Answer the following statement(s) true (T) or false (F)

1. U.S. legal and political systems are generally very favorable to new business creation, enabling people from a variety of backgrounds, ethnic groups, income brackets, and age groups to start their own business.
2. The number of businesses in the United States has decreased steadily over the past decade.
3. Small businesses are important players in the U.S. economy because they represent about half its output and employ about half the private sector work force.
4. Self-employment as a primary occupation has declined by over 2 percent.
5. After the first year of being in business, an entrepreneur is guaranteed a small profit.


1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. FALSE

Business

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