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Entrepreneurship Icebreaker Flashcards | StudBud
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Entrepreneurship Icebreaker
Entrepreneurship Icebreaker
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StudBud Administration
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Informal Assessment
Flashcards
19 cards
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Practice quiz
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Questions
19
Answers
1
An individual who assumes the risks associated with creating, organizing and owning a business.
Entrepreneur
Fireman
Politician
CEO
2
The United States economy can best be described as:
Socialized
Capitalistic
Market Economy
Communism
3
Goal oriented, independent, self confident, risk taker
Characteristics an entrepreneur should have
Teacher
Student
Sole Proprietor
4
The legal structure of a business owned by one person
Partnership
Sole Proprietorship
S-Corp
Corporation
5
The price of an item or service is related to
Demand
Quanity
Supply
Scarcity
6
The biggest reason small businesses have to close down
Employee turnover
Failure to plan
Bad Credit
Lack of outside funding
7
Who said " High expectations are the key to everything"
Bill Walton
Dora the Explorer
Johnboy Walton
Sam Walton
8
Entrepreneurs have to be risk takers?
True
False
9
Small Businesses make up 72% of US employers?
False
True
10
Entrepreneurs are born that way
True
False
11
What is the best way to help one accomplish tasks or undertakings?
Meditate
Hope
Set specific goals
Read about it
12
An evaluation/study of an idea to determine if your business idea will work
Retirement Plan
Blind Trial
Business Plan
A feasibility study
13
Who said " Genius is 1% inspiration and 99% perspiration"
Thomas Edison
Chubby Checker
Henry Ford
Mr. Theado
14
Costs that must be paid regardless of how much good or service is provided
Variable Costs
The power of love by Huey Lewis and the news
Marginal cost
Fixed Cost
15
The TV show where entrepreneurs pitch their ideas to possible investors
I love Lucy
90 day finance'
The Apprentice
Shark Tank
16
According to the generally accepted model - the first step to solving a problem is:
React
consult Buzz Lightyear
Gather information
Define problem
17
Who said: "If you can dream it, you can do it"
Zack Effron
Shrek
Walt Disney
Enzo Ferarri
18
The entrepreneur that currently has a net worth of about $208,000,000,000
Warren Buffet
Elon Musk
Jeff Bezos
Larry Ellison
19
"A friendship founded on business is a good deal better than a business founded on friendship"
John D Rockefeller
Bill Gates
Mark "Marky Mark" Wallberg
Elon Musk