Entrepreneurship Final Review

Question 1

Maslow's hierarchy of needs pyramid has 5 levels, the highest being Other peoples-Actualization

Accepted Answer

False

Question 2

A business plan may be used to help you secure financing for your business & communicate ideas.

Accepted Answer

True

Question 3

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

Accepted Answer

True

Question 4

According to the SBA office of advocacy, how many new businesses survive the first two years?

Accepted Answer

two-thirds

Question 5

One important part of a Business Plan is it makes you think about all the aspects of business.

Accepted Answer

True

Question 6

Parho is the company name of Oprah Winfrey's production company.

Accepted Answer

False

Question 7

Which of the following is at the top of the hierarchy of needs?

Accepted Answer

Self-actualization

Question 8

Who are the people who work for someone else?

Accepted Answer

Employees

Question 9

A famous woman named her company the backwards spelling of her first name, the company name is

Accepted Answer

Harpo

Question 10

What is one advantage of being an entrepreneur?

Accepted Answer

Having a job that you have a passion for.

Question 11

Entrepreneurs are

Accepted Answer

people who own, operate, and take the risk of a business

Question 12

Which is not an example of a good team member?

Accepted Answer

Calculating

Question 13

According to the book, how many types of businesses are there?

Accepted Answer

6

Question 14

Researchers have identified 8 characteristics that distinguish the successful from the failures

Accepted Answer

True

Question 15

Entrepreneurs satisfy needs and wants.

Accepted Answer

True

Question 16

A self-assessment is

Accepted Answer

evaluation of your strengths and weaknesses.

Question 17

People work for people who own, operate, and take the risk of a business venture are called ___

Accepted Answer

employees

Question 18

Your company having performance, price, quality, public image, and reliability, is a(n) ______.

Accepted Answer

Advantage

Question 19

What characteristics enables one to bounce back from poorly made decisions?

Accepted Answer

Independence

Question 20

There are 28 characteristics of being a good team member.

Accepted Answer

False

Question 21

Entrepreneurs are

Accepted Answer

risk takers

Question 22

Effective Presentation skills include introduction, body of the presentation, and a conclusion.

Accepted Answer

True

Question 23

Which is NOT a characteristic of being a successful entrepreneur?

Accepted Answer

keep all the profits to themselves

Question 24

Quality, price, public image, and reliability are not advantages your company may have.

Accepted Answer

False

Question 25

The best teacher in the universe and beyond is?

Accepted Answer

Mrs. Brehmer

Entrepreneurship Final Review

Questions 25

Entrepreneurship Final Review

Questions 25