5. True or False When an entrepreneurial environment is created, a company does not usually set aside the traditions of the company.

6. True or False Understanding the entrepreneur is only part of understanding the entrepreneurial process.

7. True or False Social entrepreneurship avoids private-sector focus on risk taking.

10. True or False The principles of innovation are largely focused on profit maximization.

11. True or False Most entrepreneurs are objective when they evaluate their new idea.

14. True or False The most important area to examine prior to purchasing a business is company profitability.

27. True or False An entrepreneur needs to know how to calculate the value of a competitor's operation.