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Test Bank for Entrepreneurial Finance, 7th Edition True / False 1. It is estimated that more than one million new businesses are started in the United States each year. a. True b. False ANSWER: True 2. Reasonable estimates place nonemployer (e.g., single person or small family) businesses started each year at less than 100,000. a. True b. False ANSWER: False 3. The entrepreneurial process involves: developing opportunities, gathering resources, and managing and building operations, a...

This document about Entrepreneurship and Small Business Management EBC introduces non-business students to the multiple facets of entrepreneurship and the entrepreneurial process. Entrepreneurship is a process of fundamental transformation: from innovative idea to enterprise and from enterprise to valuethus, entrepreneurship is more than a business practice. Innovation is central to this process and students will be challenged to develop creative solutions to a problem or need. Arguments cove...