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