Home / Questions / In the United States, small- and medium-sized enterprises (SMEs) are defined as firms with
In the United States, small- and medium-sized enterprises (SMEs) are defined as firms with less than _____.
a.20 employees
b.250 employees
c.1000 employees
d.500 employees
2.Which of the following is a defining characteristic of entrepreneurship?
a.Size of the firm
b.Market share of the firm
c.Ability to exploit opportunity
d.Nationality of the individual or firm
3.Which of the following is true of SMEs?
a.They are less entrepreneurial than large firms, on average.
b.They account for over 95 per cent of total firms around the world.
c.They generate less employment than larger firms around the world.
d.They generally have more than a thousand employees per firm.
4.In the European Union, small and medium-sized enterprises (SMEs) are defined as firms with less than _____.
a.500 employees
b.250 employees
c.1000 employees
d.750 employees
5._____ is defined as the identification and exploitation of previously unexplored opportunities.
a.Distributorship
b.Dealership
c.Vendorship
d.Entrepreneurship
6.Founders and/or owners of new businesses or managers of existing firms who identify and exploit new opportunities are called _____.
a.bloggers
b.entrepreneurs
c.adjudicators
d.arbitrators
7.Which of the following types of societies would most likely foster more entrepreneurship?
a.Individualistic and high uncertainty-avoidance
b.Collectivistic and high uncertainty-avoidance
c.Collectivistic and low uncertainty-avoidance
d.Individualistic and low uncertainty-avoidance
8.Which of the following is a part of the VRIO framework?
a.Value
b.Reliability
c.Impulse
d.Orientation
9.Among developed countries, _____ has the lowest rate of start-ups.
a.United Kingdom
b.United States
c.Russia
d.Japan
10.Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?
a.Monotonousness
b.Internationalization
c.Inimitability
d.Informality
Dec 08 2019 Read more Less More
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