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100
Someone who takes a risk in starting a business to earn a profit.
What is an Entrepreneur.
100
A ______ is an independent business with fewer than 500 employees?
What is a small business?
100
Every business begins with an _____.
What is an idea?
100
Is money needed to for the main resources of a business. This usually last many years.
What is long-term financing?
100
The primary reason that businesses started by entrepreneurs close is disagreements with business partners.
What is false?
200
The process of starting, organizing, managing, and assuming the responsibility for a business.
What is Entrepreneurship.
200
Note keeping adequate records is a reason for ____________.
What is failure?
200
A __________ is a written description of the business idea and how it will be carried out.
What is a business plan?
200
Most small business owners enjoy being part of a team.
What is false.
200
Money provided by large investors to finance new produces and new businesses that have a good change to be very profitable is known as:
What is venture capital?
300
What percentage of business owners run their business with no help?
What is 40%.
300
_____ is a government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
What is Small Business Administration?
300
Gathering and reviewing information is the first step in creating a ___________.
What is a business plan?
300
A business plan does not have to be written since the business owner is well are of the information in the plan?
What is false?
300
T or F Do big businesses have a clear advantage over small business?
What is True?
400
Money provided by large investors to finance new products and new businesses that have a good change to be very profitable.
What is venture capital.
400
What does SBA stand for?
What is Small Business Administration?
400
Is the amount of money need to open the business.
What is start-up financing.
400
A competitive advantage that small businesses have over larger businesses is___________
What is attention to unique customer needs?
400
Lack of management skills is a reason small businesses _________.
What is fail?
500
Small businesses are responsible for nearly _______ of the U.S. gross domestic product each year.
What is half?
500
Meeting customer needs and provided unique services are two types of small business __________.
What is advantages?
500
Is the money need to pay for the current operating activities of a business.
What is short-term financing?
500
Everyone who owns or manages a business is an entrepreneur?
What is false?
500
An invention or creating that is brand new is a ______.
What is innovation?
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