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Jigsaw Reading - Comprehension Questions Flashcards | StudBud
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Jigsaw Reading - Comprehension Questions
Jigsaw Reading - Comprehension Questions
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Flashcards
20 cards
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Questions
20
Answers
1
Elon Musk's financial success was largely due to his ability to secure funding for research and development.
False
True
2
Why are strong communication skills important for entrepreneurs?
To effectively share their vision with stakeholders
To strictly enforce company rules
To confidently reject investor feedback
To limit employee input and control discussions
3
Entrepreneurs who quickly transitioned to digital platforms during COVID-19 boosted their chances of business survival.
False
True
4
Jeff Bezos demonstrated resilience by continuing to develop Amazon despite early challenges and financial risks.
False
True
5
Which of the following reflects ethical responsibility in entrepreneurship?
Avoiding environmental concerns to reduce expenses
Reducing transparency with stakeholders to protect investments
Incorporating sustainability practices and supporting social causes
Maximizing profits by cutting employee benefits
6
Which combination of traits is most likely to help an entrepreneur succeed in a competitive market?
Leadership, risk avoidance, and technical skills
Strong social skills, rigid planning, and market dependence
Financial flair, adaptability, and resilience
Innovation, financial independence, and teamwork
7
Entrepreneurs primarily focus on working for established companies to ensure financial stability.
False
True
8
What is an example of a calculated risk in entrepreneurship?
Launching multiple businesses without a structured plan
Investing heavily in an untested product with no market research
Relying solely on personal savings without consulting experts
Taking out a loan after analyzing market trends and potential profits
9
Which strategy helped Joi-Lin Hunt maintain financial stability?
Making strategic investments and managing resources wisely
Avoiding investments to reduce risks
Ignoring financial planning to focus on creativity
Relying solely on cash savings
10
What financial practice is most important for ensuring a startup’s long-term stability?
Investing heavily in advertising without a clear budget
Expanding the business rapidly without monitoring costs
Prioritizing cash flow management and strategic spending
Relying solely on personal savings to fund projects
11
Joi-Lin Hunt believes that self-care and work-life balance are unnecessary when managing multiple businesses.
False
True
12
Entrepreneurs must develop strategies to sustain and expand their businesses.
False
True
13
Adaptable entrepreneurs are less likely to adjust their strategies during economic shifts.
False
True
14
Companies like Apple, Tesla, and Amazon succeeded by avoiding innovation and following established business models
True
False
15
Joi-Lin Hunt successfully established her businesses by avoiding financial risks.
True
False
16
Which scenario best reflects an entrepreneur demonstrating adaptability?
Reducing investment in research and development to avoid financial risks
Expanding a physical store despite increasing online demand
Refusing to modify a product design despite negative feedback
Shifting to digital marketing after a decline in traditional sales.
17
Innovation is only about creating new products.
False
True
18
Joi-Lin Hunt’s journey highlights the importance of perseverance and ongoing learning in achieving success.
False
True
19
Which combination of businesses did Joi-Lin Hunt successfully establish?
A travel agency, a real estate firm, and a beauty salon
A law firm, an income tax franchise, and a chain of hair salons
A technology company, a bakery, and a language school
A fitness center, a clothing store, and an accounting firm
20
Resilience allows entrepreneurs to completely avoid failure.
True
False
