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1. Business owners are likely to spring from families of business owners. 1. Business owners are likely to spring from families of business owners. True False

2. Business owners are likely to be foreign born. 2. Business owners are likely to be foreign born. True False

3. Before owning his or her own firm, the typical business owner worked for a large corporation (one with over 1000 employees). 3. Before owning his or her own firm, the typical business owner worked for a large corporation (one with over 1000 employees). True False

4. A business owner is likely to start the same kind of business as the one where he’d been employed before he struck out on his own. 4. A business owner is likely to start the same kind of business as the one where he’d been employed before he struck out on his own. True False

5. The business owner was probably unhappy as an employee. 5. The business owner was probably unhappy as an employee. True False

6. The typical business owner was a job-hopper before settling down to his/her own business. 6. The typical business owner was a job-hopper before settling down to his/her own business. True False

7. Most business owners have a high school education or more. 7. Most business owners have a high school education or more. True False

8. The typical business owner had supervisory experience before starting their own business. 8. The typical business owner had supervisory experience before starting their own business. True False

9. Business owners start their own firms because they want to do their own thing. 9. Business owners start their own firms because they want to do their own thing. True False

10. Starting new businesses depend heavily for financing on outside loans. 10. Starting new businesses depend heavily for financing on outside loans. True False