True/False
Indicate whether the sentence or statement is true
or false.
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1.
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The Internet
is a good arena for entrepreneurs to sell products and services.
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2.
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All dot-coms
operate only on the Internet.
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3.
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A checklist
is a good way to organize your thinking when you begin planning your own business.
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4.
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You should
be able to prepare a good business plan in about an hour.
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5.
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Most
businesses in the United States are small businesses.
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6.
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As your
business expands, you can change the form of ownership.
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7.
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A sole
proprietorship is owned by several people.
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8.
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If you own
more than half the stock of a corporation, you get to keep all the profits.
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9.
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Stockholders
own the corporation.
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10.
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A nonprofit
organization must pay taxes.
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11.
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Only large
corporations need a management plan.
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12.
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A
decentralized organization puts authority in one place, with top management.
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13.
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Every aspect
of business has to be managed from setting goals to meeting them.
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14.
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Good
planning requires setting realistic goals.
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15.
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The most
important leadership skill a manager needs is knowing how to give orders.
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16.
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Being a
manager is not the same as being a leader.
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17.
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People have
more confidence in a leader who is willing to make mistakes and learn from them.
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18.
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If you lack
confidence, you should delegate responsibility.
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19.
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In a
self-managed team, the leader is a team player rather than a boss.
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20.
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Someone with
initiative waits to be told what to do.
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21.
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You have to
be at least 21-years old to start a business on the Internet.
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22.
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The first
computers were used only by businesses.
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23.
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Since most
products bought online have to be delivered by mail, you have to pay shipping charges on
them.
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24.
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Changes in
technology create new products, industries, and jobs.
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25.
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A
multi-channel retailer is a company that sells many different types of products.
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