What is the best reason to study entrepreneurship?

Thinking like an entrepre. can make you a better student

What is the definition of an entrepreneur?

someone who creates, owns and potentially runs a business

Which of the following is an advantage of starting your own business?

You have control over where and when you work.

What is one way to begin saving startup capital?

Set aside a portion of your income each month.

Which of the following is NOT true about an entrepreneur?

Salary is evaluated based on his ability to complete tasks.

What role do entrepreneurs play in economics?

create businesses that meet the wants and needs of consumers

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Exploring Business and Entrepreneurship Mod 3

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Questions 10

Answers

1
Which one of these is NOT considered a skill?
Determination Skills
Communication Skills
Business Skills
People Skills
2
Which of the following is NOT a true statement about business plans?
They should never be revised.
They are created before starting a business.
They help lower the risk of beginning a new business.
All of the above
3
An example of an asset is:
Time
Car
Money
All the above
4
Which of the following is NOT necessarily a characteristic of successful entrepreneurs?
Initiative & Self-Direction
Creativity & Collaboration
Comfort with Risk
Aggressiveness & Intensity
5
What is the best reason to study entrepreneurship?
Entrep. do not have to worry about having good grades
None of the above
means you'll never have to work for a boss.
Thinking like an entrepre. can make you a better student
6
What is the definition of an entrepreneur?
someone who creates, owns and potentially runs a business
An entrepreneur is someone who manages a business.
None of the above
Owns a business and makes profit from that business
7
Which of the following is an advantage of starting your own business?
You have control over where and when you work.
There is little to no risk.
Making a business plan =knowing what obstacles to expect.
You do not have to think about funding at the start
8
What is one way to begin saving startup capital?
Both A & B
Neither A or B
Set aside a portion of your income each month.
Set aside a portion of the money you owe in taxes each month
9
Which of the following is NOT true about an entrepreneur?
An entrepreneur gets to act as his own boss.
Salary is evaluated based on his ability to complete tasks.
An entrepreneur has ownership in the business.
Someone who's responsible for the success of their business.
10
What role do entrepreneurs play in economics?
None of the above
create businesses that meet the wants and needs of consumers
Borrow money from economy
Entrepr. tell customers what they should want or need.

Exploring Business and Entrepreneurship Mod 3 Flashcards | StudBud