Entrepreneurship 2nd Semester Final Exam Review

Which one of the following gives access and opportunity to so many who are considering becoming an entrepreneur?

• access to technology
• the internet
• the power of computing
• all of the above

You can reach more potential customers today, more easily, and more cost effectively, than ever before, due to:

• TV and billboard advertising
• digital marketing and social network channels
• broadband and newspaper
• TV and SEO

How many employees does a solopreneur have including themselves?

• 2025-02-05 00:00:00
• under 500
• 1
• depends on the type of business

Nearly all business employers are:

• large business employers
• small business employers
• government employers
• public schools

The government collects __________ in order to pay for roads and schools and other infrastructure.

• Social Security
• Medicare
• taxes
• budgets

Local governments and chambers of commerce are usually very supportive of small businesses because:

• they employee 500 people
• they employee half of the public sector employees
• they stay small and serve the local community
• of their overall importance and impact they have on the economy and society as a whole.

One positive impact small businesses have on society is:

• they have a low tax rate
• they turn into big businesses
• they pollute the air
• they pay taxes and governments spend that money on roads and schools and other infrastructure

Entrepreneurs share this in common: they have ____________ for their vision, their purpose, for the problem they are trying to solve, and the company they are trying to build.

• flexibility
• money
• passion
• indifference

An angel investor helps start-ups by:

• managing the business
• creating policies and procedures
• purchasing supplies
• providing capital

Governmental policy can encourage entrepreneurship by:

• imposing stricter regulations
• reducing regulations and taxes
• increasing interest rates
• restricting trade.