week 6 AESHM 287

According to the article, which of the following is NOT listed as someone to talk to about a company's reputation?

government authorities

Which of the following is NOT a reason why small business thrives in the United States?

guaranteed profits

Small Business Investment Companies (SBICs):

?

The difference between the small business owner and the entrepreneur is that the entrepreneur:

?

Which of the following is NOT one of the advantages of owning a small business?

avoidance of taxes

One form of business ownership involves__ , a form of business financing consisting of funds raised through the sale of stock.

equity

Minorities are not interested in becoming entrepreneurs.

false

Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss. When he read that people spend up to fifteen minutes every day staring at a bathroom stall door, he decided he would find advertisers who wanted to pay to have their advertising messages on bathroom stall doors. Since he has his idea, Ghermizian's next step is to:

choose a form of business organization

A small business owner that uses__ to finance his or her venture is using borrowed funds that must be repaid with interest over a stated period of time.

debt

The person who takes the risk of starting and managing a business to make a profit is called a(n):

entrepreneur

According to the video, which part of the business plan explains your company's goals, objectives, timeline, and procedures?

operational plan

Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit.

true

According to the video, what is step 5 in a business plan?

SWOT analysis

More than half of small businesses have between one and four employees.

true

One of the advantages of owning a small business is:

flexibility