LC Business Unit 2 Enterprise

Question 1

an entrepreneur prioritises the most important tasks in a time crunch using the skill of

Accepted Answer

time management

Question 2

What are the advantages to becoming an entrepreneur

Accepted Answer

Independence and income

Question 3

An entrepreneur is...

Accepted Answer

Someone who sets up a business taking financial risks to try make profit

Question 4

Why is enterprise important in Ireland?

Accepted Answer

Creates jobs, helps economic growth and improves consumer choice

Question 5

Learned skills of entrepreneurs?

Accepted Answer

Learn to identify opportunities, Learn effective time management, Learn to set goals and plans, Learn to manage stress

Question 6

Who bellow is not an entrepreneur

Accepted Answer

Michael O'Leary

Question 7

What business did Mary Anne O'Brien set up

Accepted Answer

Lily O'Brien's chocolate

Question 8

Which of the following does not encourage intrapreneurship

Accepted Answer

No communication between management and employees

Question 9

What is an example of enterprise in the community?

Accepted Answer

neighbours organise a tidy towns committee

Question 10

A person who uses their initiative for the benefit of their company is known as

Accepted Answer

intrapreneur

Question 11

Income earned by an entrepreneur

Accepted Answer

profit

Question 12

Risks of becoming an entrepreneur?

Accepted Answer

Stress and worry, May waste time, May lose money if enterprise fails

Question 13

Rewards of becoming an entrepreneur?

Accepted Answer

Personal satisfaction, independance and freedom to be own boss, Income, Creativity and new challenges

Question 14

The skills of an entrepreneur are

Accepted Answer

things that can be developed

Question 15

Define being pro-active

Accepted Answer

Someone who makes things happen

Questions 15