ENTREPRENEURSHIP

Entrepreneurs create the new products and services that fill the wants and needs of customers.

The number of women, minority, and senior entrepreneurs has grown steadily since 1996.

Sole proprietorships are simple and inexpensive to create.

Which type of company ownership can sell stocks to raise capital?

Which type of company ownership combines the benefits of a partnership and corporation?

Entrepreneurs are NOT gamblers, but do take moderate risk(s).

Which type of company ownership has two or more owners; one which has unlimited liability?

Which type of company ownership has gives the owner total decision-making power?

Which of the following is NOT a characteristic of a successful entrepreneur?

Which type of company ownership has unlimited personal liability for the owner?

Entrepreneurs are born, not made.

Which of the following is NOT as reason to become an entrepreneur?

The process of acquiring and organizing resources to turn an idea into a business is know as

Entrepreneurs should be young and energetic.

A disadvantage of a partnership is that there is potential for personality conflicts.

Which type of company ownership has Double Taxation?

An advantage of a partnership is that money is only taxed once.

Owners of a corporation have unlimited liability.

Entrepreneurs are motivated primarily by money.

Which of the following is NOT an economic impact of entrepreneurs?