What is a trend that affects the growth of entrepreneurial ventures?

A higher demand for more convenience products

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Entrepreneurship Unit 1 Test

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Questions 10

Answers

1
Successful entrepreneurs enjoy their work & want to share their ____ blank about what they do
passion for
concerns about
apathy for
reservations about
2
Which is most likely to have a negative effect on domestic small-business growth
slow inflation
restrictive loan policies
low interest rates
Involuntary tax reductions
3
Even when times are tough for her business she remains positive. What characteristic is this?
innovation
determination
optimism
Organization
4
Governments can encourage entrepreneurial development by
deregulating & reducing taxes
establishing higher ethical standards
increasing interest rates on loan
passing more legislation w/strict guidelines
5
What behavior is exhibited when individuals recognize the possibility of an undesirable outcome
flexibility
risk-taking
creativity
self-discipline
6
Identifying new product opportunities usually requires a person to be
decisive
emotional
aware
indifferent
7
Entrepreneurs often discover business ideas by looking for gaps between what is currently & ___
what was done in the past
what needs to be done
how things are being done
when changes were last made
8
What is a trend that affects the growth of entrepreneurial ventures?
A higher demand for more convenience products
A rise in consumers' desire for slow response time
The shift to an agricultural-based society
The reduced need for health care & related services
9
What is a disadvantage of entrepreneurship?
fewer resources
personal satisfaction
lower taxes
uncertain income
10
Which is a financial concern that entrepreneurs often face when starting new businesses?
shorter vacations
short working hours
lower production standards
Irregular paychecks

Entrepreneurship Unit 1 Test Flashcards | StudBud