Small Business & Entrepreneurship chapter#5

Small Business & Entrepreneurship chapter#5

Assessment

Flashcard

Business

University

Hard

Created by

Wayground Content

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28 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is NOT a role of small business in the American economy according to the slide? Job creation, Innovation, Exporting, Market analysis

Back

Market analysis

2.

FLASHCARD QUESTION

Front

Which of the following industries is NOT listed as one that attracts small business?
Retailing and wholesaling, Services, Manufacturing, Agriculture

Back

Agriculture

3.

FLASHCARD QUESTION

Front

Which industry is considered attractive to small businesses due to technological advancements?

Back

High Technology

4.

FLASHCARD QUESTION

Front

Which of the following is NOT listed as an advantage of small business ownership? Independence, Costs, Flexibility, Market Share

Back

Market Share

5.

FLASHCARD QUESTION

Front

What is one of the advantages of small business ownership that can affect the personal satisfaction of the business owner? Options: Independence, Costs, Market Share, Economy of Scale

Back

Independence

6.

FLASHCARD QUESTION

Front

Which advantage of small business ownership can lead to a more personalized approach to customers? Options: Economy of Scale, Market Share, Focus, Costs

Back

Focus

7.

FLASHCARD QUESTION

Front

What percentage of new businesses fail within the first 5 years according to the slide?

Back

90%

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