The word entrepreneur is derived from the Spanish word entreprendre, meaning ‘to
undertake.’
Selfishness and a need for power are two characteristics common in entrepreneurs.
Research has shown a distinct lack of planning on the part of new ventures.
A product does not have to be patented in order to be introduced into the marketplace.
Describe the legal concerns over family business succession citing the Oakland
Scavenger case.
Identify the three major sections of the Bankruptcy Act.
Nepotism policies are lawful unless they have an ‘adverse impact’ on women or
minority groups (as in the Oakland Scavenger Company case).