6)

analysis. __________ research uses data that has been collected previously.

Select one:

a.

Primary, Secondary

b.

Secondary, Primary

c.

Direct, Indirect

d.

Indirect, Direct

7)

Small businesses have a positive effect on the local community because they:

Select one:

a.

reduce competition

b.

charge interest

c.

limit job growth

d.

pay taxes

13)

Entrepreneurship is:

Select one:

a.

An organization operated with the objective of making a profit from the sale of goods or services.

b.

An enterprise, commercial entity, or firm in either the private or public sector, concerned with providing products (goods or services) to satisfy customer requirements.

c.

The process of identifying business opportunities, allocating resources, and taking risks to produce goods and services of value, through creative and innovative processes, to satisfy unmet consumer demands.

d.

An economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth.