37. A Virginia corporation doing business in Maryland is referred to as a foreign corporation.

TRUE FALSE

38. A sole proprietor pays a special tax on business profits to the federal government.

TRUE FALSE

41. The profits of a sole proprietorship are taxes as the personal income of the owner.

TRUE FALSE

42. Sole proprietorships are attractive for people who want to invest but who do not personally want to operate a company.

TRUE FALSE

43. An intrapreneur is someone who quits his job for a large corporation and starts his own business.

TRUE FALSe

44. Since technology changes so rapidly, entrepreneurs are less important for our economy than in past times.

TRUE FALSE

45. While entrepreneurs often earn significant profits for themselves, their impact on American society is quite small.

TRUE FALSE

46. Entrepreneurs usually avoid risk and place a higher value on security.

TRUE FALSe

47. Ethical behavior in a business setting usually involves clear choices of right or wrong action.

TRUE FALSE

48. Partnerships are the most common form of business ownership.

TRUE FALSE