The Difference Between the Small Business Owner and the Entrepreneur

question 95

Multiple Choice

The difference between the small business owner and the entrepreneur is that the entrepreneur:

• A)manages the business
• B)files taxes for the business
• C)assumes the risk of the business
• D)is responsible for the profits of the business
• E)is accurately described by all of the above

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Definitions:

Economic Espionage

The act of unlawfully acquiring confidential information about a country's economic policies, practices, or innovations for competitive advantage.

Competitor's Trash

Discarded or overlooked information from rival businesses that can be analyzed for competitive intelligence or market insights.

Proprietary Information

Confidential business information that provides a company a competitive advantage, such as trade secrets, patents, or proprietary processes.

Children's Online Privacy Protection Act

A law designed to protect the privacy of children under 13 by requiring parental consent for the collection or use of any personal information of the users.