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Pricing Schools Business

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Entrepreneurship and Employment Quiz

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Questions and Answers

What characterizes a pop-up business from any other?

Its permanent location

Its temporary nature (correct)

Its extensive product range

Its full-time operation

What defines hybrid entrepreneurship?

Initiating a business while remaining employed (correct)

Working full-time for a single employer

Transitioning from part-time to full-time employment

Operating multiple businesses simultaneously

How is part-time employment defined?

Working more than 35 hours a week

Working only on weekends

Working irregular hours each week

Working 35 or fewer hours a week (correct)

What characterizes episodic businesses?

Temporary, project-based, or sporadically operating (C) Signup and view all the answers

What is the defining feature of part-time businesses?

Owner participates fewer than 35 hours per week or operates on a temporary or seasonal basis while maintaining employment elsewhere for wages or salary. (B) Signup and view all the answers

What is the cost to start up a new part-time business?

The amount of money it takes to start a new business (B) Signup and view all the answers

What does 'permanence' refer to in the context of part-time entrepreneurship?

The impression of long-term continuity a business gives others (D) Signup and view all the answers

What does 'time to start up' refer to in part-time entrepreneurship?

How long it takes to start a new business (D) Signup and view all the answers

What are the key considerations for part-time small business start-ups?

Cost, time, and permanence of the business (C) Signup and view all the answers

In which industries can one start a part-time small business according to the text?

Retailing, wholesaling, most services, and even manufacturing (A) Signup and view all the answers