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 View more View Less
Record the purchase of supplies account for future use, $7.
Sep 17 2020In searching for financial statement fraud, the three aspects of directors and members of management that should be known are (1) their backgrounds, (2) their motivations...
Aug 16 2021Consider an asset that costs $783,200 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of...
Apr 11 2020Consider the flasks in the following diagram. What are the final partial pressures of and after the stopcock between the two flasks is opened? (Assume the final volume ...
Jul 30 2021LO1 Understand the different perspectives of human resource management 1.1 explain Guest’s model of HRM 1.2 compares the differences between Storey’s definitions of HRM, ...
May 23 2020Which financial ratios would you be most likely to consult if you were the following? Why? a. A banker considering the financing of seasonal inventory b. A wealthy equity...
Mar 29 2020You are considering an annuity which costs $52700 today. The annuity pays $4800 a year. The rate of return is 8 percent. What is the length of the annuity time period?
Jun 20 2021CulturalHow does a college basketball team's record of wins and losses, and its ranking in its conference, support the court's decision in this case?
Aug 01 2021The scraper whose performance curve is shown in Figure 4-2 is operating at an altitude at which the derating factor is 10%. The scraper is operating up a grade of 3% over...
Jul 22 2020The master budget is composed of operating budgets and financial budgets.12.The master budget is typically a comprehensive financial plan for the organization for the pas...
Mar 13 2020