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When considering employees, the entrepreneur should be concerned about
a. total number of single employees.
b. total number of female employees.
c. total number of employees by function.
d. employee productivity.
Which of the following is not a common characteristic of entrepreneurs?
a. vision
b. team building
c. lack of motivational drive
d. independence
Which of these survey methods is the most expensive to conduct?
a. phone surveys
b. interviews
c. mail surveys
d. all are of equal cost
In the _____ sense, ethics provides the basic rules or parameters for conducting any
activity in an 'acceptable manner.'
a. abstract
b. broadest
c. narrowest
d. most concrete
The entrepreneur who has to choose a successor with potential to develop the attributes
necessary to run the business should consider which of the following aspects over the
others?
a. the potential successor's drive and resourcefulness
b. the potential successor's age
c. the potential successor's education
d. the potential successor's gender
One way to develop a creative mind is to
a. read a variety of textbooks on entrepreneurship.
b. be lucky enough to have musical parents.
c. observe other entrepreneurs.
d. pretend you are already creative.
Psychological characteristics of consumers include which of the following?
a. social class
b. aspiration
c. family influence
d. income
An indicator of the planning pitfall of 'failure to anticipate roadblocks' is
a. recognition of future problems.
b. making no admission of possible flaws in the plan.
c. having a contingency or alternative plan.
d. pursuing a good work force.
Which of the following is not considered a step in the harvest strategy?
a. Looking for new venture to start up.
b. Publicizing the offer to sell.
c. Valuing the business.
d. Segregating assets.
During the 1990s, which new issue emerged as affecting entrepreneurs and ethics?
a. misleading advertising
b. misleading financial reporting.
c. favoritism in promotions.
d. the environment.
Entrepreneurs will always be
a. a key factor in the stability of the small business sector
b. hindered by lack of funding
c. the major source of job creation and innovation in any economy
d. a little quirky
Which of the following terms would not be associated with the right hemisphere of the
brain?
a. synthesizing
b. linear
c. spatial
d. intuitive
Book value of a firm is also known as
a. balance sheet method.
b. income statement method.
c. capitalized earnings approach.
d. fixed price method.
Process needs
a. exist when and entrepreneur can meet a new source of demand.
b. exist to satisfy government regulations.
c. exist when a venture capitalist provides money only for a project filling its needs.
d. exist when the economy suffers a downturn.
Most successful innovations are
a. simple and focused.
b. complex and focused.
c. focused and extensive.
d. complex and extensive.
During the past ten years, there were approximately how many business incorporations
per year?
a. 600,000
b. 500,000
c. 700,000
d. 1 million
The determination of fair use of copyrighted material is based on
a. the effect of use on potential market.
b. the time period involved.
c. specific legal guidelines set forth by OSHA.
d. the GAD doctrine.
Which of the following is a decision rule for handling questionable costs?
a. If expected sales are between the two break-even points, the questionable costs
behavior needs to be dropped.
b. If expected sales don't exceed the higher break-even point, the product should be
profitable.
c. The product should not be profitable if expected sales do not exceed the lower
break-even point.
d. Decide which questionable costs to ignore.
The price/earnings ratio is determined by
a. patents.
b. dividing market price of common stock by earnings per share.
c. goodwill.
d. deferred financing costs.
Timing considerations generally do not impact decisions to sell a business because
triggering events are unanticipated.
Equity financing is money invested in the venture with legal obligations to repay the
principal amount of interest or interest rate on it.
Patents eventually expire.
Control versus communication is an important distinction between social media
marketing and traditional marketing.
Creativity was once regarded as an exclusively inherited trait.
As the venture capital market has experienced rapid growth, several market trends have
emerged. What are the major trends of today?
The need for corporate entrepreneurship has risen in response to the rise of the global
economy.
Contribution margin is the difference between the selling price and the fixed cost per
unit.
The success of corporate entrepreneurship depends on the entrepreneurs within the
firm.
Geographic flexibility is greater for telephone interviews than for in-person interviews.
