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9 chapter
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Questions in this quiz (19)
1Which of the following is not a type of enterprise
- Amanufacturing
- Binformational
- Ccommercial
- Dfinancial
2The purpose of the commercial enterprise’s activities:
- Ato generate profits
- Bsocial
- Ccharitable
- Dreligious
3Which of the following is the function of enterprise?
- Afinance function
- Bmarketing function
- Cproduction function
- Dall of the above
4A/An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.
- Asmall business
- Bstrategic alliance
- Ccorporation
- Dentrepreneurship
- Eproprietorship
5In franchising, the entrepreneur assumes fewer risks because the franchise provides all but which one of the following?
- AOversale of rights
- BEstablished market for the product
- CManagement assistance in operating the business
- DEconomies of scale for purchasing
- EFavorable image for the product
6______ is best described as doing something differently and has been described as discontinuous or complementary change.
- AInnovation
- BEntrepreneurship
- CSpin-off
- DVariance
- EEnterprise
7Of the following, which is best identified when a business with an established name and product is sold to additional owners along with the rights to distribute product?
- AFranchise
- BSpin-off
- CIntrapreneurship
- DTrade-off
- EEntrepreneurship
8Of the following, which one would not be considered an alternative to independent entrepreneurship?
- AFranchise
- BSpin-off
- CIntrapreneurship
- DBusiness unit within a larger corporate structure
- EExtrapreneurship
9Entrepreneurships require financial backing in order to get started in the business world. Which of the following is not one of the methods commonly utilized to obtain the financial resources needed?
- APersonal finances provided by friends
- BEquity
- CCommercial loans
- DVenture capitalists
- EPublic offerings
10Which one of the following would not be considered a disadvantage of a corporation?
- ALimited continuality of life of enterprise.
- BExtensive government regulations of activities
- CHigh incorporation fees
- DCorporate capital, profits, dividends, and salaries are double taxed
- EActivities limited to those stated in charter
11Of the following, which one is not considered a key component of a business plan?
- ASources of funding
- BMarket trend analysis
- CDescription of products or services
- DExpansion plans
- EMethods for dissolution of the organization
12A(n) ________ is defined as a form of business that is an association of two or more people acting as co-owners of a business.
- Apartnership
- Bproprietorship
- CINC
- Dcorporation
- Econglomerate
13Of the following, which one is not considered a key component of a business plan?
- ASources of funding
- BMarket trend analysis
- CDescription of products or services
- DExpansion plans
- EMethods for dissolution of the organization
14A/An ________ is defined as the blueprint describing the business strategy for entering the marketplace and explains the business to potential investors
- Abusiness plan
- Bintrapreneurship
- Cbusiness alliance
- Dspin-off
- Ecompetitor analysis
15Common reasons for entrepreneurial failure include all but which one of the following?
- AAdequate financial support
- BPoor implementation
- CLack of capital
- DFaulty product design
- EIneffective human resources
16The ideas for new businesses that are obtained by entrepreneurs are derived from many sources. These various sources include all but _______.
- Areplication of an existing business
- Btrade journals
- Ctrade shows
- Dfamily members
- Echildren
17The steps involved in an entrepreneurial endeavor include all but which one of the following?
- AAdapting to growth
- BHiring a partner
- CBusiness plan formulation
- DObtaining financing
- ESelecting the type of legal structure
18Melissa is one of the newest and most successful entrepreneurs in the technology industry. She handles numerous dealings with other companies for the exchange of goods and services. Her primary goal is to ensure that all parties involved receive favorable and acceptable terms. Melissa is most probably excellent at the entrepreneurial skill of _______.
- ANegotiating
- BNetworking
- Cleadership
- Danalysis
- Ealliance building
19The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an _____.
- Ainventor
- Bhacker
- Ccraftsman
- Dcraftsperson
- Eopportunist
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- Accounting Quiz on 9 chapter, created by denis murov on 17/12/2019.
- Author
- denis murov
- Language
- English
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