TRUE OR FALSE

1)Entrepreneur are people who have a passion for creating change in the wolrd.

2)The advantages of partnerships and corporations are combined in an (LLC), mitigating some of the disadvantages of each.

3)corporations are,for tax purpose,separate entities and are consedered a legal person.

4)LLC is the simplest and most common form of business ownership;sole proprietorship is a business owned and run by someone for their own benefit.

5)Partnership comes in two types: general ang limited.

6)nascent entrepreneur is an individual who is in the process if starting a new business.

7)each type of entrepreneursees challenges in a unique way and has different resources to overcome them.

8)people have varying aspirations for the kind of busineses they want to create.

9)serial entrepreneur is an individual whi has sold or closed an original business,establushed another new business,sold or closed business & continuous this cycle.

10)limited partnerships require a formal agreement between the partners.

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