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Chapter 1 Study Guide (Entrepreneurial Careers) Flashcards | StudBud
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Chapter 1 Study Guide (Entrepreneurial Careers)
Chapter 1 Study Guide (Entrepreneurial Careers)
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#entrepreneurship #economics #financial #multiplechoice #truefalse
Flashcards
27 cards
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Practice quiz
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Questions
27
Answers
1
Behavioral/emotional characteristics that make someone unique are skills that can be learned.
False
True
2
The "SMART" in the SMART goal setting stands for ____________.
Specific, Measurable, Attainable, Realistic, and Timely
Specific, Manageable, attainable, realistic, and timely
Special, Malleable, Artistic, Reliable, and Together
Specific measurable, attainable, reliable, and timely
3
There are many ways to research your career interest, including searching the internet.
True
False
4
Which is
NOT
one of the five personality traits for entrepreneurs?
Positive
Problem Solving
Passion
Planning
5
Social Media knowledge, software & system skills are examples of which of the following sets?
Technology
Basic
Business
Thinking
6
Small Businesses employ____percent all high-tech workers
20
30
10
40
7
Which of the following is
NOT
a step in the decision-making process?
Generate Ideas
Observe Others
Implement your decision
Define the challenge
8
Which of the following is
not
included in the definition of a small business?
Organized for profit
Not Dominant in its field
Independently Owned and Operated
National or International business
9
Which of the following is
not
an activity involved starting a new business?
Declaring what type of business to open
Developing a marketing plan
Managing Finances
Planning Retirement
10
A goal does not have to be achieved during a specific time period.
False
True
11
Entrepreneurship involves taking on the responsibilities and risks of starting a new business.
True
False
12
The natural ability to learn something new is a(n)_____
Ability
Aptitude
Trait
Skill
13
A list of steps on a time line to reach each of your career goals is a(n)_____
Career Pathway
SMART goal
Career Cluster
Career Plan
14
Math skills are among the ______ skills an entrepreneur needs.
Planning Skills
Problem Solving Skills
Interpersonal Skills
Business Skills
15
Newly created businesses are often called_______
Booming Businesses
Growth Sectors
Start-Up companies
Career Clusters
16
The last steps in the decision-making process is to______________________
Analyze the Situation
Make a Decision
Consider Alternatives
Implement Your Decision
17
Few successful entrepreneurs are actual leaders
True
False
18
Intrapreneur: works for a company, uses skills & knowledge to help develop ideas that benefit__
The Company
Him/Herself
The local business market
Society
19
A(n)___is someone who influences others in a positive way and makes things different or better.
Employer
Entrepreneur
Intrapreneur
Leader
20
When creating a career plan, the first step in the decision making process is to ___________
Analyze the Situation
Define the Challenge
Make a Difference
Gather the Facts
21
The 5 P's of Entrepreneurship are:
Practical/passion/planning/persistence/ perseverance
Passion/Perseverance/persistence/planning/ problem solving
Practical/problem solving/planning, persistence/perseverance
Performance/Perseverance/persistence/ Passion/Planning
22
Career pathways are subgroups within the career clusters
True
False
23
Which one is
not
one of the foundation skills necessary for success in any career?
Business
Technology
Athletic
Thinking
24
A critical issue for most entrepreneurs is the ability to raise start-up capital.
True
False
25
A person who starts a new business is referred to as an entrepreneur.
False
True
26
An ability that a person has learned over time and can do well is an aptitude
True
False
27
The Small Business Administration (SBA) is a(n) ____ resource to help small businesses succeed.
Exclusive
Private
Expensive
Government
