Question 1

According to Industry Canada,small businesses account for over two-thirds of employment in which of the following industries?

Accepted Answer

Construction,non-institutional health care,other services,and accommodation and food

Question 2

A new firm is

Accepted Answer

one that has become operational within the previous 12 months.

Question 3

What percentage of businesses in Canada have fewer than 100 employees?

Accepted Answer

98

Question 4

Which of the following statements is (are)true regarding the definition of the term "small business"?

Accepted Answer

A goods-producing business in the Business Register is considered small if it has fewer than 100 employees,while a service-producing business is considered small if it has fewer than 50 employees.

Question 5

What percentage of Canadian business establishments are located in Ontario and Quebec?

Accepted Answer

57

Question 6

There are approximately ________ women entrepreneurs in Canada.

Accepted Answer

910 000

Question 7

Individuals who both recognize and seize opportunities are referred to as

Accepted Answer

entrepreneurs.

Question 8

According to Industry Canada,small businesses account for over two-thirds of employment in all of the following except

Accepted Answer

manufacturing.

Question 9

According to Industry Canada there are about ________ people who are "self employed" and about _________ "business establishments."

Accepted Answer

Industry Canada states that there are about 2.7 million people who are self-employed and about 2.3 million business establishments. Therefore, the best choice is C).

Question 10

The textbook defines a small business as an owner-managed business with fewer than ________ employees.

Accepted Answer

100

Question 11

In the Business Register,a goods-producing business is considered small if it has fewer than ____employees,and a service-producing business is considered small if it has fewer than ___ employees.

Accepted Answer

100;50

Question 12

The Swiffer product line from Procter & Gamble was the result of __________ in a large firm.

Accepted Answer

intrapreneurship

Question 13

Approximately how many new businesses are started each day in Canada?

Accepted Answer

380

Question 14

At Hewlett-Packard there is a division called the New Business Group,which listens to "sales pitches" about possible new products.This is an example of ________.

Accepted Answer

intrapreneurship

Question 15

From 2001 to 2010,small businesses created ____ percent of all the jobs in Canada.

Accepted Answer

47

Question 16

Nascent entrepreneurs are

Accepted Answer

people who are trying to start a business.

Question 17

In the 2011 Heritage Foundation index of economic freedom,what were the top three countries?

Accepted Answer

Hong Kong,Singapore,and Australia

Question 18

Which of the following is true?

Accepted Answer

Women fail less frequently in small business than men do.

Question 19

Self-employed Canadians account for ____ percent of the workforce.

Accepted Answer

16

Question 20

Three research studies that have identified characteristics of entrepreneurs are described in the textbook.Which of the following characteristics is evident in all three studies?

Accepted Answer

Determination

Quiz 4: Understanding Entrepreneurship, small Business, and New Venture Creation