ENT 201: Ch 1

Fewer

Fortune 500 companies employ _________ employees than 10 years ago. A. more B. same C. fewer D. younger

Telecommunication center

Which kind of business is NOT likely to be eligible for a microloan program? A. meals delivery B. telecommunication center C. weaving baskets D. washing clothes

Franchising

All of these are harvest plan strategies EXCEPT: A. selling the business to another firm B. selling it to a group of investors C. participating in an IPO (public offering of stock) D. franchising

They often expand easily in mature industries

Small companies have flourished for all the following reasons EXCEPT: A. they respond more quickly B. they operate more effectively C. they employ more skilled people D.they often expand easily in mature industries

Small and medium-sized enterprises

The World Bank estimates that one of the strongest factors in the growth of any nation's GNP (gross national product) is _________. A. small and medium-sized enterprises B. large businesses C. global trading D. higher tariffs

is designed to reflect the mission of the founder

Which of the following is NOT a characteristic of a high-growth venture? A. have a well-developed organization structure B. often hire an experienced president to grow the company C. Usually hire a relatively large number of employees D. is designed to reflect the mission of the founder

harvest plan

Which of the following terms describes a plan to exit a small business? A. harvest plan B. business plan C. entrepreneurial plan D. general departure plan

Better ideas for small businesses

Women entrepreneurs are starting small businesses for all but one of the following reasons: A. better ideas for small businesses B. greater control of their lives C. manage family needs D. hit the glass ceiling

be replaced by a smaller number of big businesses

Years ago, economists mistakenly predicted that small businesses would: A. be replaced by a smaller number of big businesses B. replace bigger businesses C. be replaced by franchises D. replace franchises

Small Business

_________ are the growth engine of the economy. A. large businesses B. small businesses C.Fortune 500 companies D. medium-sized businesses