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BACK TO BASICS
BACK TO BASICS
20 terms
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StudBud Administration
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23 plays
Basic entrepreneurship trivias
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Entrepreneurs need to develop writing, speaking and listening skills. This would be:
Human Relation Skills
Communications Skils
Math Skills
Technical Skills
2
Entrepreneurs look for challenging opportunities and are not afraid to take risks. They are:
Self-conscious
Risk-taker
Persistent
Creative
3
A Unicorn company is a privately held startup company with a value of over $1 billion
True
False
4
Skill that means an entrepreneur needs to get along with others and meet new people.
Human Relations Skills
Technical Skills
Math Skill
Communication Skills
5
It is important to identify your target market
False
True
6
An arrangement that gives franchisees (buyers) the right to sell the product of the franchiser is called:
Franchising Agreement
Franchise
Incorporation
Royalties
7
Evaluation of your strengths and weaknesses:
Entrepreneurship
Employee
Self Assessment
Entrepreneur
8
Limited liability is limited to the investors' investments in the corporation; courts cannot touch the personal assets.
False
True
9
__________ is an activity that generate good ideas.
Dreaming
Physical Exercise
Examinations
Brainstorming
10
FRIENDS, FAMILY, AND _______?
Fuels
Fools
Forever
Frenemies
11
"Bootstrapping" is a source of capital:
False
True
12
All are the typical structure for a business plan except:
Borrowing Plan
Operations Plan
Financial Plan
Executive Summary
13
Knowing basic arithmetic and knowledge of basic record keeping are examples of:
decision-making skills
Problem-solving skillls
Basic business skills
math skills
14
Being accountable for your actions and doing what is required.
self-confident
risk-taker
responsible
persistant
15
What type of entrepreneurial business actually produce the products they sell?
Distribution
Wholesaling
Retailing
Manufacturing
16
Partnership- a business with two or more owners who share the operation and financial responsibility for the firm
True
False
17
Entrepreneurship contribute to economic growth
True
False
18
Computer skills that are necessary in almost every business.
Basic Business Skills
Math Skills
Communication Skills
Technical Skills
19
Which characteristic describes working until the job is done, being determined.
Persistent
Creative
Goal-oriented
Inquisitive
20
An individual who undertakes the risk of creating and owning a business
administrator
manager
contractor
entrepreneur