Neither partner maintains control of the business

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Reference no: EM132233080

1. In a partnership, it is preferable that each partner has 50% ownership so that neither partner maintains control of the business

a. True

b. False

2. Regulations tend to encourage small firms to hire more workers as their employment approaches the cutoffs set by federal laws.

a. True

b. False

3. Entrepreneurship acts as the ________ of new value creation and innovation in businesses, companies, and a country's economy in general.

a. destroyer

b. reducer

c. engine

d. minimizer

e. regulator

4. Managers neglect planning because:

a. they lack knowledge of how to plan

b. they fear the weaknesses planning may reveal

c. they have little or no time to plan

d. none of the above e. all of the above

5. Choosing the business to enter as a new entrepreneur requires that you concentrate on:

a. What the competition is doing

b. What you would like to do and what you can do

c. What someone else thinks you should do

d. What family members recommend

e. How you can make the most money with any product or service

Reference no: EM132233080

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