Waynesburg University

BUS 141

Chapter 3

1.) Which of the following is the main reason most small businesses are in the services sector?

 

2.) Each of the following is a contribution by small business, EXCEPT which one?

 

3.) Which of the following is one of the key distinctive competencies of small business?

 

4.) Which of the following best describes small business?

 

5.) Each of the following is a popular area for small business concentration, EXCEPT which one?

 

6.) The basic characteristics of an entrepreneur usually include which of the following?

 

7.) Which of the following is the best definition of entrepreneurship?

 

8.) Each of the following is an example of a goal of the entrepreneur, EXCEPT which one?

 

9.) Which of the following best describes the entrepreneur of today?

 

10.) Each of the following is an entrepreneur's viewpoint on risk, EXCEPT for which one?

 

11.) When planning to start a new business, which of the following is one of the first things that should be done?

 

12.) Before embarking on a new business venture, which of the follow is most important?

 

13.) Which of the following would be the best option for obtaining financing for a new business?

 

14.) If a young woman is considering opening her own business, which of the following is most important before she proceeds with her plan?

 

15.) Each of the following is a basic question that should be answered by a business plan EXCEPT which one?

 

16.) Which of the following represents one of the existing trends for small business start-ups?

 

17.) Each of the following is a viable method of starting a small business, with the EXCEPTION of which one?

 

18.) Each of the following is a potential source for small business funding, EXCEPT for which one?

 

19.) Each of the following is a reason for small business failure, EXCEPT for which one?

 

20.) Each of the following is one reason why small businesses succeed, EXCEPT for which one?

 

21.) When determining how to organize a small service business, which of the following factors should be considered?