LO6 - Entrepreneurship

1.A license to sell another’s products or to use another’s name in business, or both, is called

• a franchise.

• a joint venture.

• a licensing agreement.

• a small business license.

Which of the following industries is least likely to be entered into by small business entrepreneurs?

• services

• high technology

• mining & manufacturing

• retailing

Arguably the most significant contribution of small businesses is

• innovation

• job creation.

• regulation.

• employee turnover.

The money needed to finance regular business operations is called

• a line of credit.

• collateral.

• undercapitalization.

• working capital

Venture capitalists are a source of:

• debt financing

• equity financing

• crowdfunding

• owners’ equity