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

18. Social entrepreneurship encompasses only not-for-profit ventures.
19. Social entrepreneurship is defined as the process of innovating new social media business opportunities.
20. Joan has pursued seven money-making ventures over the past ten years ranging from retail storefronts to mobile app development. Joan is a “serial entrepreneur.”
21. Family enterprises are the dominant form of business organization worldwide.
22. Most family businesses do not survive the transition from the first to the second generation.
23. It is estimated that more than 80% of U.S. businesses are family-owned or controlled by a family.
24. Buying an existing small business is not considered entrepreneurship.


18. False
19. Flase
20. True
21. True
22 True
23. True
24. False

Business

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