Overview of Entrepreneurship Review

Entrepreneurship does not occur in the public sector.  True or False?

Entrepreneurs are the mechanism by which our economy turns supply into demand.  T or F?

Entrepreneurship is the process of starting, opening and growing a business.  T or F?

Successful entrepreneurs are not gamblers; they ________________.

Most entrepreneurs find themselves working long hours, especially during start-up.  T or F?

What do most entrepreneurs run out of most quickly when launching a new business?

Failure is part of the dynamics of innovation and economic renewal.  True or False?

Which of the following is NOT a persistent myth about entrepreneurs?

Entrepreneurs who want to set their own agendas and schedules and make their own decisions are 

What is at the heart of the entrepreneurship process?

Entrepreneurs who are willing to work until a job is done are ___________.

Entrepreneurship is the process of getting into and operating a business of one's own.  T or F?

In order to learn from mistakes, successful entrepreneurs seek and use ________________.

Bootstrapping is defined as __________________.

Entrepreneurs who have high expectations for themselves are ________.

Which of the following is NOT a characteristic of a free enterprise system?

Entrepreneurs who continually look for new ways to solve problems are _______________.