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Home Page Social Science Business Business Plan Chapter 6 : Study Guide Questions - Flashcards

Chapter 6 : Study Guide Questions – Flashcards

Jazzlyn Sampson
8 July 2022
20 test answers

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question
An independent business with 200 employees is considered a small business
answer
True
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Most new business owners obtain start up money to finance their business from banks
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False
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Small businesses employ only 10 percent of U.S. workers
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False
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Successful entrepreneurs have many personal characteristics in common
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True
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An entrepreneur is someone who takes a risk by starting his own business
answer
True
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question
Start up financing is money needed to pay current operating costs of business
answer
False
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question
One of the main reasons that businesses started by entrepreneurs fail is inadequate capital
answer
True
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question
A business plan includes a description of the strengths & weaknesses of competitors
answer
True
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question
The process of starting organizing & managing a business
answer
D
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question
A brand new invention
answer
E
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question
A written description of the business ides
answer
F
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question
Money provided by large investors to finance new businesses
answer
B
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question
A change that increases the usefulness of a product
answer
A
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question
Money to pay for current operating costs of the business
answer
Short Term
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question
Purchase of the equipment to open a business
answer
Start Up
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question
Money used to open the business
answer
Start Up
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question
Financing that is obtained for less than a year
answer
Short Term
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question
The license to operate a business
answer
Start Up
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question
Large amounts of money paid over many years
answer
Long Term
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question
The land that the business is built on
answer
Long Term
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Question
What is the right structure for an essay
Answer
A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.