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Many micropreneurs operate home-based businesses in the service industry.

A) True
B) False

Correct Answer

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Successful entrepreneurs accept the risk of failure.

A) True
B) False

Correct Answer

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Bad luck is the most often reported cause for small business failure.

A) True
B) False

Correct Answer

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Entrepreneurship involves accepting the risk of starting and running a business.

A) True
B) False

Correct Answer

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Which of the following best describes the difference between an intrapreneur and an entrepreneur?


A) Intrapreneurs limit their efforts to financial investments,while entrepreneurs are involved in the management of all areas of a business.
B) Intrapreneurs are practical while entrepreneurs are creative.
C) Intrapreneurs start nonprofit organizations while entrepreneurs start profit-seeking businesses.
D) Intrapreneurs work within existing corporations while entrepreneurs assume the risks of starting their own business.

E) A) and B)
F) C) and D)

Correct Answer

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Many business started by entrepreneurs have grown into major corporations employing thousands of workers.

A) True
B) False

Correct Answer

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The Internet provides an important opportunity for entrepreneurs.

A) True
B) False

Correct Answer

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