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Chapter 1: Entrepreneurial Careers Flashcards | StudBud
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Chapter 1: Entrepreneurial Careers
Chapter 1: Entrepreneurial Careers
20 terms
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StudBud Administration
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#entrepreneurs #business #moneymaking
Flashcards
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Questions
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Answers
1
An entrepreneur is a person who
is looking for a new job.
works for a major corporation.
provides funding for businesses.
starts a new business.
2
Bill Gates and Oprah Winfrey are considered to be entrepreneurs.
True
False
3
The natural ability to do or learn something is a(n)
attitude.
aptitude.
skill.
goal.
4
SMART is an acronym for Strategic, Measurable, Attainable, Relevant, and Time-oriented.
True
False
5
Approximately 99 percent of all employers in the US are considered small businesses.
True
False
6
A leader empowers other people to act and make decisions.
True
False
7
Entrepreneurship is taking on the risks and responsibilities of a new business.
False
True
8
To understand your own personal preferences and strengths and weaknesses, you can complete a(n)
self-assessment
portfolio
employment aqpplication
career plan.
9
An aptitude is an ability a person has learned over time and can do very well.
False
True
10
Regarding the problem-solving process 2 select a career, what is the
1st
step u might take?
Enroll in courses that'll help you in your career
Find a career that would provide the lifestyle you want
Write down all the career opportunities of your interest
Select a career path
11
Another term for "people skills" is
problem-solving skills.
business skills
leadership skills.
interpersonal skills.
12
Newly created companies are called
newbies
.
True
False
13
Which of the following is
not
a characteristic of a small business?
Independently owned and operated
Not dominant in its field
Govt-funded
Organized for profit
14
A start-up business is one that
closes temporarily, then reopens.
sells engine parts.
is newly created.
branches off from a corporation.
15
The behavioral and emotional characteristics that make each person unique are known as
goals.
skills.
leadership.
traits.
16
An experienced person who advises and guide to help an entrepreneur start a bus. in is a(n)
customer.
mentor.
employer.
leader.
17
Entrepreneurs need business skills only if they plan to start an accounting business.
True
False
18
The word
entrepreneur
comes from the French word meaning "to undertake."
False
True
19
Which of the following characteristics is
least
important to the success of an entrepreneur?
A good attitude
Good leadership skills
Good physical appearance
An aptitude for the chosen business
20
Attitudes are the beliefs of a person or culture.
True
False
