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MGT 101 Chapter 6--Managing Small Business Start-Ups PART 9 141. The key problem, at the takeoffstage of growth, is how to grow rapidly and finance that growth. ________________________________________ 142. List five of the six characteristics of entrepreneurs. Autonomy, high energy level, need to achieve, tolerance for ambiguity, power and influence, and self-confidence 143. Name three of the four ways entr ...

Other / Other 16 Nov 2016

MGT 101 Chapter 6--Managing Small Business Start-Ups PART 6 91. A group of companies or individuals that invests money in new or expanding businesses for ownership and potential profits is known as: A. an equity financing firm. B. franchising. C. a venture capital firm. D. a corporation. E. a trade alliance. 92. A venture capital firm wants to invest in businesses with a high rate of return. In return, they will: A. i ...

Other / Other 16 Nov 2016

MGT 101 Chapter 6--Managing Small Business Start-Ups PART 3 41. At the success stage, the company's substantial financial gains may come at the cost of losing its advantages of small size. True False 42. At the success stage of growth, a company’s substantial financial gains may come at the cost of losing its advantages of small size, including flexibility and the entrepreneurial spirit. True False 43. At Stage ...

Other / Other 16 Nov 2016

MGT 101 Chapter 6--Managing Small Business Start-Ups PART 8 120. Entrepreneurs in the idealist category like the idea of working on something that is new, creative, or personally meaningful. ________________________________________ 121. The process of initiating a business venture, organizing it, and assuming its risks is known as entrepreneurship. ________________________________________ 122. A(n) entrepreneur recognizes a v ...

Other / Other 16 Nov 2016

MGT 101 Chapter 6--Managing Small Business Start-Ups PART 5 71. Social entrepreneurs are committed to both good business and: A. swaying political opinion of consumers. B. improving the natural environment. C. positive social change. D. non-profit goals. E. big profits. 72. What is the primary goal of the social entrepreneur? A. Maximizing profits B. Improving society C. Reaching social circles D. Finding fundin ...

Other / Other 16 Nov 2016

MGT 101 Chapter 6--Managing Small Business Start-Ups PART 7 111. The key problem, at the _____ stage of growth, is how to grow rapidly and finance that growth. A. existence B. survival C. takeoff D. resource maturity E. success 112. ABC company has made substantial financial gains, but may start to lose the advantages of small size. Which stage of growth is this company experiencing? A. Resource maturity B. Takeoff ...

Other / Other 16 Nov 2016

MGT 101 Chapter 6--Managing Small Business Start-Ups PART 1 1. Approximately 600,000 new businesses are launched in the U.S. each year by entrepreneurs. True False 2. The process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated risks and rewards refers to entrepreneurship. True False 3. Sole proprietorships are one of the fastest growing segment of small ...

Other / Other 16 Nov 2016

CHAPTER 9 ACCOUNTING FOR RECEIVABLES BRIEF EXERCISES PART 10 BRIEF EXERCISES BE 159 Record the following transactions for Verbatim Company. 1. On August 4, Verbatim sold merchandise on account to Reedy Company for $450, terms 2/10, n/30. 2. On August 7, Verbatim granted Reedy a sales allowance and reduced the cost of the merchandise by $50 because some of the goods were slightly damaged. 3. On August 12, Reedy paid the account in full ...

Other / Other 16 Nov 2016

MGT 101 Chapter 6--Managing Small Business Start-Ups PART 2 21. Social entrepreneurship combines the creativity, business smarts, passion, and hard work of the traditional entrepreneur with a mission to change the world for the better. True False 22. The first step in pursuing an entrepreneurial dream is to come up with a viable idea. True False 23. The most common source of new business ideas comes from in-depth unders ...

Other / Other 16 Nov 2016

CHAPTER 9 ACCOUNTING FOR RECEIVABLES EXERCISES PART 10 Ex. 181 Stone Furniture Store has credit sales of $400,000 in 2008 and a debit balance of $600 in the Allowance for Doubtful Accounts at year end. As of December 31, 2008, $130,000 of accounts receivable remain uncollected. The credit manager prepared an aging schedule of accounts receivable and estimates that $3,000 will prove to be uncollectible. On March 4, 2009, the credit manager ...

Other / Other 16 Nov 2016