Key Concept Quiz


1	A current trend in big businesses is:
		A)	An increase in number
		B)	Decentralization
		C)	Promotion of entrepreneurship
		D)	B and C


2	Since the late 1980's fewer Canadians have been employed by small business.
		A)	True
		B)	False


3	Which of the below are signs of the entrepreneurial revolution:
		A)	Increase in government interest and programs
		B)	Increase in entrepreneurial activities in large businesses
		C)	Increase in organizations that advance the small business cause
		D)	All of the above


4	Which criterion may be used to distinguish a small business from a large one.
		A)	Annual Export levels
		B)	Number of employees
		C)	Total annual expenditures
		D)	Products sold by the business


5	97% of all small businesses operating in Canada employ fewer than 50 employees:
		A)	True
		B)	False


6	Which of the following statements on the current state of small business is true:
		A)	There has been a recent increase in small business startups by young people
		B)	There has been a recent increase in small business startups by immigrants
		C)	There has been a recent increase in small business startups by females
		D)	All of the above


7	What province has experienced the largest increase in self-employment:
		A)	Prince Edward Island
		B)	Saskatchewan
		C)	British Columbia
		D)	Manitoba


8	One disadvantage of small businesses is lack of closeness to employees.
		A)	True
		B)	False


9	Which of the below will most contribute to the success of small businesses in the future:
		A)	Improved accounting practices
		B)	Rejection of new technologies
		C)	Business flexibility in the face of change
		D)	Increase in the number of employees


10	___________ have affected the intensely competive environment that small businesses face:
		A)	The North American Free Trade Agreement
		B)	The worldwide movement to global markets
		C)	A and B
		D)	None of the above


11	Many entreprenuers have started their own businesses as a result of recent downsizing in large companies.
		A)	True
		B)	False


12	Why did Jason Cunningham and Derek Brock begin Calgary-based Jugo Juice:
		A)	They had a natural interest in small business
		B)	They had a desire for challenge
		C)	They wanted to tap into a growing market
		D)	All of the above


13	The following may be used to classify a business as small:
		A)	Total revenue
		B)	Profits
		C)	Independent management
		D)	All of the above


14	LuAn Mitchell of Mitchell's Gourmet Foods faced the following challenges as a female entrepreneur:
		A)	A near bankruptcy
		B)	A fight for ownership in her husband's business
		C)	A and B
		D)	None of the above


15	Which is not a contribution of small businesses:
		A)	Productivity and profitability
		B)	Social and community contributions
		C)	Large increase in manufacturing jobs
		D)	Innovations and inventions

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