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True or False The primary motive of an enterprise is to make a profit. A skunkworks is a group of people who split off from a company to use its proprietary technology and trade secrets for starting their own enterprise. More entrepreneurs are driven by opportunity than necessity. A small business that requires little investment to become operational is called an ultralight startup. After working hard and facing enormous risks, many entrepreneurs sell their business to realize a substantial profit. A service corps consists of individuals and companies in a specific business or industry organized to promote common interests. A business model defines the need a proposed business will fill as well as its operations, components, functions, and expected revenues and expenses. The Small Business Administration offers a variety of direct loans to help new businesses get started. A venture capitalist receives an ownership stake in a new business in return for its investment. Tax credits are a key tool that governments use to encourage business development in enterprise zones. The term going public refers to the launch of a company’s website. Big businesses are more likely to fail than small businesses. Small businesses can fail due to problems with economies of scale. The incoming and outgoing of money in a business enterprise is called total balance of payments.

True or False
The primary motive of an enterprise is to make a profit.

A skunkworks is a group of people who split off from a company to use its proprietary technology and trade secrets for starting their own enterprise.

More entrepreneurs are driven by opportunity than necessity.

A small business that requires little investment to become operational is called an ultralight startup.

After working hard and facing enormous risks, many entrepreneurs sell their business to realize a substantial profit.

A service corps consists of individuals and companies in a specific business or industry organized to promote common interests.

A business model defines the need a proposed business will fill as well as its operations, components, functions, and expected revenues and expenses.

The Small Business Administration offers a variety of direct loans to help new businesses get started.

A venture capitalist receives an ownership stake in a new business in return for its investment.

Tax credits are a key tool that governments use to encourage business development in enterprise zones.

The term going public refers to the launch of a company's website.

Big businesses are more likely to fail than small businesses.

Small businesses can fail due to problems with economies of scale.

The incoming and outgoing of money in a business enterprise is called total balance of payments.

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