Question Details

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- 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 3 of growth for an entrepreneurial firm, managers often are hired to take over duties performed by the owner. 
 
True    False
 
44.	The takeoff stage is the last of the five stages of growth for an entrepreneurial company. 
 
True    False
 
45.	In the start-up stage of an entrepreneurial business, formal planning tends to be nonexistent except for the business plan. 
 
True    False
 
46.	The owner should start implementing more structured control systems by Stage 3 of growth for an entrepreneurial firm. 
 
True    False
 
47.	A domain name gives a company an address on the Web and a unique identity. 
 
True    False
 
48.	Which of the following is the process of starting a business venture, organizing the resources, and taking the risks? 
 
A. 	Intrapreneurship
B. 	Entrepreneurship
C. 	Small business administration
D. 	Venture capital
E. 	Equity financing

 
49.	A(n) _____ is someone who recognizes a viable idea for a business product or service and carries it out. 
 
A. 	intrapreneur
B. 	entrepreneur
C. 	manager
D. 	leader
E. 	introvert

 
50.	Being interested in computers, Jose Cohata came up with an idea of personalizing the screen saver programs with family pictures. After trying a couple of programs, Jose started marketing this service to neighbors and area businesses. Jose's activities can be described as a(n) _____. 
 
A. 	entrepreneurship
B. 	intrapreneurship
C. 	useless idea
D. 	large business
E. 	partnership