business chapter 6 (true and false)

what % of new businesses run their own businesses with no help

40%

the small business administration considers a business small if it employees fewer than ___ employees

500

everyone who manage or owns a business is an entrepreneur

true

as an entreprenuer having skills and abilities and coming up with innovative ideas is not necessary or important

false

the primary reason that businesses started by entrepreneurs close is disagreements with business partners

false

according to the national federation of independent businesses; only about ___ of new business start-ups are profitable.

1/3

a competitive advantage that small businesses have over larger businesses is

attention to unique customer needs

which of the following is not one of the reasons small businesses fail

d) not enough employees to do the work

apples personal computer developed by Steve Job and Steve Wozniak is a(n)

innovation

when fred smith envisioned an economical worldwide system for quickly and efficiently shipping pages, we would call this an

innovation

when arthur fry and spencer silver created post-it notes theyc

invented

according to the national federation of independent businesses; well over 50% of all new businesses are discontinued after the first year

true

entrepreneurship is a key part of the US economy

true

having a real desire to be your own boss is a key factor to becommg an entrepreneur

true

small businesses account for creating between 60-80% of all new jobs and employ nearly 50% of all US workers.

true