In the early stages of a start-up business, entrepreneurs assume sole responsibility for
global economic growth rates.
all aspects of their businesses
the daily activities of competitors
reducing the need for financial records products.
2. Multiple Choice
2 minutes
1 pt
While managers help to make entrepreneurs’ visions a reality, they are NOT required to
formulate company policy
establish business objectives.
assume the risk involved
implement procedures
3. Multiple Choice
2 minutes
1 pt
Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of
advertising.
money
employees.
commitment
4. Multiple Choice
2 minutes
1 pt
What is a disadvantage of entrepreneurship?
Personal satisfaction
Uncertain income
Lower taxes
Flexible schedule
5. Multiple Choice
2 minutes
1 pt
Technological advancements have made it possible for some entrepreneurs to
eliminate the need to pay taxes
reduce the need for financial records.
run their businesses with no resources
operate their businesses entirely from their computers
6. Multiple Choice
2 minutes
1 pt
Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have _______________ what they do.
passion for
concerns about
apathy for
reservations about
7. Multiple Choice
2 minutes
1 pt
Even though there is a significant chance that his business will fail, Sidney intends to open a sports memorabilia shop. What entrepreneurial trait is Sidney exhibiting?
Organization
Creativity
Open-mindedness
Willingness to take risks
8. Multiple Choice
2 minutes
1 pt
Before starting their business ventures, which of the following would entrepreneurs recognize first:
Regulations
Opportunity
Associations
Liability
9. Multiple Choice
2 minutes
1 pt
Entrepreneurs often discover business start-up ideas by looking for gaps between what is currently being done and
what was done in the past
how things are being done
what needs to be done.
when changes were last made
10. Multiple Choice
2 minutes
1 pt
Entrepreneurs who are aware of their personal strengths and weaknesses increase their chances of
outsourcing
success
empathy
productivity
11. Multiple Choice
2 minutes
1 pt
What makes a "small business owner" different from an “entrepreneur”?
Small business owners are not risk takers and entrepreneurs are risk takers
Small business owners think big, & entrepreneurs think bigger
Small business owners are content and want to make a living and entrepreneurs want to change the world
Business owners do not use technology and entrepreneurs are using the newest and best technology
12. Multiple Choice
2 minutes
1 pt
What is the importance of an entrepreneur in the economy?
Entrepreneurs are our community leaders.
Entrepreneurs help stabilize and grow the economy with their ability to discover new business.
Entrepreneurs make all their own rules and new products come from them.
Entrepreneurs rely only on themselves and do not hire anyone else
13. Multiple Choice
2 minutes
1 pt
Jorge is an entrepreneur and owner of 2 successful businesses. Jorge’s colleagues value his ability to come up with new ways of doing things and to find solutions to seemingly impossible problems. What entrepreneurial trait do Jorge' colleagues admire?
initiative
goal setting
integrity
creativity
14. Multiple Choice
2 minutes
1 pt
Michelle’s primary reason for starting her own business is her desire to make her own schedule. Michelle is looking forward to the _____________ she hopes to have as an entrepreneur.