stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Entrepreneurship Flashcards | StudBud
Explore
/
Entrepreneurship
Entrepreneurship
42 terms
·
StudBud Administration
·
1,952 plays
#Entrepreneurship
Flashcards
42 cards
F
Practice quiz
P
Host live
L
Questions
42
Answers
1
What is entrepreneurship?
The process of developing a business plan.
The process of finding potential investors.
The process of surveying consumers.
The process of starting and running one's own business.
2
You have written your first novel. What will protect your creative work?
Patent
Trademark
Copyright
3
A detailed proposal that describes a new business is a
Patent
Venture
Business Plan
Executive Summary
4
Your business is now up and running and utilizing the resources you have acquired. What stage?
Resourcing
Actualization
Harvesting
Concept Development
5
Entrepreneurs must have good writing, speaking, and listening skills. These are
basic business skills
communication skills
problem - solving skills
math skills
6
An entrepreneur that works until the job is done and is determined to overcome problems is
creative
persistent
self - confident
inquisitive
7
An entrepreneur that is constantly looking for new ways to solve problems is
responsible
self - confident
independent
creative
8
This business is sometimes referred to as a "mom and pop" type business
Entrepreneurship
Small business
Franchise
Corporation
9
Your business has been running for three years. You are looking to expand. What stage is this?
Resourcing
Discovery
Harvesting
Actualization
10
Entrepreneurs must have arithmetic and basic record keeping skills. These are
problem-solving skills
math skills
communication skills
basic business skills
11
You are having a grand opening for your business. The is part of what stage?
Actualization
Concept Development
Harvesting
Discovery
12
The stage of the Entrepreneurial process where the entrepreneur studies the market is called
Concept Development
Discovery
Resourcing
Harvesting
13
The stage in the Entrepreneurial Process when plans are made to protect intellectual property
Discovery
Resourcing
Concept development
Actualization
14
An entrepreneur that develops a plan of action and makes decisions to help achieve that plan is
self - confident
goal - oriented
a risk taker
inquisitive
15
Data that describes a group of people in terms of their age, race, gender, marital status, etc
Business Ethics
Demographics
Venture
Resourcing
16
Entrepreneurs must solve problems and make hard decisions every day
basic business skills
human relations skill
communication skills
problem-solving skills
17
The stage of the Entrepreneurial Process when the entrepreneur plans the venture
Concept development
Discovery
Resourcing
Actualization
18
The money or wealth needed to produce goods and service for your business is called
Patent
Capital
Trademark
Resourcing
19
An entrepreneur that wants to make their own decisions and follow their own schedule is
goal - oriented
inquisitive
independent
a risk taker
20
What will protect your business' name or logo?
Copyright
Trademark
Patent
Capital
21
An entrepreneur that looks for challenging opportunities and isn't afraid to take risks is
creative
a risk - taker
independent
self-confident
22
An entrepreneur that is curious and not afraid to do research to better the company is
independent
a risk - taker
inquisitive
persistent
23
You just invented a new type of ski boot. What would protect your invention?
Copyright
Trademark
Patent
24
The stage in the entrepreneurial Process when the entrepreneur IDENTIFIES needed resources
Resourcing
Concept Development
Discovery
Actualization
25
You are interviewing and hiring employees for your soon to open business. This is the
"Harvesting" stage
"Resourcing" stage
"Discovery" stage
"Actualization" stage
26
Entrepreneurs must get along with others and enjoy meeting and talking to people. These are
basic business skills
math skills
human relations skills
communication skills
27
You have invented a brand new and very different digital camera. You could refer to this as
an innovation
an opportunity
a venture
a patent
28
Creating a detailed Business Plan is part of what stage of the Entrepreneurial Process.
Discovery
Actualization
Concept Development
Harvesting
29
You start a new job. You receive a written description of the purpose of the company called the
Mission statement
Innovation
Discovery
Business plan
30
An idea that has commercial value is called
Opportunity
Mission Statement
Innovation
Discovery
31
The stage in the Entrepreneurial Process when the entrepreneur GETS the needed resources
Actualization
Harvesting
Discovery
Resourcing
32
Capital and resources needed to start a new business are called
Start - up resources
Trademarks
Business Plans
Innovations
33
A set of rules/procedures used to guide the behavior of an individual, a business, or a culture
Concept Development
Demographics
Code of Ethics
Innovation
34
An entrepreneur that believes in himself/herself is
independent
self - confident
creative
goal - oriented
35
A business undertaking involving risk
Business Plan
Venture
Innovation
Entrepreneur
36
You are applying for and receiving loans to open your business. This is part of what stage?
Actualization
Discovery
Resourcing
Harvesting
37
Sarah isn't sure how to appropriately deal with an angry customer. She could find this is the
Innovation
Mission statement
Code of Ethics
Business Plan
38
Entrepreneurs must have good computer skills. These are
technical skills
communication skills
math skills
basic business skills
39
This is a brief description of the key points of a Business Plan
Executive Summary
Business Plan
Code of Ethics
Venture
40
Entrepreneurs must have a basic understanding of the economy, finance, marketing and management
human relations skills
communication skills
problem-solving skills
basic business skills
41
An entrepreneur that is accountable for his/her actions and does what is required is
self - confident
inquisitive
creative
responsible
42
When you apply principles of right and wrong to situations in the work place these are called
Business Ethics
Opportunities
Mission Statements
Business Plans