In the United States, small- and medium-sized enterprises (SMEs) are defined as firms with less than _____.
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 _____.
5._____ is defined as the identification and exploitation of previously unexplored opportunities.
6.Founders and/or owners of new businesses or managers of existing firms who identify and exploit new opportunities are called _____.
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?
9.Among developed countries, _____ has the lowest rate of start-ups.
10.Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?
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