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final
Question 1. 1. (TCO 1) Describe the key characteristics of a typical entrepreneur. What role do those who have been laid off from a corporation play in the growth of entrepreneurship in the United States? (Points : 30)
Question 2. 2. (TCO 2) Compare and contrast the three risk-management strategies: risk avoidance, risk anticipation, and risk transfer. Give an example of each. (Points : 30)
Question 3. 3. (TCO 3) Describe the components of a business plan. Why is it important for an
entrepreneur to develop a business plan? (Points : 30)
Question 4. 4. (TCO 4) Explain the concepts of sales and sales contracts, breach of sales contract, sales warranties, and product liability, as described in the Uniform Commercial Code. (Points : 30)