ENT 2113 FINAL EXAM WITH COMPLETE
ANSWERS { GRADED A+}
One of the huge advantages of starting one's own business is that
someone else can be the boss. Small business owners are motivated by
two areas to start a business: the desire to be their own bosses and to set
their own working hours. - ✔✔False
A venture capital start-up is oriented toward the personal goals of the
founder(s). - ✔✔False
A business plan should be a tool to think through a wide range of issues
related to starting and growing a business. - ✔✔True
A small business start-up is typically oriented toward the personal goals
of venture capitalists. - ✔✔False
,Large companies understand their customers more in the local area
compared to a small firm. - ✔✔False
Identify a true statement about the history of entrepreneurial businesses
in the United States.
a. The Great Depression of the 1930s was harder on mature businesses
than on entrepreneurial businesses.
b. The Great Depression of the 1930s was harder on mature businesses
than on entrepreneurial businesses.
c. Steel and automobile manufacturing in the United States flourished in
the late 1970s and early 1980s.
d. Entrepreneurial businesses as a percentage of the U.S. economic
output began to grow exponentially following World War II. - ✔✔b.
The Great Depression of the 1930s was harder on mature businesses
than on entrepreneurial businesses.
,The largest group of new business owners is _____. - ✔✔women
Women entrepreneurs are starting small businesses for all but one of the
following reasons
a. manage family needs.
b. hit the glass ceiling.
c. greater control of their lives.
d. better ideas for small businesses. - ✔✔d. better ideas for small
businesses.
Which of the following was the outcome of the Great Depression of the
1930s?
a. It led to the initial development of a large industrial base in the United
States.
, b. It was harder on larger more mature businesses than on
entrepreneurial businesses.
c. The government deregulated all small- and medium-sized enterprises.
d. Entrepreneurial business as a percentage of the U.S. economic output
began to decline. - ✔✔d. Entrepreneurial business as a percentage of
the U.S. economic output began to decline.
Which kind of business is NOT likely to be eligible for a microloan
program?
a. Telecommunication center
b. Serving weaving baskets
c. Meals delivery
d. Washing clothes - ✔✔a. Telecommunication center
The development and implementation of a new business is part _____
and part _____. - ✔✔art; science
ANSWERS { GRADED A+}
One of the huge advantages of starting one's own business is that
someone else can be the boss. Small business owners are motivated by
two areas to start a business: the desire to be their own bosses and to set
their own working hours. - ✔✔False
A venture capital start-up is oriented toward the personal goals of the
founder(s). - ✔✔False
A business plan should be a tool to think through a wide range of issues
related to starting and growing a business. - ✔✔True
A small business start-up is typically oriented toward the personal goals
of venture capitalists. - ✔✔False
,Large companies understand their customers more in the local area
compared to a small firm. - ✔✔False
Identify a true statement about the history of entrepreneurial businesses
in the United States.
a. The Great Depression of the 1930s was harder on mature businesses
than on entrepreneurial businesses.
b. The Great Depression of the 1930s was harder on mature businesses
than on entrepreneurial businesses.
c. Steel and automobile manufacturing in the United States flourished in
the late 1970s and early 1980s.
d. Entrepreneurial businesses as a percentage of the U.S. economic
output began to grow exponentially following World War II. - ✔✔b.
The Great Depression of the 1930s was harder on mature businesses
than on entrepreneurial businesses.
,The largest group of new business owners is _____. - ✔✔women
Women entrepreneurs are starting small businesses for all but one of the
following reasons
a. manage family needs.
b. hit the glass ceiling.
c. greater control of their lives.
d. better ideas for small businesses. - ✔✔d. better ideas for small
businesses.
Which of the following was the outcome of the Great Depression of the
1930s?
a. It led to the initial development of a large industrial base in the United
States.
, b. It was harder on larger more mature businesses than on
entrepreneurial businesses.
c. The government deregulated all small- and medium-sized enterprises.
d. Entrepreneurial business as a percentage of the U.S. economic output
began to decline. - ✔✔d. Entrepreneurial business as a percentage of
the U.S. economic output began to decline.
Which kind of business is NOT likely to be eligible for a microloan
program?
a. Telecommunication center
b. Serving weaving baskets
c. Meals delivery
d. Washing clothes - ✔✔a. Telecommunication center
The development and implementation of a new business is part _____
and part _____. - ✔✔art; science
