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Management Study Set 4

Business

Quiz 6 :

Managing Start Ups and New Ventures

Quiz 6 :

Managing Start Ups and New Ventures

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Approximately 600,000 new businesses are launched in the U.S. each year by entrepreneurs.
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True False
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True

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Social entrepreneurs are leaders who are committed to both good business and ensuring high profitability.
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True False
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False

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Entrepreneurship and small business in the United States is an engine for job creation and innovation.
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True False
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True

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Optimizers are rewarded by chance to work on something new and creative.
True False
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Entrepreneurs in the sustainer category are rewarded by the personal satisfaction of being business owners.
True False
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China is the most entrepreneurial country, with 24 percent of individuals age 18 to 64 starting a new business.
True False
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Minorities show a high rate of entrepreneurship in the United States, owning 5.8 million firms in 2007 that generated $1 trillion in revenues.
True False
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Small businesses, according to the Small Business Administration, employ more than 90 percent of the private workforce in the United States.
True False
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Particularly in a turbulent environment, the three most important traits of successful entrepreneurs are realism, flexibility, and passion.
True False
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Social entrepreneurs have a primary goal of improving society rather than maximizing profits.
True False
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Entrepreneurs in the sustainer category like the chance to balance work and personal life and often don't want the business to grow too large.
True False
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During turbulent times, small business formation is the primary process by which an economy recreates and reinvents itself.
True False
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A need to achieve is a psychological characteristic that means people are motivated to excell and pick situations in which success is likely.
True False
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Sole proprietorships are one of the fastest growing segment of small business.
True False
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Women and minorities who have found their opportunities limited in the corporate world are seeing intrapreneurship as the only way to go.
True False
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Immigrants are more likely to start small businesses than native-born Americans.
True False
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Social entrepreneurship combines the creativity, business smarts, passion, and hard work of the traditional entrepreneur with a mission to change the world for the better.
True False
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Entrepreneurs in the optimizer category are rewarded by the personal satisfaction of being business owners.
True False
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The process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated risks and rewards refers to entrepreneurship.
True False
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Entrepreneurs are able to deal easily with delays and exhibit high levels of patience, knowing that the results will be worth the wait.
True False
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