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Your Potential As An Entrepreneur. Flashcards | StudBud
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Your Potential As An Entrepreneur.
Your Potential As An Entrepreneur.
26 terms
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StudBud Administration
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What it takes to be an entrepreneur.
Flashcards
26 cards
F
Practice quiz
P
Host live
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Questions
26
Answers
1
When demand exceeds supply
Economic
Venture
Sulplus
Scarcity
2
Entrepreneurs are high risk takers
They live like that
False
My dad don't believe that
True
3
A market structure in which there are just a few competing firms
Monopoly
Free market
Mix market
Oligopoly
4
____ where physical goods, service, and information are exchanged through computer network.
All of the above
Market space
Market space station
Market place
5
People that establish businesses in the comfort of their home are
Serial entrepreneurs
Cyber entrepreneurs
Home-based entrepreneurs
Traditional entrepreneurs
6
People that conduct business completely online are.
Cyber entrepreneurs
Non -profit entrepreneurs
Home-based entrepreneurs
Serial entrepreneurs
7
__ are intangible products consisting of acts directed towards people or their possessions.
Goods
Information
Ideas
Service
8
___ are products our economic system produces to satisfy consumers’ wants and needs.
Good and service
Demand and supply
Goods and services
All of the above
9
Obtaining products for money is an example of __
Buying
Lender
Exchange
Borrowing
10
People that enjoy the thrill of starting a new business, but they don't want to stay around and operate it.
Non -profit entrepreneurs
Traditional entrepreneurs
Serial entrepreneurs
Cyber entrepreneurs
11
The entrepreneurial start up process includes these components except ___
Startup resource
The entrepreneurship
The environment
The new venture organization
12
Entrepreneurship provides excellent job security.
It take risks
Not at all
False
True
13
Entrepreneurs take risks...
True
False
14
Extensive technical experience is necessary to start a business
I don't know
I forgot
True
False
15
Most entrepreneur's principal goal is to ____
Innovate
Grow the business and innovate
Make Money.
Grow the business.
16
For exchange to occur, all must be present except....
1.Each party must be free to accept or reject the exchange
There must be at least two parties to exchange
All of the above
Each party has something to offer the other party
17
An idea that has a commercial value is ___
Luck
Chance
Opportunity
All of the above
18
What are the resources businesses use to produce the goods and services that people want.
Labour
Land
Factors of Production
Capital
19
____system are the means by which countries and governments distribute resources and trade goods and services
Eco system
Economic system
Economy system
Economist system
20
Where can a market be located?
Central world
Anywhere
Malls
Only my house
21
Money that is left after all expenses of running a business has been deducted
Profit
Debt
Capital
Income
22
Entrepreneurs are usually honors college graduates.
True
Please wait
May be
False
23
An individual who undertakes the creation and ownership of a business
Entrepreneur
Entrepreneurial
Entrepreneurship
Entrepreneurial process
24
Perfect competition is an example of ____ structure
Technology structure
Market structure
Economy structure
Industrial structure
25
The study on how nations allocate scare resourses
Economist
Economics
Economical
Economy
26
Market space is done over ?
Internet network
Amazon
eBay
Alibaba
