Chad Collins
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ENT I 1.0 Unit

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Chad Collins
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ENT I Unit 1.0 Unit Quiz

Pregunta 1 de 19

1

Local governments strongly promote and support small businesses mainly due to which factor?

Selecciona una de las siguientes respuestas posibles:

  • Businesses serve only the local communities.

  • Businesses are owned by one person.

  • Businesses may become big businesses.

  • Businesses are important to the economy.

Explicación

Pregunta 2 de 19

1

Which source of start-up information would be recommended to an entrepreneur looking for information about the average start-up and operation costs for a self-serve laundromat?

Selecciona una de las siguientes respuestas posibles:

  • Service Corps of Retired Executives

  • Coin Laundry Trade Association

  • Local chamber of commerce

  • Small business administration

Explicación

Pregunta 3 de 19

1

Which statement is true about entrepreneurship and small-business growth?

Selecciona una de las siguientes respuestas posibles:

  • Trade regulations have very little effect on small-business growth.

  • Many people start entrepreneurial ventures during times of economic recession.

  • Small business start-ups are taxed at a higher rate than multinational companies.

  • Consumer spending is a primary factor that influences entrepreneurial success.

Explicación

Pregunta 4 de 19

1

Which statement is true regarding training for entrepreneurial ventures?

Selecciona una de las siguientes respuestas posibles:

  • Once entrepreneurs are educated or trained in their business field, they rarely need further education.

  • Most successful entrepreneurs have degrees from four-year colleges or universities.

  • The type of training and education that entrepreneurs need depends on the nature of the start-up business.

  • Most entrepreneurs must pass state-mandated exams to operate their business.

Explicación

Pregunta 5 de 19

1

Home-based businesses are attractive to many people because of which factor?Home-based businesses usually:

Selecciona una de las siguientes respuestas posibles:

  • yield higher profit margins.

  • provide owners a steady income.

  • have lower start-up costs.

  • require less technical training.

Explicación

Pregunta 6 de 19

1

Which is a financial concern that entrepreneurs often face when starting new businesses?

Selecciona una de las siguientes respuestas posibles:

  • Irregular paychecks

  • Long working hours

  • Shorter vacations

  • Lower production standards

Explicación

Pregunta 7 de 19

1

What is a disadvantage of entrepreneurship?

Selecciona una de las siguientes respuestas posibles:

  • Fewer resources

  • Personal satisfaction

  • Lower taxes

  • Uncertain income

Explicación

Pregunta 8 de 19

1

Alaina needs advice and assistance in starting her new business, so she contacted the Service Corps of Retired Executives (SCORE). Jack, a SCORE volunteer, agreed to act as her guide in the business start-up process. Jack is serving which role?

Selecciona una de las siguientes respuestas posibles:

  • Intermediary

  • Apprentice

  • Entrepreneur

  • Mentor

Explicación

Pregunta 9 de 19

1

Entrepreneurs often discover business start-up ideas by looking for gaps between what is being done and which other factor?

Selecciona una de las siguientes respuestas posibles:

  • How things are being done

  • What was done in the past

  • When changes were last made

  • What needs to be done

Explicación

Pregunta 10 de 19

1

Which positive effect do small businesses have on the local community?

Selecciona una de las siguientes respuestas posibles:

  • Reduction of competition

  • Pay in of taxes

  • Limitation on job growth

  • Charging of interest

Explicación

Pregunta 11 de 19

1

Which statement is true regarding training for entrepreneurial ventures?

Selecciona una de las siguientes respuestas posibles:

  • Orgainization

  • Optimism

  • Innovation

  • Determination

Explicación

Pregunta 12 de 19

1

When writing a letter of inquiry, when should the purpose of the letter be revealed?

Selecciona una de las siguientes respuestas posibles:

  • At the beginning of the letter

  • After describing the company

  • Once the recipient has agreed to meet

  • After identifying what prompted the inquiry (such as an advertisement)

Explicación

Pregunta 13 de 19

1

What is a trend that most likely affects the growth of entrepreneurial ventures?

Selecciona una de las siguientes respuestas posibles:

  • A rise in the desire for slow-response times

  • The shift to an agricultural-based society

  • A higher demand for more convenience products

  • The reduced need for health care and related services

Explicación

Pregunta 14 de 19

1

What behavior is exhibited when an individual recognizes the possibility of an undesirable outcome and continues to work toward a goal?

Selecciona una de las siguientes respuestas posibles:

  • Creativity

  • Self-discipline

  • Risk-taking

  • Flexibility

Explicación

Pregunta 15 de 19

1

Which statement is most likely to have a negative effect on domestic small-business growth?

Selecciona una de las siguientes respuestas posibles:

  • Involuntary tax reductions

  • Restrictive loan policies

  • Low interest rates

  • Slow inflation

Explicación

Pregunta 16 de 19

1

Governments can encourage entrepreneurial development by performing which action?

Selecciona una de las siguientes respuestas posibles:

  • Increasing interest rates on loans

  • Deregulating and reducing taxes

  • Establishing higher ethical standards

  • Passing more legislation with strict guidelines

Explicación

Pregunta 17 de 19

1

Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have which characteristic for what they do?

Selecciona una de las siguientes respuestas posibles:

  • Reservations

  • Concerns

  • Apathy

  • Passion

Explicación

Pregunta 18 de 19

1

What component is important to include in all types of inquiry letters?

Selecciona una de las siguientes respuestas posibles:

  • Contact information

  • Personal qualifications

  • Project specifications

  • Attention-getting title

Explicación

Pregunta 19 de 19

1

Which is considered a reliable information source for a business start-up?

Selecciona una de las siguientes respuestas posibles:

  • Wikipedia (www.wikipedia.org/wiki/Entrepreneurship)

  • The Project Management Institute (www.pmi.org)

  • The Small Business Administration (www.sba.gov)

  • The National Retail Federation (www.nrf.com)

Explicación

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