As a business owner, you’re responsible for making the decisions that pertain to the profitability of your business. This decision-making freedom best reflects the （）advantage of small business ownership. A.independenceB.first-moverC.lifestyleD.financial正确答案：independence

Which of the following is among the rewards of being a small business owner？ A.freedom from fiscal responsibilityB.free timeC.freedom from job-related stressD.lifestyle freedom正确答案：lifestyle freedom

According to the Small Business Administration, one of the most common reasons for starting a business is to （）。 A.be your own bossB.develop managerial skillsC.achieve financial securityD.manage team-oriented projects正确答案：be your own boss

While many （）ventures are based on innovative ideas, others revolve around improvements to existing goods or services. A.franchiseB.not-for-profitC.product-basedD.entrepreneurial正确答案：entrepreneurial

（）are creative people who sometimes take risks. A.EntrepreneursB.FranchisersC.MarketersD.Small business owners正确答案：Entrepreneurs

The three goals shared by all of the world’s economies are growth, high employment, and price stability. A.正确B.错误正确答案：正确

Legal monopolies exist in industries requiring huge investments and in which it would be inefficient to duplicate the products that they provide. A.正确B.错误正确答案：错误

Generally speaking, economic systems can be divided into planned and free market systems. A.正确B.错误正确答案：正确

The equilibrium price is a point at which buyers’ demand for a product and sellers’ supply of it are in balance. A.正确B.错误正确答案：正确

Perfect competition exists when many consumers are buying standardized products from a few small businesses. A.正确B.错误正确答案：错误

In an oligopoly, each seller supplies a large portion of all the products sold in the marketplace. A.正确B.错误正确答案：正确

Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need. A.正确B.错误正确答案：正确