Discover Your Entrepreneurial Type
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Questions and Answers

According to the Small Business Administration, what percentage of U.S. businesses are considered small businesses?

  • Exactly 100%
  • Less than 80%
  • Around 90%
  • More than 99% (correct)

    • What is the main characteristic of small businesses as per the text?

  • They typically don’t have any intention of becoming a chain or franchise. (correct)
  • They are usually part of a larger corporation.
  • They always aim to become a chain or franchise.
  • They are primarily focused on international expansion.

    • What is the primary focus of entrepreneurial ventures classified as small businesses?

  • Local service provision (correct)
  • International expansion
  • Online retail
  • Global manufacturing

    • What type of skills does an entrepreneurial mindset involve?

    <p>Identifying opportunities and learning from failures</p> Signup and view all the answers

    What does the text suggest about the importance of an entrepreneurial mindset?

    <p>It is highly sought by future employers and can improve academic results.</p> Signup and view all the answers

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