TRUEMFALSE. write T trthe statement istrue and F ifthe statement is false. A small business is often

TRUEMFALSE. write T trthe statement istrue and F ifthe statement is false. A small business is often defined as having fewer than 100 employees, as well as being independently owned and operated. observers say that in contemplating one’s business, one must start with a great idea. MULTIPLE CHoICE. Choose the one alternative that best completes the statement or answers the Theh pursuit of Iucrative opportunities by enterprising individuals under conditions of uncertainty is known as: A) entrepreneurship. B) bootlegging. C) sugging. D) skunkworks. E) incubation. are new venture creators working inside big companies, they are corporate entrepreneurs, using their company’s resources to build a profitable line of business based on a fresh new idea. A) Sole proprietors B) Management novices C) Licensees D) Entrepreneurs E) Intrapreneurs

Expert Answer

1. false- a small business firm do not need 100 workers

2. true

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3. option A is the right answer. executing the opportunities with all possible risk is called entrepreneurship.

4. option 4 is correct. intrapreneure is an internal person to an organization and works for better results to the organization. he starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as an intraprenuere.

6. option C is correct

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