BUS101 Chapter 5

The Service sector of the economy accounts for what percent of jobs in the U.S.?

Which of the following franchises is the fastest growing?

Who are individuals who use entrepreneurship to address social problems?

Trading their own products for the goods and services offered by other businesses is called:

Which is NOT a Legal Form of business ownership?

What is the process of creating and managing a business to achieve a desired objective?

Which is false regarding a small business?

Microentrepreneurs are individuals who use entrepreneurship to address social problems

All of the following are advantages of Franchises EXCEPT for...

What is one of the reasons people start their own businesses?

Half of all new businesses fall with the first ___?

Millennials represent 24% of Americans

Which is an advantage when owning a small business?

Which of the following does NOT attract small businesses?

The Small Business Administration offers managerial and financial assistance to small businesses

The lack of funds needed to operate a business in a normal manner is known as ___?

What kind of entrepreneur only hires up to 5 employees?