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Entrepreneurship
Entrepreneurship
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BMA Unit 1 AOS 1
Flashcards
12 cards
F
Practice quiz
P
Host live
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Questions
12
Answers
1
T/F Every business begins with an idea
True
False
2
Risks in becoming an entrepreneur include all the following EXCEPT
Low Sales
Advanced Education
Competition Pressure
Lack of adequate capital
3
Small Business account for ___ of all innovative products and services.
55%
2%
11%
100%
4
Someone who takes a risk by starting a business can be referred to as....?
Entrepreneur
Employee
CEO
Manager
5
What is a written description of the business idea and how it will be carried out?
Business Cycle
Business Plan
Bank finanace
Mission Statement
6
Entrepreneurs have all characteristics EXCEPT
Persistent
Creative
Lazy
Goal Oriented
7
An example of an entrepreneur is
All of the Above
Steve Jobs
Bill Gates
Lindsay Fox
8
All Entrepreneurs have
No Profit Motive
Computers
University degrees
Problem-Solving Skills
9
All are factors of a business EXCEPT.......
The business idea
Strengths/weaknesses
Marraige contracts
Ownership structure
10
If a chocolate cost $0.20 to make and is sold for $1, How much profit is made.
$0.80
No profit made
$0.20
$1
11
T/F Most Successful businesses start during a period when customer demand is low
False
True
12
To tweak or make better is to
Succeed
Improve
Innovate
Dream
