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- 1. Multiple Choice
Why are Entrepreneurs important?
An important money maker
An important engine of growth in the economy
An important business model
An important way to increase traffic
- 2. Multiple Choice
Why do we need Entrepreneurship?
Create new businesses and raise taxes
To make people happy
To take down big box stores
Create social change and community development
- 3. Multiple Choice
Entrepreneur is someone who
Organizes, leads, manages, and assumes the risks of a business
Makes mass amounts of money
Is very controlling and close-minded
You would not want to work for
- 4. Multiple Choice
Which of the following is NOT a trait of successful entrepreneurs?
Passion
Procrastination
Resilience
Strong sense of self
- 5. Multiple Choice
Leaders work in the system.
True
False
I don't know
- 6. Multiple Choice
Managers support problem solving and
Inspiring
Innovation
Showing other the way
Decision-making
- 7. Multiple Choice
Monitoring and controlling expenses/budgets are responsibilities of
Leaders
Managers
Co-workers
Employees
- 8. Multiple Choice
These people don't stop and watch unless they are learning and comparing
Leaders
Managers
Co-workers
Employees
- 9. Multiple Choice
A merchandise shipment of laptops were destroyed in transit. This is an example of a(n)
Market
Risk
Accident
Loss
- 10. Multiple Choice
Last night, you got a call that your warehouse had caught on fire. This is an example of
Risk
Loss
Speculative Risk
Pure Risk
- 11. Multiple Choice
Your company decided to produce and stock 100,000 of their newest product. Sales are not moving as quickly as you thought and the merchandise just taking up space in the warehouse. This is an example of
Risk
Loss
Speculative Risk
Pure Risk
- 12. Multiple Choice
How many steps are there in the entrepreneurial discovery process?
4
5
6
7
- 13. Multiple Choice
Which of the following is NOT a step in the entrepreneurial discovery process?
Investigate Trends
Look For Business Opportunities
Brainstorm Problems and Ideas
Profitability Analysis
- 14. Multiple Choice
Business opportunities could include
Franchises, family business & hobbies
Family business, interests, & trends
Hobbies, interests, & making money
Franchises, games, & solutions
- 15. Multiple Choice
When investigating trends, it is important to look at current and global trends.
True
False
- 16. Multiple Choice
Why do people want to become entrepreneurs?
Make a guaranteed amount of money
To be their own boss and make decsions
To work longer hours
To show off how talented they are
- 17. Multiple Choice
Which of the following is a disadvantage of a partnership?
Everyone is happy
Two sets of ideas and financial assets
Potential friction when making decisions
Can split duties and responsibilties
- 18. Multiple Choice
Being an entrepreneur is the right choice for everyone
True
False
- 19. Multiple Choice
SBA helps entrepreneurs by providing resources regarding business plans, loans, etc. SBA stands for
Small Business Alliance
Smith Blackwell Association
Small Business Association
Small Brand Association
- 20. Multiple Choice
Opening a franchise is less risky than starting a business from scratch.
True
False
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