INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Maurice opened a successful flower shop last year, and now he employs seven full-time workers. Although he is off to a great start, based on industry averages, what are his chances of still being in business five years from now?
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20 percent
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50 percent
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60 percent
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75 percent
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Explanation:
Detailed explanation-1: -The correct option is (d) Mission statement.
Detailed explanation-2: -Although you can choose to run your business as a sole proprietorship, partnership, corporation or limited liability company (LLC), in most cases the LLC will offer the most effective protection for both your personal assets outside the business and your investment in the business itself.
Detailed explanation-3: -A person is assured of becoming a successful entrepreneur once he/she possesses all the character traits common to successful entrepreneurs. A highly committed entrepreneur displays full commitment to the work or endeavor that he/she is undertaking.
There is 1 question to complete.