Week 5: Summary PPT_Revision

What is the focus of this week?

• Corporate mergers and acquisitions

• Entrepreneurship, Small Business, and New Venture Creation

• International trade laws

• Advanced financial accounting

Which of the following is NOT listed as a key topic in this week?

• The entrepreneurial process and its elements

• Small business's importance to the Canadian economy

• Forms of business ownership

• Economic theories of demand and supply

What plays a significant role in the Canadian economy?

• Large multinational corporations

• Small businesses

• Government enterprises

• Non-profit organizations

What role do new businesses play in job creation according to the material?

• They have a minimal impact on job creation.

• They play a crucial role in job creation.

• They reduce the number of available jobs.

• They have no impact on job creation.

According to the material, do all small businesses embody entrepreneurial spirit?

• Yes, all small businesses are entrepreneurial.

• No, not all small businesses are entrepreneurial.

• Yes, but only if they are new businesses.

• No, small businesses cannot be entrepreneurial.

What is the definition of a small business according to the provided material?

• A) A business with fewer than 50 employees.

• B) A business with fewer than 100 employees, owner-managed.

• C) A business with more than 100 employees.

• D) A government-owned corporation with fewer than 100 employees.

What challenge is associated with small businesses in Canada?

• A) High taxation rates.

• B) Inconsistent definitions making data accumulation difficult.

• C) Lack of qualified personnel.

• D) Economic instability.

Who are nascent entrepreneurs?

• A) Individuals who invest in multiple businesses.

• B) Individuals who manage large corporations.

• C) Individuals trying to start a business from scratch.

• D) Individuals who only consult for businesses.

What is the definition of a new venture according to the provided material?

• A business that has been operational for over 20 years.

• A company that does not sell goods or services.

• A new venture is one that has become operational within the previous 12 months, adopts organizational forms like proprietorship, partnership, corporation, or co-operative, and sells goods or services.

• A business that only adopts the form of a corporation.

What is the definition of entrepreneurship according to the material?

• The process of managing financial resources effectively.

• The process of identifying market opportunities and acquiring the necessary resources to capitalize on them.

• The process of hiring individuals with entrepreneurial characteristics.

• The process of selling products in multiple markets.