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Chapter 1 - Characteristics of Entrepreneurship Flashcards | StudBud
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Chapter 1 - Characteristics of Entrepreneurship
Chapter 1 - Characteristics of Entrepreneurship
20 terms
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StudBud Administration
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Review questions of Chapter 1 content
Flashcards
20 cards
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Questions
20
Answers
1
The potential for an action to not go as planned?
Control
Feasibility
Risk
Failure
2
Which is a type of self-assessment?
Interest inventory
Employee test
Failure
Control
3
A disadvantage of entrepreneurship is inconsistent income?
False
True
4
Leaving their mark on the world is what is meant by an entrepreneur's legacy?
True
False
5
Building a legacy is an example of an advantage of entrepreneurship?
True
False
6
Which of the following is NOT an element of a career plan?
Adaptability
Job Outlook
Personal Interests
Desired Lifestyle
7
Employee problems is an example of a disadvantage of entrepreneurship?
True
False
8
The S in SMART goal stands for
Serious
Sequential
Second
Specific
9
An advantage of entrepreneurship is high start-up costs?
True
False
10
The A in SMART goal stands for
Adequate
Amazing
Achievable
Acceptable
11
The R in SMART goal stands for Realistic of Results-Focused
False
True
12
The T in SMART goal stands for thought-provoking
False
True
13
The process of devising an idea, taking risks, and establishing a business is entrepreneurship?
True
False
14
Which of the following is NOT an example of leadership skills?
Reading
Motivation
Confidence
Planning
15
An interest inventory is a test or research activity designed to help an individual find a suitable career path?
True
False
16
A corporate executive who develops new enterprises within a corporation is an
Executive
Employee
Intrapraneur
Entrepreneur
17
Which of the following is not an advantage of entrepreneurship?
Control
Costs
Legacy
Flexibility
18
Which of the following is NOT an element of a career plan?
Attitude
Goals
Income potential
Educational Requirements
19
The M in SMART goal stands for Major
True
False
20
Which of the following is no a type of skill that successful entrepreneurs possess?
Achievement
Problem-Solving
Basic
Leadership