Module III Entrepreneurship

Question 1

Studying market trends occurs in this Stage

Accepted Answer

Discovery

Question 2

Entrepreneurs are constantly looking for new ways to solve problems. This is called being. . .

Accepted Answer

being Creative

Question 3

Issuing an IPO (Initial Public Offering) occurs in this Stage

Accepted Answer

Harvesting

Question 4

Entrepreneurs must be able to develop writing, speaking and listening skills which are called

Accepted Answer

Communication Skills

Question 5

Researching Copyright protection for the business idea occurs in this Stage

Accepted Answer

Concept Development

Question 6

Selecting a location for the business occurs in this Stage

Accepted Answer

Concept Development

Question 7

Conducting a Grand Opening occurs in the

Accepted Answer

Actualization Stage

Question 8

Entrepreneurs develop a plan of action and make decisions to achieve that plan. This is called

Accepted Answer

being Goal-oriented

Question 9

Looking for employees to hire for the business occurs in this Stage

Accepted Answer

Resourcing

Question 10

An entrepreneur is accountable for his/her actions and does what is required

Accepted Answer

Responsible

Question 11

Entrepreneurs want to make their own decisions. This is considered being. . .

Accepted Answer

Independent

Question 12

Going to work everyday occurs in this Stage

Accepted Answer

Actualization

Question 13

Applying for loans to finance the business occurs in this Stage

Accepted Answer

Resourcing

Question 14

Matching your skills with market trends occurs in this Stage

Accepted Answer

Discovery

Question 15

Stages of the Entrepreneurial process occur in this order . . .

Accepted Answer

Discovery, ConceptDev, Resourcing, Actualization, Harvesting

Question 16

Investigating Patents for the business occurs in this Stage

Accepted Answer

Concept Development

Question 17

Examining consumer needs occurs in this Stage

Accepted Answer

Discovery

Question 18

Listing potential investors for the business occurs in this Stage

Accepted Answer

Resourcing

Question 19

Entrepreneurs are curious about things and are not afraid to ask questions. This is called. . .

Accepted Answer

Inquisitive

Question 20

Entrepreneurs look for challenging opportunities. They are not afraid to take risks.

Accepted Answer

They are called "Risk Takers."

Question 21

Entrepreneurs must have a basic understanding of the economy, management, marketing, finance

Accepted Answer

which are called Basic Business Skills.

Question 22

Creating a 5-year Business Plan per your curriculum occurs in this Stage

Accepted Answer

Harvesting

Question 23

Basic arithemetic, record keeping skills, calculating profit & completing financial statements

Accepted Answer

require Math Skills

Question 24

Entrepreneurs must get along with others & enjoy meeting and talking to people. This is called

Accepted Answer

Human Relations Skills

Question 25

Utilizes resources occurs in this Stage

Accepted Answer

Actualization

Question 26

Determining the likelihood of the venture's success or in other words, "can I make money?"

Accepted Answer

Discovery

Question 27

E-mailing a Questionnaire occurs in the

Accepted Answer

Discovery Stage

Question 28

Expansion Projects occur in this Stage

Accepted Answer

Harvesting

Question 29

Computer Skills are essential in almost every business. They are called

Accepted Answer

Technical Skills

Question 30

Entrepreneurs must make decisions and solve problems everyday. This is called

Accepted Answer

Problem-solving and Decision-making Skills

Question 31

Conducting a demographic study of the business location occurs in this Stage

Accepted Answer

Discovery

Question 32

Long Range Planning occurs in this Stage which could be continuing the business or going under

Accepted Answer

Harvesting

Question 33

Conducting daily business activities occurs in this Stage

Accepted Answer

Actualization

Question 34

Conducting a taste test at supermarkets occurs in this Stage

Accepted Answer

Discovery

Question 35

Writing a Business Plan is in the

Accepted Answer

Concept Development Stage

Question 36

Picking a location for the business occurs in this Stage

Accepted Answer

Concept Development

Question 37

Entrepreneurs work until a job is done; they're determined to overcome problems & be successful

Accepted Answer

which is Persistent.

Question 38

Recognizes opportunities, generates ideas and performing surveys, all occur in this Stage

Accepted Answer

Discovery

Question 39

Entrepreneurs believe in themselves. This is called...

Accepted Answer

Self-confident

Question 40

Applying for SBA (Small Business Association) Loans occurs in this Stage

Accepted Answer

Resourcing

Module III Entrepreneurship

Questions 40

Module III Entrepreneurship

Questions 40