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- 1. Multiple Choice
The ability to perform a specific kind of task after practice is referred to as having
self-esteem
an aptitude
an attitude
a skill
- 2. Multiple Choice
Which of the following is not generally a personal characteristic of a successful entrepreneur?
creativity
curiosity
courage
cautiousness
- 3. Multiple Choice
Which of the following is not a skill needed by an entrepreneur?
organizational skill
business skill
drawing skill
computer skill
- 4. Multiple Choice
What percentage of business owners used money of their own, or from their families, to start or buy a business?
less than 20 %
between 40% and 60%
between 20% and 40%
more than 60 %
- 5. Multiple Choice
What percentage of business owners are less than 25 years old?
2 percent
12 percent
22 percent
32 percent
- 6. Multiple Choice
Which of the following would not be provided by a mentor?
suggestions for achieving goals
guidance
financial security
tutoring
- 7. Multiple Choice
An attitude is
a way of thinking about something that affects how you feel about it
a feeling you can choose to have
a feeling that can be positive or negative
all of the above
- 8. Multiple Choice
Self-assessment is something that
is more important for employees than entrepreneurs
helps you maximize your strengths and weaknesses
entrepreneurs do not consider when hiring employees
all of the above
- 9. Multiple Choice
Which trait is not part of the NFTE Entrepreneurial Mindset?
risk avoidance
flexibility
persistence
critical thinking
- 10. Multiple Choice
Practicing to become good at sports is an example of an skill.
True
False
- 11. Multiple Choice
A personal characteristic needed to be a successful entrepreneur is inflexibility.
True
False
- 12. Multiple Choice
A skill is an ability that you can learn through training and practice
True
False
- 13. Multiple Choice
Entrepreneurs do not need "people skills" to be successful.
True
False
- 14. Multiple Choice
One of the ways to increase your entrepreneurial potential is to find a mentor.
True
False
- 15. Multiple Choice
Entrepreneurs tend to be people with positive attitudes.
True
False
- 16. Multiple Choice
Instead of seeing problems, a successful entrepreneur usually sees opportunities.
True
False
- 17. Multiple Choice
Successful entrepreneurs need math skills so they can create budgets.
True
False
- 18. Multiple Choice
The entrepreneurial mindset is a blend of characteristics, attitudes, and skills that only people born with certain aptitudes can develop
True
False
- 19. Multiple Choice
What is an entrepreneur?A person who is in charge of a specific location.A person who works for someone else in order to learn skills.A person who organizes and operates a business or businesses.None of these - 20. Multiple ChoiceAn entrepreneur is someone who works for themselves.TrueFalse
- 21. Multiple ChoiceMost entrepreneurs work long hours, but they create their own schedule.TrueFalse
- 22. Multiple ChoiceALL entrepreneurs have a college degree.TrueFalse
- 23. Multiple ChoiceHow do many people become millionaires?They save aggressively.They avoid debt.The invest their money.All of these
- 24. Multiple Choice
Entrepreneurs have to find their own health insurance and plan for retirement.
True
False
- 25. Multiple Choice
Entrepreneurs do not pay taxes to the IRS.
True
False
- 26. Multiple Choice
Which is a common characteristic of an entrepreneur?
organized
vindictive
impressionable
irresponsible
- 27. Multiple ChoiceThe act of assuming the risk of organizing productive resources to produce goods and services.businesscritical thinkingentrepreneurshiprisk management
- 28. Multiple ChoiceBusiness entity that is usually owned by multiple stockholders and operates as a separate legal entity.proprietorshippartnershiplimited liability companycorporation
- 29. Multiple ChoiceWhat is an entrepreneur?A person who is in charge of a specific location.A person who works for someone else in order to learn skills.A person who organizes and operates a business or businesses.None of these
- 30. Multiple ChoiceWhich is NOT a common characteristic of an entrepreneur?risk-takercreativeorganizedirresponsible
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