Chap 01 4e Bamford
1) Entrepreneurial business is not important to the U.S. economy.
⊚ true
⊚ false
2) The United States Small Business Administration (SBA) provides a wealth of information
and assistance at all levels of organizational development and management for new
entrepreneurial businesses.
⊚ true
⊚ false
3) A critical element that an entrepreneur must solve for success is to develop the ability to
generate consistent and growing sales.
⊚ true
⊚ false
4) Profit margins are key to successful businesses.
⊚ true
⊚ false
5) Every business that has been documented in the Fortune 500 list began as a new venture by a
single individual or a small group of people.
⊚ true
⊚ false
6) Small companies can take advantage of economies of scale better than large firms.
⊚ true
⊚ false
Version 1 1
1) Entrepreneurial business is not important to the U.S. economy.
⊚ true
⊚ false
2) The United States Small Business Administration (SBA) provides a wealth of information
and assistance at all levels of organizational development and management for new
entrepreneurial businesses.
⊚ true
⊚ false
3) A critical element that an entrepreneur must solve for success is to develop the ability to
generate consistent and growing sales.
⊚ true
⊚ false
4) Profit margins are key to successful businesses.
⊚ true
⊚ false
5) Every business that has been documented in the Fortune 500 list began as a new venture by a
single individual or a small group of people.
⊚ true
⊚ false
6) Small companies can take advantage of economies of scale better than large firms.
⊚ true
⊚ false
Version 1 1
