
Chapter 1

Flashcard
•
Business
•
12th Grade
•
Hard
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51 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is a major reason for the increased interest in small business? There is no major fear of being impacted by recession., There is a growing trend toward self-employment., The rate of profit achieved by small businesses is higher than that of big corporations., There are very few government regulations and paperwork for small businesses.
Back
There is a growing trend toward self-employment.
2.
FLASHCARD QUESTION
Front
Which of the following statements is true about the impact of small businesses and entrepreneurship on educational institutions? Entrepreneurship and small business management are accepted as academically respected disciplines by many high schools, colleges, and universities., Community colleges are reluctant to offer courses for small business owners., Today more students think working for big corporations is a safer haven than self-employment., Educational institutions have discovered that by teaching entrepreneurship they will be able to put a restriction on free enterprise.
Back
Entrepreneurship and small business management are accepted as academically respected disciplines by many high schools, colleges, and universities.
3.
FLASHCARD QUESTION
Front
An entrepreneurial venture is characterized by:
Back
innovative strategic practices and/or products.
4.
FLASHCARD QUESTION
Front
Which of the following is characteristic of a small business owner? Options: Is innovative and focuses primarily on profitability and growth, Perceives the business as being an extension of his or her personality, Starts and manages a business for many reasons other than furthering personal goals, Prefers a less relaxed and more aggressive approach to running the business
Back
Perceives the business as being an extension of his or her personality
5.
FLASHCARD QUESTION
Front
Smaller firms tend to:
Back
keep larger firms competitive.
6.
FLASHCARD QUESTION
Front
Which of the following best describes one of the contributions of small businesses?
Back
They are sources of new ideas or services that larger businesses may be unable to provide.
7.
FLASHCARD QUESTION
Front
Which of the following statements is true about small businesses? Options: They get easy financing that leads to too many choices for funding. Small businesses provide low employee job satisfaction owing to a lower volume of transactions. They are not subject to burdensome government regulations and paperwork. Inadequate management in small businesses creates problems for small business owners and entrepreneurs.
Back
Inadequate management in small businesses creates problems for small business owners and entrepreneurs.
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