Entrepreneurship
50 questions available
Questions
What was the amount of savings the Aguerre brothers invested in 1984 to manufacture their own line of beach sandals?
View answer and explanationWhat is the primary distinction between an entrepreneur and a small-business owner?
View answer and explanationWhich category of entrepreneur applies their creativity, vision, and risk-taking within a large corporation rather than starting their own company?
View answer and explanationBased on the statistics provided in 'The Economic Impact of Small Business' table, what percentage of U.S. businesses have no employees?
View answer and explanationWhich of the following is described as a key personality trait of most entrepreneurs, setting them apart from small-business owners and managers?
View answer and explanationTo secure working capital for his expanding lemonade stand business, what was the amount of the first loan Jack Bonneau obtained from Young Americas Bank?
View answer and explanationWhich of the following defines an 'intrapreneur'?
View answer and explanationWhat percentage of U.S. businesses with employees have fewer than 20 employees, according to the 'Economic Impact of Small Business' table?
View answer and explanationWhich element of a business plan shows who the firm’s customers will be, outlines the marketing strategy, and describes the firm's competitive edge?
View answer and explanationWhat are the two primary forms of business financing described in the chapter?
View answer and explanationWhat is the role of angel investors in financing start-up businesses?
View answer and explanationWhat percentage of business owners raise start-up funds from personal accounts, family, and friends?
View answer and explanationAccording to the Kauffman Foundation, what is the approximate failure rate for small businesses over a five-year period?
View answer and explanationWhich of the following is NOT listed as a common cause of business closure?
View answer and explanationWhat is the function of Export management companies (EMCs) for small businesses looking to go global?
View answer and explanationIn 2016, what percentage of the U.S. workforce did small businesses employ?
View answer and explanationWhat is the primary mission of the Small Business Administration (SBA)?
View answer and explanationIn the fiscal year ending on September 30, 2017, how much in loans did the SBA back for small businesses?
View answer and explanationWhich SBA program offers free management consulting through a volunteer group of retired executives?
View answer and explanationWhat percentage of all new entrepreneurs fall between the ages of 55 and 64, according to a recent study by the Kauffman Foundation?
View answer and explanationWhat is the definition of a multipreneur?
View answer and explanationHow much was the loan Miho Inagi received from her parents to help fund her bagel shop in Tokyo?
View answer and explanationWhat is the primary function of the 'vision and mission statement' section in a business plan?
View answer and explanationWhen buying an existing business, what is the purpose of including a noncompete clause in the contract of sale?
View answer and explanationApproximately how many businesses in the United States have more than 500 employees?
View answer and explanationAccording to the Kauffman Index of Main Street Entrepreneurship, what was the three-decade high for business survival rates, which was reached in 2016?
View answer and explanationIn the context of a business plan, what information is typically included in the 'Management plan' section?
View answer and explanationBetween 1997 and 2012, the number of Hispanic-owned businesses in the U.S. almost tripled from what starting number to what ending number?
View answer and explanationWhich of the following is NOT listed in the text as a key personality trait of most successful entrepreneurs?
View answer and explanationWhat is the most common reason entrepreneurs cite for starting their businesses, according to the CEOs of the Inc. 500?
View answer and explanationWho is credited with coining the term 'intrapreneur'?
View answer and explanationBetween 2007 and 2017, the growth rate for women-owned firms was how many times faster than the national average for all businesses?
View answer and explanationWhat is the function of the 'Executive summary' in a business plan?
View answer and explanationTypically, what percentage of total start-up financing comes from equity?
View answer and explanationHow is 'bootstrapping' defined in the context of financing a business?
View answer and explanationWhat is the typical fee range charged by Export management companies (EMCs) for their services?
View answer and explanationWhich term describes an entrepreneur who starts a small business and plans for it to remain small, often for personal satisfaction?
View answer and explanationWhat was the valuation of Philip Kimmey's dog-sitting network, Rover.com, in 2017?
View answer and explanationWhich section of a business plan would describe the manufacturing methods, operating facilities, and quality-control procedures?
View answer and explanationAccording to the provided data, companies with fewer than 500 employees pay what percentage of America's payroll?
View answer and explanationWhat is the primary difference in ambition between a growth-oriented entrepreneur and a micropreneur?
View answer and explanationWhat was the gross revenue for Jessy Dover's handbag company, Dagne Dover, in 2016?
View answer and explanationWhat is the primary function of Small Business Investment Companies (SBICs) as described in the chapter?
View answer and explanationIn 2016, what percentage of all employing firms in the U.S. had revenues exceeding 1 million dollars?
View answer and explanationWhat factor primarily drove the increase in Main Street entrepreneurship activity in 2016?
View answer and explanationWhat was the approximate number of Hispanic-owned businesses in the U.S. in 2012?
View answer and explanationWhile entrepreneurs are considered risk-takers, what type of risk do most successful entrepreneurs prefer to take?
View answer and explanationIn 2016, what was the estimated revenue generated by the 11.6 million women-owned businesses in the U.S.?
View answer and explanationWhat is the primary role of the marketing plan section within a business plan?
View answer and explanationWhat type of financing is obtained from investment firms that specialize in financing small, high-growth companies in return for an ownership interest?
View answer and explanation