Chapter 12 Marketing yourself

1. Free enterprise system is another name for capitalism.

• True

• False

2. The United States is a true free enterprise system.

• True

• False

3. Today’s economy is a manufacturing economy.

• True

• False

4. Small businesses represent less than 50% of all employers.

• True

• False

5. Small businesses provide 60–80% of all new jobs.

• True

• False

6. The biggest risks in starting a new business are losing money and compromising job security.

• True

• False

7. Owning a franchise gives an owner more control than developing a new business.

• True

• False

8. A partnership is the oldest and most common type of business.

• True

• False

9. A franchise involves a franchisee, the person or group who buys the franchise, as well as a franchiser, the company whose products will be sold.

• True

• False

10. Business plan templates and samples are available on the Internet.

• True

• False