1. Most successful entrepreneurs:
a. succeed straight out of college.
b. launch their ventures in their spare time.
c. analyze market conditions carefully.
d. succeed alone.
2. A(n) _____ is a contract between an entrepreneur and a parent company; the entrepreneur pays the parent company for the use of its trademarks, products, formulas, and business plans.
a. sponsored agreement
b. express contract
c. unconscionable contract
d. franchising agreement