1. The growth of small business in Canada has consistently


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1. The growth of small business in Canada has consistently 
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 centered in the Maritime Provinces


 

2. The goal of social entrepreneurs is to 
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


 

3. Determining the number of new small businesses that are established each year 
A. is a matter of reviewing new business listing in the Canada.411 web site
B. is not an interesting statistic
C. has proved to be difficult if not impossible
D. is a straightforward process of examining new business registrations records


 

4. Today, small business owners are viewed 
A. as people who are usually unemployable
B. without much respect
C. with suspicion
D. very positively


 

5. The majority of small business owners are 
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


 

6. The BDC provides 
A. funding for all small Canadian owned startup 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


 

7. Operating profit of $300,000 
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


 

8. Microbusiness refers to 
A. a business that operates in the computer industry
B. a retail business with only one location
C. a totally paperless business
D. a business that has fewer than five employees


 

9. Senior entrepreneurs 
A. are a small and stable component of Canadian Small Business
B. refers to senior citizens who own a business
C. are rarely successful in their business venture
D. refers to entrepreneurs who have owned their successful business for many years


 

10. Canadian small business activity is more dominant 
A. in sectors that are not capital intensive
B. in the same sectors as Canadian large business
C. in areas where commercial rental rates are lower than the national average
D. in locations populated primarily by senior citizens


 

11. The location of the most rapid growth in self-employment 
A. is expected to decline rapidly in the next few years
B. has been impossible to determine
C. is of little interest to motivated new small business owners
D. has been in Ontario and Alberta during the past 10 years


 

12. Men and women entrepreneurs tend to 
A. have gender specific backgrounds
B. start their businesses at roughly the same age
C. have similar backgrounds
D. work the same number of hours in their businesses


 

13. The majority of innovations and inventions that society benefits from today 
A. were the responsibility of individuals in small business
B. were developed in University research labs
C. have been imported form countries with strong research centres
D. were developed in large business with significant research funding


 

14. Traditional thinking has been that 
A. the larger the organization the more likely it is to dominate innovation in its industry
B. the larger the organization the greater its rate of growth
C. the larger the organization the less likely it is to succeed
D. the larger the organization the greater the opportunity to be more productive and profitable


 

15. Small businesses are generally able to respond 
A. less quickly than large businesses to changes in the economy
B. at the same speed as large businesses to changes in competition
C. more quickly than large business to changes in government policies
D. without any long term impact to large business innovation


 

16. Small businesses contribute to the communities in which they operate in non-business ways 
A. if they are asked to do so
B. to a greater extent than employees of a large corporation might do
C. on a more limited basis than large corporations
D. because owners of small businesses often are driven by a desire to be liked


 

17. The current period of rapid change 
A. is generally believed to be almost finished
B. is only imaginary and doesn't stand up to close scrutiny
C. is not significant
D. is expected to continue


 

18. More small businesses will take advantage of computer applications 
A. regardless of its cost
B. because it is a fashionable way to run a business
C. as computer technology becomes more affordable
D. if customers demand that they do so


 

19. The small business competitive environment has been mostly affected by 
A. the globalization of markets AND big business's response to small business
B. increasing fashion demands AND the shrinkage of the middle class
C. new product development AND foreign currency rates of exchange
D. better educated small business owners AND free trade agreements


 

20. It is generally felt that government regulation 
A. protects society's interests
B. puts small business at a competitive disadvantage to large business
C. cannot be simplified
D. is an equal burden to most business regardless of their size


 
c1 Key
 


1. The growth of small business in Canada has consistently 
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 centered in the Maritime Provinces

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #1
Difficulty: Easy
Learning Objective: 01-01 Discuss the level of interest and activity in the small business sector.
 


2. The goal of social entrepreneurs is to 
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

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #2
Difficulty: Easy
Learning Objective: 01-01 Discuss the level of interest and activity in the small business sector.
 


3. Determining the number of new small businesses that are established each year 
A. is a matter of reviewing new business listing in the Canada.411 web site
B. is not an interesting statistic
C. has proved to be difficult if not impossible
D. is a straightforward process of examining new business registrations records

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #3
Difficulty: Medium
Learning Objective: 01-01 Discuss the level of interest and activity in the small business sector.
 


4. Today, small business owners are viewed 
A. as people who are usually unemployable
B. without much respect
C. with suspicion
D. very positively

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #4
Difficulty: Easy
Learning Objective: 01-01 Discuss the level of interest and activity in the small business sector.
 


5. The majority of small business owners are 
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

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #5
Difficulty: Easy
Learning Objective: 01-02 Evaluate common methods of defining small business and explain why a definition is important.
 


6. The BDC provides 
A. funding for all small Canadian owned startup 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

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #6
Difficulty: Easy
Learning Objective: 01-02 Evaluate common methods of defining small business and explain why a definition is important.
 


7. Operating profit of $300,000 
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

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #7
Difficulty: Difficult
Learning Objective: 01-02 Evaluate common methods of defining small business and explain why a definition is important.
 


8. Microbusiness refers to 
A. a business that operates in the computer industry
B. a retail business with only one location
C. a totally paperless business
D. a business that has fewer than five employees

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #8
Difficulty: Difficult
Learning Objective: 01-02 Evaluate common methods of defining small business and explain why a definition is important.
 


9. Senior entrepreneurs 
A. are a small and stable component of Canadian Small Business
B. refers to senior citizens who own a business
C. are rarely successful in their business venture
D. refers to entrepreneurs who have owned their successful business for many years

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #9
Difficulty: Medium
Learning Objective: 01-03 Describe the current extent of entrepreneurship and small business in Canada.
 


10. Canadian small business activity is more dominant 
A. in sectors that are not capital intensive
B. in the same sectors as Canadian large business
C. in areas where commercial rental rates are lower than the national average
D. in locations populated primarily by senior citizens

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #10
Difficulty: Difficult
Learning Objective: 01-03 Describe the current extent of entrepreneurship and small business in Canada.
 


11. The location of the most rapid growth in self-employment 
A. is expected to decline rapidly in the next few years
B. has been impossible to determine
C. is of little interest to motivated new small business owners
D. has been in Ontario and Alberta during the past 10 years

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #11
Difficulty: Easy
Learning Objective: 01-03 Describe the current extent of entrepreneurship and small business in Canada.
 


12. Men and women entrepreneurs tend to 
A. have gender specific backgrounds
B. start their businesses at roughly the same age
C. have similar backgrounds
D. work the same number of hours in their businesses

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #12
Difficulty: Easy
Learning Objective: 01-03 Describe the current extent of entrepreneurship and small business in Canada.
 


13. The majority of innovations and inventions that society benefits from today 
A. were the responsibility of individuals in small business
B. were developed in University research labs
C. have been imported form countries with strong research centres
D. were developed in large business with significant research funding

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #13
Difficulty: Difficult
Learning Objective: 01-04 Discuss the benefits a healthy small business sector can offer society.
 


14. Traditional thinking has been that 
A. the larger the organization the more likely it is to dominate innovation in its industry
B. the larger the organization the greater its rate of growth
C. the larger the organization the less likely it is to succeed
D. the larger the organization the greater the opportunity to be more productive and profitable

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #14
Difficulty: Difficult
Learning Objective: 01-04 Discuss the benefits a healthy small business sector can offer society.
 


15. Small businesses are generally able to respond 
A. less quickly than large businesses to changes in the economy
B. at the same speed as large businesses to changes in competition
C. more quickly than large business to changes in government policies
D. without any long term impact to large business innovation

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #15
Difficulty: Easy
Learning Objective: 01-04 Discuss the benefits a healthy small business sector can offer society.
 


16. Small businesses contribute to the communities in which they operate in non-business ways 
A. if they are asked to do so
B. to a greater extent than employees of a large corporation might do
C. on a more limited basis than large corporations
D. because owners of small businesses often are driven by a desire to be liked

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #16
Difficulty: Easy
Learning Objective: 01-04 Discuss the benefits a healthy small business sector can offer society.
 


17. The current period of rapid change 
A. is generally believed to be almost finished
B. is only imaginary and doesn't stand up to close scrutiny
C. is not significant
D. is expected to continue

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #17
Difficulty: Easy
Learning Objective: 01-05 Explain the probable future environment for entrepreneurship and the small business community.
 


18. More small businesses will take advantage of computer applications 
A. regardless of its cost
B. because it is a fashionable way to run a business
C. as computer technology becomes more affordable
D. if customers demand that they do so

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #18
Difficulty: Medium
Learning Objective: 01-05 Explain the probable future environment for entrepreneurship and the small business community.
 


19. The small business competitive environment has been mostly affected by 
A. the globalization of markets AND big business's response to small business
B. increasing fashion demands AND the shrinkage of the middle class
C. new product development AND foreign currency rates of exchange
D. better educated small business owners AND free trade agreements

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #19
Difficulty: Difficult
Learning Objective: 01-05 Explain the probable future environment for entrepreneurship and the small business community.
 


20. It is generally felt that government regulation 
A. protects society's interests
B. puts small business at a competitive disadvantage to large business
C. cannot be simplified
D. is an equal burden to most business regardless of their size

 


Accessibility: Keyboard Navigation
Balderson - Chapter 01 #20
Difficulty: Medium
Learning Objective: 01-05 Explain the probable future environment for entrepreneurship and the small business community.
 

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