1.________ is a form of protection provided to the authors of "original works of authorship," including literary, dramatic, musical, artistic, and certain other intellectual works.

a.

Copyright

b.

Patent

c.

Trademark

d.

Licensing agreement

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1.Owning your own small business has this as the biggest advantage:

a.

The freedom to set your own work schedule.

b.

The size of your bank account.

c.

the freedom to choose your business's purpose and goals.

d.

The freedom to choose the business location.

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1.99% of all U.S. business is made up of:

a.

Multinational corporations.

b.

Not-For-Profit enterprises.

c.

Mom and Pop shops.

d.

Small business.

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1.A business classified as a Small Business is based on the "size standard" which:

a.

Is based on the size of the initial public offering (IPO).

b.

is based on the number of locations the business occupies.

c.

is based on either number of employees or annual revenue based on the industry.

d.

Is based on the number of affiliates and subsidiaries of the business.

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1.Some small business ventures fail for the following reasons:

a.

Inability to raise funds, lack of or insufficient market demand, inability to manage growth, and insufficient management experience or product/services expertise.

b.

Inability to execute on the business concept, lack of or insufficient market demand, inability to manage growth, and insufficient management experience or product/services expertise.

c.

Inability to execute on the business concept, lack of or insufficient market demand, inability to manage growth, and lack of marketing savvy.

d.

Inability to execute on the business concept, incorrect market segmentation, inability to manage growth, and insufficient management experience or product/services expertise.

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1.Creativity, vision, and ________ are the elements without which there is not entrepreneurial venture according to the author.

a.

an ability to identify opportunities.

b.

multiple investors.

c.

Self-promotion.

d.

an MBA.