CAREER PLANNING CHAPTER 4 ENTREPRENEURSHIP

Decide whether the given statement is Advantage or Disadvantage of Entrepreneurship.

STATEMENT: Success is not guaranteed. Almost half of new business fail with their first four years.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Entrepreneurship.

STATEMENT: You are in charge. Entrepreneurs decide when and how to work and how their businesses will operate.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Entrepreneurship.

STATEMENT: It involves financial risk. You can lose your investment and sometimes more.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Entrepreneurship.

STATEMENT: Entrepreneurs often work long hours.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Buying an Existing Business.

STATEMENT: The location may be poor.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Buying an Existing Business.

STATEMENT: You may be able to purchase the existing office furniture or equipment.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Buying a Franchise.

STATEMENT: You must follow the parent company's guidelines.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Buying a Franchise.

STATEMENT: You acquire a recognized product name.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Joining a Family Business.

STATEMENT: Your relatives might help you finance the business.

• ADVANTAGE

• DISADVANTAGE

Decide whether the given statement is Advantage or Disadvantage of Joining a Family Business.

STATEMENT: Some families work well together; others do not.

• ADVANTAGE

• DISADVANTAGE