Question 21(1 point)

Venture capital firms do not get involved in the operations of the business.

Question 21 options:

TrueFalse

Question 22(1 point)

Premier Taxmoore wants to help revitalize inner cities and stimulate more innovation. What type of legislation should he support to achieve both of these goals?

Question 22 options:

legislation that calls for greater government ownership of factories located in inner cities

legislation that increases government benefits for those that are unemployed

legislation that makes it illegal for firms to outsource jobs

legislation that encourages the formation of small businesses

Question 23(1 point)

Which source is used to fund about half of all start-ups, even though it can result in very high financing costs?

Question 23 options:

credit cards

microloans

venture capital firms

revolving credit agreements with commercial banks

Question 24(1 point)

What source of funding do the majority of new small business owners rely heavily on to finance their start-ups?

Question 24 options:

loans from commercial banks

investments by venture capital firms

personal sources, including family, friends, and credit cards

money from angel investors

Question 25(1 point)

Economic survival can motivate individuals to become entrepreneurs.

Question 25 options:

TrueFalse

Question 26(1 point)

Which of the following traits are entrepreneurs most likely to have?

Question 26 options:

aversion to risk

dependence on others

vision

laziness