A person who organizes a business and then runs it is called a(n) _____.a.entrepreneurb.financial plannerc.franchiserd.stockholder
Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____. a. buy-out plan b. income statement c. partnership agreement d. financial plan Please select the best answer from the choices provided
Entrepreneurs are self-motivated and recognize opportunities around them.
The advantages of being an entrepreneur are _____.a.excitement, independence, and financial riskb.flexibility, independence, and salary potentialc.short working hours, independence, and financial riskd.administration, short working hours, and excitement
An entrepreneur’s life has few challenges, few risks, and minimal rewards.
Taking over a family business can help to maintain the goodwill of the customers.
In order for a teen to have a successful business, they must to do all of the following EXCEPT _____.a.be prepared to work long hoursb.make a profit with the businessc.ignore customer satisfaction d.be able to promote the business
Buying a franchise might be a good decision for someone who _____.a.wants to create a new product or serviceb.doesn’t want to work long hoursc.doesn’t have experience developing management systemsd.likes to work alone without many rules and regulations
Buying an existing business _____.a.is beneficial because an established business always has a good reputationb.is not recommended because there are too many disadvantagesc.allows the owner to build upon the goodwill of previous customersd.is a high risk because successful businesses are usually not sold
If you purchase a franchise, you get to keep all of the profits you make.
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