C. TRUE OR FALSE. Write TRUE if the statement is correct otherwise FALSE

1. Risk is a part of any entrepreneurial endeavor.
2. Entrepreneurship promotes competitiveness, thus challenging entrepreneurs to continue
improving
3. Entrepreneurship is always believing yourself and not on the others.
4. Confidence is characterized by solid dedication
5. A good entrepreneur must make sure that the business will generate income.
6. The executive summary is the last part to be accomplished.
7. Income levels of a community affects the buying capability of its citizens.
8. Poorly researched business poses lower risk.
9. Once entrepreneurial skills and competencies are identified, one can start a business venture
right away
10. A business plan is also written for the sake of the investors from whom the entrepreneus
may ask for financial assistance.
11. If you subtract gross profit from expenses, you can get the net income.
12. Balanced sheet shows the flow of cash (inflow and outflow).
13. Market segmentation is a process of analyzing the internal and external factors that affect a
business enterprise.
14. During this time of crisis, posting in social media is the best way to communicate with other
people.
15. Weaknesses are possible external factors that may harm the business.​