Deck 12: Emerging Trends and Issues in Entrepreneurship: How Can I Prepare for the Future

Question 1

Industry associations are examples of mutual benefit societies.

Answer 1

True

Question 2

The main government web portal for Canadian entrepreneurs is:

A)The Small Business Administration.
B)Canadian Entrepreneur.
C)Canada Business.
D)INC.gov.

Answer 2

C

Question 3

"Microfinance" refers to government grants to very small firms.

Answer 3

False

Question 4

It is impossible to plan for an unpredicted crisis.

Question 5

It is possible to have a strategic alliance with a direct competitor.

Question 6

Which of the following is not part of Active Listening?

A)using body language.
B)attending to the speaker.
C)asking for clarification
D)summarizing.

Question 7

As companies get larger, the concerns of the entrepreneur tend to become more:

A)strategic.
B)long-term
C)proactive
D)all of the above.

Question 8

The absence of, or control over disease process refers to:

A)health.
B)fitness.
C)well-being.
D)none of the above.

Question 9

CIDA is an acronym for:

A)Canadian Investment Dealers Association.
B)Customs Import Duty Authority.
C)Canadian International Development Agency.
D)Co-operative Insurance Default Act.

Question 10

A "coaching" management style depends largely on:

A)positive reinforcement.
B)negative reinforcement.
C)clear warnings.
D)team building.

Question 11

Software that helps an entrepreneur compile an email mailing list is called:

A)an email extractor.
B)a list compiler.
C)a B2B targeter.
D)a B2C compiler.

Question 12

A person who owned a single business for 20 years would still be classified as a "novice" entrepreneur.

Question 13

Using your intuition is more likely to gain employee support than using evidence- based decision making.

Question 14

Decisions that are not Strategic Decisions can be classified as:

A)long-term decisions.
B)administrative decisions.
C)positioning decisions
D)high-risk decisions.

Question 15

Writing is a two-way communication process.

Question 16

The single biggest influence on the economy of Canada is:

A)world money markets.
B)the manufacturing sector.
C)the housing market.
D)the economy of the United States.

Question 17

Small business research journals are intended to be read by entrepreneurs.

Question 18

Research indicates that physically fit entrepreneurs are more likely to achieve their business and personal goals.

Question 19

Generally, a website should get the action you want from a customer by using:

A)command verbs.
B)polite requests.
C)bright colours.
D)a variety of styles.

Question 20

When making a formal presentation, the speaker should avoid eye contact with audience members.

Question 21

Briefly explain how a small business can do crisis planning.

Question 22

Define the term ethics and explain who can be harmed by unethical behaviour on the part of an entrepreneur.Use examples.Explain how ethics is different from morality and give examples to show how there may be a conflict between the two.

Question 23

Describe two examples of how social media can be used to promote a small business.

Question 24

Discuss the major issues that you would negotiate with a web developer who was designing the site for your company.