Entrepreneurship - Unit 5 Test

Entrepreneurs are guaranteed success when it comes to starting up their own business.

Someone who starts up their own business and takes on all the risks and rewards

Entrepreneurs must be willing to risk the chance of failure in order to be successful. What characteristic is this?

Entrepreneurs do not receive a regular paycheck. This means that entrepreneurs:

Entrepreneurs will work very long hours - often 7 days a week. This means that:

What are some qualities of a successful entrepreneur?

Entrepreneurs should be business savvy, creative, and confident.

Entrepreneurs often start their business while working for another company, this allows them:

He is the entrepreneur behind SpaceX and Tesla Motors. His goal is to change the world and improve humanity:

To be successful the entrepreneur must:

Because of entrepreneurship, we have:

Someone who is hired to work for someone

The quality of being honest and having strong moral principles; moral uprightness

Pursing passions, turning ideas into a business, creating wealth and jobs, allows entrepreneurs to increase their:

Entrepreneurs must be willing to seek advice from others.

Entrepreneurs are flexible & will refuse to give up despite obstacles, failures and discouragement from others. This is:

What is an example of different business activities that entrepreneurs take on when starting up a business?

Acting in ways consistent with what society and individuals typically think are good values

The ability to use imaginative skills to find ways to solve problems:

Belief in oneself and one's own abilities with an exception to be successful:

The process of recognizing a business opportunity, starting the business, and operating and maintaining that business

This is a process that requires hard work, perseverance, and willingness to assume some degree of risk:

Anyone can be an entrepreneur and

This is someone who takes the initiative to start and operate a new business: