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Test Bank For Effective Small Business Management, 10th Edition

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1Effective Small Business Management, 10e(Scarborough)Chapter 1Entrepreneurs: The Driving Force Behind Small Business1) The nation is rapidly moving from:A) industrial to capitalism.B) capitalism to industrial.C) industrial to knowledge-based.D) None of the aboveAnswer: CPage Ref: 4Topic: IntroductionAACSB: Communication2) Which of the following corporate trends have contributed to the growth of entrepreneurship?A) The acquisition and merging of mega corporationsB) The idea that "small is beautiful" in large companies, resulting in less hierarchy and layers ofmanagementC) The flood of venture capital being made available to small businessesD) The downturn in international markets forcing a focus on the domestic marketAnswer: BPage Ref: 3Topic: IntroductionAACSB: Communication3) Entrepreneurial education:A) has become extremely popular.B) universities are not able to meet the demand.C) more courses are being offered in entrepreneurship.D) All of the aboveAnswer: DPage Ref: 16Topic: Why the Boom: The Fuel Feeding the Entrepreneurial FireAACSB: Communication4) Researchers who study entrepreneurs have discovered that:A) successful entrepreneurs start with an idea, resources, and a small management team.B) there is one key set of traits that mark a successful entrepreneur.C) entrepreneurs desire responsibility and are willing to take moderate risks.D) the most successful entrepreneurs are willing to take extreme risks and bet the farm in orderto succeed.Answer: CPage Ref: 5Topic: What is an Entrepreneur?AACSB: Multicultural and Diversity

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Effective Small Business Management...

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