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Entrepreneurship Flashcards | StudBud
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Entrepreneurship
Entrepreneurship
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Review #entrepreneur review of Chapters 1 & 2
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
An ___________ is a way of viewing or thinking about something.
opinion
attitude
altitude
2
When an entrepreneurs starts a new business, it involves both _____________and_____________.
Risks and Rewards
money and time
3
A person that provides free guidance tutoring, and suggestions for achieving goals is called a
mentor
employee
boss
4
A person who works for a business owned by someone else is called an__________
employer
boss
employee
5
What is something that a business does for a customer in exchange for money?
skill
service
6
What is a business?
An organization that provides products or services.
an organization that only provides services
an organization that sells merchandise
7
True or False: The age of most business owners is 25 and under.
true
false
8
What is an entrepreneur?
someone who owns a business
someone who creates and runs a business
9
Mr. Harley and Mr. Davidson invented the ______________
unicycle
tricycle
motorcycle
10
True or False: Characteristics are used to describe a quality or behavior.
true
false
11
Many new businesses sell their products and services on the _________________.
internet
world wide web
farmer's market
street
12
Showing respect to people around you is called________________.
control
professionalism
courtesy
13
Approximately what percent of business owners have some college?
67
90
5
14
True or False: Flexibility and Adaptability is one of the 8 Mindset Domain's.
false
true
15
A___________is an ability learned through training and practice.
skill
job
16
In the 1800's, the phonograph was invented by ___________.
Thomas Edison
Mary Davis
PT Barnum
17
If you are thinking about starting your own business, you are acting________________.
entrepreneurial
entrepreneurship
crazy
18
For an entrepreneur, __________ _____________ is key to evaluating strengths and weaknesses.
being mean
being rich
self-assessment
19
True or False.....A serial entrepreneur stops trying after one business failure.
false
true
20
What is a physical, tangible item called?
product
service