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Published by: jonaidkhalid on May 27, 2011
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Student M. jonaid 041-A-BBAName: Sp08 Student jonaid_khalid@yahoo.

com Email: Site Title: Essentials of Entrepreneurship and Small Business Management, 5E Book Title: Essentials of Entrepreneurship and Small Business Management, 5/e Book Zimmerer Author: Location Chapter 1 > Self-Study on Site: Quiz Date/Time February 20, 2011 at 7:52 Submitted: PM (UTC/GMT)

Summary of Results
100% Correct of 10 Scored items: 10 Correct: 100% 0 Incorrect: 0% More information about scoring

1.

Which of the following is a major contribution of entrepreneurial firms? Your Answer: millions of new jobs created within the economy

2.

Which of the following global regions is most entrepreneurial, as defined by total entrepreneurial activity? Your Answer: The Americas

3.

Which of the following is NOT a common personality characteristic of typical entrepreneurs? Your Answer: fondness for high levels of risk

4.

What percentage of businesses fail or close within the 6 years following start-up? Your Answer: 64%

Your Answer: 40-50% .5. Your Answer: innovations per employee 9. Which of the following is a commonly experienced drawback to being an entrepreneur? Your Answer: reduced quality of life in start-up years 6. 8. According to Peter Drucker. a small business can expect to outgrow its capital base each time sales increase _____. What is the primary cause of failure of most small businesses? Your Answer: poor management 10. but uncontrolled growth is undesirable. Growth is ideal. Which of the following is true regarding women-owned businesses? Your Answer: They have a higher survival rate than male-owned businesses. Small businesses create more _____ than large corporations. What is it about service-based national economies that fuels entrepreneurship? Your Answer: the relatively low cost of developing new serviceoriented businesses 7.

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