Exam 2: The Entrepreneurial Process

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The vast majority of entrepreneurs start their companies with their own personal savings.

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To be successful, a company must possess a unique and novel idea.

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Investors in small, growing startups typically expect to earn the same rate of return as they would if they invested in a public company that is listed on the New York Stock Exchange.

(True/False)
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Only the most skilled entrepreneurs should attempt to build a business around social or cultural fads.

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What is the average net profit margin for companies in the US?

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