Which one of the following items is found in the financial data section of the business plan?

Rob is a CPA who works out of an office in his home. His business is named "Friendly Accounting Services." Eventually, Rob would like to grow his business to include partners and bookkeepers. We would classify Rob as ________.

Brandon is examining the state of the economy, the regulatory situation, social trends, and the local labor supply. This would indicate Brandon is ________.

The purpose of examining the state of the economy, the regulatory situation, social trends, and the local labor supply is to

The marketing plan becomes a part of the______ section of the business plan

Which of these represents the three stages that new business ventures go through?

Entrepreneurial firms act as _____ when they provide new and unique ideas that might otherwise go untapped

Nadine is ready to retire after many years building her business. Another entrepreneur has indicated an interest in buying it so Nadine must set a selling price. Which one of the methods below should she use?

Which one of the following would most likely be a source for ideas for the would-be entrepreneur?

Annabel operates a local hardware store that she inherited from her parents. When she took over, she updated the point-of-sale equipment and installed a customer database. Annabel is a(n)

In 1938 Dr. Roy Plunkett discovered that a certain material became very slippery when frozen, and PTFE was invented. Under the brand Teflon, PTFE coatings were applied to a wide variety of items from spacecraft to frying pans. DuPont was able to capitalize on_____

Hortense and a few of her family members want to launch a new venture but don't want to place their personal assets at risk. For this privilege, they are willing to incur the higher taxes associated with the _______ form of organization

People who engage in existing ones ______ take advantage of opportunities to create new products or services, or change

Arthur Fry thought his glue was a failure because it didn't stick permanently, but when applied to small squares of paper, it became the popular Post-It ® note. Arthur Fry took advantage of ______

_____ referred to the external equity financing provided by professionally managed pools of investor money.

Which of these areas do entrepreneurs need to monitor to limit their chance of failure?

Ignacio knows he cannot pay what the "big boys" pay, so he decides instead to emphasize the____his company

offers.



Small business owners see_____ whereas entrepreneurs see____

Which of the following is a personal consideration when evaluating potential business ideas?

Arthur has an idea. After performing a SWOT, he has identified a market that is not being served so he is planning to start a new business and introduce a new product. Arthur is a(n) ____



a sole proprietorship, profits are

Linda has created a computer-generated mockup of her new product for inclusion in the section of her

_____ business plan.

Recognizing the increase in birth rates since 1946, and disliking the task of changing his grandchildren's diapers, Victor Mills began developing a disposable diaper. Pampers were introduced to consumers in 1961. Mills saw opportunity in ______

Belinda has found a business opportunity she believes will be successful, but there are already a couple companies in that market. To be successful, Belinda will need to ______



The first organizing decision that an entrepreneur must make is the



When Michele had only three employees, she performed most of the records-keeping tasks herself and kept a general idea of finances in her head. Now that her business has expanded, she is having money problems. What shouldMichele do?

One of the most common causes of new business failure is ______

Dharma is examining her financial position, the market for her proposed new product, the types of ownership available to her, and the tax laws for her area to determine whether she should go forward with her new business. Dharma is conducting a _____

Geneva needs additional capital to launch her business but does not want to share management responsibility with partners. Neither does she want to pay the high taxes often assessed on businesses. Her best option may be a(n)_______



Gaston knows he cannot be physically present at his new restaurant every hour it is open, so he has decided to share management responsibility and profits equally with two others. Gaston has formed a _______



Hobart is at the point in his new venture that he needs to hire more people. He comes to you for advice on the type of candidate he should seek. You tell him “________”

_______ is a process of changing, experimenting, transforming, and revolutionizing

Jerry has decided to sell his rapidly growing business to his oldest employee so he can retire and enjoy life in Florida Jerry's decision Is ________

Before launching his new venture, Doyle is studying the potential competitors for his new product. He will want to find an answer to which one of the following questions?



Fallon wants total control over the decisions related to his business but is concerned that should the business fail, his personal assets are at risk. Fallon has chosen the _______ form of ownership



 Emily is calculating her annual revenues, balance sheets, and breakeven points so she can write the ______ section of her business plan.



One of the most powerful predictors of entrepreneurial intent is that most future entrepreneurs possess a ______ personality.



In the entrepreneurial process of starting the venture, the following phases are included EXCEPT



Ned has built his entrepreneurial venture into a successful business. Part of his original plan was to build the business then sell it to another company that could take it to the next level of success. In other words, Ned intends to his business.

In the entrepreneurial process of managing the venture, an entrepreneur manages _______



One disadvantage of a sole proprietorship, other than the unlimited liability, is _______

Sarah is exploring idea sources for her new venture. She should look for the followings EXCEPT ______

Entrepreneurship is important to the overall economy since entrepreneurs _______

Decades ago only former military personnel and hoodlums sported tattoos. Today tattoos are considered an art form, giving rise to a plethora of tattoo shops. These body artists have taken advantage of changes in ________