business ch 7 quiz

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created 7 years ago by lsudduth
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1

People who risk their time, money, and other resources to start and manage a business are called __________.

entrepreneurs

2

All of the following are characteristics of entrepreneurs except:

need for certainty.

3

There are many options for funding a small business, including:

credit cards, commercial loans, and angel investors.

4

If Bill Gates contacts you because he is interested in investing in your new business in exchange for an ownership interest, he would be considered _______.

an angel investor

5

Opportunities for small businesses include all of the following except:

higher overhead costs.

6

Threats against small businesses include:

too little money and bigger regulatory burden

7

There are a number of things small business owners can do to promote the success of their business, including:

learning from others and developing a business plan

8

Small Business Development Centers ________.

are affiliated with the SBA and provide comprehensive management assistance to small businesses

9

A business plan should include all of the following except:

an exit strategy

10

Internationally, there are a few key factors to consider when contemplating a particular country for your business start–up. These include all of the following except:

the weather