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 1. All of the following are reasons why people are willing to take entrepreneurial risk EXCEPT

 2. In an effort to encourage its employees to develop new ideas for the firm, W.L. Gore has a ???Dabble Time Policy??? that allows employees to devote 10% of their time at work to create their own projects. The company will even provide employees with funds to use for these projects. It appears that the company is working to develop _______ within its organization.

 3. Anita opened a home-based business specializing in billing and coding for physicians. She intends to keep the business small and operate it as a one-person firm. Anita is a(nAnswer: micropreneur.

 4. In order to attract businesses to the area, the city of Grand Valley offers a $500 job tax credit per employee, a 3% investment tax credit for purchased equipment and a health insurance tax credit of $200 per employee. This is an example of a(n)

 5. The Wolfman Enterprise Center offers inexpensive office space for new service-oriented businesses along with other services to help new businesses succeed. These services include access to financing, shared conference rooms and training facilities, a receptionist and clerical support. This is an example of a(n)

8. In the U.S., small businesses like Broad Reach Sailing create:

9. Todd and Jim learned that in building a business plan, it was important for them to:

11. Which of the following is NOT part of the definition of a small business as outlined by the Small Business Administration?

12. Approximately what percentage of American workers got their first job with a small business?

13. Which of the following statements regarding small business ownership is TRUE?

14. Which of the following is a major key to the success of any small business?

15. According to the Small Business Administration (SBA), half of the new businesses started in the U.S. fail in the first five years. All of the following are potential reasons for small business failure EXCEPT

16. The document that details the business idea, the target market, the business's competitive advantage, the available financial resources and the qualifications of its managers is known as the

17. Companies that are willing to exchange a significant stake in the company in return for funds to grow or expand the business may seek funding through

18. What part of a business plan are bankers most likely to read and focus on first?

19. What U.S. government agency advises and assists small businesses by providing management training and financial advice as well as loans?