What Is the Difference Between the Small Business Owner and the Entrepreneur

question 126

Multiple Choice

What is the difference between the small business owner and the entrepreneur?

• A) The entrepreneur is responsible for the profits of the business.
• B) The entrepreneur assumes the risk of the business.
• C) The entrepreneur files taxes for the business.
• D) The entrepreneur manages the business.

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Definitions:

Federal Trade Commission

A government agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Corrective Advertising

Advertising efforts undertaken to correct previous misleading information provided to consumers, often mandated by regulatory agencies.

Federal Trade Commission

A United States government agency responsible for preventing unfair or deceptive business practices and protecting consumer rights.

Standard of Care

A diagnostic and treatment process that a clinician should follow for a certain type of patient, illness, or clinical circumstance.