Question

1. the plant where goodyear tires are made is an example of which type of business? a. manufacturing business b. wholesaling business c. retailing business d. service business 14. according to the small business administrations office of advocacy, how many new businesses survive for at least ten years? a. one - third b. one - half c. one - fourth d. three - fourths 15. possibilities that arise from existing conditions are called 16. which of the following is not an advantage of entrepreneurship? a. entrepreneurs are their own bosses. b. entrepreneurs can be creative. c. entrepreneurs take all the risks involved with starting a business d. entrepreneurs can make large sums of money. 17. which step of the problem - solving model involves performing research and interviewing customers, suppliers, and employees? a. define the problem b. gather information c. identify various solutions d. evaluate alternatives

Explanation:

1. A manufacturing business makes products, and a tire - making plant fits this definition.
2. According to the Small Business Administration's Office of Advocacy, about one - fourth of new businesses survive for at least ten years.
3. Opportunities are possibilities that arise from existing conditions.
4. Taking all the risks involved with starting a business is a disadvantage, not an advantage of entrepreneurship.
5. Performing research and interviewing customers, suppliers, and employees is part of gathering information in the problem - solving model.

Answer:

1. a. manufacturing business
2. c. one - fourth
3. Opportunities
4. c. Entrepreneurs take all the risks involved with starting a business
5. b. gather information