Management Entrepreneurship

Business

Quiz 7 :

Starting A New Business

Quiz 7 :

Starting A New Business

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Most people quit their current jobs when starting their new business.
Free
True False
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False

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Fast-growth start-ups tend to be headed by people who have started other businesses.
Free
True False
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True

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When deciding whether an idea represents an opportunity that should be pursued,it is important to trust research and ignore intuition.
Free
True False
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False

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There is no difference between an idea and an opportunity.
True False
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The first thing you need to start a new business is a business plan.
True False
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In the idea stage,what a small business owner needs is people who can be objective about the new business idea and point out shortcomings.
True False
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To run a successful Web business,logistics are huge.
True False
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As a product progresses through the product life cycle,the window of opportunity for the product concept widens.
True False
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According to the chapter opening case,Megan Cox and Miguel Salinas had success in starting their own business while still in college.
True False
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During times of economic hardship and near double-digit unemployment,people are less likely to start their own businesses.
True False
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The biggest disadvantage of beginning an e-business is that compared to a traditional business,you need a higher amount of overhead to become established and successful.
True False
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Beginning a new business is easier than buying an existing business or franchise because you can do everything right the first time.
True False
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A desire for total independence may mean a person is ready to start their own business.
True False
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Most fast-growth companies are started by partnerships.
True False
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E-business has made all other business models obsolete.
True False
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About 50 percent of home-based businesses deal with financial and service-related businesses.
True False
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The fastest growing segment of business startups are home-based businesses.
True False
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A majority of high-growth CEOs had at least 10 years of experience in the industry before beginning a new business.
True False
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Windows of opportunity seldom open and close since the markets for products and services seldom change.
True False
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The most common source of ideas for new businesses comes from education courses taken by potential new business owners.
True False
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