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1. University-of-Florida MGT 101 Chapter 6
Part 6
Get help for University-of-Florida MGT 101 Chapter 6 Part 6. We provide assignment, homework,
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MGT 101 Chapter 6--Managing Small Business Start-Ups PART6
91. A groupof companiesorindividualsthatinvestsmoneyinnew orexpandingbusinessesfor
ownershipandpotentialprofitsisknownas:
A. an equityfinancingfirm.
B. franchising.
C. a venture capital firm.
D. a corporation.
E. a trade alliance.
92. A venture capital firmwantstoinvestinbusinesseswithahighrate of return.In return,they
will:
A. investlarge amountsof money.
B. provide necessaryassistance andadvice.

2. C. provide informationtohelpthe entrepreneurprosper.
D. all of these.
E. provide necessaryassistance andadvice andprovide informationtohelpthe entrepreneur
prosperonly.
93. Whichof these referstothe financingthatconsistsof fundsthatare investedinexchange for
ownershipinthe company?
A. Venture-debt
B. Debtfinancing
C. Equityfinancing
D. Franchising
E. Licensing
94. Wendyenjoysmakingcraftsandgivingthese awayasgiftsto friendsandfamily. One day,she
decidedtoquitherjoband make crafts full-time,sellingthemonhernew companyWebsite. Which
tactic of becominga businessownerdidWendyuse?
A. Equityfinancing
B. Newbusinessstart-up
C. Buyingan existingbusiness
D. Buyinga franchise
E. Merger andacquisition

3. 95. Whichof these offersthe advantage thatthe entrepreneurhasthe abilitytodevelopanddesign
the businessinthe entrepreneur'sownway?
A. Participate ina businessincubator
B. Start a newbusiness
C. Buy a franchise
D. Buy an existingbusiness
E. All of these
96. An advantage of whichof these tacticsisthat there isa shorterstart-uptime andan existing
track record?
A. Participate ina businessincubator
B. Start a newbusiness
C. Buy a franchise
D. Buy an existingbusiness
E. Debtfinancing
97. _____ referstoan arrangementbywhichthe ownerof a productor service allowsothersto
purchase the rightto distribute the productorservice withhelpfromthe owner.
A. Franchising
B. Businessincubation
C. Spinning-off
D. Globalization

4. E. Rightofferings
98. _____ wasone of the top 10 fastest-growingfranchisesin2011.
A. Arby's
B. KrispyKreme
C. Subway
D. Wendy's
E. DairyQueen
99. Whichof these istrue aboutthe businessincubator?
A. It givesupcontrol since everybusinessisrunthe same way.
B. It providessharedofficespace,managementsupportservices,andmanagementadvice.
C. It developsaninternationalbusiness.
D. It providesanestablishedname andadvertising.
E. All of these.
100. The majorityof the incubatorsare operatedby:
A. large corporations.
B. non-profitorganizations.

5. C. small businesses.
D. international businesses.
E. college drop-outs.
101. Entrepreneurswhoaspire tostartonline businessesimplementall the followingstepsexcept:
A. create a professional Website.
B. choose a domainname.
C. buildonline relationships
D. determine physical location.
E. identifyaprofitablemarketniche.
102. Max is the Website managerfor a local florist. The company’sownerwouldlikeMax to
redesignthe Website sothatcustomerscan connectdirectlywithfloristemployeesonadailybasis
aboutproducts andspecials.Thisrelatestowhichstepinestablishinganonline business?
A. Findinganiche market
B. Creatinga professional Website
C. Choosingatarget market
D. Choosingadomainname
E. Buildingonline relationships
103. Managers musttailortheirplanning,organizing,leading,andcontrollingtofit:

6. A. the current stage of growth.
B. financial needs.
C. inventorylevels.
D. the numberof ordersto be filled.
E. theircomfortlevel.
104. Marion isan entrepreneur.Atthisstage of hiscompany'sgrowth,hismainconcernsare do we
have enoughcustomersandmoney.Whatstage of growthisMarion's companyin?
A. Start-up
B. Survival
C. Takeoff
D. Resource maturity
E. Success
105. All of these are entrepreneurial characteristicsexcept:
A. self-confidence.
B. tolerance forambiguity.
C. external locusof control.
D. highenergylevel.
E. awarenessof passingtime.

7. 106. Samuel Rohrerisprovidingconsumerswithanew,uniquebusiness.The stage of the growth
where hisbusinesshasdemonstratedthatitisa workable businessentityisconsideredthe:
A. start-upstage.
B. survival stage.
C. successstage.
D. takeoff stage.
E. resource maturitystage.
107. At whichstage of growthis the companyif it issolidlybasedandprofitable?
A. Resource maturity
B. Takeoff
C. Survival
D. Success
E. Existence
108. Janelle isveryinnovativeandattentivetodetail.Asshe startsherowncompany,she leadsher
employeesandensuresthateverydetail isattendedto.Ashercompanygrows,she findsitmore
difficulttodeal withandmotivate heremployees.She ismore interestedinthe product.Whatstage of
growthis Janelle'scompanygoingthrough?
A. Resource maturity
B. Takeoff

8. C. Survival
D. Success
E. Existence
109. Formal planning,suchasa strategicplan,isusuallyinstitutedduringwhichstage?
A. Start-up
B. Survival
C. Takeoff
D. Success
E. Resource maturity
110. Duringthe _____ stage,the companywill needtomake greateruse of budgets,standardcost
systems,andstatistical reports.
A. existence
B. survival
C. takeoff
D. success
E. maturity
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