Question

Use the drop-down menus to identify the differences between entrepreneurs and employees.

Answer 1

Answer:

(on edge) "1. Entrepreneurs 2. Entrepreneurs 3.  Employees 4. Employees 5. Entrepreneurs "

Explanation:

1. "Entrepreneurs own businesses."

2. "Entrepreneurs  make their own decisions on the job."

3. "Employees  are usually offered health and retirement benefits."

4. "Employees  complete tasks using the skills they were hired to use."

5. "Entrepreneurs  pay for office space and supplies."

Answer 2

of the hundreds of thousands of business ventures that entrepreneurs launch every year, many never get off the ground. Others fizzle after spectacular rocket starts.

A six-year-old condiment company has attracted loyal customers but has achieved less than $500,000 in sales. The company’s gross margins can’t cover its overhead or provide adequate incomes for the founder and the family members who participate in the business. Additional growth will require a huge capital infusion, but investors and potential buyers aren’t keen on small, marginally profitable ventures, and the family has exhausted its resources.

Another young company, profitable and growing rapidly, imports novelty products from the Far East and sells them to large U.S. chain stores. The founder, who has a paper net worth of several million dollars, has been nominated for entrepreneur-of-the-year awards. But the company’s spectacular growth has forced him to reinvest most of his profits to finance the business’s growing inventories and receivables. Furthermore, the company’s profitability has attracted competitors and tempted customers to deal directly with the Asian suppliers. If the founder doesn’t do something soon, the business will evaporate.