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Entrepreneurship Quiz (by Andrew & Anthony) Flashcards | StudBud
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Entrepreneurship Quiz (by Andrew & Anthony)
Entrepreneurship Quiz (by Andrew & Anthony)
16 terms
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Flashcards
16 cards
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Questions
16
Answers
1
A costumer complained about a product not working, and you responded by being honest and explained what went wrong.
Sound Judgment
Integrity
Freedom
Passion
2
How does integrity relate to entrepreneurship?
Being honest and helps build your reputation
Being dishonest to try to avoid certain situations
3
You discover a beneficial opportunity and are able to recognize and accept it and take action.
Responsibility
Win-Win Focus
Integrity
Knowledge
4
How does responsibility relate to entrepreneurship?
Making poor decisions and not recognizing your mistakes
Making smart decisions and fixing mistakes when needed
5
A friend invites you to a football game and you really want to go, but know you have to finish something, so you refuse.
Opportunity
Freedom
Responsibility
Integrity
6
You are able to form a well-defined business model and a solid management team.
Passion
Opportunity
Sound Judgment
Knowledge
7
Your business is very successful and you are able to meet your satisfied consumer demand of your product.
Win-Win Focus
Opportunity
Freedom
Sound Judgment
8
You meet one of your co-workers and get along very well, and one day decide to plan an activity together.
Win-Win Focus
Freedom
Responsibility
Sound Judgement
9
How does opportunity relate to entrepreneurship?
When consumer demand meets satisfaction for the product
Forms adversity toward your product and business
10
You run into a problem regarding your business, but you are able to tackle it with a clear hand and mind.
Responsibility
Sound Judgment
Opportunity
Passion
11
How does freedom relate to entrepreneurship?
Setting goals and creating visions of what entrepreneurs want to see
Setting a stressful and hard working mindset and lifestyle
12
You decide you want to set a goal of making a certain amount of money by the end of the year.
Freedom
Responsibility
Passion
Integrity
13
How does passion relate to entrepreneurship?
Helps you set a solid foundation for your business
Creates a weak environment for your business
14
How does sound judgement relate to entrepreneurship?
To avoid conflict and not be willing to tackle it
To evaluate a situation or a problem objectively with a clear hand
15
How does knowledge relate to entrepreneurship?
Describes the ability to recognize or create opportunity
Creates less opportunity to build and form new ideas
16
How do win-win focuses relate to entrepreneurship?
Being independent and not communicating with your business partners
Building strong and lasting relationships with your partners
