Entrepreneurship

Almost all entrepreneurs are middle-aged people with prior business experience

• True

• False

Large businesses create more jobs than small businesses

• True

• False

Entrepreneurial opportunities tend to disappear completely during downturns in the economy.

• True

• False

More than half of all new businesses do not survive beyond four years.

• True

• False

Absolutely anyone can be a successful entrepreneur.

• True

• False

People go into business for themselves because

• they want to set their own schedules

• they hope to pursue a personal dream

• they want to work at home but still earn an income

• all of the above

Small firms with less than 500 employees represent about __ % of all businesses in the US

• 25

• 50

• 75

• 99

Which of the following would NOT be considered a desirable characteristic of a good team member

• committed

• cooperative

• confrontational

• creative

One major advantage of being an entrepreneur is that

• entrepreneurs are guaranteed to make large sums of money

• entrepreneurs can choose a business that interests them

• entrepreneurs do not need to work with anyone else

• all of the above are advantages of being an entrepreneur

The FINAL step of the problem-solving model is to

• evaluate the action

• gather information

• take action

• select the best option