Financial considerations play a major role in
a. lifestyle ventures.
b. smaller profitable ventures.
c. high-growth ventures.
d. corporate debentures.
The entrepreneurial ego can cause the entrepreneur to
a. have a sense of pessimism.
b. take characteristics that usually lead to success to the extreme.
c. ignore government regulations.
d. take too few risks.
When selling a business all of the following is good advice except:
a. sell when the timing is right
b. sell when sales are peaking
c. sell when profits are low.
d. sell when inventory is high.
Informal investors find projects through
a. newspapers.
b. a network of friends.
c. commercials.
d. banks.
A type of successor who is high in ingenuity, creativity, and drive would be considered
a(n)
a. managerial successor.
b. entrepreneurial successor.
c. opportunistic successor.
d. all of the above.
Entrepreneurs and gazelles have been credited with making disproportionate
contributions to all but which of the following?
a. innovation
b. job creation
c. economic renewal
d. unemployment
The FDD contains how many sections?
a. 41
b. 23
c. 9
d. 100
After the firm has forecast its sales for the budget period
a. net income is figured.
b. expenses are estimated.
c. ending inventory is figured.
d. labor costs are estimated.
Short-term debt is
a. paid back in six months.
b. paid back in one year.
c. paid back after sales.
d. paid back over an indefinite period of time.
Which of the following is a marketing philosophy that focuses on personal selling?
a. computer-driven philosophy
b. sales-driven philosophy
c. consumer-driven philosophy
d. cost-driven philosophy
Which of the following is a critical factor that should be discussed in the management
segment?
a. unfavorable trends in the industry
b. board of directors and consultants
c. competitive analysis
d. size of manufacturing operation
A ‘SWOT’ analysis refers to
a. strength, weaknesses, opportunities, threats
b. small, weak, ordinary, tact
c. sound warnings of takeovers
d. none of the above
Which is not a precipitating event that Zahra identifies as motivating the decision to act
entrepreneurially?
a. market instability.
b. competitive threat from rivals.
c. new demand for a firm’s products.
d. a big increase in earnings.
The person who has the opportunity to lead and ‘run’ with an idea would be coined
which of the following:
a. Department Manager
b. Manager
c. Champion
d. Visionary
In the entrepreneurial strategy matrix, the probability of a major financial loss is
categorized as
a. an innovation.
b. a risk.
c. a time lag.
d. a psychological commitment.
The handling questionable costs approach of break-even analysis was specifically
designed for entrepreneurship firms.
Planning is not essential to the success of an undertaking.
Problems can arise when people believe that laws represent morality.
Using the Signode’s V-Teams example from the text, explain how some programs may
succeed or fail using this approach.
At present, it is illegal to attempt incorporation over the Internet.