Intro to business chapter 6 true/false

False

A business plan does not have to written bc the owner is well aware of the info in the plan

False

A business plan includes a description of the strengths and weakness of competitors

True

An entrepreneur is someone who takes a risk by starting his or her own business

True

An independent business with 200 employees is considered a small business

False

Everyone that owns or manages a business is considered to be an entrepreneur

True

It's new business owners obtain start up $ to finance their business from banks

True

One of the main reasons that business start up started by entrepreneurs fail is inadequate capital

False

Small business employ only 10% of U.S workers

False

Start up financing is money needed to pay current operating costs of the business

True

Successful entrepreneurs have many personal characteristics in common