Small Bus 115. Ch 1, 3 – 5 with correct answers 100% 2026

Small Bus 115. Ch 1, 3 – 5 with correct answers 100% 2026 an entrepreneur is one who: - Correct Answer Creates a new business in the face of a risk and uncertainty for the purpose of achieving profit and growth by identifying significant opportunities and assembling the necessary redources to capitalize on them. All of the following characteristics of the typical entrepreneur EXCEPT: - Correct Answer Value Of money over achievement Entrepreneurs who repeatedly start businesses and grow to a sustainable size before striking out again are known as _________ entrepreneurs. - Correct Answer Serial entrepreneurs It is estimated that _34_ percent of new businesses fail within two years, while ______ percent fail within four years. - Correct Answer 54% Woman own an estimate ________ percent of all privately-held U.S. businesses. - Correct Answer 31.1 "Copreneurs" represent one of the fastest growing business sectors and are defined as: - Correct Answer Entrepreneurial couples who work together as co-owners of their businesses. According to the US Small Business Administration, a common delineation of a small business is one that employed fewer than: - Correct Answer 100 people The primary cause of small business failure is: - Correct Answer Answer is A Family businesses account for ______ % of all small businesses - Correct Answer 90% Entrepreneurs can increase their chances for success if they: - Correct Answer D all above Common sense 1 Know their business in depth 2 build a viable business model 3 Use lean start up principles 4 Know went to pivot 5 Develop a solid business plan and test it 6 manage financial resources 7 understand financial statements 8 build the right team 9 learn to manage people efficiently 10 set your business apart from competition 11 maintain a positive attitude The largest percentage of small businesses are in the _________ sector. - Correct Answer Services