Entrepreneurship, True and False Only

Small firms with fewer than 500 employees represent about 25 percent of all businesses in the United States today.

• True

• False

Small businesses contribute billions of dollars to the U.S. economy every year.

• True

• False

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

• True

• False

Entrepreneurs are vital in helping the market respond to changing prices and consumer preferences.

• False

• True

An inventor creates an idea for a new product or service and turns it into a business.

• True

• False

Obstacles in entrepreneurship can include financial barriers, time management, and self-doubt.

• True

• False

Enthusiastic entrepreneur s can see problems as opportunities.

• True

• False

An employee works in a business owned by someone else.

• True

• False

More than half of all the businesses started in the U.S each year fail.

• True

• False

Making money is the major reward of being an entrepreneur.

• True

• False