Characteristics of an Entrepreneur/Entrepreneurial Process Quiz

Question 1

A proposal presented to potential investors and lenders that describes a new business.

Accepted Answer

Business Plan

Question 2

Which of the following means you work until the job is done?

Accepted Answer

Persistent

Question 3

This skill makes purchase decisions, calculates profits and completes financial statements

Accepted Answer

Math Skills

Question 4

The stage where the business is actually open.

Accepted Answer

Actualization

Question 5

Which of the following means that you are accountable for your own actions and choices?

Accepted Answer

Responsible

Question 6

The entrepreneur must be able to make decisions and solve problems everyday. This skill is...

Accepted Answer

Problem Solving/Decision Making Skills

Question 7

Which means that you like to make your own decisions and work without supervision?

Accepted Answer

Independent

Question 8

An individual who undertakes the risk of creating, organizing, and owning a business.

Accepted Answer

Entrepreneur

Question 9

The stage where finances are acquired.

Accepted Answer

Resourcing

Question 10

The stage where future growth (5-year, 10-year plan) is planned

Accepted Answer

Harvesting

Question 11

Which means that you believe in yourself?

Accepted Answer

Self-Confiodent

Question 12

Protects your business' name or logo

Accepted Answer

Trademark

Question 13

Which of the following means that you are constantly looking for new ways to solve problems?

Accepted Answer

Creative

Question 14

The stage where ideas are generated.

Accepted Answer

Discovery

Question 15

The process of starting and operating one's own business

Accepted Answer

Entrepreneurship

Question 16

This skill refers to people that get along with others and enjoys meeting & talking to people.

Accepted Answer

Human Relation Skills

Question 17

The purpose of a business plan is to

Accepted Answer

All of the above

Question 18

Required of all profit making businesses to avoid penalties from the government.

Accepted Answer

Pay Taxes

Question 19

Which of the following means that you develop a plan of action to help achieve that plan?

Accepted Answer

Goal-Oriented

Question 20

A legal agreement between two or more parties.

Accepted Answer

Contract

Question 21

The stage where the business plan is developed

Accepted Answer

Concept Development

Question 22

A brief one/two page description of the key points of each section of the business plan

Accepted Answer

Executive Summary

Question 23

Protects your creative works

Accepted Answer

Copyright

Question 24

This skill includes ability to gather information, necessary to organize and run a business

Accepted Answer

Communication Skills

Question 25

Which of the following means that you are curious about things that may affect your business?

Accepted Answer

Inquisitive

Characteristics of an Entrepreneur/Entrepreneurial Process Quiz

Questions 25

Characteristics of an Entrepreneur/Entrepreneurial Process Quiz

Questions 25