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Chapter 6 Test

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1.
What term means, the money needed to pay for the current operating activities of a business?
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2.
Small businesses are especially suited to provide unique services for whom?
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3.
Who owns over one-fourth of all small businesses?
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4.
What term means, an independent buisness with fewer than 500 employees?
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5.
What term means, the amount of money needed to open the business?
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6.
What term means, a designed change that increases the usefulness of a product, service, or process?
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7.
What term means, a government agency that helps small business owners develop buisness plans and obtain financing and other support for their companies?
A.
Short term Financing
B.
Small Business
C.
Customers
D.
Improvement
E.
Small Business Administration
F.
Women
G.
Start-up Financing
Type the Answer that corresponds to the displayed Question.
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8.
What term means, a written description of the business idea and how it will be carried out, including all major business activities?
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9.
What play a vital role in the economy?
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10.
What term means, someone who take a risk in starting a business to earn a profit?
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11.
What term means, money provided by large investors to finance new products and new businesses that have a good chance to be very profitable?
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12.
What term means, money needed for the main resources of a business that will last for many years?
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13.
What term means, an invention or creation that is brand new?
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14.
What term means, the process of starting, organizing, managing, and assuming the responsibility for a business?
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15.
Many small business owners are quite what?

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