Question 1

A company is considered large if it _____.

Accepted Answer

A)  dominant in its field
B)  is independently owned and operated
C)  demonstrates sustained growth
D)  has been in existence for more than ten yearsE) All of the above
F) A) and D)

Question 2

In order to meet the financial needs for future business growth as well as current demands, TruWood Cabinet Makers must secure a business loan of $125,000 from a local bank. The loan committee has asked owner and general manager Jarret Jones to write a comprehensive business plan that meets all of First Security Bank’s requirements for such a large loan. After a lot of research and careful writing, the plan is constructed and ready for presentation to the loan committee.
-Jones includes a(n) _____ section in his business plan to cover items of interest that aren't otherwise covered in it-his résumé,copies of sales contracts,a copy of his lease,and so on.

Accepted Answer

A)  marketing
B)  production and operations
C)  personal
D)  appendixE) A) and D)
F) A) and B)

Question 3

Which of the following is among the rewards of being a small business owner?

Accepted Answer

A)  Freedom from fiscal responsibility
B)  Free time
C)  Freedom from job-related stress
D)  Lifestyle freedomE) A) and B)
F) None of the above

Question 4

The "Mission Statement" section of the business plan contains the fundamental beliefs about what is and what isn't appropriate and important in conducting company activities.

Accepted Answer

A) True 
 B)False

Question 5

The success of small businesses in fostering creativity has gone unnoticed by big businesses.

Accepted Answer

A) True 
 B)False

Exam 2: Entrepreneurship

The success of small businesses in fostering creativity has gone unnoticed by big businesses.

Correct Answer
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Correct Answer
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A company is considered large if it _____.

Correct Answer
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Which of the following is among the rewards of being a small business owner?

Correct Answer
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The "Mission Statement" section of the business plan contains the fundamental beliefs about what is and what isn't appropriate and important in conducting company activities.

Correct Answer
verified

Exam 2: Entrepreneurship

The success of small businesses in fostering creativity has gone unnoticed by big businesses.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A company is considered large if it _____.

Correct AnswerverifiedShow Answer

Which of the following is among the rewards of being a small business owner?

Correct AnswerverifiedShow Answer

The "Mission Statement" section of the business plan contains the fundamental beliefs about what is and what isn't appropriate and important in conducting company activities.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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