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1. There are at least ten mistakes that an entrepreneur can avoid to reduce the liklihood of small business failure. Which of the following is not one?
A) Poor financial control and not understanding financial statements
B) Avoiding strategic planning and not writing a solid business plan
C) Strong and sustained marketing efforts
D) Not possessing experience in the business area
2. Which of the following sectors of the U.S. economy contains the smallest and the largest proportion of small businesses, respectively?
A) Manufacturing, Service
B) Construction, Service
C) Finance, Service
D) Service, Wholesale
Beyond substituting for direct management supervision, __________ is often used to simplify jobs.
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