • Lower production standards

Explicação

Questão 7 de 19

1

What is a disadvantage of entrepreneurship?

Selecione uma das seguintes:

  • Fewer resources

  • Personal satisfaction

  • Lower taxes

  • Uncertain income

Explicação

Questão 8 de 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?

Selecione uma das seguintes:

  • Intermediary

  • Apprentice

  • Entrepreneur

  • Mentor

Explicação

Questão 9 de 19

1

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

Selecione uma das seguintes:

  • How things are being done

  • What was done in the past

  • When changes were last made

  • What needs to be done

Explicação

Questão 10 de 19

1

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

Selecione uma das seguintes:

  • Reduction of competition

  • Pay in of taxes

  • Limitation on job growth

  • Charging of interest

Explicação

Questão 11 de 19

1

Which statement is true regarding training for entrepreneurial ventures?

Selecione uma das seguintes:

  • Orgainization

  • Optimism

  • Innovation

  • Determination

Explicação

Questão 12 de 19

1

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

Selecione uma das seguintes:

  • 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)

Explicação

Questão 13 de 19

1

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

Selecione uma das seguintes:

  • 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

Explicação

Questão 14 de 19

1

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

Selecione uma das seguintes:

  • Creativity

  • Self-discipline

  • Risk-taking

  • Flexibility

Explicação

Questão 15 de 19

1

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

Selecione uma das seguintes:

  • Involuntary tax reductions

  • Restrictive loan policies

  • Low interest rates

  • Slow inflation

Explicação

Questão 16 de 19

1

Governments can encourage entrepreneurial development by performing which action?

Selecione uma das seguintes:

  • Increasing interest rates on loans

  • Deregulating and reducing taxes

  • Establishing higher ethical standards

  • Passing more legislation with strict guidelines

Explicação

Questão 17 de 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?

Selecione uma das seguintes:

  • Reservations

  • Concerns

  • Apathy

  • Passion

Explicação

Questão 18 de 19

1

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

Selecione uma das seguintes:

  • Contact information

  • Personal qualifications

  • Project specifications

  • Attention-getting title

Explicação

Questão 19 de 19

1

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

Selecione uma das seguintes:

  • 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)

Explicação

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