Test Bank for Small Business Management Entrepreneurship and Beyond 6th Edition by Hatten Download

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Link full download: https://findtestbanks.com/download/test-bank-for-small-business-management-entrepreneurship-and-beyond-6th-edition-by-timothy-s-hatten/ Language: English ISBN-10: 128586638X ISBN-13: 978-1285866383 ISBN-13: 9781285866383
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    Test Bank For Small Business Management Entrepreneurship and Beyond 6th Edition by Timothy S. Hatten Chapter 2: Small Business Management Entrepreneurship and Ownership   TRUEFALSE   1.  A small business manager and an entrepreneur perform the same functions. (A)   True (B)   False Answer : (B) 2.  Entrepreneurs recognize an opportunity and start a business to take advantage of it. (A)   True (B)   False Answer : (A) 3.  Entrepreneurship and small business management are processes, not isolated incidents. (A)   True (B)   False Answer : (A) 4.  Financial risks, material risks, and psychological risks are all risks faced by the entrepreneur. (A)   True (B)   False Answer : (A) 5.  Mergers, IPOs, and ESOPs are all forms that can be taken in the harvest stage of the startup process model. (A)   True   (B)   False Answer : (A) 6.  A triggering event is a specific event or occurrence that sparks the entrepreneur to proceed from thinking to doing. \  (A)   True (B)   False Answer : (A) 7.  In the end, every business will eventually reach the harvest stage. (A)   True (B)   False Answer : (B) 8.  Environmental factors are the traits possessed by the business owner that affect the development of the small business. (A)   True (B)   False Answer : (B) 9.  Personal characteristics vary as a business evolves from one stage to another. (A)   True (B)   False Answer : (A) 10.  There is only one factor that could be called a triggering event. (A)   True   (B)   False Answer : (B) 11.  Personality characteristics are not useful in predicting who will be a successful entrepreneur. (A)   True (B)   False Answer : (A) 12.  The primary reason most people go into business for themselves is to gain the respect of others. (A) True (B) False Answer : (B) 13.  Independence and control over their own lives are reasons many people begin small businesses. (A)   True (B)   False Answer : (A) 14.  More than 50 percent of business owners started their own business in order to earn large sums of money. (A)   True (B)   False Answer : (B) 15.  Individuals who prefer steady pay and a normal nine-to-five work schedule also tend to gravitate toward selfemployment. (A)   True (B)   False Answer : (B) 16.     Income uncertainty is one of the most challenging aspects of starting a new business. (A)   True (B)   False Answer : (A) 17.  The conclusion after more than 30 years of research on personal characteristics is that successful entrepreneurs cannot be predicted. (A)   True (B)   False Answer : (A)
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