Chapter 1 QUIZ
More than ____ percent of Web searches are conducted on mobile devices, but ____ percent of small business Web sites are not mobile-friendly.
50;32
the average business owner works _____ hours per week, compared to the 40.2 hours per week the typical U.S. production employee works.
51
After 5 years, _____ percent of new businesses will have failed.
52
What percentage of small businesses have Web sites?
54
percent of entrepreneurs say that they have gone without a paycheck to help their businesses to survive.
54
percent of business owners say that they do not plan to retire from their businesses unless they are forced to for health reasons.
60
percent of the nearly 29 million businesses in the United States are considered "small."
99.7%
entrepreneurs are people who start businesses because they cannot find work any other way.
Necessity
Which of the following is not a characteristic of the entrepreneurial profile?
Preference for taking high risks like a riverboat gambler.
Which of the following statements about small businesses' contribution is false?
Small businesses produce 23 percent of the U.S. gross domestic product (GDP).
A(n) ___________ entrepreneur is someone who starts and manages several companies at the same time.
juggler
The median salary for entrepreneurs is _______ than that of employed workers; the variability of entrepreneurs' incomes is _______ than that of employed workers.
18 percent higher; higher
Immigrants to the United States are ______ times as likely to start businesses as native-born citizens.
2
Minority entrepreneurs own _____ percent of all businesses in the United States.
29
What percentage of all privately held businesses in the United States are owned by women?
31.1
Education is an important part of the entrepreneurial process. _____ percent of employed adults who want to start their own businesses say that not knowing where to start the process is a major barrier to achieving their entrepreneurial dreams.
34
United States has the highest level of entrepreneurial activity
The lifespan of the typical family-owned business is 10 years.
Which of the following statements about the typical entrepreneur is true?
The typical entrepreneur starts his or her business because he or she has an interest in that particular field and enjoys that type of work.
According to the Global Entrepreneurship Development Index (GEDI), an index that ranks the quality of the entrepreneurial environment using a variety of factors, which country provides the highest quality entrepreneurial environment?
United States
Which of the following statements about women-owned businesses in the United States is false?
Women own about 15 percent of all businesses in the United States.
Globally, the highest rates of entrepreneurial activity are among people:
between the ages of 25 and 34
According to economist Joseph Schumpeter:
entrepreneurs are more than just business creators; they are change agents in society.
Social entrepreneurs:
use their entrepreneurial skills not only to create profitable business ventures but also to achieve social and environmental goals for society as a whole.
About 30 percent of family businesses survive into the second generation. ____ percent of those make it to the third generation, and _____ percent of those make it to the fourth generation and beyond.
12; 3
