1.Which statement BEST describes why a successful entrepreneur needs to be flexible?

a. Starting a new business often leads to envy in the wider business community.

b. People with whom entrepreneurs work are often opinionated and rigid.

c. Entrepreneurial ventures involve risky situations and unexpected events.

d. Initial business revenues tend to be low and may remain low for several years.

2. If you are planning to start a new business, how long should you realistically expect it to take for your business to earn a profit?

a. six to twelve months

b. one to two years

c. three to five years

d. more than five years

3. Globalization is recognized by all as a force for good in the U.S. economy.

a. false

b. true

4. Almost all businesses are organized the same way, in a vertical, hierarchical structure.

a. false

b. true