Final answer:
The statement is false; managing a small business requires a robust set of management skills, regardless of size.
Step-by-step explanation:
The statement 'A positive aspect of opening a small business is that it takes very little management skill because it is small' is False. Managing a small business requires a variety of skills, including financial management, decision-making, leadership, and strategic planning. While a sole proprietorship is easy to start up and the owner enjoys the profits of successful management, this does not minimize the need for effective management skills. Every type of business ownership, be it a sole proprietorship, partnership, or corporation, reflects the needs of the business owner and comes with its own set of challenges. It is true that a sole proprietor does not have to pay a separate business income tax and there is a certain level of psychological satisfaction in being your own boss; however, the universal generalizations about business ownership do not support the notion that management skills are less important in small businesses.