Large companies understand their customers more in the local area as compared to small firms. - ANS FALSE
Alexis de Tocqueville, the French statesman, stated that "the United States was not so much a nation with ventures ... but instead a nation of innumerable small ventures." - ANS ...
Large companies understand their customers more in the local area as compared to small firms.
- ANS FALSE
Alexis de Tocqueville, the French statesman, stated that "the United States was not so much a
nation with ventures ... but instead a nation of innumerable small ventures." - ANS TRUE
A venture capital start-up is oriented toward the personal goals of the founder(s). - ANS
FALSE
Facebook and LinkedIn were founded as entrepreneurial businesses, but they are more
accurately described as venture capital-backed businesses. - ANS TRUE
Close to 50 percent of the millionaires in the United States are entrepreneurs. - ANS TRUE
All of these are harvest plan strategies except - ANS Franchising
Until the mid-1880s, almost all U.S. businesses were ________. - ANS Small
Characteristics of an entrepreneurial firm start-up include all except - ANS having over 100
employees.
The World Bank estimates that one of the strongest factors in the growth of any nation's GNP
(gross national product) is ________. - ANS the presence of small and medium-sized
enterprises
According to the book, the development and implementation of a new business is - ANS
part art and part science.
The term ________ refers to the fact that women, like minorities, may be hired by large firms but
experience limits placed on their advancement. - ANS "glass ceiling"
Which of the following is a difference between large organizations and entrepreneurial
businesses? - ANS Unlike entrepreneurial businesses, large organizations will regularly
ignore business opportunities if they fail to believe the results will generate high profits.
Identify a defining characteristic of venture capital start-ups. - ANS They tend to develop
operations in multiple locations very shortly after the initial investment.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller DocLaura. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.39. You're not tied to anything after your purchase.
