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
A disadvantage to joining a family business is that _____.a.more can be achieved by working in a teamb.family relationships may be negatively affectedc.one individual must take on all of the financing responsibilitiesd.there is little trust and loyalty
Location is not important for a business.
Taking over a family business can help to maintain the goodwill of the customers.
In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that person must have _____. a.interpretationb.sight and foresightc.independenced.decision making skills
The expenses involved in going into business, such as buying a space and purchasing equipment, are examples of _____.a.marketing fundsb.start-up costsc.financial plansd.operating expenses
Franchises tend to have better success rates that non-franchised businesses.
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
A proven product, established management systems, and customer goodwill are three advantages of _____.a.joining a family businessb.starting a new businessc.buying a franchised.working from home
If you purchase a franchise, you get to keep all of the profits you make.
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