Chapter 6: Intro to Business – Flashcards

A review of small business successes and failures indicates that the:

As a high net worth individual, Allison searches for growth firms in need of additional funding to achieve their goals. In return for this ____________, Allison expects to assume ownership in the business.

Enterprise zones are:

Ben got a phone call from one of his regular customers asking if he had time to repair a couple of broken sprinkler heads on the customer's underground sprinkler system. Although it was already 6:00 p.m. and Ben had put in a full day of work, he turned his car around and headed for the customer's house. As a small business owner, Ben demonstrate

For prospective entrepreneurs, enrolling in an introduction to business or small business management course offered through their community college:

Jake wants to sell his workout DVDs in European, Asian, and Latin American countries. _______________ will help him reach vendors abroad, without the expense of traveling to meet them face-to-face.

The executive summary section of the business plan contains:

Successful entrepreneurs are "self-nurturing." This means they:

Ketan is an intrapreneur for a multinational electronics company. As an intrapreneur Ketan

After several years of working as a regional manager for a nationally known nonprofit, Janelle landed a management position with an innovative small business. If she accepts the job offer, she is likely to find that

When Krystal Ginger graduates from culinary school she dreams of opening her own Asian fusion restaurant. Her other passion is skiing in Colorado, where she schedules four or five trips each year. As her small business advisor, you believe it necessary to provide her with information that will help her make good business decisions. Which of the following would be helpful for Krystal to know?

Erin developed a new type of exercise equipment she calls the Tush N' Tone. After unsuccessfully searching for potential investors, she arranged a personal loan and borrowed additional money from her parents. Her willingness to continue believing in her idea and remain enthusiastic shows that Erin is

After selling his software business for a sizeable profit, software engineer Gus Greene decided to try something different. He would become a general contractor on a large condo development in an upcoming area of Atlanta, Georgia. He invested several million and then borrowed another $30 million (or 75% of the project cost) from a lending institution. He based his borrowing risk on the assumption that the housing market would continue to appreciate for several years to come. As the housing market began a free-fall in early 2008 and continued into 2009, Gus saw his business crashing around him. Sales were very meager and the bank wanted its money back. Which of the following statements might best describe the reason Gus' business failed?

When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will:

Small businesses often have advantages in international markets. One advantage is:

Which of the following suggestions would an experienced business owner offer to help someone who is thinking about starting a business venture?

For the past twenty-five years, state and city governments have promoted facilities where new businesses can open-up shop and share common services such as secretarial, accounting, and legal services. Due to their remarkable success rate, _______________ continue to grow in popularity.

A good business plan will: