Entrepreneurship 1

Employees and entrepreneurs are both affected equally by decisions made on the job.

• True

• False

Which business is an example of a manufacturing business?

• Ford Motor Company

• Great Clips

• Stanley Steamer

• Shell Gas Station

About half of all American businesses employ more than 500 workers.

• True

• False

75% of new businesses last at least 4 years.

• True

• False

Why do many businesses fail?

• Lack of business knowledge

• A good business plan

• Smart partnerships

• Steady source of financing

An entrepreneur needs to have good teamwork skills.

• True

• False

It is common for entrepreneurs to center a business off of a personal interest or hobby.

• True

• False

The most successful entrepreneurial experiences come without planning.

• True

• False

Entrepreneurs are people who work for someone else.

• True

• False

Which is not a reason to become and entrepreneur?

• to set your own schedule

• to pursue a personal dream

• to work at home

• to get rich quick