The Journal of Business Venturing Reported on the Activities of Entrepreneurs

question 166

Multiple Choice

The Journal of Business Venturing reported on the activities of entrepreneurs during the organization creation process. As part of a designed study, a total of 71 entrepreneurs were interviewed and divided into 3 groups: those that were successful in founding a new firm (n₁ = 34) , those still actively trying to establish a firm (n₂ = 21) , and those who tried to start a new firm but eventually gave up (n₃ = 16) . The total number of activities undertaken (e.g., developed a business plan, sought funding, looked for facilities) by each group over a specified time period during organization creation was measured. The objective is to compare the mean number of activities of the 3 groups of entrepreneurs. Because of concerns over necessary assumption of the parametric analysis, it was decided to use a nonparametric analysis. Identify the nonparametric method that would be used to analyze the data..

• A) Wilcoxon Rank Sums Test
• B) McNemar Test
• C) Kruskal-Wallis Rank Test
• D) One-way ANOVA F test

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Definitions:

Long-term Liabilities

Obligations of a company that are due beyond the current fiscal year or operating cycle.

Inventory Turnover Rate

A measure of how many times a company's inventory is sold and replaced over a specific period.

Selling Office Furniture

The act of disposing or trading office furniture, typically to acquire newer items, manage space, or liquidate assets.

Industry Averages

Statistical metrics that represent the average performance of companies within a particular industry, useful for benchmarking.