Identify and discuss the three primary reasons that ...

[mydiamond]

Identify and discuss the three primary reasons that entrepreneurial behavior has a strong impact on the United States economy.
 
  What will be an ideal response?

Question 2

It is important for an entrepreneur to select an attorney as late as possible when developing a business venture.
 
  Indicate whether the statement is true or false

[leahm14]

Answer to Question 1

The two reasons that entrepreneurial behavior has a strong impact on the United States economy are as follows: innovation and job creation. Innovation is the process of creating something new, which is central to the entrepreneurial process. According to the Small Business Administration (SBA) Office of Advocacy, small innovative firms are 16 times more productive than large innovative firms in terms of patents per employee. In regard to job creation, according to the SBA, small businesses create a substantial number of new jobs in the United States. Firms with 500 or fewer employees create 65 percent of new jobs on an annual basis.

Answer to Question 2

FALSE

[mydiamond]

Excellent

[komodo7]

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