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Questions and Answers
What is the focus of Chapter 1 of the text?
What is the focus of Chapter 1 of the text?
- Identification of the type of people who are entrepreneurs today
- History of entrepreneurship in the United States
- Impact of entrepreneurial businesses on society worldwide
- Rationale behind starting an entrepreneurial business (correct)
What is the primary reason given for the importance of new businesses in any economy?
What is the primary reason given for the importance of new businesses in any economy?
- Expansion of international trade
- Job creation (correct)
- Boost in government revenue
- Increase in competition
What does the United States Small Business Administration (SBA) provide statistics to prove?
What does the United States Small Business Administration (SBA) provide statistics to prove?
- The impact of international businesses
- The importance of entrepreneurial businesses (correct)
- The challenges faced by entrepreneurs
- The success rate of small businesses
What is the final section of the chapter focused on?
What is the final section of the chapter focused on?
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What is the main objective of the chapter?
What is the main objective of the chapter?
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