,DOWNLOAD THE Test Bank for Canadian Entrepreneurship and Small Busines
Management 11th Edition Balderson
Chapter 02 - The Small Business Decision
Chapter 02
The Small Business Decision
Multiple Choice Questions
1. Small businesses tend to be
A. labour intensive.
B. capital intensive.
C. balanced between labour and capital intensity.
D. successful.
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-03 Disadvantages of Small Business Ownership
2. Which is not an advantage of small business ownership?
A. Independence
B. Challenge
C. Skill development
D. More free time
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-02 Advantages of Small Business Ownership
2-1
mynursytest.store
,DOWNLOAD THE Test Bank for Canadian Entrepreneurship and Small Busines
Management 11th Edition Balderson
Chapter 02 - The Small Business Decision
3. The risks of self-employment include all of these EXCEPT
A. income uncertainty.
B. work more than 9-5 schedule.
C. the business takes over the life of the owner.
D. guaranteed income.
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-03 Disadvantages of Small Business Ownership
4. The primary reason most people start their own business is to
A. build security for their family.
B. earn large sums of money.
C. use their skills/abilities.
D. gain independence.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-02 Advantages of Small Business Ownership
5. SmartHalo's owners chose to skip traditional market research, and
A. bring their products directly to market using a crowd-funding site.
B. chose to look online to see if there were any similar products on the market.
C. hired a marketing firm to conduct their own marketing research.
D. manufactured thousands of the product hoping that they would sell.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-01 The Small Business Decision: Personal Evaluation
2-2
mynursytest.store
, DOWNLOAD THE Test Bank for Canadian Entrepreneurship and Small Busines
Management 11th Edition Balderson
Chapter 02 - The Small Business Decision
6. In a recent RBC poll on Canadian Entrepreneurship, of the roughly 54 percent of Canadians
with entrepreneurial intentions, what percent had already been earning money
entrepreneurially?
A. 25
B. 37
C. 56
D. 72
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-01 The Small Business Decision: Personal Evaluation
7. The ability to see, conceive, and create new and unique products/services is
A. innovativeness.
B. risk-taking.
C. product development.
D. locus of control.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-02 List the personal and organizational attributes of a successful small business owner.
Topic: 02-05 Personality Characteristics Required By Successful Entrepreneurs
8. Personal characteristics of successful entrepreneurs include
A. having a business degree.
B. risk taking and access to financial resources.
C. stubbornness.
D. risk taking and perseverance.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-02 List the personal and organizational attributes of a successful small business owner.
Topic: 02-05 Personality Characteristics Required By Successful Entrepreneurs
2-3
mynursytest.store
Management 11th Edition Balderson
Chapter 02 - The Small Business Decision
Chapter 02
The Small Business Decision
Multiple Choice Questions
1. Small businesses tend to be
A. labour intensive.
B. capital intensive.
C. balanced between labour and capital intensity.
D. successful.
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-03 Disadvantages of Small Business Ownership
2. Which is not an advantage of small business ownership?
A. Independence
B. Challenge
C. Skill development
D. More free time
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-02 Advantages of Small Business Ownership
2-1
mynursytest.store
,DOWNLOAD THE Test Bank for Canadian Entrepreneurship and Small Busines
Management 11th Edition Balderson
Chapter 02 - The Small Business Decision
3. The risks of self-employment include all of these EXCEPT
A. income uncertainty.
B. work more than 9-5 schedule.
C. the business takes over the life of the owner.
D. guaranteed income.
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-03 Disadvantages of Small Business Ownership
4. The primary reason most people start their own business is to
A. build security for their family.
B. earn large sums of money.
C. use their skills/abilities.
D. gain independence.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-02 Advantages of Small Business Ownership
5. SmartHalo's owners chose to skip traditional market research, and
A. bring their products directly to market using a crowd-funding site.
B. chose to look online to see if there were any similar products on the market.
C. hired a marketing firm to conduct their own marketing research.
D. manufactured thousands of the product hoping that they would sell.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-01 The Small Business Decision: Personal Evaluation
2-2
mynursytest.store
, DOWNLOAD THE Test Bank for Canadian Entrepreneurship and Small Busines
Management 11th Edition Balderson
Chapter 02 - The Small Business Decision
6. In a recent RBC poll on Canadian Entrepreneurship, of the roughly 54 percent of Canadians
with entrepreneurial intentions, what percent had already been earning money
entrepreneurially?
A. 25
B. 37
C. 56
D. 72
Accessibility: Keyboard Navigation
Difficulty: Medium
Learning Objective: 02-01 Summarize the advantages and disadvantages of business ownership as a starting point in making the small
business decision.
Topic: 02-01 The Small Business Decision: Personal Evaluation
7. The ability to see, conceive, and create new and unique products/services is
A. innovativeness.
B. risk-taking.
C. product development.
D. locus of control.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-02 List the personal and organizational attributes of a successful small business owner.
Topic: 02-05 Personality Characteristics Required By Successful Entrepreneurs
8. Personal characteristics of successful entrepreneurs include
A. having a business degree.
B. risk taking and access to financial resources.
C. stubbornness.
D. risk taking and perseverance.
Accessibility: Keyboard Navigation
Difficulty: Easy
Learning Objective: 02-02 List the personal and organizational attributes of a successful small business owner.
Topic: 02-05 Personality Characteristics Required By Successful Entrepreneurs
2-3
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