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BA109 Quiz - Latest 2023 with complete solution

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Entrepreneurs choose to enter their particular business fields because they have an interest in them and enjoy those lines of work. They have often made their hobbies their business. - True Women in business still experience ________ as they attempt to break the "glass ceiling." - discrimination Not all family-owned businesses are small; in fact, approximately one-third of the Fortune 500 companies are family businesses. - True An often fatal error made by many small business owners is to open their businesses on a "shoestring," causing them to be undercapitalized. - True Expanding a business usually requires no significant changes in structure or business practices. - False Because they have college degrees, a working knowledge of business, and years of management experience, both corporate castoffs and corporate dropouts who become entrepreneurs will most likely increase the small business survival rate. - True ________ percent of all U.S. businesses are family owned and managed. - Ninety One hallmark of successful entrepreneurs is the ability to: - fail intelligently. "Constantly being practical" is a mental block that can stifle creativity. - True This set of experiences may enhance individual creativity. - All of these Creativity and innovation are the signature of small, entrepreneurial businesses. - True Entrepreneurs can encourage creative thinking in their employees by setting examples of creative behavior and rewarding creative behavior when exhibited by their employees. - True Trade dress is the unique combination of elements that a company uses to create a products image and to promote it. - True The right brain takes care of the body's emotional, intuitive, and spatial functions. - True The U.S. Copyright Office does not require registering the creative work because registering it does not give creators greater protection over their work. - False Which hemisphere of the brain is responsible for the body's emotional, intuitive, and spatial functions? - Right hemisphere Steps in the patent process include: - All of these The right brain processes information intuitively-all at once, relying heavily on images. - True "Divergent thinking" is the ability to see similarities and connections among various data and events. - False Hiring a diverse workforce makes it more difficult to achieve creativity in the workplace. - False Although developing a strategic plan is important for large companies, it is not essential to managing a small company successfully because of its limited resources. - False A small company following a ________ strategy seeks to build customer loyalty by positioning its goods and services in a unique fashion. - differentiation Rather than attempting to serve the total market, the small firm pursuing a ________ strategy specializes in serving a specific target segment. - focus

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