I need the answers to these questions for the Entrepreneurship and Innovation course 3:06SOי יו 1פRevision Assignment - Read-onlyRea...2. Which of the following best describes one of the contributions ofsmall businesses?a. They are sources of new ideas or services that largerbusinesses may be unable to provide.b. They provide large capital gains to the owners.c. Their products and services are sold at prices that are lowerthan large businesses' prices.d. They provide economies of scale that large businesses cannotmatch.3. Most creative entrepreneurs are very good managers.a. Trueb. False4. An entrepreneurial venture is characterized by:a. innovative strategic practices and/or products.b. independent ownership and operation and no desire fordominance in its field.c. no scope of growing large, and the owners may not want itto.d. normal sales, profits, and growth as opposed to rapidgrowth and a quick sellout.5. Which of the following does a business incubator do to help smallbusiness owners succeed?a. Find out the competition and make deals for cooperationb. Provide management assistance and shared office servicesc. Hire employees and train themd. Keep their financial records up to dateis a voluntary decision to terminate a business.a. Foreclosureb. Formal Failurec. Discontinuanced. Bankruptcy6.7. A new small business owner's primary motive is usuallya. independence, that is, freedom from interference or controlby superiorsb. the need to obtain a second income for balancing the lossesof other venturesc. the need to provide a niche productd. to seek security, place, power, prestige, high income, andbenefits|Page77 of 10 2307 Words8. John opened All-for-Shop, a small retail outlet, in his neighborhood.Ha could nat auntin it far mara han a vaar hacuee af hun lannn. 3:06 O"" 7 ull ul 50SORea...c. the need to provide a niche productd. to seek security, place, power, prestige, high income, andbenefits|Page78. John opened All-for-Shop, a small retail outlet, in his neighborhood.He could not sustain it for more than a year because of huge lossesand chose to shut it down. Fortunately, he did not have anycreditors. Which of the following does the situation describe?a. Formal Failureb. Foreclosurec. Bankruptcyd. Personal Failure9. Reengineering is the fundamental redesign of a business, oftenresulting in reduction in size and markets.a. Trueb. False10.is any business that is independently owned andA.operated and is not dominant in its field of operation.a. monopolistic organizationb. public enterprisec. close corporationd. small business.1וWhich of the following is true about the final stage of thetypical growth pattern that small businesses tend to follow?a. Owners manage the business and do all the work.b. Owners manage their companies but hire employees to helpwith routine and/or management activities.c. Owners hire managers to run the firms.d. Owners outsource much of the supervisory work.classified as small?12.a. Management is independent, and the area of operation isprimarily local.b. It is dominant in its field of operation, and it employs 100 -200 people.c. Ownership is held by a large group of people, and themarket is primarily local.d. Capital is provided by a federal institution, and theobjectives are non-profitability andWhich of the following features must a business have to beservicetothegovernment.13.Which of the following is a problem faced by smallbusinesses today?|Page88 of 10 2307 Wordsa. Lack of advertisingh Iack of rielk trakare

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I need the answers to these questions for the Entrepreneurship and Innovation course 3:06SOי יו 1פRevision Assignment - Read-onlyRea...2. Which of the following best describes one of the contributions ofsmall businesses?a. They are sources of new ideas or services that largerbusinesses may be unable to provide.b. They provide large capital gains to the owners.c. Their products and services are sold at prices that are lowerthan large businesses' prices.d. They provide economies of scale that large businesses cannotmatch.3. Most creative entrepreneurs are very good managers.a. Trueb. False4. An entrepreneurial venture is characterized by:a. innovative strategic practices and/or products.b. independent ownership and operation and no desire fordominance in its field.c. no scope of growing large, and the owners may not want itto.d. normal sales, profits, and growth as opposed to rapidgrowth and a quick sellout.5. Which of the following does a business incubator do to help smallbusiness owners succeed?a. Find out the competition and make deals for cooperationb. Provide management assistance and shared office servicesc. Hire employees and train themd. Keep their financial records up to dateis a voluntary decision to terminate a business.a. Foreclosureb. Formal Failurec. Discontinuanced. Bankruptcy6.7. A new small business owner's primary motive is usuallya. independence, that is, freedom from interference or controlby superiorsb. the need to obtain a second income for balancing the lossesof other venturesc. the need to provide a niche productd. to seek security, place, power, prestige, high income, andbenefits|Page77 of 10 2307 Words8. John opened All-for-Shop, a small retail outlet, in his neighborhood.Ha could nat auntin it far mara han a vaar hacuee af hun lannn.> 3:06 O&#34;&#34; 7 ull ul 50SORea...c. the need to provide a niche productd. to seek security, place, power, prestige, high income, andbenefits|Page78. John opened All-for-Shop, a small retail outlet, in his neighborhood.He could not sustain it for more than a year because of huge lossesand chose to shut it down. Fortunately, he did not have anycreditors. Which of the following does the situation describe?a. Formal Failureb. Foreclosurec. Bankruptcyd. Personal Failure9. Reengineering is the fundamental redesign of a business, oftenresulting in reduction in size and markets.a. Trueb. False10.is any business that is independently owned andA.operated and is not dominant in its field of operation.a. monopolistic organizationb. public enterprisec. close corporationd. small business.1וWhich of the following is true about the final stage of thetypical growth pattern that small businesses tend to follow?a. Owners manage the business and do all the work.b. Owners manage their companies but hire employees to helpwith routine and/or management activities.c. Owners hire managers to run the firms.d. Owners outsource much of the supervisory work.classified as small?12.a. Management is independent, and the area of operation isprimarily local.b. It is dominant in its field of operation, and it employs 100 -200 people.c. Ownership is held by a large group of people, and themarket is primarily local.d. Capital is provided by a federal institution, and theobjectives are non-profitability andWhich of the following features must a business have to beservicetothegovernment.13.Which of the following is a problem faced by smallbusinesses today?|Page88 of 10 2307 Wordsa. Lack of advertisingh Iack of rielk trakare

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