ENTREPRENEURSHIP MIDTERM STUDY GUIDE
the small business administration is a state agency that does not help small business owners.
false
An innovation is an invention or creation that is brand new
true
A business plan does not have to be written because the business owner is well aware of the information in the plan.
False
Everyone who owns or manages a business is an entrepreneur
False
The primary reason that businesses started by entrepreneurs close is disagreements with business partners.
False
most small business owners enjoy being apart of the team.
False
A business plan is a written description of the business idea and how it will be carried out
True
An entrepreneur is someone who takes risk in starting a business to earn a profit.
True
Start up financing is the amount of money needed to open the business
True