Ent 2113 - Study guides, Class notes & Summaries

Entrepreneurship is a guaranteed path to economic success. - False The Income Statement is one of the Financial Statements that also include... - Balance Sheet and Cashflow Statement Profits = - Revenues minus Expenses All entrepreneurial ventures are high tech/high growth. - False "Family Buisness" is synonymous with "Family Office." - False Entrepreneurship involves the intersection of at least two separate disciplines. - True According to Dr. Tom Lumpkin, "Being Entrepreneurial" ...

A critical element that an entrepreneur must solve for success is to develop the ability to generate consistent and growing sales. a. true b. false - true Heather Schuck, owner of Glamajama, is an example of how women can concentrate on more than one facet of life. a. true b. false - true The presence of venture capital for start-ups is limited outside of the United States. a. true b. false - true Every business that has been documented in the Fortune 500 list began as a new venture b...

ENT 2113 Final Exam Questions & Answers | 100% Correct | Verified | 2024 Version A venture capital-backed business plan typically runs from _______pages long. - 25 to 45 Identify the reasons individuals can become frustrated with working in a large corporation. - Lack of promotion opportunities Inflexibility of large corporations in dealing with the needs of an individual's family and children The process of a new business is unique and has developed into a popular area of study at colleg...

ENT 2113 Final Exam | 100% Correct | Verified | 2024 Version Entrepreneurial Businesses have the ability to make greater profits in markets that have been ignored by larger corporations. - True The business plan for small businesses should be at least 50 pages long. - False Venture capitalists typically do not invest more than $2 million. - False Entrepreneurial businesses fail to provide a means to meet the varied demands that individuals face in a society. - False A venture capital sta...

ENT 2113 Final | 100% Correct | Verified | 2024 Version A critical element that an entrepreneur must solve for success is to develop the ability to generate consistent and growing sales. a. true b. false - true Heather Schuck, owner of Glamajama, is an example of how women can concentrate on more than one facet of life. a. true b. false - true The presence of venture capital for start-ups is limited outside of the United States. a. true b. false - true Every business that has been d...

ENT 2113 Final Exam Study Guide | 100% Correct | Verified | 2024 Version A business can obtain liability insurance, which helps protect the business against lawsuit judgments. - True Bonding is a type of insurance in which the business is covered in case the workers cause any damage in the performance of their work. - True In a Subchapter C Corporation, it is possible to have a double taxation situation. - True The insurance coverage obtained by a small business is directly proportional t...

ENT 2113 FINAL EXAM WITH COMPLETE ANSWERS { GRADED A+} One of the huge advantages of starting one's own business is that someone else can be the boss. Small business owners are motivated by two areas to start a business: the desire to be their own bosses and to set their own working hours. - False A venture capital start-up is oriented toward the personal goals of the founder(s). - False A business plan should be a tool to think through a wide range of issues related to starti...

ENT 2113 Final | 100% Correct | Verified | 2024 Version A critical element that an entrepreneur must solve for success is to develop the ability to generate consistent and growing sales. a. true b. false - true Heather Schuck, owner of Glamajama, is an example of how women can concentrate on more than one facet of life. a. true b. false - true The presence of venture capital for start-ups is limited outside of the United States. a. true b. false - true Every business that has been d...

A business can obtain liability insurance, which helps protect the business against lawsuit judgments. - True Bonding is a type of insurance in which the business is covered in case the workers cause any damage in the performance of their work. - True In a Subchapter C Corporation, it is possible to have a double taxation situation. - True The insurance coverage obtained by a small business is directly proportional to the cost. As the coverage increases, the cost also increases. - True If...

ENT 2113 Final Exam | 100% Correct | Verified | 2024 Version Entrepreneurial Businesses have the ability to make greater profits in markets that have been ignored by larger corporations. - True The business plan for small businesses should be at least 50 pages long. - False Venture capitalists typically do not invest more than $2 million. - False Entrepreneurial businesses fail to provide a means to meet the varied demands that individuals face in a society. - False A venture capital sta...