A limited partner is treated as an investor in a business venture and does not take an active role in managing it.

Ambiguity tends to destroy creativity.

One of the biggest changes entrepreneurs face is the shift in the economy from a base of financial to intellectual capital.

Most states do not require a Certificate of Incorporation or a charter to be filed for a new corporation.

A method of franchising that gives the right to create a semi-independent organization in a particular territory is a ________ franchise.

A strategic plan serves as a blueprint to help a company to ________.

Before presenting a business plan to potential lenders and investors, an entrepreneur must be well informed and well prepared.

The shift to a service economy has not had a significant impact on entrepreneurial opportunities.

Which of the following sets of experiences may enhance individual creativity?

The mission statement addresses the first question of any business venture: “What business am I in?”