TMC 110 Quiz E Learn with flashcards, games, and more — for free.
Study with Quizlet and memorize flashcards containing terms like what type of environment impacts a business if low interest rates and government incentives are offered to open or expand, when a business establishes a web-site and begins to allow customers to place orders online without ever coming into their store, they are responding to change in the _____., When businesses collect ...
Transcribed image text: You are an entrepreneur in the process of purchasing a small business. You want your investment to be safe, so you need to select a business that can be classified as a small business so as to qualify for SBA financing and government contracts.
What is meant by the term "entrepreneurial DNA"? entrepreneurs are born, not made. At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes to be an entrepreneur. He also refers to the "Miles Davis" test.
The following are disadvantages of owning your own small business EXCEPT: learning from mistakes. "Failing forward" refers to: Motivation and passion.
The goal of empowerment in the workplace is to prevent mistakes. Therefore, giving management more control over the actions of lower-level workers will prevent mistakes.
The Appendix of a business plan can contain more detailed information and back -up documents but would NOT include:
Small business revenue grows at a faster rate than that of national companies or Small business dominates the market in the immediate area
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What is meant by the term "entrepreneurial DNA"? entrepreneurs are born, not made. At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes to be an entrepreneur. He also refers to the "Miles Davis" test.
The following are disadvantages of owning your own small business EXCEPT: learning from mistakes. "Failing forward" refers to: Motivation and passion.
The goal of empowerment in the workplace is to prevent mistakes. Therefore, giving management more control over the actions of lower-level workers will prevent mistakes.
The Appendix of a business plan can contain more detailed information and back -up documents but would NOT include:
Small business revenue grows at a faster rate than that of national companies or Small business dominates the market in the immediate area