INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -One survey from New York Enterprise Report found that small business owners work twice as much as regular employees. It also found that 33% of small business owners reported working more than 50 hours per week, and 25% said they work more than 60 hours a week.
Detailed explanation-2: -It is not only about the hours spent working on expanding the business, but small business owners also work under more pressure. Even if they have hired regular employees, they still work twice as much as they feel that those employees’ livelihoods depend on them.
Detailed explanation-3: -Answer and Explanation: The correct answer is False. An entrepreneur creates a business concept, gathers the required physical and human resources to launch a new enterprise, operationalizes it, and is ultimately accountable for the progress.
Detailed explanation-4: -33% of small business owners (SBOs) work at least 50 hours per week. An additional 25% of entrepreneurs log more than 60 hours per week. 70% of small business owners work at least one weekend on a regular basis. 03-Jan-2023