,TESTBANK FOR Essentials of Entrepreneurship and
Small Business Management, 10th edition Norman
M Scarborough
Notes
1- The file is chapter after chapter.
2- We have shown you few pages sample.
3- The file contains all Appendix and Excel sheet
if it exists.
4- We have all what you need, we make update
at every time. There are many new editions
waiting you.
5- If you think you purchased the wrong file You
can contact us at every time, we can replace it
with true one.
Our email:
,Essentials of Entrepreneurship and Small Business Management, 10e (Scarborough)
Chapter 1 The Foundations of Entrepreneurship
1) Globally, how does the United States compare with other countries in terms of entrepreneurial
activity?
A) They lag behind other high-income economies at just 10.8 percent of new startups.
B) They have fewer, but more successful startups.
C) They are well above the global average of 12.9 percent.
D) They received more backing and resources from the government.
Answer: C
Diff: 1
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Reflective Thinking
2) According to the Kauffman Foundation, about how many entrepreneurs in the United States
start businesses of their own because they cannot find jobs elsewhere?
A) 7 percent
B) 19 percent
C) 32 percent
D) 43 percent
Answer: B
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Reflective Thinking
3) How has the downsizing trend among large companies impacted business in the United
States?
A) The rate of technological advancement has slowed.
B) Large firms take advantage of their hierarchical structure to exploit new markets.
C) Large firms have better technology that leads to competitive advantage.
D) Small, nimble competitors are better able to exploit niche markets.
Answer: D
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Analytical Thinking
1
Copyright © 2026 Pearson Education, Inc.
,4) Today, what matters most in the economic structure influencing the United States?
A) The growth of small businesses
B) Long-term profitability
C) Factors of production
D) Knowledge and information
Answer: D
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Analytical Thinking
5) The gig economy makes up 58 percent of the U.S. workforce.
Answer: FALSE
Diff: 1
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Application of Knowledge
6) One study conducted by the Global Entrepreneurship Monitor (GEM) reports that nearly one
in five people in the United States is working to start a business.
Answer: TRUE
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Application of Knowledge
7) According to Gallup's Builder Profile assessment, how do successful entrepreneurs manage
risk?
A) They understand that the nature of entrepreneurship is based on risk.
B) They will take risks only to increase their probability of success.
C) They are willing to take higher risks for higher rewards.
D) They systematically work to eliminate it.
Answer: D
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Application of Knowledge
2
Copyright © 2026 Pearson Education, Inc.
,8) Which of the following best defines an entrepreneur?
A) One who is willing to implement a business concept and then move on if it does not meet
immediate expectations.
B) One who understands the process of developing an idea and hires small companies to turn that
idea into a viable business concept.
C) One who knows that the concept they are about to develop will result in a profitable business.
D) One who creates a new business in the face of risk and uncertainty by assembling the
necessary resources to capitalize on identified opportunities.
Answer: D
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Analytical Thinking
9) Which of following is not a characteristic of the typical entrepreneur?
A) Confidence in their ability to succeed
B) Value of money over achievement
C) Desire for immediate feedback
D) A future orientation
Answer: B
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
10) How does the churn rate of new ventures impact the economy?
A) Large companies will continue to have an economic competitive edge.
B) It leads to lower levels of new business formation.
C) Standards of living decline when businesses fail.
D) It creates a healthy response to the competitive landscape.
Answer: D
Diff: 3
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Analytical Thinking
11) Entrepreneurs who repeatedly start businesses and grow to a sustainable size before striking
out again are known as which type of entrepreneur?
A) Opportunistic
B) Persistent
C) Serial
D) Classic
Answer: C
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
3
Copyright © 2026 Pearson Education, Inc.
,12) Which of the following is typically true of an entrepreneur?
A) They have the ability to easily access capital.
B) They have unique skills that are supported by advanced degrees in their area of specialty.
C) They have a tolerance for ambiguity and are flexible and tenacious.
D) They have specialized technical abilities.
Answer: C
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
13) Who among the following start businesses because they cannot find work any other way?
A) Necessity entrepreneurs
B) Serial entrepreneurs
C) Opportunity entrepreneurs
D) Intrapreneurs
Answer: A
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Application of Knowledge
14) Research has isolated a set of characteristics that can predict who will succeed as an
entrepreneur.
Answer: FALSE
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Diverse and Multicultural Work Environments
15) Serial entrepreneurs repeatedly start businesses and grow them to a sustainable size before
striking out again.
Answer: TRUE
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Analytical Thinking
16) Diversity seems to be a central characteristic of entrepreneurs.
Answer: TRUE
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
4
Copyright © 2026 Pearson Education, Inc.
,17) Give a brief profile of a typical entrepreneur and the traits that are typical of most
entrepreneurs.
Answer: An entrepreneur is someone who creates a new business in the face of risk and
uncertainty for the purpose of achieving profit and growth by identifying opportunities and
assembling the necessary resources to capitalize on them.
While entrepreneurs tend to exhibit no isolated set of required traits, an entrepreneurial profile
contains the following characteristics:
• Desire for responsibility
• Preference for moderate risk
• Willingness to break the rules
• Self-reliance
• Confidence in their ability to succeed
• Determination
• Desire for immediate feedback
• High level of energy
• Competitiveness
• Future orientation
• Skill at organizing
• Value of achievement over money
Diff: 3
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Application of Knowledge
18) In addition to the opportunity to create their own destiny and enjoy what they do, why else
would an entrepreneur start a new venture?
A) To earn wealth without risk and uncertainty
B) To make a difference in an area important to them
C) To capitalize on new technology tools
D) To exploit the opportunities that the free enterprise system offers
Answer: B
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
19) Which type of entrepreneurs are business builders who seek innovative solutions to some of
society's most vexing problems?
A) Social
B) Opportunistic
C) Serial
D) Necessity
Answer: A
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
5
Copyright © 2026 Pearson Education, Inc.
,20) Which of the following include the economic, social, and environmental objectives of an
entrepreneurial venture?
A) Exploiting niche markets
B) Technological advantage
C) Competitive advantage
D) The triple bottom line
Answer: D
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
21) Why do entrepreneurs value the independence and opportunity that comes with owning their
own business?
A) It allows them to protect their investments and income stream.
B) It allows them to gain acceptance as a trusted member of society.
C) It allows them to help others reach their full potential.
D) It allows them to create their own destiny.
Answer: D
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
22) How do entrepreneurs create value?
A) By launching new businesses that replace failing businesses
B) By adding economic wealth to the country through technological advancement
C) By creating hierarchies that support their goals
D) By making use of experiences, skills, abilities, and ideas
Answer: D
Diff: 3
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
23) Surveys show that small business owners believe that, as entrepreneurs, they work harder,
earn more money, and are happier than if they worked for a large company.
Answer: TRUE
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
24) Social entrepreneurs use their skills to create profitable businesses and also to achieve
economic, social and environmental goals for the common good.
Answer: TRUE
Diff: 1
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Ethical Understanding and Reasoning
6
Copyright © 2026 Pearson Education, Inc.
,25) Entrepreneurs choose to enter their particular business fields because they have an interest in
them and enjoy those lines of work. They have often made their hobbies their business.
Answer: TRUE
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
26) There is concern over the future of entrepreneurship because so few high school and college
students want to start their own companies.
Answer: FALSE
Diff: 1
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
27) Identify the potential benefits of entrepreneurship.
Answer: Entrepreneurs benefit by controlling their own destiny, enjoying an opportunity to
make a difference, reaching their own potential, making a difference, reaping impressive profits,
contributing to society, and enjoying what they are doing. Potential drawbacks include the
uncertainty of income, risk of losing their entire investment, long hours and hard work, a
somewhat lower quality of life until the business gets started, high levels of stress, and absolute
responsibility.
Diff: 3
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
28) Which of the following can be expected by entrepreneurs?
A) Risk, long hours, and high stress
B) Uncertainty of income, risk, and fewer hours on the job
C) Uncertainty of income, long hours, and the rapid accumulation of wealth
D) Stable income, long hours, and high stress
Answer: A
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
29) According to the Bureau of Labor Statistics, which percentage of new businesses fail within
five years?
A) 46
B) 64
C) 27
D) 31
Answer: A
Diff: 3
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Analytical Thinking
7
Copyright © 2026 Pearson Education, Inc.
, 30) According to the Global Entrepreneurship Monitor, what prevents about 43 percent of adults
from starting a new business?
A) Long hours
B) Lack of financing
C) Fear of failure
D) Need for steady income
Answer: C
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Analytical Thinking
31) According to surveys, which percent of business owners work more than 60 hours per week?
A) 10 percent
B) 25 percent
C) 55 percent
D) 70 percent
Answer: B
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Application of Knowledge
32) To be successful, most entrepreneurs hire advisors to make decisions about areas of the
company that the entrepreneur is not knowledgeable about.
Answer: FALSE
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
33) Most entrepreneurs are so happy with their work they plan to never fully retire from it.
Answer: TRUE
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
34) One advantage of being your own boss and owning a small business is that work hours are
very flexible.
Answer: FALSE
Diff: 1
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
8
Copyright © 2026 Pearson Education, Inc.
Small Business Management, 10th edition Norman
M Scarborough
Notes
1- The file is chapter after chapter.
2- We have shown you few pages sample.
3- The file contains all Appendix and Excel sheet
if it exists.
4- We have all what you need, we make update
at every time. There are many new editions
waiting you.
5- If you think you purchased the wrong file You
can contact us at every time, we can replace it
with true one.
Our email:
,Essentials of Entrepreneurship and Small Business Management, 10e (Scarborough)
Chapter 1 The Foundations of Entrepreneurship
1) Globally, how does the United States compare with other countries in terms of entrepreneurial
activity?
A) They lag behind other high-income economies at just 10.8 percent of new startups.
B) They have fewer, but more successful startups.
C) They are well above the global average of 12.9 percent.
D) They received more backing and resources from the government.
Answer: C
Diff: 1
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Reflective Thinking
2) According to the Kauffman Foundation, about how many entrepreneurs in the United States
start businesses of their own because they cannot find jobs elsewhere?
A) 7 percent
B) 19 percent
C) 32 percent
D) 43 percent
Answer: B
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Reflective Thinking
3) How has the downsizing trend among large companies impacted business in the United
States?
A) The rate of technological advancement has slowed.
B) Large firms take advantage of their hierarchical structure to exploit new markets.
C) Large firms have better technology that leads to competitive advantage.
D) Small, nimble competitors are better able to exploit niche markets.
Answer: D
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Analytical Thinking
1
Copyright © 2026 Pearson Education, Inc.
,4) Today, what matters most in the economic structure influencing the United States?
A) The growth of small businesses
B) Long-term profitability
C) Factors of production
D) Knowledge and information
Answer: D
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Analytical Thinking
5) The gig economy makes up 58 percent of the U.S. workforce.
Answer: FALSE
Diff: 1
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Application of Knowledge
6) One study conducted by the Global Entrepreneurship Monitor (GEM) reports that nearly one
in five people in the United States is working to start a business.
Answer: TRUE
Diff: 2
Learning Obj.: 1.1 Define the role of the entrepreneur in business in the United States and
around the world.
AACSB: Application of Knowledge
7) According to Gallup's Builder Profile assessment, how do successful entrepreneurs manage
risk?
A) They understand that the nature of entrepreneurship is based on risk.
B) They will take risks only to increase their probability of success.
C) They are willing to take higher risks for higher rewards.
D) They systematically work to eliminate it.
Answer: D
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Application of Knowledge
2
Copyright © 2026 Pearson Education, Inc.
,8) Which of the following best defines an entrepreneur?
A) One who is willing to implement a business concept and then move on if it does not meet
immediate expectations.
B) One who understands the process of developing an idea and hires small companies to turn that
idea into a viable business concept.
C) One who knows that the concept they are about to develop will result in a profitable business.
D) One who creates a new business in the face of risk and uncertainty by assembling the
necessary resources to capitalize on identified opportunities.
Answer: D
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Analytical Thinking
9) Which of following is not a characteristic of the typical entrepreneur?
A) Confidence in their ability to succeed
B) Value of money over achievement
C) Desire for immediate feedback
D) A future orientation
Answer: B
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
10) How does the churn rate of new ventures impact the economy?
A) Large companies will continue to have an economic competitive edge.
B) It leads to lower levels of new business formation.
C) Standards of living decline when businesses fail.
D) It creates a healthy response to the competitive landscape.
Answer: D
Diff: 3
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Analytical Thinking
11) Entrepreneurs who repeatedly start businesses and grow to a sustainable size before striking
out again are known as which type of entrepreneur?
A) Opportunistic
B) Persistent
C) Serial
D) Classic
Answer: C
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
3
Copyright © 2026 Pearson Education, Inc.
,12) Which of the following is typically true of an entrepreneur?
A) They have the ability to easily access capital.
B) They have unique skills that are supported by advanced degrees in their area of specialty.
C) They have a tolerance for ambiguity and are flexible and tenacious.
D) They have specialized technical abilities.
Answer: C
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
13) Who among the following start businesses because they cannot find work any other way?
A) Necessity entrepreneurs
B) Serial entrepreneurs
C) Opportunity entrepreneurs
D) Intrapreneurs
Answer: A
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Application of Knowledge
14) Research has isolated a set of characteristics that can predict who will succeed as an
entrepreneur.
Answer: FALSE
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Diverse and Multicultural Work Environments
15) Serial entrepreneurs repeatedly start businesses and grow them to a sustainable size before
striking out again.
Answer: TRUE
Diff: 1
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Analytical Thinking
16) Diversity seems to be a central characteristic of entrepreneurs.
Answer: TRUE
Diff: 2
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Reflective Thinking
4
Copyright © 2026 Pearson Education, Inc.
,17) Give a brief profile of a typical entrepreneur and the traits that are typical of most
entrepreneurs.
Answer: An entrepreneur is someone who creates a new business in the face of risk and
uncertainty for the purpose of achieving profit and growth by identifying opportunities and
assembling the necessary resources to capitalize on them.
While entrepreneurs tend to exhibit no isolated set of required traits, an entrepreneurial profile
contains the following characteristics:
• Desire for responsibility
• Preference for moderate risk
• Willingness to break the rules
• Self-reliance
• Confidence in their ability to succeed
• Determination
• Desire for immediate feedback
• High level of energy
• Competitiveness
• Future orientation
• Skill at organizing
• Value of achievement over money
Diff: 3
Learning Obj.: 1.2 Describe the entrepreneurial profile.
AACSB: Application of Knowledge
18) In addition to the opportunity to create their own destiny and enjoy what they do, why else
would an entrepreneur start a new venture?
A) To earn wealth without risk and uncertainty
B) To make a difference in an area important to them
C) To capitalize on new technology tools
D) To exploit the opportunities that the free enterprise system offers
Answer: B
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
19) Which type of entrepreneurs are business builders who seek innovative solutions to some of
society's most vexing problems?
A) Social
B) Opportunistic
C) Serial
D) Necessity
Answer: A
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
5
Copyright © 2026 Pearson Education, Inc.
,20) Which of the following include the economic, social, and environmental objectives of an
entrepreneurial venture?
A) Exploiting niche markets
B) Technological advantage
C) Competitive advantage
D) The triple bottom line
Answer: D
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
21) Why do entrepreneurs value the independence and opportunity that comes with owning their
own business?
A) It allows them to protect their investments and income stream.
B) It allows them to gain acceptance as a trusted member of society.
C) It allows them to help others reach their full potential.
D) It allows them to create their own destiny.
Answer: D
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
22) How do entrepreneurs create value?
A) By launching new businesses that replace failing businesses
B) By adding economic wealth to the country through technological advancement
C) By creating hierarchies that support their goals
D) By making use of experiences, skills, abilities, and ideas
Answer: D
Diff: 3
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Application of Knowledge
23) Surveys show that small business owners believe that, as entrepreneurs, they work harder,
earn more money, and are happier than if they worked for a large company.
Answer: TRUE
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
24) Social entrepreneurs use their skills to create profitable businesses and also to achieve
economic, social and environmental goals for the common good.
Answer: TRUE
Diff: 1
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Ethical Understanding and Reasoning
6
Copyright © 2026 Pearson Education, Inc.
,25) Entrepreneurs choose to enter their particular business fields because they have an interest in
them and enjoy those lines of work. They have often made their hobbies their business.
Answer: TRUE
Diff: 2
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
26) There is concern over the future of entrepreneurship because so few high school and college
students want to start their own companies.
Answer: FALSE
Diff: 1
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
27) Identify the potential benefits of entrepreneurship.
Answer: Entrepreneurs benefit by controlling their own destiny, enjoying an opportunity to
make a difference, reaching their own potential, making a difference, reaping impressive profits,
contributing to society, and enjoying what they are doing. Potential drawbacks include the
uncertainty of income, risk of losing their entire investment, long hours and hard work, a
somewhat lower quality of life until the business gets started, high levels of stress, and absolute
responsibility.
Diff: 3
Learning Obj.: 1.3 Describe the benefits of entrepreneurship.
AACSB: Reflective Thinking
28) Which of the following can be expected by entrepreneurs?
A) Risk, long hours, and high stress
B) Uncertainty of income, risk, and fewer hours on the job
C) Uncertainty of income, long hours, and the rapid accumulation of wealth
D) Stable income, long hours, and high stress
Answer: A
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
29) According to the Bureau of Labor Statistics, which percentage of new businesses fail within
five years?
A) 46
B) 64
C) 27
D) 31
Answer: A
Diff: 3
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Analytical Thinking
7
Copyright © 2026 Pearson Education, Inc.
, 30) According to the Global Entrepreneurship Monitor, what prevents about 43 percent of adults
from starting a new business?
A) Long hours
B) Lack of financing
C) Fear of failure
D) Need for steady income
Answer: C
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Analytical Thinking
31) According to surveys, which percent of business owners work more than 60 hours per week?
A) 10 percent
B) 25 percent
C) 55 percent
D) 70 percent
Answer: B
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Application of Knowledge
32) To be successful, most entrepreneurs hire advisors to make decisions about areas of the
company that the entrepreneur is not knowledgeable about.
Answer: FALSE
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
33) Most entrepreneurs are so happy with their work they plan to never fully retire from it.
Answer: TRUE
Diff: 2
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
34) One advantage of being your own boss and owning a small business is that work hours are
very flexible.
Answer: FALSE
Diff: 1
Learning Obj.: 1.4 Describe the drawbacks of entrepreneurship.
AACSB: Reflective Thinking
8
Copyright © 2026 Pearson Education, Inc.
