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- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is NOT a trait of successful entrepreneurs?
Passion
Procrastination
Resilience
Strong sense of self
- Multiple ChoicePlease save your changes before editing any questions.
Leaders work in the system.
True
False
I don't know
- Multiple ChoicePlease save your changes before editing any questions.
Managers support problem solving and
Inspiring
Innovation
Showing other the way
Decision-making
- Multiple ChoicePlease save your changes before editing any questions.
Monitoring and controlling expenses/budgets are responsibilities of
Leaders
Managers
Co-workers
Employees
- Multiple ChoicePlease save your changes before editing any questions.
These people don't stop and watch unless they are learning and comparing
Leaders
Managers
Co-workers
Employees
- Multiple ChoicePlease save your changes before editing any questions.
A merchandise shipment of laptops were destroyed in transit. This is an example of a(n)
Market
Risk
Accident
Loss
- Multiple ChoicePlease save your changes before editing any questions.
Last night, you got a call that your warehouse had caught on fire. This is an example of
Risk
Loss
Speculative Risk
Pure Risk
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
How many steps are there in the entrepreneurial discovery process?
4
5
6
7
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
Business opportunities could include
Franchises, family business & hobbies
Family business, interests, & trends
Hobbies, interests, & making money
Franchises, games, & solutions
- Multiple ChoicePlease save your changes before editing any questions.
When investigating trends, it is important to look at current and global trends.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
Being an entrepreneur is the right choice for everyone
True
False
- Multiple ChoicePlease save your changes before editing any questions.
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
- Multiple ChoicePlease save your changes before editing any questions.
Opening a franchise is less risky than starting a business from scratch.
True
False