Entrepreneurship Quiz 1-6

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

• True

• False

When an entrepreneur considers whether or not behavior is ethical, both the actions and the result of those actions need to be considered.

• True

• False

A wholesaling business sells products directly to consumers.

• True

• False

One way a business can “go green” is to recycle and work with other green-minded companies.

• True

• False

Though there are more small businesses in the United States than large businesses, the large businesses create the most jobs.

• 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 ten years.

• True

• False

Employees, customers, and creditors are all stakeholders in an entrepreneur’s business.

• True

• False

Absolutely anyone can be a successful entrepreneur.

• True

• False

Ideas are different from opportunities.

• True

• False