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- 1. Multiple Choice
An entrepreneur is someoneSomeone who works for a new businessSomeone who starts a new businessSomeone who takes over an existing businessSomeone who does not want to work - 2. Multiple ChoiceMost entrepreneurs start what type of business?PartnershipCorporationSole Proprietorship
- 3. Multiple ChoiceAn entrepreneur must know...Only the parts of the business they likeNo parts of the business managementall parts of business: finance, marketing, etc.
- 4. Multiple ChoiceName one of the reasons people become entrepreneurs.Feeling insecureThey like to be the ONLY one doing everythingThey are doing what they enjoy
- 5. Multiple ChoiceAn entrepreneur must be...disorganizedorganizedlazy
- 6. Multiple ChoiceAn entrepreneur can own an online business...False - entrepreneurs can only create business in personTrue - there are companies online as well as in person
- 7. Multiple ChoiceA business owned and run by 2 or more people is called...PartnershipSole ProprietorshipCorporation
- 8. Multiple ChoiceOne benefit of starting a corporation is...You are the only one responsibleThere is limited liabilityYou have to come up with ALL of the start money
- 9. Multiple ChoiceA negative (drawback) of starting a sole proprietorship is...You have to raise ALL of the money yourselfYou make all of the decisionsAll of the profits belong to you
- 10. Multiple ChoiceThe most difficulty type of company to start is a...Sole proprietorshipPartnershipCorporation
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