BA109 Module 6 Exam (Chapters 1-5) Questions and Answers(RATED A+)

Which of the following statements about women-owned businesses is false? - ANSWER-The survival rate of women-owned businesses is much lower than that of U.S. businesses overall. T/F About 75 percent of the businesses in the U.S. can be considered "small" businesses. - ANSWER-False Entrepreneurs who start businesses because they cannot find work any other way are: - ANSWER-necessity entrepreneurs. Entrepreneurs typically possess: - ANSWER-a high level of commitment, have a tolerance for ambiguity, are flexible and tenacious. Which of the following is NOT one of the forces driving the entrepreneurial trend in our country? - ANSWER-Shift away from a service economy T/F Small businesses actually create more jobs than the number of jobs big businesses create. - ANSWER-True The recent number of job losses in large corporations compared to the jobs created by small business has changed the perception of ________ for launching a new business. - ANSWER-risk T/F David Birch considers "gazelles" those businesses that grow at 20 percent or more per year and gross at least $100,000 in annual sales. - ANSWER-True T/F The 21st century has seen record numbers of entrepreneurs launching businesses on a global basis. - ANSWER-True