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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Which of the following statements is true about entrepreneurship and small business growth:
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Trade regulations have very little effect on small-business growth
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Many people start entrepreneurial ventures during times of economic recession.
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Small business start-ups are taxed at a higher rate than multinational companies
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Consumer spending is a primary factor that influences entrepreneurial success.
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Explanation:
Detailed explanation-1: -Answer and Explanation: The entrepreneur generally is the founder of a business who has the primary responsibility of operating the business. The entrepreneur generally invests time and money in business.
Detailed explanation-2: -The correct answer is B. An entrepreneur is defined as an individual who creates and funds a new business and continues to bear the risks incurred during the business operations while enjoying the rewards.
Detailed explanation-3: -Answer» C. Entrepreneurship takes place in a wide variety of contexts.
There is 1 question to complete.