Intro.Ch. 5 Test Final 24-25

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A business can be classified as a "small business" if it has fewer than ____________________.

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500 employees

Front

When entrepreneurs find new ways to solve old problems they demonstrate their

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creativity

Front

Which would most likely describe a successful entrepreneur? lazy, shy, bossy, self-starter

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self-starter

Front

Another important trait that entrepreneurs should have is

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to take responsibility for their actions

Front

Who would NOT be considered an entrepreneur? A baker who starts her own bakery. A baker who is hired by Sunshine Desserts. A baker who is the teacher at her pastry school.

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A baker who is hired by Sunshine Desserts.

Front

Which is NOT a small business? a babysitting team, an online store for handmade jewelry, Taco Bell chain store, a delivery service consisting of five teens with bikes

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Taco Bell chain store

Front

What is a corporation?

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a business owned by many owners called stockholders

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A sole proprietorship has

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one owner

Front

Which one of these is a partnership? Sam Torres owns a plumbing business., Sanchez Tutoring Center is incorporated with 10 owners., Jose Martinez and Samantha Limon operate an Italian restaurant together.

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Jose Martinez and Samantha Limon operate an Italian restaurant together.

Front

Knowing about business only benefits you as an employee, not as a consumer.

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False