Q1: true , false question :

1. Risk : Readiness and ability in initiating action.
2. Entrepreneurs Success depends on positive cash flow, growth, and value creation.
3. Whether you think you can, or that you cant, you are usually right. Thomas Edison
4. Advantages of a Small Business :less Opportunity to get rich through stock options
5. Entrepreneurs tend to have had self employed parents who tend to support and encourage independence, achievement, and responsibility.
6. Entrepreneurs often seek dependent from others.
7. Success has a high price, and entrepreneurs have to be willing to sacrifice certain things.
8. Aligns your personal interests and hobbies with your desire to make a profit
9. Entrepreneurs often find that as their business grows, they feel more pressure to use informal methods to lead their organizations
10. From domestic to worldwide expansion, globalization can be extremely rewarding for entrepreneurs.
11. Corridor Principle- : A person who founds and operates multiple companies during one career.
12. Success has a high price, and entrepreneurs have to be willing to sacrifice certain things
13. Survival = Develop out of a lack of attention on the operational issues within the business.
14. An economic system includes a set of laws, institutions, and activities that guide economic decision making
15. Economics :the study of how people allocate scarce resources to fulfill their limited wants
16. Perfect competition is a market structure in which there are numerous buyers and sellers and no single buyer or seller can affect price
17. Business Incubators : Encourage entrepreneurship in specific geographic areas
18. Starting a business gives the founder some choice over when, where, and how to work.
19. Scarcity the difference between demand and supply; limited resources
20. factors of production the resources businesses use to produce the goods and services that producer want