Test Bank For Canadian Entrepreneurship And Small
Business Management 11th Edition By Wesley
Balderson
Version 1 2
MULTIPLE CHOICE - Choose the one
... [Show More] alternative that best completes the statement or
answers the question.
1) The growth of small business in Canada has consistently
1) ______
A) surpassed the growth of the Canadian economy as a whole.
B) fallen short of the growth of larger organizations in Canada.
C) been a matter of frustration for Canadian bankers.
D) been centred in the Maritime Provinces.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector.
Topic : 01-01 Nature and Development of entrepreneurship in Canada
Source : Chapter 01 Test Bank > TB 01-01 The growth of small business in Canada has c...
2) The goal of social entrepreneurs is to
2) ______
A) create a workplace environment that is friendly and caring.
B) create social change.
C) primarily earn a profit without hurting their customers' feelings.
D) have the freedom that comes by not being an employee.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector.
Topic : 01-01 Nature and Development of entrepreneurship in Canada
Source : Chapter 01 Test Bank > TB 01-02 The goal of social entrepreneurs is to
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3) Self-employed people in Canada make up over _______ percent of the labour force.
3) ______
A) 10
B) 15
C) 20
D) 25
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector.
Topic : 01-01 Nature and Development of entrepreneurship in Canada
Source : Chapter 01 Test Bank > TB 01-03 Self-employed people in Canada make up over ...
4) Determining the number of new small businesses that are established each year
4) ______
A) is a matter of reviewing new business listing in the Canada.411 website.
B) is not an interesting statistic.
C) has proved to be difficult, if not impossible.
D) is a straightforward process of examining new business registration records.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector.
Topic : 01-02 Increases in the Number of Business Establishments
Source : Chapter 01 Test Bank > TB 01-04 Determining the number of new small business...
5) Today, small business owners are viewed
5) ______
A) as people who are usually unemployable.
B) without much respect.
C) with suspicion.
D) very positively.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector.
Topic : 01-08 Improvement in the Image of Small Business
Source : Chapter 01 Test Bank > TB 01-05 Today, small business owners are viewed
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6) The number of small business-related courses at Canadian colleges and universities has
_________ in the past few years.
6) ______
A) risen dramatically
B) declined
C) remained the same
D) risen slightly
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector.
Topic : 01-05 Increases in the Number of Small Business-Related Courses at Colleges and Universities
Source : Chapter 01 Test Bank > TB 01-06 The number of small business-related courses...
7) Recently, both the federal and provincial governments have been working to ______ small
businesses have to manage.
7) ______
A) reduce the amount of red tape or bureaucracy
B) reduce the number of employees
C) increase the number of employees
D) increase the taxes and reporting
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-01 Discuss the level of interest and activity in the small business sector.
Topic : 01-04 Increases in Government Interest and Programs
Source : Chapter 01 Test Bank > TB 01-07 Recently, both the federal and provincial go...
8) The majority of small business owners are
8) ______
A) employed elsewhere while running the small business.
B) single parents.
C) the managers of their business.
D) former executives in businesses in the same industry as their small business.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin
Topic : 01-12 Lending Programs
Source : Chapter 01 Test Bank > TB 01-08 The majority of small business owners are
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9) The BDC provides
9) ______
A) funding for all small Canadian owned start-up businesses.
B) programs for small businesses that satisfy certain criteria.
C) management support for small businesses in the manufacturing industry.
D) access to customer credit reports for small businesses before they extend credit.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Easy
Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin
Topic : 01-12 Lending Programs
Source : Chapter 01 Test Bank > TB 01-09 The BDC provides
10) A net operating profit of $500,000
10) ______
A) is a cut off point for the small business deduction.
B) is considered a goal for start-ups to achieve in their first 5 years of operations.
C) can rarely be sustained by small business in Canada.
D) usually ensures that a small business can obtain bank financing.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Hard
Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin
Topic : 01-12 Lending Programs
Source : Chapter 01 Test Bank > TB 01-10 A net operating profit of $500,000
11) Microbusinesses refer to
11) ______
A) businesses that operate in the computer industry.
B) retail businesses with only one location.
C) totally paperless businesses.
D) businesses that employ fewer than five employees.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Hard
Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin
Topic : 01-12 Lending Programs
Source : Chapter 01 Test Bank > TB 01-11 Microbusinesses refer to
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12) Any business with less than ________ employees is considered a SME.
12) ______
A) 100
B) 250
C) 500
D) 1000
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-02 Evaluate common methods of defining small business and explain why a defin
Topic : 01-12 Lending Programs
Source : Chapter 01 Test Bank > TB 01-12 Any business with less than ________ employe...
13) Senior entrepreneurs
13) ______
A) are a small and stable component of Canadian small businesses.
B) refer to senior citizens who own a business.
C) are rarely successful in their business venture.
D) refer to entrepreneurs who have owned their successful business for many years.
Question Details
Accessibility : Keyboard Navigation
Difficulty : Medium
Learning Objective : 01-03 Summarize the current extent of entrepreneurship and small business in Can
Topic : 01-15 Senior Entrepreneurs
Source : Chapter 01 Test Bank > TB 01-13 Senior entrepreneur [Show Less]