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Entrpreneurship
Entrpreneurship
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Chapter 6 section 1
Flashcards
21 cards
F
Practice quiz
P
Host live
L
Questions
21
Answers
1
Entrepreneurs are most often
Lazy
disorganized
dependent
self-confident
2
Entrepreneurship is not risky
true
false
3
As an entrepreneur you need to make only long-term goals
true
ralse
4
Which of the following would you be most likely to purchase from a small business
the repair of your home computer
a new automobile
a flight to Florida over spring vacation
a textbook
5
It is ?? for entrepreneurs to have failed in other businesses before they succeed
necessary
rare
usual
common
6
Approximately what share of the GDP is produced by small business each year?
two thirds
one quarter
on half
one third
7
Each of the following are reasons why small businesses fail except
not having enough startup capital
not keeping adequate records
not having a good or service anyone wants
not controlling spending
8
Most young entrepreneurs are female
true
false
9
Can you be an entrepreneur?
no
yes
10
An entrepreneur is persistent, creative and self-demanding
true
false
11
An entrepreneur is always looking for other people to take risks for him
false
true
12
An entrepreneur provides special advise to the owner of a new business
false
true
13
People who become successful entrepreneurs most often
have business skills before startin
learn business skills over time
hire others to do everything
don't have time to learn business skills
14
How many new businesses are created in the USA each year?
about 500,000
nearly 1,000,000
over 500,000
roughly 250,000
15
An entrepreneur does not need technical skills
false
true
16
An entrepreneur must possess basic math skills to run a successful business
false
true
17
An entrepreneur is someone who operates a business with the intention of earning a profit
false
true
18
Entrepreneurship is the responsibility of starting, organizing, and managing a business
true
false
19
An entrepreneur always succeeds in making a business successful.
true
false
20
An entrepreneur works for a successful and well established business
false
true
21
Distinctive qualities and traits of an entrepreneur
Enthusiastic
Goal oriented
procrastinator
complacent
