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Entrepreneurship Chapter 1 Review Flashcards | StudBud
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Entrepreneurship Chapter 1 Review
Entrepreneurship Chapter 1 Review
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#entrepreneurship
Flashcards
50 cards
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Practice quiz
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Questions
50
Answers
1
Coach Pigott has walked up this famous staircase in Loretto Chapel in what American city?
Denver, Colorado
Santa Fe, New Mexico
Boston, Massachusetts
Los Angeles, California
2
What country is this?
Jamaica
Nigeria
United States
Australia
3
If you are lacking any of the necessary skills needed to run a successful business you should
Close the business
Let Coach Pigott be in charge
Hire someone who is strong in that area
Obtain training in that skill
4
Small businesses make up 64% of the American work force
False
True
5
Which of these is NOT a risk of being an entrepreneur?
Potential Business Failure
Getting Tired
Self Employment
Unexpected Obstacles
6
What American entrepreneur hosted Wrestlemania 4 and 5 at his New Jersey casino/hotel?
Vince McMahon
Donald Trump
Paul Heyman
Kofi Kingston
7
Who became the USA's first black millionaire when she invented hair products for black women?
Condoleeza Rice
Oprah Winfrey
Madam CJ Walker
Ms Davis
8
What founder of Home Depot also owns the Atlanta Falcons?
Tom Benson
Arthur Blank
Ted Turner
Robert Kraft
9
What founder of Nike is famous for outfitting the University of Oregon sports teams?
Mark Cuban
Sam Walton
Phil Knight
Jack Dorsey
10
Which of these is NOT a risk of being an entrepreneur?
Financial Insecurity
Free cell phone
Getting home in time to watch "Empire"
Long Hours and Hard Work
11
Late New Orleans Saints owner Tom Benson made his fortune as an entrepreneur in what business?
Plumbing
Heavy Construction
Computers
Car Dealerships
12
Every entrepreneur must hire an operations manager and a_______
Attorney
Financial Manager
Massage Therapist
Janitor
13
To think and act like an entrepreneur
Professional
Smart
Entrepreneurial
Employee
14
What owner of the Cleveland Cavaliers is also the CEO and founder of Quicken Loans?
Dan Gilbert
Dan Snyder
Tom Benson
LeBron James
15
An organization that makes products or services in order to make money
Employee
Entrepreneur
Company
Business
16
What Country Is This?
South Korea
Japan
United States
China
17
Coach Pigott has never been here, but would love to go. What country is this?
Australia
New Zealand
Thailand
Mexico
18
What American media entrepreneur bought a closed military base in GA to build a studio?
Howard Ballou
Oprah Winfrey
Steve Harvey
Tyler Perry
19
Someone who opens businesses regularly.
Prophet
Boss
Serial Entrepreneur
Supervisor
20
What entrepreneur was the founder of BET?
Tyler Perry
Ben Carson
Robert Johnson
Herman Cain
21
What multi billionaire founder of an American media service was also mayor of NYC?
George Pataki
Mario Cuomo
Rudolph Giulliani
Michael Bloomberg
22
The process of being an entrepreneur
Internship
Entrepreneurship
Employment
Apprenticeship
23
Another word for an internship
Company
Work
Employee
Apprenticeship
24
Coach Pigott sang in this building in New York City when he was in college. What is it called?
Lincoln Theater
Carnegie Hall
Kennedy Center
Sydney Opera House
25
The key to creating profit is creating product value.
True
False
26
A company that uses the internet as its primary business source
Non Profit
Green Peace
Small Business
Dot-Com Company
27
You must have a building to open a business
False
True
28
Which of these is NOT a reward of being an entrepreneur?
Creating Greater Wealth
Not having to deal with customers
Having a lot of days off
Helping Your Community
29
A person who works for a company owned by someone else
Employee
Slave
Average Joe
Entrepreneur
30
Coach Pigott has been to the top of this one time tallest building in the world- where is it?
Miami, Florida
Chicago, Illinois
Houston, Texas
New York, New York
31
What entrepreneur revolutionized the automobile industry?
Henry Winkler
Henry Ford
Henry Hudson
Henry Cabot Lodge
32
Revenue minus Costs equals......
Taxes
Benefits
Profit
Money
33
Who Is This?
Martin Luther King
Ben Carson
Medgar Evers
Malcolm X
34
Twice as many businesses open as businesses close every year
True
False
35
Who Is This?
Phil Bryant
Thad Cochran
Roger Wicker
Michael Guest
36
Coach Pigott has met this Memphis rapper. What is his name?
DJ Paul
Juicy J
Chingy
Ja Rule
37
In the Chapter 1 Case Study, Vincent Quigg found the solution to a ______ problem
Hard
Rare
Common
Obscure
38
Coach Pigott has been to the La Brea Tar Pits- seen here. What American city are they in?
Los Angeles, California
San Francisco, California
Las Vegas, Nevada
Dallas, Texas
39
Who is the founder of Facebook?
Mark Zuckerburg
Justin Timberlake
Steve Jobs
Paul Allen
40
What American rapper founded the clothing company Rocawear?
P Diddy
Jay-Z
Eminem
Busta Rhymes
41
What should every business have before they open?
Employees
Product
Business Plan
Building
42
What media entrepreneur founded CNN, TNT, TBS, and owned the Atlanta Hawks and Braves?
Kennesaw Mountain Landis
Henry Ford
Mickey Mantle
Ted Turner
43
Work programs that provide practical,on the job training in a business setting.
Employee
Internship
Job fair
Apprenticeship
44
Which of these is NOT a reward of being an entrepreneur?
Very Little Money at Stake
Making Your Own Rules
Doing Work You Enjoy
Short work hours
45
Which of these is not a reason entrepreneurs are necessary for the economy?
They provide goods and services for the community
They are fun to hang out with
They bring new business to the area
They provide jobs
46
Which of these are NOT a way to think like an entrepreneur when you are working as an employee?
Observe
Listen
Do
Think
47
Having the lowest prices is the key to making profit
False
True
48
Someone who creates and runs a business
Employee
Entrepreneur
Boss
Teacher
49
Who Is The Current WWE World Champion?
Cody Rhodes
John Cena
Damian Priest
Roman Reigns
50
Which of these cities has Coach Pigott NOT been to?
Gastonia, North Carolina
Peach Springs, Arizona
Tucumcari, New Mexico
Gardiner, Montana
