I.Write True if the statement is true, otherwise, False and state the reason

1. An entrepreneur perceives entrepreneurship as the mere opening and managing of a small business.

2. Knowing all the entrepreneurial concepts will assure a person of becoming a successful entrepreneur.

3. All business people are entrepreneurs.

4. Most owners of ordinary small businesses open their businesses because of the profitability aspect of the business.

5. The Keynesian theory of entrepreneurship was highly influenced by the economic boom.

6. An entrepreneur is prepared for assuming losses that may arise on account of new ideas.

7. Alfred Marshal, in his theory states that innovation is the force the propel revolutionary change.

8. Entrepreneurship results in the creation of organizations.

9. Entrepreneurs' motive in opening a business is gaining a profit.

10. Entrepreneurship discourages competition in all forms.