Question 1

For fees of five to fifteen percent of gross sales and multi-year contracts, an _____ handle all aspects of exporting for small businesses.

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Question 2

What are the two types of financing available to entrepreneurs?

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Question 3

List three advantages that small businesses have over larger, more complex companies.

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Question 4

_____ is financing obtained from investment companies that specialize in financing small, high-growth companies and receive an ownership interest and a voice in management in return of their money.

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Question 5

The _____ is the main government agency that assists small businesses with advice and financial assistance.

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Question 6

_____ are privately owned and managed investment companies that are licensed by the Small Business Administration to provide long-term financing for small businesses.

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Question 7

What is the most common use for a business plan?

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Question 8

What is the first step for starting a new business?

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Question 9

_____ are individual investors or groups of experienced investors who provide funding for start-up businesses.

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Question 10

List the three categories of entrepreneurs.

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Question 11

A company has used ______ if it hires a mailing house to stuff its multi-part advertising message into envelopes and make sure that its mailings comply with government regulations.

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Question 12

List three disadvantages that small businesses have over larger, more complex companies.

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Question 13

What does the hopeful entrepreneur do once he or she has finished the business plan?

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Question 14

List four common causes for business failure.

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Quiz 5: Entrepreneurship: Starting and Managing Your Own Business