Entrepreneurship - Chapter 1 Review

Absolutely anyone can be a successful entrepreneur.

People who own, operate, and take the risk of a business venture are called

Entrepreneurial opportunities tend to disappear completely during downturns in the economy.

More than half of all new businesses do not survive beyond ten years.

Which of the following type of business sells products directly to consumers?

Employees, customers, and creditors are all stakeholders in an entrepreneur’s business.

“I will learn more about starting my own business” is a good example of a SMART goal.

Thoughts or concepts that come from creative thinking are called

The FDA is an organization that exists to help small businesses and their owners.

The FINAL step of the problem-solving model is to

Which would generally NOT be considered a desirable characteristic of a good team member?

A wholesaling business sells products directly to consumers.

Of the many determinants, which will NOT impact ​an entrepreneur's success

Small firms with fewer than 500 employees represent about _____ % of all businesses in the U.S.

Ideas are different from opportunities.