Reference no: EM132262171
1. Employers should not keep employees' medical records strictly confidential.
a. True
b. False
2. The increasing cultural diversity in the United States is hindering the entrepreneurial effort in the economy.
a. True
b. False
3. People who seldom fail are being creative.
a. True
b. False
4. Creativity is "caught" as much as it is "taught."
a. True
b. False
5. Searching for the one "right" answer is not a barrier to creativity.
a. True
b. False
6. The focus strategy depends on creating value for the customer either by being the low-cost producer or by differentiating the product or service in a unique fashion, but doing it in a narrow target segment.
a. True
b. False
7. The Federal Trade Commission (FTC) enacted the Trade Regulation Rule, requiring all franchisors to disclose detailed information on their operations at the first personal meeting or at least ten days before a franchise contract is signed or any money is paid.
a. True
b. False
8. The buyer of the business wants to minimize the cash up front and avoid enabling the seller to open a competing business.
a. True
b. False
9. For a new owner of an existing business, physical facilities and equipment costs are very similar to what would have been spent on a start-up with all new facilities and equipment.
a. True
b. False