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 Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions
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Terms in this set (20)Which of the following is true of entrepreneurs? They run someone else's business. They hire professional managers to run their businesses. They assume the risk of the venture but are not actively involved in operating it. They take a personal stake in the success or failure of the business. They take a personal stake in the success or failure of the business. A small business: is publicly owned. meaningfully influences its environment. has only one retail outlet. is owned by one individual or a small group is owned by one individual or a small group A two-person software development company with annual sales of $100,000 would be considered a: large business. small business. joint venture. franchise. small business. Miriam pools all her savings to open a bakery that specializes in wedding cakes. She bakes the cakes, runs the store, and creates a website that allows customers to place orders online. Miriam is a(n) _____. small-business investor venture capitalist wholesaler entrepreneur entrepreneur Which of the following is true of small businesses? Small businesses have a weak presence in the economy. Jobs are created solely by small entrepreneurial companies. Small businesses have no impact on the world's mature economies. Small firms specializing in international business create many new jobs. Small firms specializing in international business create many new jobs. Which of the following is true of innovation? All successful new start-ups are innovative dot-com companies. All successful software firms started out as large organizations. Small businesses supply over half of all innovations in the U.S. marketplace each year. Innovations are less likely to come from small businesses than from big businesses. Small businesses supply over half of all innovations in the U.S. marketplace each year. Which of the following statements on small businesses is true? All new start-ups are in the field of high-tech communication. Small businesses sell consumers most of the products made by big manufacturers. More major innovations come from big businesses than small businesses. Big companies are the first to lay off workers during economic downswings. Small businesses sell consumers most of the products made by big manufacturers. Which of the following statements on job creation is true? Larger firms hire at a faster rate than smaller firms. Large companies are the last to lay off workers during economic downswings. Small firms are the last to hire in times of economic recovery. Business size, more than entrepreneurial business success, accounts for most new job creation. Large companies are the last to lay off workers during economic downswings. Which of the following is an example of a business in the service industry? An automobile dealership A florist A car rental agency A department store A car rental agency
A niche market is: a market in which several large firms compete. a market in which customer needs are generic in nature. a segment of a market that is not currently being exploited. an area of organizational threat. a segment of a market that is not currently being exploited. Due to the strong economies of scale, small businesses generally do not do as well as large businesses in the _____ segment. retailing transportation manufacturing construction manufacturing A retail business: requires fewer employees than wholesalers. sells directly to producers. sells products manufactured by other firms. offers products to wholesalers for sale. sells products manufactured by other firms. Which of the following is an advantage of a franchise? Its start-up costs are either very small or negligent. It lets franchisers grow by using the investment money provided by franchisees. It allows a franchise to build a business from a scratch using its own business model. It allows each franchise outlet to be vastly different from other outlets It lets franchisers grow by using the investment money provided by franchisees. Steven is a polymer scientist with the motivation and expertise needed to start his own business. If he chooses to finance his business in the same way that most new businesspeople finance theirs, he will: rely on personal resources. borrow money from a lender. form a strategic alliance. approach a venture capital company. rely on personal resources. Small-business investment companies (SBICs): take a more balanced approach in their choices than venture capital companies. demand a representative on the board of directors of the business. have immediate participation loan programs. have strict eligibility guidelines. take a more balanced approach in their choices than venture capital companies. Which of the following is true of SBA financial programs? Managers need approval from the SBA before making major decisions. They require a representative on the board of directors of a company. Eligible firms must be unable to get private financing at reasonable terms. They supply capital in return for stock. Eligible firms must be unable to get private financing at reasonable terms. Which of the following is true of most successful entrepreneurs? They succeed straight out of college. They launch their ventures in their spare time. They succeed alone. They carefully analyze market conditions They carefully analyze market conditions Which of the following is required to help alert entrepreneurs to potential trouble? A positive outlook on life Dedication Sufficient capital Effective control systems Effective control systems Which of the following statements is true of new businesses? Luck plays no role in the success of businesses. A good outlook on life is irrelevant when starting a new business. Control systems are unimportant when starting a new business. Insufficient capital can contribute to new business failure. Insufficient capital can contribute to new business failure. Which of the following is false about control systems? Control systems are not needed to keep a business on track. Weak control systems can lead to serious problems. Effective control systems alert entrepreneurs to serious problems. A business may not survive without a good control system
Control systems are not needed to keep a business on track. Sets with similar termsCh 5 mgmt55 terms christian_skjoedt Ch 555 terms Natalie_Martin7 Mgmt 371 chapter 1056 terms taylor_clark1 Sets found in the same folderMAN3025 Chapter 1 Quiz12 terms hootowl15 MAN3025 Chapter 2 Quiz16 terms hootowl15 MAN3025 Chapter 3 Quiz28 terms hootowl15 MAN3025 Chapter 4 Quiz16 terms hootowl15 Other sets by this creatorAudit EQE 14.226 terms hootowl15 Audit Quiz 320 terms hootowl15 Audit Exam 210 terms hootowl15 Audit Quiz Chapter 3.1, 3.2, 3.442 terms hootowl15 Verified questionsQUESTION Explain the following statement: Our tax rates are progressive. Verified answer
QUESTION Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: $\hat{\mathrm{r}}_{\mathrm{L}}=10.5 \% ; \mathrm{r}_{\mathrm{RF}}=3.5 \% ; \mathrm{r}_{\mathrm{M}}=9.5 \%$. Verified answer
QUESTION Financial statements are based on generally accepted accounting principles (GAAP) and are audited by CPA firms. Do investors need to worry about the validity of those statements? Explain your answer. Verified answer QUESTION An oil-drilling company must choose between two mutually exclusive extraction projects, and each costs $12 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t=1 of$14.4 million. Under Plan B, cash flows would be $2.1 million per year for 20 years. The firm’s WACC is 12%. a. Construct NPV profiles for Plans A and B, identify each project’s IRR, and show the approximate crossover rate. b. Is it logical to assume that the firm would take on all available independent, average-risk projects with returns greater than 12%? If all available projects with returns greater than 12% have been undertaken, does this mean that cash flows from past investments have an opportunity cost of only 12% because all the company can do with these cash flows is to replace money that has a cost of 12%? Does this imply that the WACC is the correct reinvestment rate assumption for a project’s cash flows? Why or why not? Verified answer Recommended textbook solutionsMarketing Essentials: The Deca Connection1st EditionCarl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese 1,600 solutions
Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions
Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions
Fundamentals of Financial Management, Concise Edition10th EditionEugene F. Brigham, Joel Houston 777 solutions Other Quizlet setswhat does it mean to be human #217 terms tschiltz3 English 11 - 2nd Semester - EOC Study Guide48 terms Zeke87 government70 terms Lilly_Flores35 Chapters 12-17 Inferno!36 terms pastalover777 Which of the following is considered a small business?According to the U.S. Small Business Administration (SBA), a small business has no more than 1,500 employees and less than $38.5 million in average annual revenue, depending on your industry. While these numbers seem enormous, it's crucial to note that nearly 90% of small businesses have fewer than 20 employees.
What is a small business quizlet?A small business is an independently owned and operated company that employees fewer than 500 people and is not dominant in its field of operation.
What are the 4 most common types of small businesses?Typically, there are four main types of businesses: Sole Proprietorships, Partnerships, Limited Liability Companies (LLC), and Corporations.
What are the 3 types of small business of small business?Types of small businesses can include sole proprietorships, partnerships and incorporated companies.
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Which of the following is true of small businesses?
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