Which of the following is true of innovation?
BUS 137 - Unit 2 Review

Quiz
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Business
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University
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Hard

Matt Baldwin
Used 4+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Innovations are less likely to come from small businesses than from big businesses
All successful new start-ups are innovative dot com companies
All successful software firms started out as large organizations
Small businesses supply over half of all innovations in the U.S. marketplace each year
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is an advantage of a franchise?
It lets franchisers grow by using the investment money provided by franchisees
It allows each franchise outlet to be vastly different from other outlets.
It allows a franchise to build a business from scratch using its own business model
Its start-up costs are either very small or negligent
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following statements on job creation is true?
Larger firms hire at a faster rate than smaller firms
Large companies are the last to lay off workers during economic downswings
Business size, more than entrepreneurial business success, accounts for most new job creation
Small firms are the last to hire in times of economic recovery
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A two-person software development company with annual sales of $100,000 would be considered a:
large business
franchise
joint venture
small business
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is true of entrepreneurs?
They run someone else's business
They take a personal stake in the success or failure of the business
They hire professional managers to run their businesses
They assume the risk of the venture but are not actively involved in operating it
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is true of small businesses?
Jobs are created solely by small entrepreneurial companies
Small firms specializing in international business create many new jobs
Small businesses have no impact on the world's mature economies
Small businesses have a weak presence in the economy
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is true of most successful entrepreneurs?
They carefully analyze market conditions
They launch their ventures in their spare time
They succeed alone
They succeed straight out of college
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