Fill This Form To Receive Instant Help
Homework answers / question archive / Chapter 5 Small Business, Entrepreneurship, and Franchising Quiz 1
1. Entrepreneurship is the process of creating and managing a business to achieve desired objectives.
Select one: True False
2. In recent years, small businesses generated very few new jobs in the U.S.
Select one: True False
3. Targeting small niches or product needs is a dangerous strategy for a small business to follow.
Select one: True False
4. Managerial inexperience can lead to business failure.
Select one: True False
5. Insufficient funds to withstand slow sales may cause a small business to fail.
Select one: True False
6. To start any business, large or small, you must first have a general idea.
Select one: True False
7. The most important source of funds for any new business is the employees.
Select one: True False
8. Small businesses typically are not vulnerable to turbulence and change in the marketplace.
Select one: True False
9. Echo boomers are sometimes called millennials or Generation Y and are an important market for small businesses.
Select one: True False
10. The future for small business looks bleak.
Select one: True
False
Already member? Sign In