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Entrepreneur Flashcards | StudBud

Explore/Entrepreneur

Entrepreneur

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Questions 9

Answers

1
What is a corporation?
a business bought out by someone new
a business owned by one person
a business owned by two people
a business with many owners
2
Which would most likely describe a successful entrepreneur?
self-starter
bossy
shy
lazy
3
Which is NOT a small business?
a babysitting team
a fast food chain
a web store
a delivery service using 10 bikes
4
Which is NOT a reward of entrepreneurship?
risking capital resources
being the boss
doing what you enjoy
being creative
5
Why do people have trouble getting money to start their own businesses?
Banks give more money to corporations.
Banks want to own the entrepreneur's business.
Banks don't give loans to entrepreneurs.
Banks are concerned that they won't be repaid.
6
What does a mission statement do?
describes the company
tells the major goals of a business
reflects the purpose of the company
tells your business concept
7
Which part of a business plan describes management and tells who will run the firm?
growth
financial
operational
organizational
8
What is a characteristic of the executive summary in a business plan?
It tells the most important points of the business plan.
It discusses how you will fill in any gaps in expertise.
It describes your service plan.
It contains details.
9
What is the most important reason for having a business plan?
to do market research
to help you focus on how to succeed in your new venture
to find out what to produce in your business
to make a checklist