Question

1 - small business and the entrepreneur

learning objective: distinguish between entrepreneurs and small business owners.

what is the most accurate description of a small business owner?

a.) provides capital but has no involvement in the business

b.) devotes much of their time to pitching to investors

c.) oversees the daily operations of a company

d.) inherits a business but has no decision-making power

Explanation:

Define small business owner

A small business owner manages daily operations.

Contrast with entrepreneur

Entrepreneurs focus on growth, innovation, and pitching.

Evaluate option a

This describes a silent investor, not an owner.

Evaluate option b

This describes an entrepreneur seeking venture capital.

Evaluate option c

This correctly defines managing daily business operations.

Answer:

• a.) Provides capital but has no involvement in the business
• b.) Devotes much of their time to pitching to investors
• c.) Oversees the daily operations of a company (Correct answer)
• d.) Inherits a business but has no decision-making power