Which of the following is true of a small business?

a.It is not owned by one individual alone.

b.It has many retail outlets.

c.It does not influence its environment.

d.It is publicly owned.

Most successful entrepreneurs:

a.succeed straight out of college.

b.launch their ventures in their spare time.

c.analyze market conditions carefully.

d.succeed alone.

A(n) _____ is a contract between an entrepreneur and a parentcompany; the entrepreneur pays the parent company for the use ofits trademarks, products, formulas, and business plans.

a.sponsored agreement

b.express contract

c.unconscionable contract

d.franchising agreement