Chapter 14

On average, what percentage of the total numbers of small businesses cease trading every year. Is it approximately:
1. 5%
2. 15%
3. 20%
4. 10%
Of the businesses that close down every year, approximately how many do so with debts left unpaid?
1. 20%
2. 10%
3. 30%
4. 50%
What percentage of owners that exit from a business go back into business ownership? Is it over:
1. a quarter
2. a third
3. a half
An entrepreneur who owns more than one business at a time is called
1. an intrapreneur
2. a corporate entrepreneur
3. a portfolio entrepreneur
An entrepreneur who runs a business, sells it and moves onto another venture in a relatively short time is called
1. a failed entrepreneur
2. a serial entrepreneur
3. a multiple entrepreneur
The total market value of a company’s shares divided by the annual profits is called
1. gearing
2. quality of earnings
3. a price earnings (PE) ratio
4. multiple of profits
There are five key influences that add value to a business. Which two of the following is not among of them?
1. customer base and market position
2. knowledge and intellectual property
3. the entrepreneurial team
4. the age of the owner
5. the age of the business
6. facilities and resources
7. cash flow and profits growth
What percentage of family businesses are passed on to the second generation of the family ?
1. one quarter
2. one third
3. a half
4. two thirds
When a business is closed or broken up as a result of unsuccessful attempts to sell or hand it on, this is called
1. liquidation
2. a business auction
3. succession failure
4. discouraged entrepreneurship
In financial markets, IPO stand for
1. Independent Public Offer
2. Initial Public Offering
3. International Policy Official
4. Internal Publicity Office

Chapter 14

Quiz