What Is True About Small Businesses and Entrepreneurship

question 21

Multiple Choice

What is true about small businesses and entrepreneurship?

• A) All small businesses behave entrepreneurially
• B) All entrepreneurial firms are small businesses
• C) All entrepreneurial firms are large corporations
• D) Some small firms continue to behave entrepreneurially over time

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Definitions:

Punitive Damages

Financial compensation awarded in lawsuits, exceeding simple compensation and designed to punish the wrongdoing party.

Disability Benefits

Financial assistance provided to individuals who cannot work because of a disabling medical condition.

Employment-At-Will Rule

The legal doctrine that an employment relationship can be ended by either the employer or the employee at any time without cause.

Employee-Employer Relationship

The formal association between an employer and their employee, characterized by the employer's control and the employee's submission to work for pay.