Although developing a strategic plan is important for large companies, it is not essential to managing a small company successfully because of its limited resources.

Which of the following is a disadvantage of the corporation form of ownership?

Minority-owned businesses have come a long way in the past decade, and their success rate is climbing.

A clearly defined vision helps a company in which of the following ways?

All of the following are enhancements to individual creativity except ________.

A corporation receives its charter from ________.

Which of the following technological forces is driving the entrepreneurial trend in our nation?

Stockholders in the corporation have the same kind of liability as general partners in a partnership.

The relationship between core competencies and competitive advantage is best described by which statement?

The ideal business plan should be at least 100 pages long to prove to potential lenders and investors that the entrepreneur has studied the business and the market opportunity sufficiently.